I just LOST all my inventory because Amazon did not match the currency from Euros to Swedish Krona. I listed my product for 59 Euros. My product is also listed in Pan Euro. And in Pan Euro, all the currencies are in Euros. I listed my product for 59 Euros and Amazon listed it in Swedish Krona for 59 KR. 59 KR equals to only 5.8 Euros. My product/inventory was completely brought out by Swedish buyers. Pan Euro is only listed under France, Germany, Spain, UK, and Italy. If Amazon decides to add Sweden, then they need to match the currency exchange rate. My product has been listed under Pan Euro BUT I have NEVER sold anything in Sweden. This Sweden addition was added very recently. If they add Sweden, how can they not convert the exchange rate!? My product sold for 59 Euros became 5.8 Euros! That’s INSANE. Amazon is making a lot of changes, but do NOT ever think of the consequences they cause to other sellers. Amazon has NEVER cared about the sellers.
I lost a total of approximately $11,000 Euro. It cost $4,000 for shipping because of the insane increase in shipping from China to France. And my inventory cost was approximately $7,000. I had 425 units and they sold for 59 KR INSTEAD of 59 Euros. After amazon takes their cost for FBA and storage fee I am left with NOTHING. I am at a complete lost for words. $11,000 Euros completely wiped out because Amazon added Sweden Krona without converting it to Euros.
If anyone can help me out please reply.