I recently sold merchandise on Amazon for an amount over $900.00, and as a seller I neglected to read their policies on Disbursements. I was unaware as a seller I was required to wait a minimum of 14 days for payment to my bank account. This was unfortunate however I waited the requisite 14 days and then following that amount of time I still had no disbursement to my account.
The gentleman I sold the merchandise to had received it by 5/20/08 after my sending it on 5/16/08. On 6/4/08 as I stated I was still waiting.
Upon contacting an Amazon Rep I was informed since it was a "large" amt deposited it was placed on hold pending a review and I could expect a response in 15-30 days. This was following the 14 day waiting period. She also informed me if I had any further merchandise to continue selling. This is unacceptable, if I had a large volume of sales it would be worse, but I sold only 1 unit.
I was counting on those funds (my big mistake) and now I am looking at possible NSF action against my B of A account. How can a company who looks out for their "bottom line" and I'm sure demands payments in a reasonable amount of time, choose to make payments to their sellers in a certainly less than reasonable fashion?
0 comments