Selling on Amazon in 2024 involves understanding various fees that can impact your profitability. Here’s an overview of all the Amazon fees you need to know about this year.
1. Selling Plans
Individual Plan: $0.99 per item sold.
Professional Plan: $39.99 per month, regardless of the number of items sold.
2. Referral Fees
Referral fees are a percentage of the total sale price (including item price and shipping, but excluding tax). This fee varies by category:
- Books, Music, Videos, and DVDs: 15%
- Electronics: 8%
- Personal Computers: 6%
- Amazon Device Accessories: 45%
- Clothing and Accessories: 17%
- Shoes, Handbags, and Sunglasses: 18%
- Jewelry: 20%
- Furniture: 15%
- Grocery and Gourmet Food: 8%
- Health and Personal Care: 15%
3. Fulfillment Fees
Fulfillment by Amazon (FBA) fees are based on the product’s size and weight.
Standard Size Products:
- Small (up to 12 oz): $2.50
- Large (12 oz to 1 lb): $3.31
- Small Oversize (1 lb to 2 lb): $4.71
Oversize Products:
- Medium (2 lb to 3 lb): $9.39
- Large (3 lb to 4 lb): $10.96
- Special Oversize (over 4 lb): $75.78 + $0.92/lb above the first 90 lbs
4. Storage Fees
Monthly Storage Fees (per cubic foot):
- January – September: $0.87 for standard size, $0.56 for oversize
- October – December: $2.40 for standard size, $1.20 for oversize
Long-Term Storage Fees:
- Items stored for over 365 days: $6.90 per cubic foot or $0.15 per unit, whichever is greater
5. Other Fees
Closing Fees:
- Media items (Books, DVDs, Music): $1.80 per item
Refund Administration Fees:
- Applicable when a refund is issued: Lesser of $5.00 or 20% of the referral fee
High-Volume Listing Fee:
- Applicable to non-media listings exceeding 2 million SKUs: $0.005 per SKU over 2 million
Rental Book Service Fee:
- For textbook rentals: $5.00 per rental
Conclusion
Understanding these fees is crucial for managing your Amazon business effectively in 2024. Be sure to factor them into your pricing strategy to maintain profitability.
For more detailed information, always refer to Amazon’s official fee schedule and updates.
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