Inform Consumer ACT
🚨 Attention Amazon Sellers! 🚨
Are you aware of the INFORM Consumers Act? It's a crucial law in the US that directly impacts online marketplaces, including Amazon. Pay close attention if you conduct 200 or more transactions with $5,000 or more in revenue over a 12-month period - this law applies to you!
Ref: https://sellercentral.amazon.com/sell...
To comply with the INFORM Consumers Act, you'll need to provide specific details for verification purposes, which include:
1️⃣ Bank account numbers
2️⃣ Government ID
3️⃣ Tax ID
4️⃣ Contact information
Amazon requires certification of these details annually. Once you've completed the verification process, it may take up to 24 hours for the changes to reflect in Seller Central. If you encounter any issues or have questions, don't hesitate to contact Seller Support for assistance.
Non-compliance with this law can have severe consequences, potentially leading to account deactivation and withheld disbursements. 💼⚠️
Stay informed and ensure that you follow the guidelines set forth by the INFORM Consumers Act to protect your Amazon seller account and maintain a successful business!
By staying informed and adhering to the necessary requirements, you can safeguard your business and continue thriving as a successful Amazon seller!