Where is the interest being held for all the money in account level reserve
Now we are subject to account level reserve and Amazon withholding our funds can any one answer the question of where this money is being held and are Amazon gaining interest on what for some sellers is a considerable amount held over a considerable time. When they eventually pay us will we receive interest due ?
Where is the interest being held for all the money in account level reserve
Now we are subject to account level reserve and Amazon withholding our funds can any one answer the question of where this money is being held and are Amazon gaining interest on what for some sellers is a considerable amount held over a considerable time. When they eventually pay us will we receive interest due ?
41 replies
Seller_ZVAz3d5lZuGid
" When they eventually pay us will we receive interest due ?"
Haha, you are joking, of course ! - Amazon will be raking in the interest into their own pockets !
Seller_ZQyopdiwkUHOZ
I'm operating on the assumption that they brought this in specifically to claw in the interest from it.
Seller_EkGoiphKgUnUI
Thats the funniest thing I've heard all year!
Amazon will be making massive, massive profit not just on interest, but in having our money and being able to invest it into their business activities. With aspects of their business, such as Prime Video making losses, the various costs we pay help Amazon to help minimise where their business makes losses and to keep their prices lower than we can afford.
Seller_07InCUKjXk5oG
Amazon now have billions extra to purchase our best selling ASINs and undercut us and drive us out of business.
The evil materplan plan is just to deal with brand owners through FBA. Amazon sellers are an inconvenience to Amazon now.
Seller_0lQP368tpx7Wc
We have been working hand to mouth for a while now and today it gets worse, no money for at least 10 days. For us, this means that after being able to avoid it for a long time, we are going to be overdrawn at the bank. Just a bit more creamed off the top.
Seller_8ZzHpSQkh7aJA
Amazon are using your hard earned money to start new Amazon businesses. Best business model ever. They use free money that isnt theirs to start or take over new businesses! Remarkable.
Seller_9cePvE5bylALt
Amazon pocketing the interest is entirely the point.
When you take all sellers into account, I suspect it's a very significant sum.
Seller_gpqqZ5FYuNK50
Business Accounts and Client Funds Accounts do not bear interest, infact they have to pay to store your money. Suprised they aren’t charging you storage fees
Seller_y7TgNxKw6AELA
How do you think Amazon Lending is financed?
Seller_iwDZC5h1MCUbw
Did you all not get the email that allowed you to appeal and postpone until 2025 ? Plus I read somewhere that Amazon aren't allowed to directly earn interest on seller reserved money. Indirectly is another matter !!
