Amazon Announces a 20% Fee Increase for Prime Members!

By Li Chen

Today, Amazon announced an increase in prime member fee from $99/yr to $119/yr (20% increase), effective for new members as of May 11th and for current members on June 16th.

This is the first increase in Prime member fees in the past 4 years. Amazon said the cost on their side to maintain the program has increased significantly and forced them to increase the price.

Amazon currently has 100 million members across the world, and this increase will boost the company's revenue by $2 billion a year.

So, if you are a Prime member, will you continue the subscription?

Related Posts

Refinery29’s 2020 Beauty Innovator Awards - Urban Hydration Wins
Refinery29’s 2020 Beauty Innovator Awards - Urban Hydration Wins "Skin Under $25"
Urban Hydration Bright & Balanced Aloe Vera Leaf Spot Cream selected as winner for Refinery29's 2020 Beauty Innov...
Read More
Essence - Finding A Skincare Routine That Works For You
Essence - Finding A Skincare Routine That Works For You
BY ASHLE STANLEY · JANUARY 5, 2021 Someone once said that the secret of your success lies in your daily routine. We...
Read More
On Cosmopolitan - 8 Skin Essentials for When It’s Cold-AF Outside
On Cosmopolitan - 8 Skin Essentials for When It’s Cold-AF Outside
Because layering doesn’t just apply to your winter wardrobe. by MARIANNE MYCHASKIW DEC 30, 2020  Raise your hand if d...
Read More

Leave a comment