What is the use of EIN for Amazon stores? What are the advantages?

When people open a store on Amazon, they usually open some tools to assist in the operation and development of their store. After all, cross-border e-commerce itself is difficult to operate, and there are many such tools. So what is the use of EIN for Amazon stores?

What is the use of EIN for Amazon stores?

1. Amazon EIN accounts support the sale of pesticides, insecticides and related equipment. Currently, other accounts do not have this permission. If you are interested in these categories, you can register an EIN account.

2. Amazon EIN accounts are more resistant to bans. EIN accounts can avoid most of Amazon's robot scanning. Having an EIN account will basically not trigger the second review, and as long as the violation is not particularly serious, it will almost never be blocked. This is why service providers in the market are selling EIN accounts. However, if the EIN account is sold by a domestic service provider, you must understand it clearly, because many domestic service providers currently use accounts registered in the domestic environment. It is easy to trigger the second review after the account is obtained, but as long as it passes the second review, it will basically be safe. Only EIN accounts registered in the US environment will not trigger the second review and are safer. Many sellers with this type of account will choose to use US servers.

3. Amazon EIN accounts have a higher level. In the past two years, when Amazon allowed sellers to view the health status of accounts, sellers could see a column called Account Level in the report. The level of EIN accounts is gold, while other accounts are silver. It can be seen that this type of account has a higher level.

4. Amazon EIN accounts have Amazon's traffic support. According to the data obtained previously, after Amazon opened up the display of seller information, sellers with the support of American companies will gain more trust from buyers and also achieve higher product conversion rates.

5. Amazon EIN accounts can avoid taxes. Currently, Amazon has included third-party payment collection into the regulatory system, and the ways of tax evasion in domestic cross-border e-commerce have been gradually blocked. If you have an account registered with an EIN of a US company, you can reasonably avoid taxes, and you can also legally and reasonably obtain domestic tax refund subsidies. For sellers, it can instantly increase profit margins.

6. Amazon EIN account can save time and cost. At present, most states in the United States only need to file taxes once a year, and annual review only needs one time. If it is domestic, basically you need to file taxes once a month, and you need to find a service provider, which costs several thousand less. Compared with domestic bookkeeping and tax filing, the cost of foreign tax filing is lower.

EIN still has some auxiliary role for Amazon stores. When opening a store on Amazon, you should also know that competition on cross-border e-commerce platforms is also very fierce. You need to find ways to promote your store and products through some tools.

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