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This can be solved by requiring higher-risk merchants to put money in escrow for a while (maybe an initial amount plus some fraction of revenue). If they turn o
by jeffdavis 10y ago
This can be solved by requiring higher-risk merchants to put money in escrow for a while (maybe an initial amount plus some fraction of revenue). If they turn out to be selling counterfeits, amazon could use the money to set things right. Otherwise the merchant gets the money.
- stordoff 10y agoDon't Amazon already do this? IIRC from the few things I have sold on Amazon, I had to wait 2-4 weeks after an order for the money to be paid into my bank account.
- ikeboy 10y agoYes. For the first six months after you start selling there's a two week reserve (plus the standard settlement wait). Every time you have a significant increase in sales they'll apply a reserve and monitor your metrics before removing it.
- joelthelion 10y agoI think the main problem is that Amazon is making no real effort to fight it,not that solutions don't exist.