Whether you’re a seasoned Amazon seller or just starting, you’ve probably heard of the Marketplace charge. But what is it, exactly? How much does it cost?
I’ll answer all those questions about the Amazon Marketplace charge and more in this post!
What Is The Amazon Marketplace Charge In 2023?
Merchants selling on Amazon.com are charged a 15% commission fee for every sold item as of 2023. This fee, known as the Amazon Marketplace charge, helps cover the costs of operating and maintaining Amazon’s site. Failure to pay Marketplace charges can result in suspension or banning from the Marketplace; therefore, paying outstanding fees is essential.
Keep reading below to learn everything you need to know about the Amazon Marketplace charge!
Why Are Amazon Marketplace Payments Charged?
Amazon Marketplace allows third-party sellers to sell new or used products via Amazon.
To sell products on Amazon, sellers must pay Amazon a commission for each sale, and this commission is known as the “Marketplace Charge.”
Typically, the Amazon Marketplace charge is around 15% of the total sale price but can vary depending on the product category. For example, the commission for selling books is only 5%.
In addition to the Amazon Marketplace charge, sellers are also responsible for paying shipping fees and any other applicable taxes.
Overall, these fees are necessary to cover the cost associated with the operation and maintenance of the seller’s Amazon Marketplace page.
How Do Sellers See What Amazon Marketplace Is Charging Them For?
Log in to your Amazon Seller Central account and navigate to the “Reports” tab to see how much you’ve been charged in Amazon Marketplace charges.
Then, select “Payments” from the drop-down menu. On the Payments page, you’ll see a list of all the payments that have been processed for your account.
Also, each payment will include the date, the amount, and a description of what the cost was for. Typically, the description will say “Marketplace commission fee.”
What Happens If Sellers Don’t Pay Their Amazon Marketplace Charge?
Amazon may suspend or close your seller account if you don’t pay your Marketplace charge, meaning you’ll no longer be able to sell products on Amazon.
To avoid this, keep up with your Marketplace charges and pay them on time. Also, if you’re having trouble paying a charge, contact Amazon customer service to discuss your options.
Why Are There Multiple Charges For The Same Amount On My Amazon Marketplace Account?
When sellers see multiple charges for the same amount on their Marketplace statements, they have likely made more than one sale when the charges were incurred.
Further, each time sellers make a sale on Amazon, they’ll be charged a Marketplace charge.
Why Is There A $1.00 Charge On My Amazon Marketplace Account?
Once a seller signs up for a Marketplace Account, Amazon will charge $1.00 to their account.
That said, this charge is a temporary hold that Amazon places on your account when you first sign up for a seller account.
Then, after the registration process has been completed and the account has been verified, this hold is released.
What Should Sellers Do If They See Duplicate Charges?
If you’re being charged twice for the same thing, you can contact Amazon customer service for help, and they can refund the duplicate charges and help you figure out why they occurred.
Why Did Authorization For My Credit Card Fail?
There are a few reasons why your credit card authorization might have failed.
For example, one of the most common reasons is that the billing address you entered doesn’t match the address on file for your credit card.
Still, other reasons can include an invalid credit card number or expiration date, insufficient funds, or a declined transaction.
Essentially, it’s best to contact your credit card issuer or Amazon customer service for help if you’re still having trouble.
How Can Sellers Recognize A Charge From Amazon Payments On Their Credit Card Statement?
Each credit card company has a unique identifier associated with Amazon Marketplace payments.
However, all Marketplace payments will usually be identified as paid to “AMZN.COM/PMTS.”
Why Does Amazon Marketplace Keep Charging Me?
When sellers continuously see charges from Amazon Marketplace on their bank statement or credit card, it’s because they have an outstanding balance with Amazon.
Therefore, to avoid suspension or closure of your seller account, it’s essential to pay your marketplace charges on time and in full.
How Can Sellers Stop Paying For Amazon Marketplace?
To stop paying for Amazon Marketplace, you’ll need to close your seller account, which you can do by contacting Amazon customer service and requesting that your account be closed.
Once your account is closed, you’ll no longer be charged the Amazon Marketplace charge.
If you see charges from Amazon Marketplace on your bank statement or credit card that you don’t recognize, it’s crucial to contact Amazon customer service right away.
Once contacted, they can help you figure out what the charges are for and how to resolve them.
If you’re an Amazon seller, it’s essential to stay on top of your Marketplace charges and pay them on time.
With that, failing to do so may result in suspension or closure of your account, which means that you’ll no longer be able to sell products on Amazon.
So, be sure to keep track of your charges and pay them when they’re due!