Etsy, Inc. - Etsy, Inc. Reports Fourth Quarter and Full Year 2022 Results

Transactions where the buyer or seller, or both parties were outside of the U.S. represented 45% of overall GMS;

Sales down 4%;

Etsy reports 5.4 million active sellers  

eBay Inc. Reports Better Than Expected Fourth Quarter 2022 Results

eBay US sales were down 8.9%; Revenue down; Gross Market Value down.... 

TikTok becomes UK's most shopped social channel as users flock to deactivate Facebook and Insta ahead of subs fee - Internet Retailing

An average UK consumer makes 10 purchases per year on TikTok 

Why Enterprises Must Prioritize an End-to-End View of Last-Mile Operations to Remain Competitive - Global Trade Magazine

The last mile experience can be a differentiator. 

BigCommerce is raising its fees by 34% a month beginning June 1, 2023. This matches the fee schedule for Shopify.

Starting on June 27, 2023, eBay will disclose the name (or company name) and physical address of sellers because the INFORM Act, part of the Omnibus passed in December 2022 requires it. eBay has been collecting and verifying identification and contact information for several months in preparation for this law. Non-compliance with this Act subjects the seller to civil penalties under the Federal Trade Commission (FTC). 

The purpose of the bill, Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers (INFORM Consumers) Act, is to combat the online sale of stolen, counterfeit, and dangerous consumer products . The Act applies to "high volume sellers"  eBay will collect personal data if you sell 200+ items totaling $5k in annual sales.  Sellers who reach $20,000 annually will have their name and full address shown. Residence offices will show only state and country.  Data includes bank account, tax ID, phone and email addresses as well as name and physical address.  See Sen Durbin's press release below.

If you will be impacted by this legislation contact EMTC and let us know your thoughts.  EMTC is the trade association for small and mid sized businesses in ecommerce. Use the form on our home page or email us 

press release

On Remand, US Court of International Trade Again Rejects Transaction-Value Calculation Based on “First Sale” Prices Involving Non-Market Economy Parties | White & Case LLP - JDSupra

Arlington, VA--

EMTC submitted a statement for the record to the Senate Finance Committee relating to its February 16th hearing on “Ending Trade that Cheats American Workers By Modernizing Trade Laws and Enforcement, Fighting Forced Labor, Eliminating Counterfeits, and Leveling the Playing Field.”

In its statement, EMTC outlined two important concepts for cross-border e-commerce: 1) systems-based governance using AI and ML to manage trade risks; and 2) a "Trusted 2 Trade" global supply chain program.  These concepts are part of EMTC's 21CCF Proposal released in November 2022.

EMTC is seeking trade community support for its proposal by completing the 21CCF Form.

Arlington, VA--

EMTC has released an infographic of what a Simplified Process could look like under our 21st Century Customs Framework (21CC) proposal., previously released in News Post on November 28, 2022.

EMTC is seeking trade community support by asking them to complete a 21CCF Proposal form.

On 24 February 2023, the Chinese Internet Information Office adopted Standard Contractual Measures for the exportation of personal information overseas, which will become effective from      1 June 2023. The main objective of Standard Measures is to protect personal information and control the transfer of data overseas.