Ecommerce is changing everyday, and sometimes by the minute. So many new ideas and developments everyday, becomes hard to keep track.
We bring to you a curated digest of ecommerce developments/happenings around the world, compiled from various publications across the Internet.
In the United Kingdom, homeware items, such as toasters and table lamps, account for a quarter of all online retail searches this year. Furniture is also very popular, as about one in five searches is for products belonging to this category. The top online retail searches in the UK this year was recently revealed by Criteo, which looked at search term popularity across the Criteo Sponsored Products network of top UK ecommerce websites.
Facebook has launched a new ad format called Collections that it says will help retailers tell “visual product stories.” The mobile ad format will display a product photograph or video ad to users and, if they express an interest and want to see more, they’ll be taken to a full screen option showing up to fifty items from that retailer. To seal the deal, shoppers can click on those images and be taken directly to the retailer’s website or app. You should start seeing these ads shortly because they went live last week.
It is the stuff of any Amazon (or indeed eBay) seller’s nightmares. A courier delivers or loses an item or perhaps a buyer raises a complaint despite receiving the goods on time and in order. They’ve just changed their mind. Amazon takes buyer satisfaction incredibly seriously and you’re guilty until proven innocent. Until Amazon has investigated the problem, you can’t trade on the marketplace.
Europeans are quite active in the ecommerce market. One in four Europeans with internet access shopped online at least once a week last year, while over 60 percent shopped online once a month. And 6 percent of Europeans shop online every day. These are some of the statistics gathered in the 2017 Masterindex, the first Mastercard survey of consumer trends in ecommerce and new payments in Europe.
It will be a familiar concept to those of you who sell and export within Europe, because it’s rather akin to what has been colloquially referred to as VAT MOSS. Within the EU, without a lower threshold, you need to pay VAT at the local rate of the recipient (not your domestic rate) if you’re selling digital items such as downloads, games, software even knitting patterns.