Here’s A Word Of Caution For All Amazon Marketplace Third-Party Sellers.
Amazon’s Two-Step Verification (2-SV) adds an extra layer of security to your account to safeguard you and other third-party sellers from continual hackers. As a result, the company currently does not welcome any changes to your bank account information; noncompliance will result in an amazon suspended account.
Sellers who had their amazon suspended account had to wait hours, if not weeks, to be reinstated. There are various reasons why you might want to change your bank account information, but delaying it for the period will benefit you. Closing your old account and opening up a new one can be disastrous, so avoid it.
While some sellers are ecstatic that they could successfully update their bank accounts with no negative consequences, a more significant percentage of them are now shedding tears over spilt milk. If your bank has conducted a system upgrade and your bank account number has been automatically changed, ask them if they can activate your new number once the dust has settled. Avoid letting Amazon notice a discrepancy in the bank account you’ve connected to your seller account or amazon suspended account without warning.
Amazon’s Additional Layer Of Security
- By enabling Amazon’s 2-SV in your Seller Central account, you’ll make it extremely difficult, if not impossible, for hackers to do their work.
- You can get the security code via email, text message, or a Google Authenticator app that you can download to your phone.
- Amazon encourages all sellers on their marketplace to enable 2-SV as soon as possible to protect themselves from any potential attacks.
- If you haven’t yet enabled 2-SV in your Seller Central account, go to the Amazon Help & Customer Service page and follow the instructions. You have to do an amazon suspension appeal.
A few sellers say the sign-up procedure was painless, while others say it was a nightmare. Your experience may be unique and worth sharing.
Protection For Amazon Suspension By Third-Party Sellers
- More so than product returns and cart abandonment, Amazon third-party sellers fear losing sales and access to their accounts if their amazon suspended account, regardless of whether the suspension is valid.
- This is especially true if you rely solely on Amazon for your income and don’t have an eCommerce site, a brick-and-mortar store, or a regular job to fall back on.
- When you are banned, it is as if you have lost a limb because you cannot charge for your daily expenses.
- Suspension of a third-party seller from Amazon can occur for various reasons, including late response or shipment, a high order defect rate, a high cancellation rate, and so on.
Also, there are painful instances where a seller is banned due to their competitor’s devious schemes rather than their own fault. Did you know that Amazon sellers are willing to pay large amounts of money in exchange for fake comments on their biggest competitor’s product? It’s a good thing you can take action now, thanks to Amazon suspension coverage provided by some insurance companies.