Hello Amazon Sellers,
I'm reaching out to share my recent frustrating experience with Amazon's handling of our account funds. We received a VAT bill from Amazon for our UK account, which we promptly paid. According to Amazon, the funds were supposed to be released 10 days after payment. However, it has now been almost 30 days since we paid the VAT bill, and our funds are still on hold.
To provide some context, our Amazon UK account was on hold for over two months due to the outstanding VAT tax. Consequently, Amazon placed a hold on the disbursement of funds from our US account, citing the UK account's issues. I find this situation to be incredibly unfair and frustrating for several reasons:
1. **Distinct Legal Entities**: The US and UK accounts are separate legal entities. Any problems should be addressed within the specific account in question. It seems unreasonable to penalize our US account for an issue that solely pertained to the UK account.
2. **Prompt Payment**: We paid the UK VAT bill on 05/01/2024, yet the hold on our funds persists well beyond the promised 10-day release period.
3. **No Issues with US Account**: Our US account has no tax issues or any other problems. It is operating compliantly, yet it is unfairly impacted by the UK account situation.
This has significantly affected our business operations. Our funds being withheld has created cash flow challenges and hindered our ability to manage our inventory and meet customer demands.
I am seeking advice or similar experiences from other sellers who might have faced this issue. How did you resolve it? Any tips on escalating this matter effectively within Amazon?
Thank you for your time, and I look forward to any suggestions or insights you might have.
Best regards,