Andy Cloyd’s Post

Amazon beefed up its “Buy With Prime” service with new features ahead of the holiday shopping season, adding order tracking, customer service and returns for merchants that sell on other websites. Sellers using Buy With Prime, which launched in early 2022, could already offer Amazon’s checkout and fulfillment services on their own sites to Prime members. Amazon vastly expanded the reach of Buy With Prime in late August through a partnership with Shopify, opening up the service to the more than two million sellers who use Shopify’s e-commerce software to run their businesses. The rival e-commerce giants struck that deal after Shopify unloaded its logistics business in May. “We continue to innovate our Buy with Prime offering so that Prime members get access to an expanded selection and a convenient shopping experience, even when shopping beyond Amazon.com. Just in time for the holiday season, we’re excited to roll out new Buy with Prime features that Prime members will love, including hassle-free returns and world-class customer service,” said Peter Larsen, vice president, Buy with Prime. Read the complete source article for more info: https://lnkd.in/ehQUATC6 Source picture: Best Anchor Stocks - A Seeking Alpha Marketplace Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #payments #paytech #digitalpayments #ecommerce #amazon #amazonprime #shopify #fintechindustry #paymentindustry #fintechnews 

🛍️ Shopify has recently taken a leading role in handling payments for Amazon Pay transactions on its platform. Previously, Amazon managed these transactions directly. 💳 Under this new arrangement, Shopify integrates Amazon Pay into its own payment system, simplifying the process for merchants using Shopify's platform. This key step shows just how big a player Shopify has become in online retail. It's attracting a lot of attention, especially from Amazon, who's really keen to engage with Shopify's large group of online sellers. 💰 Interestingly the payment processing in this new setup is handled by Stripe, which now processes payments for both Amazon and Shopify under this new arrangement. 🤝 This collaboration in e-commerce paints an interesting picture of changing dynamics in online retail and payment systems. Let's see how these changes will shape the future of e-commerce. #shopify #amazon #stripe #amazonpay #ecommerce #onlineretail #partnerships #collaboration #payments

Shopify gave Amazon Pay the boot in Europe. The checkout battle continues. Gone by August 6th. Amazon's response? Asking merchants for more cash reserves. What's really going on here? 1. Power play: Neither wanted the other’s terms 2. Negotiation tactics: Using merchants as bargaining chips 3. Strategic shift: Shopify doubling down on their own payments The real losers? Merchants and customers caught in the middle. This isn't just about payments. It's about control. In ecom, who controls the checkout controls the data. And data is power. Just like your site speed. Both power your best CVR improvements.

My latest exclusive 🛍 💳 : For Amazon, providing customer checkout and delivery services to merchants that don’t sell on its site offers a tantalizing growth opportunity. But to take full advantage of it, Amazon has to figure out how to work with archrival Shopify, which is a key gatekeeper because it sells e-commerce software to millions of mostly small online merchants. Now Amazon has agreed to let Shopify handle Amazon Pay transactions that Amazon had traditionally arranged itself. This story also has more details about how Shopify selling Deliverr Inc. to Flexport last summer helped lead to Amazon launching Buy with Prime on Shopify. Read the full story and check out The Information's new redesign: https://lnkd.in/g5DHu7ru

Bad news for bargain-hunters such as myself: Amazon.com's annual Prime Day is coming up in July, but discounts this year may not be as generous this year thanks to rising fees, according to the online marketplace's third-party sellers and the agencies that work with them. Many merchants have already raised prices to combat a slew of new fees introduced earlier this year as Amazon looks to pass more operational costs onto sellers. #retail #amazon #ecommerce #primeday

**Amazon Prime Day Drives U.S. Online Sales to Record $14.2 Billion** =========================================================== Amazon's annual Prime Day sale has broken records, driving U.S. online sales to a staggering $14.2 billion, according to a report by CNBC. This marks a significant increase from the previous year's $12.8 billion in online sales. The 48-hour shopping extravaganza, which took place on July 12-13, saw customers flock to Amazon's website and mobile app to snag deals on a wide range of products, from electronics to home goods. This year's Prime Day sales are the highest on record, surpassing previous years' numbers and cementing Amazon's position as the largest e-commerce player in the market. #AmazonPrimeDay #RecordSales #Ecommerce #OnlineShopping #Retail #Business Source: https://lnkd.in/guRarpMH Update Date: 1 day ago

Amazon's 'Buy with Prime' - An Irresistible Trap or a Smart Move? Amazon recently unveiled the 'Buy with Prime' feature. While it's screaming 'trap!' for many, let's face it - many sellers will find it too tempting to ignore. Why, you ask? Two words - 'Conversion rate'. Predictably, it could triple the typical conversion rates, and Amazon very likely has this figured out already. As a consumer, the convenience of fast, free shipping, and stored account details? I'd be clicking this option whenever I spot it. That's the card Amazon's playing. Adieu Paypal. Farewell Shop Pay. When assessing this program, most focus on big players. 'Would giants like Walmart or Macy's ever adopt this?' Well, I'd like to remind you of the days when Amazon hosted Target and ToysRUs. For Amazon, this move is a strategic win: - They tap into the rapidly growing off-Amazon eCommerce. - It solves the fulfillment challenge many independent DTC sites struggle with. - Prime usage reduces customer service interactions on merchant sites. - Greater inventory in fulfillment centers means higher parcel volume, leading to better network utilization and lower fulfillment costs. But, merchants, be ready to trade your loyalty programs for this convenience. Sure, it's not for everyone, but ask yourself, how trusted are independent sites' relationships with customers? The million-dollar question that remains: - How will Shopify and others respond to this move? For now, it seems there's not much they can do. In conclusion, while many marketplace-oriented brands will take the bait, others would adopt a wait-and-see approach. And, of course, many won't consider this... ever. After all, it's a well-disguised trap!

Amazon recently added handling customer service inquiries (i.e., where is my order) to their popular Buy With Prime solution. This is a response to Shopify's market moves and positions Amazon to be America's "everything commerce" platform. Can Amazon dominate US ecommerce like Alibaba does in China?

Amazon, Shopify & BigCommerce Q1 earnings are out. It's clear that eCommerce is slowing down, and the high-flying days of previous years feel like a distant past. Amazon barely increased product sales YOY, and most of its growth came from services. I suspect most of BC and Shopify's growth came from new customer acquisition, not existing customer growth. Future eCommerce growth will likely come from B2B eCommerce by moving larger purchases online. This will be an era of consolidation where the truly gritty capital-efficient players will win.

🚨 𝐒𝐡𝐨𝐩𝐢𝐟𝐲 𝐬𝐭𝐨𝐩𝐬 𝐨𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐀𝐦𝐚𝐳𝐨𝐧 𝐏𝐚𝐲 𝐢𝐧 𝐆𝐞𝐫𝐦𝐚𝐧𝐲 🚨 Amazon Pay will soon be discontinued for Shopify shops in Germany, according to a post from Florian Bein (see comment, the discussion under the post is worth reading). This presents challenges for Amazon Pay, because they face difficulties to be integrated on both ends of the merchant ecosystem: 𝐁𝐢𝐠 𝐦𝐞𝐫𝐜𝐡𝐚𝐧𝐭𝐬 Large businesses often avoid Amazon Pay to maintain control over their brand identity and customer data, avoiding close ties with a major competitor like Amazon. 𝐒𝐦𝐚𝐥𝐥 𝐦𝐞𝐫𝐜𝐡𝐚𝐧𝐭𝐬 SMBs using Shopify in Germany will lose a trusted payment option, potentially decreasing conversion rates and consumer confidence. This decision highlights the complexities of balancing brand strategies and technological dependencies in e-commerce. Amazon Pay´s market share is only 0.5% (according to EHI´s latest payment survey) anyway. It will be difficult to increase the share in the future... #ecommerce #AmazonPay #Shopify #Payments