Author Topic: Amazon Services LLC (beta)  (Read 763 times)

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Southern Jewel's Fab Finds

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Amazon Services LLC (beta)
« on: December 10, 2017, 10:13:14 AM »
I received an email from Amazon (yes I checked headers) yesterday that took me aback.
It stated my payment was on the way.
Wuhhhhht?
Payment drop amount was not the same as my seller dashboard.
Payment drop date was off.
Got with Amazon and they validated it was a legit payment drop.
I questioned it and received screenshots and a much more in depth explanation.

Amazon Services LLC (beta)
Business to Business sale by Amazon and is processed separately by Amazon.
The disbursement date may also be on a different date than your regular disbursement.
Amazon Services LLC makes the payments for transactions in which buyers agree to pay after the shipment of goods or completion of services."

I don't remember signing up for this or if I was given an opt out instead of a sign up.
I'm usually on top of these types of emails that are sign up for this service or opt out.




Southern Jewel's Fab Finds

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Re: Amazon Services LLC (beta)
« Reply #1 on: December 11, 2017, 08:52:22 AM »
Update:

I understand that you want to know more about the Amazon Services LLC (beta) tab how some Business Buyers use a different disbursement cycle than your regular disbursement cycle and also if Amazon signed you up for this.

The reason to this is that Certain orders from business customers need to be recorded by Amazon under separate legal entities (Amazon Payments Inc. and Amazon Services LLC), so these transactions are displayed separately. You will continue to be paid in the bank account you have designated. Any orders reflecting under the Amazon Services LLC payments tab are orders in which an approved business buyer purchased an item and paid by invoice.

Invoices have payment terms (such as net 30), which determine the due date of the invoice (30 days after invoice date in case of net 30). Amazon credits sellers on their Selling on Amazon account for these orders when the buyer has paid the invoice.

Furthermore, Amazon supports the risk and pays sellers in case buyer payment has not been received 7 days past the due date of the invoice. You will continue to receive payments based on your current payment cycle.

For example, if you are on a 14-day cycle and you receive an order on January 1, the payment for this order will be initiated on January 15. However, since the cycle is based on when the orders are placed by the customer, the payments from these two different entities (Amazon Payments Inc. and Amazon Services LLC) may land on different days.

WayOutWest

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Re: Amazon Services LLC (beta)
« Reply #2 on: December 16, 2017, 02:35:10 PM »
Had no idea we were (essentially) giving businesses Net30 in the B2B marketplace.

Southern Jewel's Fab Finds

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Re: Amazon Services LLC (beta)
« Reply #3 on: December 16, 2017, 04:11:06 PM »
Hubby and I were still talking about this yesterday.
Amazon can sell to one of my items to one of these buyers.
Not get a dime for my item to pay me for it.
And I have to wait in the hopes that they pay a 30 day invoice.

uncleleroy

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Re: Amazon Services LLC (beta)
« Reply #4 on: December 19, 2017, 08:26:09 PM »
This explains the other "payment transfers" that do not fall on regular disbursement days/times.

Makes me want to re-think whether I want to be b2b

Southern Jewel's Fab Finds

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Re: Amazon Services LLC (beta)
« Reply #5 on: December 22, 2017, 04:15:27 PM »
You're going to be factored into the B2B no matter what come January.
I argued this with them and was told...Oh well, it's automatic come January.
<sigh>

uncleleroy

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Re: Amazon Services LLC (beta)
« Reply #6 on: December 23, 2017, 11:43:01 AM »
You're going to be factored into the B2B no matter what come January.
I argued this with them and was told...Oh well, it's automatic come January.
<sigh>

Oh joy. Merry Christmas and Happy New Year to me.

<sarcasm fully intended>

Southern Jewel's Fab Finds

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Re: Amazon Services LLC (beta)
« Reply #7 on: December 24, 2017, 01:06:09 PM »
I'm mentoring a new seller.
Four months and it's her first holiday season...she survived!
HA!

She mentioned that an erroneous credit came through and didn't know what it was for.
Yep.
The B2B credit.

I believe it will hit more often come the New Year.


  

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