Amazon is a selling giant in online shopping where every individual dream of becoming a successful seller. However, registering one’s products on Amazon as a seller needs a complete process to be followed. On the other hand, there are many other things that one must be aware of before selling on Amazon, and among those, the most important is the rate charged by Amazon for trading on its platform.
When you create a new seller account on Amazon, you can choose any of the two available options –individual seller account or professional seller account.
CHARGE FOR INDIVIDUAL SELLER ACCOUNT ON AMAZON
If you create an individual seller account, it is offered free of cost by Amazon. The only charge you need to pay is an amount of $0.99 for every product you sell on Amazon. Additional referral fees and variable closing fees also need to be paid by individual sellers on every Amazon sale. However, those with separate seller account don’t have the benefit of selling products in restricted categories, using amazon’s advertising services, running promotions, create listings in bulk, and set shipping rates. They also can’t create new product detail pages or change the existing ones.
There is no upfront cost charged for the selling point of an individual account.
CHARGE FOR PROFESSIONAL SELLER ACCOUNT ON AMAZON
You are charged $39.99 every month for a professional seller account apart from some additional referral fees and variable closing fees added for every sale. However, those with professional seller account are not charged the extra amount of $0.99 per item sold. Not only this, but the professional account sellers also get additional advertising features, the facility to get in-depth inventory reports and run promotions, apart from various other benefits
POINT TO REMEMBER
The point to note is whether you have an individual seller account or a professional one, Amazon collects a referral fee on each sale. It depends on the product category and is calculated as a percentage of the total transaction.
The Amazon individual seller account is the basic seller plan, and it will be cost-effective if you sell less than 40 products in a month. The best part of this is the pay-as-you-go model, ensuring that you don’t spend any extra money. When you start selling more than 40 products regularly, you can opt for a professional selling plan.
You can switch between professional and individual selling plans whenever you wish to. However, it’s important to remember that the monthly charge, $39.99 for a professional selling plan, is non-refundable and will not be returned if you switch back to an individual selling plan. If you have any other doubts, you can always connect with the Simpl Fulfillment team to further guide you.
Learn more: Amazon FBA Fees-a Complete Guide