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Sellers’ Amazon loans at risk as company limits warehouses to essential goods – Source Reuters Tech News

NEW YORK/LOS ANGELES (Reuters) – Some Amazon sellers say the online retailer’s abrupt decision to stop receiving non-essential inventory in response to the coronavirus pandemic could strangle the sales they need to make payments on their Amazon loans.

FILE PHOTO: Amazon workers perform their jobs inside of an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., December 2, 2019. REUTERS/Lucas Jackson/File Photo

The challenge illustrates the power Amazon has over merchants whose businesses are heavily dependent on its marketplace.

A spokesman for Amazon told Reuters on Thursday that the company is working to provide relief to the selling community. He declined to provide specifics.

On Tuesday, Amazon said it would receive only vital supplies at its U.S., UK and other European warehouses until April 5, in an effort to save warehouse space for medical and household goods that are in high demand during the global coronavirus outbreak. Amazon is among the…

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Source Reuters Tech News

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