What are the steps for refunding Amazon deposit? How to open a store?

When some sellers decide not to continue operating an Amazon store, they will definitely ask Amazon to return the deposit. We know that it costs $39.9 per month to open a store on Amazon North America, and $50,000 on the Chinese site. So what are the steps for Amazon to return the deposit?

What are the steps for returning an Amazon security deposit?

If your seller account is frozen and Amazon has terminated the cooperation with you, you need to wait 90 days from the date of account freezing, then go to the seller backend, click "Contact Seller Support", select "Your Account" -> "Deposit Issues", and fill out the form to apply for a deposit refund.

To apply for a deposit refund for one of the categories (such as consumer electronics), please make sure the relevant items have been deleted. If you have FBA inventory, you need to create a removal order and ensure that it has been shipped. Wait 90 days from the time of closure, then click "Contact Seller Support", select "Your Account" -> "Deposit Issues", and fill out the form to apply for a deposit refund.

You want to close your Amazon account. After you complete the store closing process, wait 90 days from the time the last order was generated, then click "Contact Seller Support" -> "Your Account" -> "Deposit Issues" to apply for a deposit refund for this category.

How to open a shop?

1. Create an account and submit qualification materials. Fill in company information online and create an Amazon seller account after passing the qualification review. During the registration process, you need to submit company qualifications (a copy of the business license and the national tax registration certificate), as well as category and brand-related qualifications (click to view qualification requirements details) to complete the Amazon qualification review.

2. The qualification review will generally be completed within 3 working days after the materials are submitted, and we will notify you of the review results by email. At the same time, you can also log in to the seller platform to directly view the review results and detailed review opinions.

3. Submit a deposit. In order to maintain fairness and justice in the entire Amazon mall, ensure the long-term sustainable development of the mall and sellers' businesses, fundamentally implement the "authentic quality and excellent quality" business philosophy and enhance customer experience, Amazon implements a seller deposit policy.

4. According to the requirements of this policy, all sellers must confirm their acceptance of the letter of commitment published on the Manage Deposit page of the Seller Platform.

How well you do in opening a store on Amazon has a lot to do with the products and marketing methods you choose. Currently, Amazon is paying more and more attention to brand products. This is also something that sellers who have the conditions can pursue and understand the changes and trends of the Amazon platform.