Executed a "Perfect" sale, as scored by Amazon's system, and got my selling privileges removed and money held.
Please do not sell on Amazon. I am not a seller or online businessman in any way. I signed up for an Amazon seller account just to have an outlet to sell some of my hobby computer equipment as the need arose. We're talking maybe one listing a year here. Well the time came when I wanted to sell my older equipment, which may be an upgrade to someone else, and upgrade to a newer faster machine.
I listed the item and it sold within a week. The day it sold I received an email saying my item had sold and another one telling me my selling privileges had been removed. I took off work early and went to the post office to get the buyer his machine as quickly as possible. (The buyer was into the same hobby as me and we developed what has become a pretty regular email friendship around our mutual interests) I shipped the item next day delivery and entered the tracking number on Amazon. The buyer received the item next day and through email, I helped him get it up and running that very evening.
He left me a 5 star review and had nothing but great things to say in his feedback.
This sale was pretty much executed and wrapped up in three days with a great outcome for everyone involved. Except here I sit over 30 days later with my selling privileges still removed and the payment of funds from this sale still on hold. This was my first and only sale on Amazon and it went off perfectly. Nothing was done in violation of any policies and the buyer is happy as can be.
The most frustrating part is that, other than the email they sent me letting me know my selling privileges were removed, I have not been able to get any response what so ever out of Amazon. No reason why. No additional information requests. Nothing about what happens next or where we go from here.
Amazon has taken me out of my hobby since I have not been able to buy a new machine and wont be able to until they decide, if ever, to release my funds to me.
This is my take. Amazon is currently making use of the fee earned by them on this sale to operate their business. A buyer somewhere has a positive view of buying on Amazon because the sale reflects more on them than on me. They are earning interest on my more than 10000 dollar sum that they are sitting on. Then there's me. Who did everything by the book and is still left to suffer. But Amazon has a far larger mouthpiece than me so, chances are, no one will ever know about me.
Please steer clear of selling on Amazon. The unfortunate fact of the matter is that they could give a rats *** about you and your "business". Having been put in this situation and with no communication from them, I searched Google to try to gain an understanding of what was going on. I found horror stories of people who had good selling businesses suddenly shut down with no explanation. Usually they hold your money for 90 days. If selling on their site was your livelihood could you go 90 days with no payments? And with no explanation or justification? After 90 days, selling accounts are closed and you get your money but your business is over. Why put yourself in that situation?
Fortunately for me, I can wait to get my money without it being a financial burden but I can now only read about what others are doing in my hobby online and am not able to participate anymore. All for executing a perfect sale on Amazon.com.
Monetary Loss: $11750.