🚨 Important Update: Amazon Fund Withholding Policy Changes

Effective October 9, 2024, Amazon is making some crucial updates to its Fund Withholding Policy. If you're an Amazon seller, this change is definitely worth your attention.

🔄 What’s New? The policy will now be called the “Funds Disbursement Eligibility Policy.” Why? It’s all about improving transparency around why and how funds may be withheld and, more importantly, how you can appeal for disbursements if needed.

Key changes include:

• Clearer communication on why funds might be withheld and how Amazon evaluates seller appeals.
• Sellers now have 60 days (instead of 90) to appeal after account deactivation. Time is literally money here! ⏳

This update shows that Amazon is taking steps toward greater accountability and clarity, which is always good for sellers.

However, it also means sellers must be more proactive in managing their appeals and understanding the policies impacting their business.

📝 Why it Matters: If you’ve ever dealt with withheld funds, you know how frustrating and stressful it can be.

This updated policy reflects tighter rules on seller compliance (to protect customers from counterfeit or fraudulent goods). Their renewed focus on combating deceptive practices signals a stronger commitment to maintaining trust across the platform.

For sellers, this update emphasizes the importance of remaining compliant and transparent in your operations.

So, if you’re navigating these waters, now’s the time to familiarize yourself with these new changes.