Amazon's 2024 Fee Changes: What You Need to Know
In just a few short years, 2024 will be upon us, and Amazon is already making changes to their fee structure. In this article, we'll take a look at what you need to know to be prepared for these changes.
The Bad News: Fees Are Going Up
First, let's start with the bad news. Amazon is increasing their fees, specifically their storage fees. Additionally, there are new penalty fees for retailers who have too little stock or excess stock that is not sold on time. These penalties will start in the USA from April 1, 2024.
The Good News: Fees Are Going Down
Now for the good news. Amazon is lowering their sales fees, especially for cheap fashion items with a retail price of up to $15. These fees are being reduced from 17% to 5%, which is a significant price reduction. This will make it more attractive for retailers to offer cheap goods on Amazon or to pass the savings on to customers.
Amazon's Problem with Returns Fraud
Unfortunately, Amazon is facing a problem with returns fraud. There are groups that carry out 100,000 returns frauds per month, where worthless garbage is sent back instead of the actual product. Amazon is now using artificial intelligence to investigate reviews and block those that are suspicious.
Amazon's Partnership with Hyundai
Amazon is partnering with Hyundai to sell their automobiles directly on the Amazon website. Customers can configure the cars on the website and pay online, and the cars will be delivered to their homes. Additionally, the new Hyundai models come with Alexa voice assistant, which is connected to the Amazon cloud.
Amazon's Use of Prisons to Attract Employees
Amazon is now recruiting employees from an entire prison in Harlem, Netherlands. The former prison has been rented for the Amazon Cloud Services, and the employees now work in small, dark prison cells.
Amazon's Use of AI to Investigate Reviews
Amazon is now using artificial intelligence to investigate reviews and block those that are suspicious. This is a good initiative for all retailers who are involved in playing fair and supporting customers who give honest reviews.
Amazon's Expansion to Social Media Platforms
Amazon is expanding to social media platforms such as Facebook and Snapchat, where customers can see Amazon products demonstrated in short videos and buy them directly without leaving the app. This will lead to more conversions and more marketing options for retailers who want to use social media.
Amazon's Cube for Office Use
Amazon's Alexa Echo device, the Cube, is now being made ready for office use. Customers can soon connect a monitor and keyboard to the device for data entry and processing. This is a cheap and modern solution for equipping a workstation.
Conclusion
In conclusion, Amazon is making changes to their fee structure, expanding to social media platforms, and partnering with Hyundai to sell their automobiles directly on the Amazon website. They are also using artificial intelligence to investigate reviews and block those that are suspicious. Additionally, Amazon is using prisons to attract employees and making their Alexa Echo device, the Cube, ready for office use.
Pros and Cons
Pros:
- Lower sales fees for cheap fashion items
- Expansion to social media platforms
- Partnership with Hyundai to sell automobiles directly on the Amazon website
- Use of artificial intelligence to investigate reviews
Cons:
- Increasing storage fees
- New penalty fees for retailers who have too little or excess stock
- Problem with returns fraud
Highlights
- Amazon is increasing their storage fees and introducing new penalty fees for retailers who have too little or excess stock.
- Amazon is lowering their sales fees for cheap fashion items and expanding to social media platforms such as Facebook and Snapchat.
- Amazon is partnering with Hyundai to sell their automobiles directly on the Amazon website and using artificial intelligence to investigate reviews.
- Amazon is using prisons to attract employees and making their Alexa Echo device, the Cube, ready for office use.
FAQ
Q: When will the new penalty fees start?
A: The new penalty fees will start in the USA from April 1, 2024.
Q: What is Amazon doing to combat returns fraud?
A: Amazon is using artificial intelligence to investigate reviews and block those that are suspicious.
Q: What is the Cube?
A: The Cube is Amazon's Alexa Echo device that is being made ready for office use. Customers can soon connect a monitor and keyboard to the device for data entry and processing.
Resources:
- Amazonwatchblog.de
- Wortfilter.de
- Aboutamazon.com
