Amazon US Fee Changes for 2024: The Ultimate Calendar
Jan 29, 2024
As we step into 2024, it's crucial for Amazon sellers to stay informed about the latest fee adjustments introduced by Amazon. These changes can significantly impact your business strategy and profitability. In this article, we'll provide a chronological overview of the major fee changes for 2024.
January 15, 2024: Referral Fee Reduction for Apparel Products (see full Amazon Seller Central article)
Reduction in referral fees for apparel products priced below $20:
Referral fees decreased from 17% to 5% for items priced under $15.
Referral fees decreased from 17% to 10% for products priced between $15 and $20.
February 5, 2024: 2024 FBA Fee Rates & Other Fee Increases (see full Amazon Seller Central article)
Introduction of Fulfillment Fee Discount for SIPP Program:
Fulfillment fee discount ranging from $0.04 to $1.32 for eligible products.
2024 FBA Fee Rates with New Product Size Tier Changes:
Introduction of more granular rate cards for standard size products, leading to small increases in fees
Introduction of new Large Bulky and Extra-Large size tiers.
Increased Removal and Disposal Fees:
Increased removal and disposal fees due to the increased costs of these services
Liquidation fees remain unchanged.
Increased Prep Service Fees:
Bubble wrap for standard size products will increase by $0.24 (+30%)
February 15, 2024: Increased Long Term Storage Fees (see full Amazon Seller Central article)
Increase the aged inventory surcharge
Aged Inventory Surcharge for inventory stored between 271-365 days will increase by ~$1.70 (+40%)
March 1, 2024: Inbound Defect Fee and Inbound Placement Service Fee Introduction (see full Amazon Seller Central article)
Introduction of Inbound Defect Fee:
Fee for shipments that deviate from the shipment plan
Introduction of Inbound Placement Service Fee:
New fee that applies to standard and large bulky-sized products to reflect the cost of distributing inventory to FCs close to customers
Fees averaging $0.27 per unit for standard-sized products.
Fees averaging $1.58 per unit for Large Bulky-sized products.
April 1, 2024: Monthly Storage Fee Adjustment and Low Inventory Fee Introduction (see full Amazon Seller Central article)
Reduction in Non-Peak Monthly Storage Fees:
Average reduction of $0.09 per cubic foot.
Introduction of Low-Inventory-Level Fee:
Fee applies to sellers with consistently low inventory levels (below 4 weeks of coverage)
Fee can be avoided by maintaining more than four weeks of inventory.
April 15, 2024: FBA Fulfillment Fee Rate Adjustment (see full Amazon Seller Central article)
Decrease in FBA Fulfillment Fee Rates:
Average reduction of $0.20 per unit for standard-sized products.
Average reduction of $0.61 per unit for Large Bulky-sized products.
Additional $0.77 discount on per-unit fees for products priced below $10 (replaces FBA Small & Light Program)
June 1, 2024: Returns Processing Fee Expansion (see full Amazon Seller Central article)
Expansion of Returns Processing Fee:
Applies to high return-rate products in all categories, excluding apparel and shoes.
Addresses operational costs of returns and reduces waste.
Staying informed about these fee changes is essential for you to maintain profitability in 2024. 3fin is here to help you better understand and plan for these adjustments, making sure you stay profitable despite Amazon’s fee increases. You can book a demo to see 3fin in action here.
