Amazon to pay shoppers hurt by marketplace sellers’ products
August 10, 2021
Amazon.com has said it will pay customers for injuries suffered or property damaged as a result of using products sold by third-party sellers on its platform. The retail and technology giant will institute the new policy on Sept. 1 with valid claims up to $1,000, which make up more than 80 percent of such cases on the site. Amazon will not admit liability in any case where it makes a payment. Sellers will not be charged, but new rules will require more merchants to obtain product liability insurance.
Recent News
Amazon Debuts New Streaming Ads on Prime
Amazon Ads has unveiled new ad formats for Prime Video users.
Babies“R”Us Is Returning to Some Kohl’s Stores
The openings should begin later in 2024.
Reddit Reveals New Policies and AI Licensing Ventures
Reddit Inc. has unveiled fresh guidelines governing data on its platform, aiming to bolster its revenue streams through licensing deals with AI developers and other firms.
April Retail Sales Showed Moderate Growth
Retail sales in April showed a modest uptick compared to the previous month, according to the latest CNBC/NRF Retail Monitor. However, a year-over-year decline was observed, attributed largely to the timing of Easter.