Understanding Amazon's New Payment Policy for SellersUnderstanding Amazon's New Payment Policy for Sellers
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Payments have been updated on Amazon.
Yeah!
Amazon has updated their payments policy by introducing "DD-7 or Delivery Date + 7 Days" policy. Meaning, sellers will have to wait seven days after the delivery date of an order gets updated.
What this really means?
This means that sellers have to wait additional days to get the funds cleared out on Amazon. earlier, fraction of the funds were kept on hold by Amazon for possible returns and sellers used to get paid once the payments were verified.
Now, They first have to wait for the delivery date to get updated, which can get delayed as per Amazon issues recently. But, even after that you have to wait additional 7 days after delivery confirmation to get those funds out.
What this policy tries to achieve?
Amazon is trying to reducing the possibility of having no funds for the refunds but that's ridiculous because there weren't be that much refunds that might required all the funds to get delayed.
This basically, delays seller's plans that were waiting for their funds to order new inventory or something but at the end - No one has a choice.
#amazonaccount #amazonupdate #amazon #amazondelivery #amazonstore #amazonbrand #amazonseller #accountmanager
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