Every week we publish a list of new products from companies serving e-commerce and omnichannel merchants. This issue includes the latest news on AI-powered shopping assistants, crowdfunding, social commerce, big data, livestreaming shopping, subscriptions, app development, and cross-border payments.
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New Tools for Sellers: July 18, 2024
eBay launches cash advance service for sellers. Ebay will launch a new financing product called “Business Cash Advance” offered by Libertyis a global embedded financing platform. According to eBay, Business Cash Advance provides qualified U.S. eBay sellers with up to $1 million in working capital in just 24 hours. The program features flexible payment schedules that align with a seller’s selling cycle, with no minimum payment and no penalties for early payment.
Liberty
Amazon’s AI-powered shopping assistant Rufus now available to all US customers. Amazon’s generative AI-powered conversational shopping assistant, Rufusis currently available to all customers in the United States, Amazon Shopping App. Rufus is designed to help customers save time and make informed purchasing decisions by answering questions about a variety of shopping needs and products. Customers can ask Rufus for product details, recommendations and comparisons, as well as access product updates and shopping history.
Etsy Introduces Creativity Standards for Sellers. Ötzi Etsy has realigned its policies with new creativity standards that highlight the specific work sellers do for each item in its marketplace. Items on listing pages can now be labeled as Made by ShopName, Made by ShopName, Curated by ShopName, or Designed by ShopName. Etsy is also adding options to listing forms to share details about your process, materials, and tools.
Crowdfunding platform Indiegogo launches marketplace IndieShop and new features. IndiegogoCrowdfunding platform Indie Shopa curated e-commerce marketplace Crowdfunding ProductsIndieShop launched in beta in May and currently stocks over 40 products. Besides IndieShop, the platform has added new features such as pre-launch pre-orders, installment financing, cart quantity discounts, cross-platform campaign import, gifting, etc. Indiegogo also plans to launch in-store retail partnerships to feature crowdfunded projects.
Indie Shop
TikTok Shop UK launches £1 million club to help brands and small businesses grow. TikTok Shop UK has launched the £1 Million Club, a plan to help new sellers hit £1 million in revenue through incentives and support at no extra cost. According to TikTok, the £1 Million Club will offer new sellers benefits such as fee-free selling for up to 90 days, free storage and fulfillment through Fulfilled by TikTok, and priority service for seller support. TikTok Shop We also provide dedicated promotional support for our affiliated stores.
Behavioral modeling platform Synerise raises $8.5M for growth. SynerizeSynerise, a provider of AI-driven behavioral modeling and big data solutions, announced an $8.5 million investment from composable commerce platform Vtex and angel investors as part of its Series B+ funding round. Synerise provides advanced AI and big data technology solutions to more than 150 markets across e-commerce, retail, banking and other industries. The strategic investment will help Synerise expand into new markets and strengthen its position in behavioral AI.
Ecommpay adds PayPal recurring payments feature. Ecompei, E-commerce payments The platform has added the ability for merchants to collect recurring payments PayPal Customer payments can be managed from the PayPal dashboard alongside any subscription card payments or direct debits you may already be using. Merchants can handle all subscriptions from the PayPal dashboard, with full control and visibility into billing cycles, amounts and customer information. They can also make changes, track payment history and handle cancellations.
Ecompei
Wix releases new features for app developers. WixWebsite builder Wix has announced new features to help developers build applications more efficiently. The Wix Design System includes reusable components and Figma kits. The Wix Pattern Library allows for rapid development of admin screens. Developers can (i) App development From pre-designed templates tailored to a variety of use cases, you (i) extend functionality and enable feature-rich plugins that integrate with Wix’s business apps, and (ii) earn 100% revenue share in the first year.
Flipkart adds new recharge and bill payment categories (PDF ). FlipkartFlipkart, an India-based e-commerce marketplace, has launched five new recharge and bill payment categories on its app including Fastag, DTH recharge, landline, broadband and mobile postpaid bill payments. These are in addition to the existing electricity and mobile prepaid recharge options. Flipkart has partnered with BillDesk, an India-based payments service, to help integrate the new services into the Bharat Bill Payments System developed by the National Payments Authority of India.
Yuno and Openpay partner for digital payments in Mexico. YunoThe payment orchestration platform is Open PayBBVA has partnered with Yuno, the digital payments company of the BBVA Group, to facilitate online transactions in Mexico. The partnership aims to create synergies within the local payments ecosystem. Yuno’s platform will provide access to more than 300 payment services. Payment Methodone-click checkout, smart routing and fraud prevention tools are also available from a single interface. Openpay simplifies online selling for merchants by card, bank transfer, cash or points with a single integration.
HSN Partners with Impact.com to Launch Creator Platform. HSSNis a live streaming shopping platform online and via TV channels. ImpactAffiliate management site. Through the new HSNfluencer platform, powered by Impact.com technology, HSN can recruit, engage, manage and analyze its creator partners through a customized experience. Within the platform, Influential people Content creators can work with HSN to inspire their content stories with a curated collection of products and generate affiliate product links for their posts.
Impact
