Amazon started as online book store and has grown to be the worlds largest online retailer.
FBA Liquidations fees waived to enable stock disposal in EU
Amazon are offering to help you avoid storage fees for products with low sell-through and create room for more productive inventory. They are waiving FBA Liquidations fees in Germany, Poland, the Czech Republic, France, Spain, and Italy through until the 7th of September 2021.
This may be a blessing in disguise for those who still have pre-Brexit stock in European FBA and have no way to repatriate it. Six months later, if it’s not yet sold and you’re unable to refresh with stock which can sell then FBA Liquidations may be the answer to write the stock off, get shot and at least recoup some cash to reinvest into the business.
FBA Liquidations allows you to remove overstock or customer-returned inventory and recover between 5% and 20% of the sales price. This is an estimate provided for general information purposes only and based on data at Amazon’s disposal at the time of this communication (such as sellers’ sales history, average FBA selling prices on Amazon, and the sales history of specific products). Amazon cannot guarantee that the recovered value will always be between 5% and 20% of the sales price of a specific product.
It’s worth pointing out that these percentages are based on the sale price, not your cost price. Whilst 5% to 20% might sound a small value, before you consider Amazon Liquidations check your original cost price of the goods as it should represent a much higher value. Regardless, if you have six month old product stuck in the EU that’s not selling at the very least you can draw a line under it and stop paying FBA fees.
To get started, select Liquidations when you create a removal order.
The fee waiver applies to any removal order that is submitted by 11:59 p.m. (CET) on the 7th of September 2021. Amazon previously announced that fees would be charged starting on the 8th of June 2021.
Finally it’s worth noting that FBA Liquidations is not available for inventory stored in the UK.