KHD Buzz – PayPal to Increase Merchant Fees, Retail Worker Exodus Continues and More
PayPal to Increase Merchant Fees in August
According to a blog post posted on the company website, PayPal will be increasing merchant fees in August 2021. On August 2, PayPal plans to increase U.S. merchant fees to 3.49 percent per digital payment transaction, up from 3.40 percent currently. This includes PayPal checkout services and Venmo services. Read More
Retail Workers Quitting At Record Rates
In April, 649,000 retail workers gave notice, the largest one-month exodus in the industry since the Labor Department started monitoring such data more than twenty years ago.
Some people are finding less stressful jobs at insurance companies, marijuana dispensaries, banks, and government entities, where their customer service skills are compensated with better pay and benefits. Others are returning to school to learn new skills. Now retailers are left trying to come up with ways to retain current employees and attract new ones. Read More
Effects of Chip Shortages Beginning to Impact Consumers
The global chip shortage is driving up prices for laptops and printers, and it is threatening to do the same for other popular devices like smartphones. Read More
Report: Amazon’s Share of Online Retail to Top 40% by 2022
According to eMarketer, Amazon.com’s share of the online retail market will reach 41.4 percent by the end of 2021, doing more business than Walmart, eBay, Apple, Home Depot, Target, Best Buy, Kroger, Costco, and Wayfair combined. Read More
Amazon UK Destroys More Than 30,000 items Per Week
According to an investigation by the British news outlet ITV, an Amazon warehouse in Scotland destroys millions of unsold products every year.
From within Amazon’s warehouse in Dunfermline, Scotland, ITV filmed undercover footage in which laptops, televisions, jewelry, headphones, books, and face masks were all seen being loaded into crates labeled “destroy.” Read More