I have sold over a dozen Amazon accounts

It’s true…. they sold for over $5,000 each

Because ‘aged’ Amazon accounts can get daily payouts.

In a world where cash is king, they can be a game-changer!

I knew tons of failed Amazon sellers who had dormant Amazon Seller Accounts and helped them get some money for their accounts (there is a huge market for this).

But this is now over.

In July, Amazon made a pretty big announcement……but swept it under the rug.

Amazon is changing the payout period.

So this announcement is concerning.

UPDATE: Amazon have recently delayed the effective date until 31 January 2024, saying it was “extending the transition date for a small number of sellers who have contacted us and need support”.

How does this affect you?

2 groups of sellers are affected:

1. Sellers who currently have a ‘shipment date’ reserve i.e. sellers who get paid based on the day they ship

2. Sellers who have never had a reserve applied before

These sellers will be moved to a Delivery Date Based Reserve policy, which means their payments are going to be unavailable for longer ……FML 🤬. 

The reason for the policy change Amazon says is “to unify base reserve policies for all selling partners”, adding that a delivery date-based reserve has been the “standard for selling partners since 2016”……. I don’t buy it 🤬.

This is the great EQUALIZER (no, you are not Denzel Washington).

Now everyone - mainly older sellers – have benefited from a more generous approach to payments, now everyone will see similar delays to their payments.

How will it work?

Amazon has said this policy change “will only defer the availability of your funds according to the delivery date of the order plus seven days”. This means that most sellers will wait 10 days to get paid (1-3 days for delivery, 7 days for payment) but it could be even longer.

First, the reserve policy isn’t improving. Amazon’s base reserve policy determines a sellers ‘reserve’; the amount of money held back to ensure there are enough funds to cover refunds, claims and chargebacks from customers. This means that sellers who currently see a delay of 14 days between their sale and getting paid for that sale because of the reserve, could be looking at around 20 days from next month.  

Second, given payment is now tied to the delivery date your cash flow will be affected when delivery is delayed. For example, not all packages are scanned in, some providers do not deliver on weekends/ public holidays and occasionally there are postal strikes and other factors causing delays.

People are not happy about this……

• 1,400 comments on the Seller Central forums

• This seller lost £5,000

• £230,000 frozen for this seller

• £100,000 frozen

• 225,000 businesses affected

What can you do about this?

Talk to Storfund…. they will unlock your reserve for same-day payments

With Q4 upon us….. we need every available cent. That’s why Storfund offers a cash-flow solution.

Talk to them….. thank me later 👊.

Thanks for reading

— Paul

PS. I once sold my old Amazon account for over £30,000….. It’s true…. I thought it was too good to be true….. and the money cleared within a week.

This seller used my account to sell pirated software….. he would sell over $20,000 per day…. so he needed same-day payouts as his seller accounts were banned after a week due to the number of complaints (he made over £100k in 3 weeks 😞).

PPS. Storfund is your friend….. I need friends 😞