FBA reimbursements – is there more to recover?
Have you ever wondered how to unlock your FBA reimbursements? FBA reimbursements can be useful in turning negative into a positive. Especially for Amazon sellers that got negatively affected by the Coronavirus crisis. Recovering FBA reimbursements on Amazon is a great way for FBA sellers to grow their revenue.
Amazon provides an 18-month window period for sellers to audit all the FBA related transactions on their account. You are allowed to open Amazon Seller Support cases to get reimbursements under Amazon’s FBA reimbursement policy. There are a number of financial and logistical problems that an FBA seller can experience.
The number behind the FBA Reimbursements
The data of GETIDA, suggests that the discrepancy rate of products can range between 1%-3%. This means that for every 100 units shipped to FBA, between 1 to 3 units will get affected. On the other hand, this suggests something truly remarkable. This means that Amazon does an excellent job of handling the inventory of third-party sellers between 97%-99% of the time!
Amazon precision is amazing considering it is dealing with a gigantic scale of tens of billions of dollars worth of inventory. Ask any distributor if such an accuracy and precision level would satisfy them, and you will hear an overwhelming YES.
Nevertheless, if you are an Amazon FBA seller generating $1 million a year in FBA sales, your 1%-3% discrepancy rate can range between $10K-$30K in actual dollar value which is significant by any degree. It is your obligation as an Amazon seller to do everything you can to maximize your eligible FBA reimbursements.
Why do you deserve compensation from Amazon?
The FBA inventory of Amazon sellers can experience logistical discrepancies. A common discrepancy includes inventory lost during the initial FBA inbound receiving. Once in the FBA center, some inventory can get lost, damaged, destroyed, or disappear.
A major financial discrepancy that helps with cost reduction once resolved, is when Amazon incorrectly overcharges sellers on FBA pick and pack fees when shipping FBA orders to customers.
The reason is typically due to incorrect measurement of the weight and dimensions in Amazon’s data. After 90-days, the eligibility for this type of an FBA reimbursement expires. Therefore, today more than ever before, Amazon sellers need to keep auditing their Amazon FBA transactions every 90-days at the very least.
Amazon sellers must secure the maximum FBA reimbursements that they are eligible for under Amazon’s terms and conditions. If they don’t, they experience a double loss.
The first type of loss is the cost of inventory. Meaning that cost a seller paid to source an item. The second type of loss is the loss of profits. The reason is that Amazon essentially “buys” the affected inventory from the seller as if the product sold on the platform. For most Amazon sellers, the price of selling products on Amazon usually includes a profit.
Therefore, if you recover the maximum FBA reimbursements you are eligible for, you will shift the double minus momentum into a double plus momentum. In this case, you will be able to enjoy the added liquidity of cash that you will receive from the FBA reimbursements that will recover your cost of goods and your profits.
Whether you have never audited your account, or already have an Amazon FBA auditing process put into place, or just rely on Amazon to auto-reimburse your account, you owe it to your business to reach out to a professional FBA auditing service such as GETIDA.
The reason is that GETIDA charges a recovery fee only from successful FBA reimbursements. If no reimbursement secured, there is no cost. Every very dollar of recovery is a pure value add for your business, especially in these difficult times.
In fact, signing up with GETIDA is free and takes 3 minutes. You will get instant access to a free dashboard that will provide you with data analytics and visibility into your Amazon account. The dashboard will also give you a free estimate of how much FBA reimbursements potential you can recover on your account.
If you wish to unlock these FBA reimbursements, you can upgrade your account to GETIDA’s FBA recovery service and reap all the benefits of maximizing your eligible FBA reimbursements.
GETIDA & Juicer.Deals
GETIDA has partnered with Juicer.Deals to help Amazon FBA sellers get access to more funds. Simply click on GETIDA and you will get the first $400 in reimbursements free of charge. We hope that this helps your business needs during this challenging time.
Good luck, and stay safe and healthy out there!