JASONTAYONLINE.COM
  • About
  • Amazon FBA Guide
    • How to Register an Amazon Seller Account
    • Amazon FBA 101
    • Amazon Professional vs Individual Selling Plans
    • How to Sell On Amazon From Outside the US
    • Amazon FBA Prep Companies
    • Best Tools for Amazon Sellers
    • Code Confusion - Understanding GTIN, UPC and Amazon Barcodes
    • Amazon FBA Fees Explained
    • Amazon Coupons vs Prime Exclusive Discounts
    • How to Create Amazon Coupons
    • How to Increase Amazon Sales - Traffic, Click-throughs and Conversions
    • Optimizing FBA Inbound Shipping
    • Product Images and Photography
    • Amazon and Taxes - Income Tax, Sales Tax, and VAT
    • Amazon PPC Advertising
    • Insurance for Amazon Sellers
    • Amazon Seller FAQ
  • Reviews
    • Payoneer vs WorldFirst vs TransferWise vs OFX vs Airwallex
    • Helium 10 Review and Discount Codes
    • SKUdrop Review
    • Proven Amazon Course Review
    • Amazing Selling Machine Review
    • Amazon Advantage Review - How to Optimize Copywriting for Amazon Listings
    • Amazon FBA Reimbursement Guide Review
    • Rebate Programs
  • Training
    • Amazon Seller Live Training
  • Blog
  • Newsletters
  • Q&A
  • SSF2024

Newsletters

Amazon Updates to Note in July 2021

15/7/2021

0 Comments

 
Here are some Amazon announcements in July.
  1. End of Disbursements to Non-participating Payment Service Providers
  2. FBA Liquidations
  3. Amazon Seller Training Starts This Saturday & Sunday

1. ​End of Disbursements to Non-participating Payment Service Providers

Amazon has updated their Payment Service Provider (PSP) policy. From 15 July,  Amazon will stop payouts to non-participating PSPs.

You can refer to the policy update at (you will need to be logged into yourAmazon Seller Central Account):
https://sellercentral.amazon.com/gp/headlines.html?id=GNFPP4ECHU38W3N2&ref=nslp_at_4_GNFPP4ECHU38W3N2_en-US_ttl_rf_recent_news_5

This will affect sellers who are currently using services that are not yet in Amazon's PSP program such as Wise (formerly TransferWise). Refer to this article on recommended Payment Service Providers to find out more about which ones to choose.

2. ​FBA Liquidations

Amazon has launched a liquidations service for sellers. This helps sellers to recover some cash from products that are not moving.

Here's a video by Amazon that explains FBA Liquidations (it also introduces Grade & Sell, which you can ignore unless you're invited as that's currently by invitation only)

Before FBA Liquidations was introduced, the options were to create a removal order with the option of either:
  • Disposal, or
  • Return (to an address within the country where the inventory is stored with Amazon)

In both of the above cases, the seller would be charged a per unit fee to remove each unit.

With FBA Liquidations, Amazon will help to liquidate the inventory and then pay the seller an estimated 5% to 10% of the selling price of the product. While that does not seem much, at least it is recouping come cash, which is better than incurring additional removal costs.

Sadly, I've seen some clueless sellers who are stuck with large quantities of products that are not making sales. These are people who don't understand the fundamentals of successful online sales, and/or are victims of scammy gurus who taught them silly, risky nonsense.

These sellers would benefit from FBA liquidations. But it would have been much better if they understood how to do sensible research and analysis in order to select products with a high probability of success while minimizing risks, which is foundational to my Amazon training course.

3. Amazon Seller Live Training

For those who want to learn how to sell on Amazon with sound fundamentals, I am running the next batch starting this Sat-Sun, 17-18 July, 2021.

The training consists of:
  • 2 full days of small group training on 17-18 July (maximum of 10 sign-ups)
  • 4 one-to-one consultations
  • Lifetime support via private Facebook group for training alumni and direct email/private messaging with me

If you'd like to find out more or sign up, please go to my Amazon Seller Live Training page.
0 Comments

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    July 2024
    October 2023
    November 2022
    July 2022
    October 2021
    July 2021
    May 2021
    March 2021
    January 2021
    August 2020
    November 2019
    December 2018
    November 2017
    August 2017
    March 2017
    November 2016
    March 2016
    November 2015
    June 2015
    May 2015
    April 2015
    March 2015
    January 2015

    Categories

    All

    RSS Feed

Contact
© COPYRIGHT 2018. ALL RIGHTS RESERVED.
  • About
  • Amazon FBA Guide
    • How to Register an Amazon Seller Account
    • Amazon FBA 101
    • Amazon Professional vs Individual Selling Plans
    • How to Sell On Amazon From Outside the US
    • Amazon FBA Prep Companies
    • Best Tools for Amazon Sellers
    • Code Confusion - Understanding GTIN, UPC and Amazon Barcodes
    • Amazon FBA Fees Explained
    • Amazon Coupons vs Prime Exclusive Discounts
    • How to Create Amazon Coupons
    • How to Increase Amazon Sales - Traffic, Click-throughs and Conversions
    • Optimizing FBA Inbound Shipping
    • Product Images and Photography
    • Amazon and Taxes - Income Tax, Sales Tax, and VAT
    • Amazon PPC Advertising
    • Insurance for Amazon Sellers
    • Amazon Seller FAQ
  • Reviews
    • Payoneer vs WorldFirst vs TransferWise vs OFX vs Airwallex
    • Helium 10 Review and Discount Codes
    • SKUdrop Review
    • Proven Amazon Course Review
    • Amazing Selling Machine Review
    • Amazon Advantage Review - How to Optimize Copywriting for Amazon Listings
    • Amazon FBA Reimbursement Guide Review
    • Rebate Programs
  • Training
    • Amazon Seller Live Training
  • Blog
  • Newsletters
  • Q&A
  • SSF2024