The privilege of selling on the largest online marketplace doesn’t come without a cost. Amazon fees are an inevitable aspect for both individual sellers and major companies, but are easy to deal with if you understand how they work and can incorporate them alongside your accounting.The two types of Amazon seller accounts are Individual and Professional. Individual sellers don’t pay a monthly subscription fee but pay $0.99 plus referral fees for each item they sell. Professional accounts pay $39.99 a month but with different referral fees. Referral fees are based on product category and selling price.In addition, a closing fee is applied to items in the media category (i.e. books, music, DVDs, movies, etc.). And if you use Amazon’s FBA fulfillment service, additional fees are included for items you ship out. Fulfilled by merchant (FBM) sellers still have to pay fees as well, but they are charged as a referral fee.All of these costs may sound like a challenge to keep track of, but it is essential that Amazon sellers take them into account when developing their pricing strategies. Algopix makes it easy for you to keep track of your Amazon fees by displaying detailed costs in a user-friendly format.
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