Amazon Announces Expansion of FBA New Selection Benefits for Sellers
Amazon Boosts FBA New Selection Program with Enhanced Benefits for Sellers
By ChannelMAX Staff Writer
Mar-2024#04
By Staff Writer
Amazon has officially unveiled an expansion of benefits under its Fulfillment by Amazon (FBA) New Selection program, effective March 1, 2024. This strategic enhancement aims to facilitate an easier and more beneficial process for sellers launching new products on the platform. Below, we detail the key improvements that Amazon sellers can anticipate.
Rebate on Sales
Average 10% Rebate: Amazon continues its commitment to supporting sellers by offering an average 10% rebate on sales of eligible new-to-FBA parent products. Notably, this now includes rebates for eligible non-branded selection.
Expanded Eligibility: The rebate now covers up to 50 units for eligible non-standard size items and up to 100 units for eligible standard-size items, with the rebate period lasting 120 days from the first inventory-received date.
Enhanced Benefits for More Units and Extended Days
Amazon has made significant changes to the benefits for all eligible non-standard size products:
Increased Unit Limits: Storage, liquidation, and rebate benefits are now applicable for up to 50 units per parent ASIN, a noticeable increase from the previously allowed 30 units (excluding apparel and shoes).
Extended Benefit Duration: Storage and rebate benefits duration has been extended to up to 120 days per parent ASIN from the first inventory-received date, up from the previous 90 days (excluding apparel and shoes).
Lowered IPI Score Requirement for Program Eligibility
In an effort to make the FBA New Selection program more accessible, Amazon has lowered the Inventory Performance Index (IPI) score required for eligibility to 300 or higher from the previous requirement of 400. Sellers who have not yet been assigned an IPI score are also encouraged to enroll in the program and enjoy its benefits.
Amazon has promised to announce additional updates to the program, including a discount on Vine enrollment fees later in the year. Sellers are advised to stay tuned for these updates to leverage the full range of benefits offered by the FBA New Selection program.
For more detailed information on the program and its expanded benefits, sellers can visit the FBA New Selection page on Amazon's Seller Central platform.
Also Read: Amazon EU Gears Up for Its Annual Spring Sale in Europe
About FBA New Selection Program
The Fulfillment by Amazon (FBA) New Selection Program is designed to support sellers on Amazon by offering a suite of benefits aimed at easing the introduction of new products to the marketplace. This program provides incentives such as rebates on sales, extended storage benefits, and reduced eligibility requirements for the Inventory Performance Index (IPI) score, making it more accessible for a wider range of sellers.
Specifically, it offers an average 10% rebate on sales for eligible new-to-FBA products, including non-branded selections, with expanded eligibility for more units and longer benefit durations. Additionally, the program has reduced the IPI score needed for participation, further lowering the barrier to entry for sellers looking to launch new products.
Follow us on Facebook, X and LinkedIn to get the latest news and updates related to online selling.
By ChannelMAX Staff Writer
Mar-2024#04
By Staff Writer
Amazon has officially unveiled an expansion of benefits under its Fulfillment by Amazon (FBA) New Selection program, effective March 1, 2024. This strategic enhancement aims to facilitate an easier and more beneficial process for sellers launching new products on the platform. Below, we detail the key improvements that Amazon sellers can anticipate.
Rebate on Sales
Average 10% Rebate: Amazon continues its commitment to supporting sellers by offering an average 10% rebate on sales of eligible new-to-FBA parent products. Notably, this now includes rebates for eligible non-branded selection.
Expanded Eligibility: The rebate now covers up to 50 units for eligible non-standard size items and up to 100 units for eligible standard-size items, with the rebate period lasting 120 days from the first inventory-received date.
Enhanced Benefits for More Units and Extended Days
Amazon has made significant changes to the benefits for all eligible non-standard size products:
Increased Unit Limits: Storage, liquidation, and rebate benefits are now applicable for up to 50 units per parent ASIN, a noticeable increase from the previously allowed 30 units (excluding apparel and shoes).
Extended Benefit Duration: Storage and rebate benefits duration has been extended to up to 120 days per parent ASIN from the first inventory-received date, up from the previous 90 days (excluding apparel and shoes).
Lowered IPI Score Requirement for Program Eligibility
In an effort to make the FBA New Selection program more accessible, Amazon has lowered the Inventory Performance Index (IPI) score required for eligibility to 300 or higher from the previous requirement of 400. Sellers who have not yet been assigned an IPI score are also encouraged to enroll in the program and enjoy its benefits.
Amazon has promised to announce additional updates to the program, including a discount on Vine enrollment fees later in the year. Sellers are advised to stay tuned for these updates to leverage the full range of benefits offered by the FBA New Selection program.
For more detailed information on the program and its expanded benefits, sellers can visit the FBA New Selection page on Amazon's Seller Central platform.
Also Read: Amazon EU Gears Up for Its Annual Spring Sale in Europe
About FBA New Selection Program
The Fulfillment by Amazon (FBA) New Selection Program is designed to support sellers on Amazon by offering a suite of benefits aimed at easing the introduction of new products to the marketplace. This program provides incentives such as rebates on sales, extended storage benefits, and reduced eligibility requirements for the Inventory Performance Index (IPI) score, making it more accessible for a wider range of sellers.
Specifically, it offers an average 10% rebate on sales for eligible new-to-FBA products, including non-branded selections, with expanded eligibility for more units and longer benefit durations. Additionally, the program has reduced the IPI score needed for participation, further lowering the barrier to entry for sellers looking to launch new products.
Follow us on Facebook, X and LinkedIn to get the latest news and updates related to online selling.
Disclaimer:
Amazon is the registered trademark of the e-commerce brand.
About ChannelMAX.NET:
ChannelMAX offers Amazon Repricer that runs on the latest AI Repricing algorithm to do Amazon Pricing Management or Amazon Repricing. Based on Amazon SP API, the repricing engine or repricer runs 24/7 and efficiently manages Amazon prices to maximize your BuyBox with profit optimization. Established in 2005, ChannelMAX has been integrated with Amazon technology since 2007, helping thousands of third-party sellers on various eCommerce platforms. Some of the eCommerce platforms, aka marketplaces, supported by ChannelMAX.NET, are Amazon, Walmart, eBay, and Shopify. Some of ChannelMAX key offerings include ChannelMAX Amazon Repricer, 2ndly, ChannelMAX Amazon FBA Audits and FBA Refunds management, an offering for managing Amazon FBA Refunds Reimbursement management for lost or damaged or misplaced inventory for which Amazon is responsible and for which sellers deserve appropriate credit reimbursement from Amazon. ChannelMAX Services offer Remote (aka Virtual) Full-Time eCommerce Assistant to help 3P sellers run their daytoday business.
Check ChannelMAX at Amazon Selling Partner Appstore, an application with a 5 star rating.
Amazon is the registered trademark of the e-commerce brand.
About ChannelMAX.NET:
ChannelMAX offers Amazon Repricer that runs on the latest AI Repricing algorithm to do Amazon Pricing Management or Amazon Repricing. Based on Amazon SP API, the repricing engine or repricer runs 24/7 and efficiently manages Amazon prices to maximize your BuyBox with profit optimization. Established in 2005, ChannelMAX has been integrated with Amazon technology since 2007, helping thousands of third-party sellers on various eCommerce platforms. Some of the eCommerce platforms, aka marketplaces, supported by ChannelMAX.NET, are Amazon, Walmart, eBay, and Shopify. Some of ChannelMAX key offerings include ChannelMAX Amazon Repricer, 2ndly, ChannelMAX Amazon FBA Audits and FBA Refunds management, an offering for managing Amazon FBA Refunds Reimbursement management for lost or damaged or misplaced inventory for which Amazon is responsible and for which sellers deserve appropriate credit reimbursement from Amazon. ChannelMAX Services offer Remote (aka Virtual) Full-Time eCommerce Assistant to help 3P sellers run their daytoday business.
Check ChannelMAX at Amazon Selling Partner Appstore, an application with a 5 star rating.