Get ready for some big news from Amazon! They’ve just dropped some major updates on their fees, and if you’re not aware of this, you might have to lose a lot of money. Amazon FBA fees have always been a hot topic among sellers. But this time prepare yourselves because they will increase the fees again. We’re here to explain these changes in fees, and explore their potential impact, and share strategies to adapt to these changes. Don’t miss out – let’s dive in!
In this article, we will cover:
- Fulfillment Fee for standard-size items have been increased
- Adjustment for the Long-Term Storage Fee
- Storage Fees have been restructured
- Removal Order Fees have been revised
- Packaging and Prep Service Fees
- Adjustment on Category-Specific Fee
- Returns Processing Fee has been increased
Fulfillment Fee
Amazon’s recent FBA fee changes include a 5 to 8% rise in fulfillment fees for standard-size items, impacting overall seller costs.
Long-term Storage Fee
Long-term storage fees have been adjusted, with the minimum storage duration for assessing fees reduced from 365 to 180 days. This change may impact sellers with slow-moving inventory.
Preparation Service Fee
There are some changes to Amazon’s preparation service fee. Bubble wrap for standard size will cost $0.24 more per unit, while labeling fees will stay at $0.55 per unit.
Shipping and Disposal Fee
Shipping and disposal fees will increase in most categories depending on size and weight, ranging from $0.05 to $1.27 per unit. Make sure you’re aware of these changes to avoid surprises.
Liquidation Fees
We are happy to share that liquidation fees will remain unchanged. Keep an eye out for these adjustments to keep your Amazon business running smoothly.
Low-level Inventory fee
If your standard-sized products consistently run low on inventory compared to sales, Amazon will charge you a fee starting from April 1st. If your inventory falls below that 28-day mark, the fee jumps from $0.36 to $1.11 per unit.
Returns Processing Fee
The new returns processing fee is going to be effective on June 1st. This fee will be expanded to items with high return rates in all categories, excluding apparel and shoes.
Apparel Fee
Starting January 15th, 2024, there are new changes to the referral fees for clothes priced at $20 or less. If an item costs less than $15, the fee goes down from 17% to 5%. For items priced between $15 and $20, the fee decreases from 17% to 10%. But if the clothing costs more than $20, the fee stays the same at 17%. These changes aim to make it fairer for sellers and encourage more sales of affordable clothing.
To sum up, everything is going to affect your business somehow. After this update on FBA fees, business is going to be more costly. The seller should calculate more about their spending. Otherwise, it’s going to be a big problem. So, don’t forget to check all the data you need. Sellers must stay informed and adapt to these changes with careful planning and proactive inventory management.
Here we attach a file URL that covers every corner of the updated FBA fees in 2024: https://shorturl.at/chzMR
If you need any help with customer engagement on Amazon, feel free to let us know in the comment box or email us at the following email address: info@ecomclips.com
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