How to Change Ownership of Amazon Seller Account

Ownership transfer of an Amazon Seller Account is an important process that requires careful attention to details. Whether you are selling your Amazon business, transferring the account to someone else, or restructuring your operation, knowing how to transfer ownership of your seller account correctly will help you achieve a seamless transition and avoid disruption in your seller account.

In this post, we take you through a process of Amazon Seller Account Ownership change while touching all the fundamental aspects that will ease up the procedure effectively.

Why Change the Ownership of an Amazon Seller Account?

You may need to change the ownership of your Amazon Seller Account for several reasons, such as

– Selling Your Amazon Business: If you’ve built a successful Amazon business and wish to transfer ownership to a new owner.

– Changing Business Structure: Transferring the account to a different legal entity or individual due to business restructuring.

– Partnership or Exit Strategy: If your business partner is taking over the seller account or if you’re retiring and handing over the operations.

No matter the reason, Amazon has procedures for ensuring that these changes are valid and do not degrade the performance of the account.

The Amazon Seller Account Ownership Transfer Process

Amazon does not support an ownership “transfer” from a user to another user. However, there are a couple of ways whereby you can really change the ownership of an account. Here’s how:

Step 1: Business Information Update via Amazon Seller Central

The initial step in change of ownership will call for updating of business information about your account settings in Amazon Seller Central. There are two sub-steps on this step;

Business Name: Update business name to reflect either the new owner or legal identity

Tax Identification Number or TIN : Update to show the new owner’s details.

Bank Account Information: Update the bank account to which Amazon will send the payments.

To edit the necessary information, you will need to access the Settings tab in Seller Central, click Account Info, and then choose Your Seller Profile. Amazon Seller Experts know everything in detail.

Step 2: Update Email Address and Login Credentials

You will need to ensure that the sales account is updated with the new owner’s details, including the email address and login credentials, so that the new owner can access the account. Update your login details as follows:

1. Go to the Settings menu

2. Select Account Info then Login Settings

3. Update the email and password, and confirm any security settings.

Note : Change of your Amazon Seller Account Management registered email will always be reflected throughout all account’s important notifications sent to your newly changed registered email id associated with the change.

Step 3: To authenticate legitimacy in transferring the ownership to Amazon

There may arise requirements for presentation of some sort of documents or certificates to justify your claim.

In this list includes:

Identification Proof: That may include, government-issued ID, Passports or whatever valid identifications are allowed under the specific regulation.

Legal Documents: If the ownership transfer involves a business entity, Amazon may require legal documents like a bill of sale, partnership agreement, or certificate of incorporation.

You can submit these documents via the Performance Notifications section in Seller Central. Amazon will review the documents before granting approval for the changes.

Step 4: Contact Amazon Support

Once you’ve made the necessary changes and submitted your documentation, you’ll need to contact Amazon Seller Support to inform them of the ownership change. Provide them with:

The reason for the transfer of ownership.

– The name of the new account holder.

– Any supporting documents requested by Amazon.

Amazon will approve the changes and accept the transfer when all seems fine.

Support may sometimes ask for more details of a transfer based on what the transfer is meant to be for.

Step 5: Monitoring the Account

After processing the change of ownership is successful, watch the account by ensuring that all is working perfectly. This may include:

Payment Information Verification: Confirm that Amazon is paying the new bank account on file.

Sales and Performance Monitoring: Monitor your seller metrics to ensure that there are no issues with the performance of your seller account.

Account Health Notifications: Look for notifications from Amazon on account health and other issues.

Key Considerations When Changing Ownership of an Amazon Seller Account

Amazon Listing Experts can help optimize your product listings to increase visibility, enhance conversions, and drive sales on the Amazon marketplace.

Amazon’s Policies

Always check the Seller Policies and Agreements of Amazon before making ownership changes to ensure you are complying with their rules.

Potential Risks

There is always a risk of account suspension or penalties while transferring ownership, especially if Amazon detects any violations. Ensure that the account has a clean record before initiating the transfer.

Professional Help

In case you feel uncertain about the process or there is a problem, it’s a good idea to work with Amazon Seller Central experts who will help you with the process and help handle any issues that may occur.

Conclusion

Following the ownership transfer rules provided by Amazon, you can acquire an Amazon Seller Account without any interruption. Follow these best practices, and you can be sure that the transition will go through without a hitch and not affect your operations.

In case you are unsure or require professional help, you can reach out to an Amazon Seller Expert for invaluable support in making the process as efficient as possible.

Channel Supply Experts can assist you with managing your Amazon Seller Account and give Amazon FBA training, or simply optimize your Amazon listings if that is what you need.