British marketplace seller and tech startup Boulevard has raised 2.5 million euros in seed capital. The company, only having started their supply chain services last year, will use the funds to diversify and further develop their in-house software. The investment comes at a time when marketplaces continue to thrive in a post-pandemic landscape.
PayPal will raise the fees for payments between businesses in the United Kingdom and those in Europe. The reason for this price increase is Brexit. With the UK no longer being part of the European Economic Area, PayPal's costs are higher than usual.
Add to Cart is a new ecommerce marketplace from the United Kingdom. It wants to compete with other online marketplaces by focusing primarily on supporting small scale businesses. The marketplace works alongside sellers' existing sales platforms.
Online retailers in the UK lose more than 1.8 billion pounds (2.13 billion euros) annually due to the lack of payment methods available for their customers. This was discovered in new research amongst regular online shoppers.
Paysafe has announced that it has singed a definitive agreement to acquire SafetyPay. The London-based online payments company will pay about 375 million euros for SafetyPay in an all-cash transaction.
Charity shops in the United Kingdom are looking more and more at ecommerce after losing thousands of euros of income during the lockdowns. The number of items sold online by British charity shops has increased by 151 percent between February and July of this year.
eBay UK has announced several upgrades and features to eBay Shops, the branded storefronts to attract more buyers on the online marketplace. eBay gave the edit shop page a new look, redesigned the categories page and introduced the possibility to create newsletters.
Subscription box services are becoming increasingly popular in the United Kingdom. Driven by the impact of the coronavirus pandemic and associated lockdowns more and more Brits have signed up for one or more subscription box services.
DPD UK has announced the acquisition of CitySprint, the largest same-day delivery company in the United Kingdom. The acquisition takes place for an undisclosed sum and is still subject to regulatory clearance.
Even though subscription commerce is very hot, most brands are having problems with retaining their customers. Research shows that a staggering 98 percent of consumers in the United Kingdom cancel their product subscription services within the first year.