Amazon trying to lend us our own money
In the late part of 2024 Amazon decided (without notice) to initiate the DEFERRED PAYMENTS penalty to our accounts. I posted some comments in the forum in this regard.
Shortly afterwards Amazon began offering loans to sellers to finance inventory purchases. These offers have intensified and the deferment periods of the payments seem to have gotten longer.
Is this a ploy to offer us our own money in the form of a loan?
Amazon trying to lend us our own money
In the late part of 2024 Amazon decided (without notice) to initiate the DEFERRED PAYMENTS penalty to our accounts. I posted some comments in the forum in this regard.
Shortly afterwards Amazon began offering loans to sellers to finance inventory purchases. These offers have intensified and the deferment periods of the payments seem to have gotten longer.
Is this a ploy to offer us our own money in the form of a loan?
4 replies
Seller_y7W9ccUlauftE
Those loan offers are from a third party lender (who has some access to AZ seller data to see who is a safe bet). Amazon does not make loans -- they used to in the USA, but stopped doing that.
Christine_Amazon
Hello @Seller_rHG3Ag4sXpee8
Christine here from Amazon Forums.
The loan offers you are seeing are actually from a third-party lender, not directly from Amazon. Amazon used to offer their own lending program in the US, but they have since discontinued that and now work with external lenders instead.
While it may feel like Amazon is trying to lend you back your own money, the third-party lender is making their own risk assessment and credit decisions. The terms and conditions of these loans are set by the lender, not by Amazon.
I would encourage you to carefully review any loan offers you receive - look at the interest rates, repayment terms, and understand any potential fees or penalties. Compare the offers to other financing options that may be available to you. Make sure you understand exactly what you're signing up for before accepting a loan.
Hope you have a great day !
Christine.
