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Seller_sSLONyYj6fB5S

Lending request

has anyone had problems receiving lending request

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Seller_sSLONyYj6fB5S

Lending request

has anyone had problems receiving lending request

Etiquetas:Seller Central
00
63 visitas
3 respuestas
Responder
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Seller_3RoLAuCqvb4QW
En respuesta a la entrada de Seller_sSLONyYj6fB5S

FORTUNE (magazine) Mar 6, 2024: Amazon will no longer underwrite loans for sellers in its $140 billion marketplace business

The increased uncertainty of business repayment ability” by sellers “necessitates higher inspection of our on–balance sheet credit/lending products,” noted the document viewed by Business Insider.

--------

Quite many sellers borrowing from Amazon either do not sell or sell at profit margin lower than loan rate. They watched too much Youtube ads and came to Amazon with a dream. When they woke, they are already a victim.

If Amazon did not know its third-party sellers' profit margin was low before, they should know that now.

10
user profile
Seller_3RoLAuCqvb4QW
En respuesta a la entrada de Seller_sSLONyYj6fB5S

Amazon spokesperson Deniz Sonmez confirmed the news in an email to Fortune.

“We regularly evaluate our programs and services, and have made the decision to discontinue term loans underwritten by Amazon for Amazon sellers in the U.S. and U.K.,” the spokesperson said in a statement. “This change will begin to take effect March 6, 2024.”

10
user profile
Topher_Amazon
En respuesta a la entrada de Seller_sSLONyYj6fB5S

Hi @Seller_sSLONyYj6fB5S as you may have already seen, I'm just tagging to confirm that Amazon Lending has made the decision to focus on third-party lending products and discontinue term loans underwritten by Amazon.

While term loans underwritten by Amazon will no longer be available, eligible sellers can explore a number of financing solutions from trusted third-party partners to help grow their business. You can check if you’re eligible to apply for these financing solutions by selecting Lending, on the Growth menu in Seller Central.

Topher

20
Sigue esta conversación para recibir notificaciones sobre la nueva actividad
user profile
Seller_sSLONyYj6fB5S

Lending request

has anyone had problems receiving lending request

63 visitas
3 respuestas
Etiquetas:Seller Central
00
Responder
user profile
Seller_sSLONyYj6fB5S

Lending request

has anyone had problems receiving lending request

Etiquetas:Seller Central
00
63 visitas
3 respuestas
Responder
user profile

Lending request

de Seller_sSLONyYj6fB5S

has anyone had problems receiving lending request

Etiquetas:Seller Central
00
63 visitas
3 respuestas
Responder
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Seller_3RoLAuCqvb4QW
En respuesta a la entrada de Seller_sSLONyYj6fB5S

FORTUNE (magazine) Mar 6, 2024: Amazon will no longer underwrite loans for sellers in its $140 billion marketplace business

The increased uncertainty of business repayment ability” by sellers “necessitates higher inspection of our on–balance sheet credit/lending products,” noted the document viewed by Business Insider.

--------

Quite many sellers borrowing from Amazon either do not sell or sell at profit margin lower than loan rate. They watched too much Youtube ads and came to Amazon with a dream. When they woke, they are already a victim.

If Amazon did not know its third-party sellers' profit margin was low before, they should know that now.

10
user profile
Seller_3RoLAuCqvb4QW
En respuesta a la entrada de Seller_sSLONyYj6fB5S

Amazon spokesperson Deniz Sonmez confirmed the news in an email to Fortune.

“We regularly evaluate our programs and services, and have made the decision to discontinue term loans underwritten by Amazon for Amazon sellers in the U.S. and U.K.,” the spokesperson said in a statement. “This change will begin to take effect March 6, 2024.”

10
user profile
Topher_Amazon
En respuesta a la entrada de Seller_sSLONyYj6fB5S

Hi @Seller_sSLONyYj6fB5S as you may have already seen, I'm just tagging to confirm that Amazon Lending has made the decision to focus on third-party lending products and discontinue term loans underwritten by Amazon.

While term loans underwritten by Amazon will no longer be available, eligible sellers can explore a number of financing solutions from trusted third-party partners to help grow their business. You can check if you’re eligible to apply for these financing solutions by selecting Lending, on the Growth menu in Seller Central.

Topher

20
Sigue esta conversación para recibir notificaciones sobre la nueva actividad
user profile
Seller_3RoLAuCqvb4QW
En respuesta a la entrada de Seller_sSLONyYj6fB5S

FORTUNE (magazine) Mar 6, 2024: Amazon will no longer underwrite loans for sellers in its $140 billion marketplace business

The increased uncertainty of business repayment ability” by sellers “necessitates higher inspection of our on–balance sheet credit/lending products,” noted the document viewed by Business Insider.

--------

Quite many sellers borrowing from Amazon either do not sell or sell at profit margin lower than loan rate. They watched too much Youtube ads and came to Amazon with a dream. When they woke, they are already a victim.

If Amazon did not know its third-party sellers' profit margin was low before, they should know that now.

10
user profile
Seller_3RoLAuCqvb4QW
En respuesta a la entrada de Seller_sSLONyYj6fB5S

FORTUNE (magazine) Mar 6, 2024: Amazon will no longer underwrite loans for sellers in its $140 billion marketplace business

The increased uncertainty of business repayment ability” by sellers “necessitates higher inspection of our on–balance sheet credit/lending products,” noted the document viewed by Business Insider.

--------

Quite many sellers borrowing from Amazon either do not sell or sell at profit margin lower than loan rate. They watched too much Youtube ads and came to Amazon with a dream. When they woke, they are already a victim.

If Amazon did not know its third-party sellers' profit margin was low before, they should know that now.

10
Responder
user profile
Seller_3RoLAuCqvb4QW
En respuesta a la entrada de Seller_sSLONyYj6fB5S

Amazon spokesperson Deniz Sonmez confirmed the news in an email to Fortune.

“We regularly evaluate our programs and services, and have made the decision to discontinue term loans underwritten by Amazon for Amazon sellers in the U.S. and U.K.,” the spokesperson said in a statement. “This change will begin to take effect March 6, 2024.”

10
user profile
Seller_3RoLAuCqvb4QW
En respuesta a la entrada de Seller_sSLONyYj6fB5S

Amazon spokesperson Deniz Sonmez confirmed the news in an email to Fortune.

“We regularly evaluate our programs and services, and have made the decision to discontinue term loans underwritten by Amazon for Amazon sellers in the U.S. and U.K.,” the spokesperson said in a statement. “This change will begin to take effect March 6, 2024.”

10
Responder
user profile
Topher_Amazon
En respuesta a la entrada de Seller_sSLONyYj6fB5S

Hi @Seller_sSLONyYj6fB5S as you may have already seen, I'm just tagging to confirm that Amazon Lending has made the decision to focus on third-party lending products and discontinue term loans underwritten by Amazon.

While term loans underwritten by Amazon will no longer be available, eligible sellers can explore a number of financing solutions from trusted third-party partners to help grow their business. You can check if you’re eligible to apply for these financing solutions by selecting Lending, on the Growth menu in Seller Central.

Topher

20
user profile
Topher_Amazon
En respuesta a la entrada de Seller_sSLONyYj6fB5S

Hi @Seller_sSLONyYj6fB5S as you may have already seen, I'm just tagging to confirm that Amazon Lending has made the decision to focus on third-party lending products and discontinue term loans underwritten by Amazon.

While term loans underwritten by Amazon will no longer be available, eligible sellers can explore a number of financing solutions from trusted third-party partners to help grow their business. You can check if you’re eligible to apply for these financing solutions by selecting Lending, on the Growth menu in Seller Central.

Topher

20
Responder
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