Welcome to FeedbackExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.

Amazon sellers hit by ‘extensive’ fraud campaign: BBC News reports that an “extensive” fraud let thieves steal cash from Amazon merchants for six months during 2018, the online retailer has revealed. About 100 accounts run by merchants who sell via Amazon were compromised by fraudsters, Bloomberg reported. Quoting legal documents it had seen, Bloomberg said the fraudsters changed bank details on Amazon accounts to divert cash. It is not known how much money the thieves managed to take. Continue reading…

The Kindle Paperwhite is down to its lowest price ever at Amazon: Mackenzie Frazier at TechRadarreports that just in time for Mother’s Day, Amazon has slashed the price on its best-selling Kindle Paperwhite. For a limited time, you can get the waterproof Kindle on sale for $89.99. That’s a $40 discount and the lowest price we’ve seen for the popular e-reader. The 2018 Kindle Paperwhite is thinner and lighter than ever before and packs twice the storage of previous generations. The 6-inch e-reader features a 300 ppi glare-free display so it reads like a newspaper even outdoors in the bright sun. Continue reading…

Amazon just launched a lending service in China while shuttering its local marketplace: Eugene Kim at CNBC reports that Amazon may be closing its marketplace in China, but it’s still aggressively pursuing growth in the country with a new lending service that could help bolster its sprawling seller community there. The program is called Lending Referral Program, according to a post in Amazon’s sellers forum, which is only open to merchants doing business on the site. Screenshots of the post were viewed by CNBC. Amazon picks and connects prequalified sellers with a local lender in China, offering short-term loans to help the sellers purchase inventory and expand their business. Continue reading…

eBay tops Q1 targets, raises 2019 guidance: Natalie Gagliordi at ZDNet reports that eBay’s Q1 results topped estimates with net income of $518 million. Despite the relatively solid quarter, eBay said gross merchandise volume was down 4% to $22.6 billion. As usual, the bulk came from its marketplace platforms, which delivered $21.6 billion of GMV and $2.2 billion of revenue. Elsewhere, the company said it grew its active buyer base by 4% across its platforms, for a total of 180 million. Continue reading…

This Amazon music streaming offer will get you an Echo Dot for 99p: DigitalSpy reports that Amazon is offering you the chance to get an Echo Dot smart home speaker for 99p (normally £49) with this special offer throughout May. Basically, all you have to do is sign up to the Amazon Music Unlimited Family Plan to claim the discount. Note that if you’re on a free trial, then you’ll need to wait until your first membership payment kicks in. Continue reading…

Bonus: Wholesale Sources for Amazon and Other Online Sellers

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