UPDATE to US Referral and Fulfillment by Amazon Fees!
📢As 2024 approaches, Amazon introduces new changes, including fee adjustments, inbound processes, and supply change updates. Here's a quick overview of the key updates:
Fee Changes:
Amazon is implementing fee changes with an average increase of $0.15 per unit sold. 💰
Focus on Inbound and Placement:
A new focus on inbound and placement aims to enhance the speed of orders, driving more sales at lower transportation costs.
Operational Adjustment:
FBA fulfillment fee rates for standard and Large Bulk-sized products will decrease, promoting cost savings and efficiency. ⚙️
Inventory Management:
New fees will apply for low inventory. Monthly storage fees for standard-size products will decrease.📈
Seller Benefits:
Referral fees for apparel products under $20 will decrease, and new or expanded services include reduced Amazon Vine fees and benefits for the US FBA New Selection program. 🛍️
Supply Chain Enhancements:
Supply Chain by Amazon introduces updated rates and benefits, providing an end-to-end solution for moving products globally. 🌐
Returns Processing Fee:
A returns processing fee applies to high return-rate products aiming to address operational costs and reduce waste. ♻️
The Amazon changes may affect sellers differently, with potential cost increases for some and a need for strategy adjustments. I’ll be diving deeper into these changes in upcoming posts! Stay tuned for more details on each topic! 🚀.
Also, let me know what you think of these updates!
For a detailed summary of all fee changes, check out the announcement on Seller Central.