Amazon is waiving inventory storage fees for a period of two weeks, which will apply to companies selling products in the United States, Canada, the United Kingdom, Germany, France, Italy, and more. Waving storage fees will help companies who are unable to sell normal amounts of the product due to COVID-19. The e-commerce giant also moved to pause repayments and interest and waived fees associated with Seller Account Management for the month of April.
Waiving inventory storage fees as a response to an e-commerce platform having to prioritize higher-demand items in response to changing demand from COVID-19. Amazon also had to stop accepting inbound shipments at fulfillment centers, for products that would not be considered as high demand items.
Overall Amazon is attempting to alleviate the financial burden placed on sellers while trying to prioritize the delivery of high-demand items.
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