Amazon increases fees for third-party traders
'Marketplace' traders in the UK and major European markets to be hit by fee hikes of up to 70% after Easter, following similar rises in the US.
Trader fees on millions of electronic accessories listed on Amazon – including popular items such as memory cards, headphones and printer cartridges – will jump from 7% to 12% for the busiest traders in the UK and four other major European markets from 4 April, just after the Easter weekend.
The fee increases – which in some cases amount to as much as 70% – have left traders furious, although none are prepared to go on the record because they are concerned about how Amazon will respond.
What the UK government should be doing is looking at ways to generate competition and set up locally run Amazon type operations.