Steven Pope

My name is Steven Pope.

I'm the founder of My Amazon Guy.

This is a huge announcement with a very short time period.

And now they're just gonna pull out of your Amazon account.

This sucks for a variety of reasons.

It's penny pinching galore.

This is private equity getting profits out of Amazon.

This goes to show just they are thinking creatively about how they can get every fee imaginable out of Amazon sellers.

So why did this maybe come about?

Well, credit cards can be delayed payment 30 days.

Credit card points, that can add up.

That's a 2.1% or worse deal that they're having to pay MasterCard or Discover or Visa and all these other Amex players.

It's even worse, I suspect.

And so Amazon's like, well, we could just turn this off and make more money.

And since advertising is now their largest form of income that's easy for them to do, it just kind of made sense.

So this is the memo that they just released today.

Beginning April 15th, your advertising costs will automatically be deducted from your retail proceeds.

So instead of them getting paid in a 30-day rolling timeframe where they charge it and get paid from the credit card companies, now they're going to get it automatically from the payments out of your seller proceeds, which they also have like a 30-day hold on, seemingly.

It may not be that long, but it feels that way.

And so...