Amazon says it is lowering fees for third-party sellers.
Amazon says it is lowering both the minimum fees and the percentage fees it charges third-party sellers for some categories on its Marketplace platform.The changes were announced in an email sent to sellers on Wednesday, which said they would be implemented February 19. Amazon said in the email that it was making the changes so sellers could increase their selection of products. Amazon says it is lowering its third-party fees to help boost selection in key categories. The company has told third-party sellers it is lowering both the minimum fees it charges and the percentage it charges for some categories on its Marketplace platform. The company announced the changes in an email sent to sellers on Wednesday. According to the email, which was viewed by Business Insider, the changes will be implemented on February 19. For all sellers in most categories, the minimum fee charged to list items will be $0.30, down from $1. For jewelry, the minimum will decrease to $0.30 from $2. This change affects all item categories that had a minimum, while some items like books, which never had a minimum, will keep that distinction. Some categories also had their referral fees — the percentage of sales that Amazon takes — slashed: Baby, beauty, and health and personal care items will see a reduction to 8% from 15% on products that cost less than $10. Items that cost over $10 will stay at 15%. Furniture will see a reduction to 10% from 15% on the portion of sales over $200, but the portion below $200 will stay at 15%. Similarly, jewelry will see a reduction in fees to 5% from 20% for any portion of a sale over $250, but it will stay at 20% for the portion $250 and below. For categories that have a posted minimum fee, Amazon will charge either the minimum fee or the percentage fee, whichever is greater. An Amazon representative did not immediately return Business Insider’s request for comment, but the company said in the email that it hoped lowering the fees would help sellers list and sell more items in these categories. “This year, we are lowering our referral and minimum referral fees across categories to help you increase your selection of products,” Amazon told sellers in the email. Read more: Amazon quietly extended a program designed to help it sell more grocery items online In August, Amazon extended through next year a promotion for reducing the fees charged for grocery items to 8% from 15% for items less than $15.
This is a subscriber-only story. To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.
I spent 2018 speaking with CEOs, billionaires, and a Nobel laureate, and there are 15 lessons I just can’t seem to forget
Trump is abruptly threatening to veto the spending bill and force a government shutdown over the border wall
Here’s how an Air Force base active shooter exercise devolved into a chaotic mess, ending with an airman opening fire on a door
Google released a ‘Home Alone’ holiday ad featuring 38-year-old Macaulay Culkin and it’s everything a ’90s child could ask for
This might be Sony’s first teaser for the PlayStation 5
more recommended stories
Mark Zuckerberg humiliated by group of lawmakers, who accuse Facebook’s CEO of spectacular leadership failure
A devastating report from a UK.
Here are the latest predictions for Apple’s 2019 products, according to one of the most reliable Apple analysts
Getty Ming-Chi Kuo is one of.
BMW’s North American CEO reveals how the carmaker will continue to create passion and emotion for the luxury brand
BMW’s Bernard Kuhnt. BMW Bernhard Kuhnt.
Russia’s RT attacks Facebook for suspending 4 viral news channels that broadcasted Kremlin talking points to millennials
The editor of the Russian state-owned.
The CEO of Charles Schwab Investment Management says there’s a major challenge facing ETFs for buzzy do-good funds, and it’s why the firm hasn’t entered the market
Marie Chandoha, CEO of Charles Schwab.
Facebook accused of acting like ‘digital gangsters’ in a devastating report by lawmakers
British lawmakers have accused Facebook of.
Asian markets rip higher as Trump praises ‘very productive’ trade negotiations with China
Aly Song/Reuters Asian markets rocket higher.
Andrew McCabe describes ‘incredibly turbulent’ period after Trump fired James Comey and reveals what he says prompted Rod Rosenstein to suggest wearing a wire to record the president
Former FBI deputy director Andrew McCabe..
Nearly everyone living in Alaska gets about $2,000 a year from the state’s $65 billion fund. We asked 9 Alaskans how they spend it.
Businesses throughout Alaska take advantage of.
Australia’s major political parties have been hacked months out from a federal election, Prime Minister Scott Morrison reveals
Australian Prime Minister Scott Morrison has.