Seller Wallet - Another Stellar Rollout by Amazon

https://sellercentral.amazon.com/seller-forums/discussions/t/9ca471dc-92dd-4cbd-9a88-cb28b376a9af?ref=forums_sc_homepage_9ca471dc-92dd-4cbd-9a88-cb28b376a9af&communicationDeliveryId=8f46cb37-2551-43eb-9c2f-1072687ebaa9

Seller Wallet - Money Stuck

I used seller wallet for the first time today money went to it fine, problem is I can’t transfer it out to my bank account it fails everytime.

I now cannot get my money out of seller wallet.

HELP!

You gotta be kind of stupid to give Amazon more control of your funds than they already have.

Perfect Response so a solution for you! :laughing:

I thought this was a pretty new program but just saw another thread that said they had $158K stuck in Amazon’s black hole wallet for months.

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It is fairly new; it was originally announced in the 25Jun22 News Headline Amazon Seller Wallet: a new way to manage and transfer funds from Seller Central (link).

As was predicted by many in the Headline-accompanying OSFE thread (link, NSFE URL) of that same date, by all available lights it continues to be…problematic.

Sellers that have that much money being held by Amazon are always :triangular_flag_on_post::triangular_flag_on_post::triangular_flag_on_post:

You: OK, Amazon, hold my wallet for me.
Amazon: Sure!
You: Now, give me my wallet back.
Amazon: What wallet?

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Hmmm… Do you have invoices proving how you sourced those twenties? If not, they are counterfeit. Sorry Charlie.

Fully agree with the concept of keeping Amazon at arm’s length (at least) whenever possible.

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Seller wallet is an even worse idea to get involved with then taking a loan from Amazon. I thought nothing could top that.

Right… Borrow money from the place you do business with and that’s the same place that can shut down your business in a heartbeat for no reason. Coincidently, this same place is the place you make the money from to pay back the loan.

Stellar idea.

2 Likes