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-   -   Amazon holding funds on suspended accounts is now illegal (https://www.aspkin.com/forums/amazon/141620-amazon-holding-funds-suspended-accounts-now-illegal.html)

degsey69 01-23-2021 02:08 PM

Amazon holding funds on suspended accounts is now illegal
 
Amazon Business Solutions Agreement Allowing Confiscation of Seller Funds Held Unenforceable

Washington Arbitrator rules section 2 of Amazon’s Business Solutions Agreement, allowing Amazon to indefinitely withhold funds in its discretion in cases of alleged product inauthenticity is an adhesion contract and not enforceable.

Amazon Sellers Attorney, a lawyer-supervised suspension appeal service, announced today that a Washington arbitrator has held section 2 of Amazon’s Business Solutions Agreement, which allows Amazon (AMZN) to hold funds indefinitely if they suspect the third-party seller sold inauthentic products, is not enforceable and ordered Amazon to release the third-party seller’s funds.

To read more the link is below

https://www.webwire.com/ViewPressRel.asp?aId=269212

agent006140 01-23-2021 03:23 PM

Re: Amazon holding funds on suspended accounts is now illegal
 
so how long can AMZN hold on to the fund/

SaiJin 01-23-2021 04:15 PM

Re: Amazon holding funds on suspended accounts is now illegal
 
But does this mean amazon can't really hold funds indefinitely anymore or is that just a 1 time thing for that specific seller?

dano 01-23-2021 04:36 PM

Re: Amazon holding funds on suspended accounts is now illegal
 
They are the law, unfortunately

Zwill 01-23-2021 05:11 PM

Re: Amazon holding funds on suspended accounts is now illegal
 
This is a one time ruling, they will still steal your money for now

e2free 01-23-2021 08:51 PM

Re: Amazon holding funds on suspended accounts is now illegal
 
Here you go its all over

Warning external link
http://chng.it/Lq88YxyvCQ

degsey69 01-23-2021 09:09 PM

Re: Amazon holding funds on suspended accounts is now illegal
 
It means that if you have a sizable amount seized by Amazon and you go into arbitration you have a good chance of getting all your money back citing the principles of this case. If everyone did this Amazon will release funds before arbitration as they will not want cases using the adhesion contract to win and build up against them.

Adhesion contracts are very common, such as mortgage contracts, vehicle financing and cell phone contracts use this. One that you can not negotiate, to make it legal it needs to adhere to state laws in all 50 states.

Amazon seizes goods and funds if they suspend your account and claim that your selling inauthentic product has harmed their company. Where they fall down when challenged is that they have to prove monetary losses because a seller sold claimed inauthentic product and they can not and that makes that part of the adhesion contract null and void if they use it against you.

Porsche032 01-24-2021 02:34 PM

Re: Amazon holding funds on suspended accounts is now illegal
 
Maybe ill finally get my 200k


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