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Tag: Amazon merchants


Amazon Merchants Hit by Extensive Six-Month Fraud

09

May 2019

Amazon Merchants Hit by Extensive Six-Month Fraud

Amazon.com Inc. was hit by an “extensive” fraud, revealing that unidentified hackers were able to siphon funds from merchant accounts over six months last year. Amazon believes it was the victim of a “serious” online attack by hackers who broke into about 100 seller accounts and funneled cash from loans or sales into their own bank accounts, according to a U.K. legal document. The hack took place...

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Amazon ousted thousands of merchants with no notice — showing the danger of relying on the shopping platform

12

Mar 2019

Amazon ousted thousands of merchants with no notice — showing the danger of relying on the shopping platform

Thousands of merchants that sell on Amazon woke up to a rude surprise Monday morning, March 4: a message that Amazon was no longer placing orders for their products and, in some cases, that their account was being shut down. The out-of-nowhere move left some vendors reeling, searching for answers on why their business with Amazon changed drastically overnight. In some instances, these vendors —...

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