Amazon offers a customized packaged called “Amazon Business Prime” for companies and businesses that need to purchase supplies and equipment on a regular basis.
So if you’re a business owner looking to gain benefits for your commercial shopping on Amazon, you may be wondering – what is Amazon Business Prime, and how does it work? Here is what I’ve found out!
What Is Amazon Business Prime In 2022?
Amazon’s Business Prime membership provides several benefits such as free shipping, various discounts, extended payment methods, no sales tax on certain items, credit cards, Amazon WorkDocs, and more. Amazon Business Prime starts at $69 per year for a single user, or $179 per year for 3 users.
If you want to learn more about the membership fees of Amazon Business Prime, what features does it offer, and whether it is worth subscribing to for your business, keep on reading!
Is Amazon Business Prime Free?
As with the personal Prime membership, you can try the Business Prime version for 30 days at no expense.
The free trial subscription generally provides users with all of the same features as a paid membership.
However, you will have to start paying the monthly subscription fee to keep using Business Prime after the first month ends.
How Much Does Amazon Business Prime Cost?
The annual subscription fee for Business Prime differs based on the number of users on your account, starting at $69 per year for a Business Prime Duo membership with a single user.
However, this basic type of account requires a personal Prime subscription and actually costs a total of $188 per year.
Another option is to pay $179 annually for a separate Business Prime membership that permits a maximum of three users.
Note that the price rises to $499 per year for a cap of 10 users or $1,299 for a maximum of 100 people.
Additionally, your company can add unlimited users to an account if it’s willing to spend $10,099 yearly.
What Are The Benefits Of Amazon Business Prime?
Amazon Business Prime offers a variety of features and benefits to subscribed members and businesses.
For example, members receive complimentary one-day or two-day delivery when they order qualifying items.
Here is a list of some notable features provided to Amazon Business Prime members:
Instant Customer Feedback
Members have access to Instant Customer Feedback, a program that lets companies conduct surveys via email, apps, websites, and other methods.
When purchased without a membership, the prices of different ICF plans range from $0 to $449 per month.
Business Prime subscribers benefit from special progressive discounts. This means that your company gradually pays less for a product as it orders more units over a 12-month period.
These volume discounts don’t require you to buy a large number of items at one time, so you won’t need a lot of storage space.
Instead, only the quantity you purchase throughout the year is what matters when Amazon calculates the price reductions.
More Time To Pay
Some members get extra time to pay for their orders, allowing them to optimize cash flow.
So while any approved Amazon Business customer can pay 30 days after purchasing items, a Business Prime subscription adds up to 60 additional days.
However, note that the eligibility depends on the number of users on your account and your firm’s credit history.
Better Control On Your Spending
A commercial membership supplies you with extra data on your spending, allowing you to make better decisions.
It also lets you establish rules that restrict the items your staff can order from Amazon Business or encourage them to select certain types of products.
These features help prevent excessive spending while enabling you to keep track of your company’s expenses more easily.
Access to Amazon WorkDocs
Business Prime includes access to online software called Amazon WorkDocs.
This is an alternative to Google Docs that provides cloud storage and HIPAA-compliant security and is designed to let staff members easily collaborate on the creation and editing of documents.
Note that if you purchase it separately from Prime, the per-user monthly access fee for WorkDocs is usually $5.
How Does Business Prime Differ From Prime?
The Business membership attracts commercial subscribers by adding several exclusive financial and software benefits. It also provides discounts that cut costs when you order the same item regularly.
However, this subscription lacks the music, video, and grocery features of a standard personal account.
Other than that, when you compare the annual prices of separate memberships, Business Prime costs $60 more.
How Do I Open An Amazon Prime Business Account?
Note that you can convert a standard Amazon account to a Business membership or set up a business account from scratch.
However, choose the latter option if you want to separate personal and commercial transactions, and keep in mind that either way, Amazon will need to verify that you actually operate a company.
What Is The Amazon Business Prime Card?
The Amazon Business Prime Card is an American Express credit card that is exclusively available to Business Prime members.
Customers who use this card for payment earn 5 percent rewards on most Whole Foods and Amazon orders.
Note that the card has a variable interest rate of 14.24 to 22.24 percent, with a higher rate of 24.99 percent applied to cash advances, according to Investopedia.
Is Amazon Business Prime Worth It?
Whether Amazon Business Prime is suitable for your business or not depends on how you use it.
Consider the separate costs of included services and think about how often you order supplies. Compare the cost of these with how much you will have to pay if you get the Business Prime membership.
You could even use the 30-day free trial and monitor your expenses for the month to check whether you are getting any significant savings.
Keep in mind that it’s relatively easy to get free shipping from certain competitors like Staples.
Another approach is to compare Business Prime with other commerce-oriented retail memberships like Staples Plus.
Members of this program pay $49 annually to receive one-day shipping with no purchase threshold, extra reward credits, and a variety of discounts.
Although the subscription has a narrower range of benefits, its price is significantly lower than that of Amazon Business Prime.
What Is An Amazon Business Account?
The Amazon Business Account is a free account that you’ll need if you want to use Business Prime or buy commercial items without a Prime membership.
It provides a number of noteworthy benefits such as the ability to make qualifying purchases without paying sales tax.
Along with that, it also offers special discounts on business-oriented goods, especially when you buy in bulk.
Can I Claim Amazon Prime As A Business Expense?
It’s generally possible to deduct the annual cost of a subscription from your taxable income in the United States.
However, this is only permissible if you exclusively use the account for commercial purposes. Be sure to consult the latest IRS rules and speak to a professional tax accountant if you have any questions.
Can I Change My Amazon Prime Account To A Business Account?
You can add Business Prime benefits to a personal account by subscribing to Business Prime Duo, but you’ll still need a Business account (see above).
To make changes, go to Amazon Business and use your Amazon-linked email address to log in.
You’ll need to look for a Business Prime logo in “Your Account” and click on this image. The next step in this process is to click on the link to “Manage” your membership and change its status.
How Do I Cancel Amazon Business Prime?
If you decide that this subscription isn’t right for your company or you can’t afford it, click the Business Prime logo in “Your Account”.
After that, click “Manage” and look for the “Cancel” option. Upon selecting this option, the system may ask you to confirm that you truly want to end your subscription.
Can I Get A Refund On My Amazon Prime Membership?
Some customers qualify for partial or full refunds when they quit, but you won’t be fully reimbursed if you used any of the membership benefits after paying the last fee.
This includes making any purchases that qualify for free shipping or special discounts.
Note that you probably won’t need to contact customer service to get the refund since the website instantly displays any refund amount upon cancellation.
What Is Amazon Business Prime Duo?
If you seek to combine the benefits of personal Amazon Prime with a commercial subscription, consider upgrading an existing Prime membership to Business Prime Duo.
This account is limited to a single business user, so it’s not ideal for a big company.
However, the upgrade costs $69 annually so you’ll spend $110 less than the cost of separate personal and commercial memberships.
Does Amazon Business Prime Include Video And Music?
Amazon Business Prime does not provide the entertainment features of a personal account, so you won’t gain access to Amazon Music, Prime Video or Prime Reading.
These benefits are replaced by work-oriented features like progressive quantity discounts and a service called Instant Customer Feedback.
Does Amazon Prime Business Include Whole Foods?
Unfortunately, commercial subscribers don’t qualify for the Whole Foods Market benefits that members with personal accounts can receive.
Additionally, Amazon has also phased out Amazon Fresh grocery deliveries for Business Prime users.
Note that you’ll still qualify for these and other personal benefits if you have a Business Prime Duo membership.
Conclusion: What Is Amazon Business Prime?
Amazon Business Prime is a commercial version of the online retailer’s well-known premium membership. It supplies some of the same benefits like Lightning Deals and fast delivery at no extra cost.
There are also separate business-oriented features that include progressive discounts, access to WorkDocs, and more detailed spending data.