Momentum: New Amazon Seller Suspension Cover from NAS Insurance
Dodge a bullet with this new Amazon insurance policy, covering financial loss, reinstatement expert expenses and even tax audits.
Amazon seller account suspensions are a common occurrence and can be devastating for the businesses affected.
You’ve probably heard the horror stories about honest, hard-working sellers losing access to their accounts and having their payouts frozen. Their loans have to be paid and day-to-day expenses mount up, while costly reinstatement experts help them battle Amazon to get their accounts back as quickly as possible. But it can be a slow process, and success is not guaranteed.
Now a new Amazon suspension insurance option has launched for U.S. sellers, from leading underwriter NAS Insurance Services. The new cover, called Momentum, covers financial loss up to $1,000,000, suspension appeal expenses up to $25,000, and tax audit expenses up to $2,500.
With rates starting as low as $250 annually, it makes sense for all Amazon sellers to seriously consider protecting their accounts before they have their own horror stories to tell.
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7 Steps to Pass Amazon’s New Invoice Verification Process
Amazon are applying a stringent new invoice verification process. Chris McCabe explains how it works so you can make sure you’ll pass.
This post is by Chris McCabe, a former Investigation Specialist for Amazon’s Seller Performance team and founder of ecommerceChris.com.
Amazon is asking sellers for invoices from their suppliers more often than ever.
These invoice requests can be triggered by a whole range of complaints around quality, authenticity and condition. Amazon will even ask for invoices before an item has made its first sale, if their algorithms decide that complaints are likely to come in the future.
Why is this happening? Amazon needs to protect the integrity of the marketplace, and prevent growing buyer fears of counterfeit products being sold on the site. They need to know it’s new, it’s safe, and you bought it from a legitimate supplier. It’s that simple.
When Amazon receive your invoices, they don’t just take a quick look then file them away. They really do verify them. They’ll make phone calls, send emails, check websites and more. Genuine invoices can be rejected if they don’t meet Amazon’s standards.
Here’s how to make sure that your invoices pass the verification process.
How to Start a Subscription Box Business Using Amazon and Cratejoy
We spoke with Sophie Howard about the subscription business model. Here’s how to leverage Cratejoy’s platform and Amazon’s market reach.
As competition on online marketplaces has become fiercer, more and more sellers are looking for a way out of the ecommerce rat race. The big question is, “How?”
One way is to start a subscription box business. In this model, sellers put together a selection of products which customers pay to receive automatically, every month.
Subscription boxes exist for a wide variety of products, from beauty and pet supplies to comics, food and drink. Customers can choose to receive a set selection of items each time, or have a surprise box, where the items are chosen for them.
We spoke to ecommerce entrepreneur Sophie Howard about the subscription box business. Sophie builds and sells her own brands, and is the founder of Aspiring Entrepreneurs, where she coaches online business owners.
We talked about why subscription boxes are an attractive business model, how to leverage leading platforms Cratejoy and Amazon, and the unique challenges that subscription business owners have to overcome.