- With each Lightning Deal that you create and submit, you will be presented with a Funding and Fee Agreement which outline how you will be billed for the Promotion which you will be required to accept in order for your Lightning Deal Campaign to go live.
- Alternately, Amazon will submit Purchase Orders if they choose to buy the inventory from you at the promotional cost, in which case the Purchase Orders become the agreements.
- To locate Funding and Fee agreements, select “Promotions” from the Drop-Down Menu of the “Merchandising” tab on the top menu of Vendor Central.
- On the next page, use the “Refine By” filter section on the left of the page to search for your “Lightning Deals” Campaigns and select “Lightning Deal” from the “Promotion Type” Drop-Down Menu.
- In the table to the right, locate the Lightning Deal Campaign you wish to view the agreement and billing invoices for and click on the “Promotion Details” link in the top right-hand corner of the Campaign Block.
- In the “Promotion Details” table, there will be a clickable link to the right of the Field “Funding Agreement”.
- This clickable link is the number of your agreement for reconciliation and recognition thereof when reconciling your deductions from your payment remittances from Amazon.
- Click on this link.
- You will be taken to the “Co-Op” page where you can download the invoices for this promotion by clicking the “View Invoices” link to the right of the agreement.
- On the next table, you will be able to download your invoice as a PDF or excel and download the backup report explaining the invoice.
- The Backup report will give a rebate value per line item which is as per the Agreement and so is easily calculable when reconciling the Backup Report and the invoice against the agreement and your Metrics mentioned in the previous video.
- To view the agreement again, click the “See your Co-Op Agreements” button at the top right side of the Co-Op Page (which can also be located from the Drop-Down Menu of the “Payments” tab on the top menu of Vendor Central).
- On the next page, select the “Accepted/Rejected” tab at the top of the page to view all your agreements.
- From the table provided, locate your Funding Agreement Number and click on the Title Link to open the Agreement.
- You are also then able to print this agreement for your reconciliation file by clicking the “print” button at the bottom of the Agreement Pop-Up.
- This Agreement will show you the per unit discount in dollars alongside each one of the ASINs in this Campaign.
- Further to this, there is still the Fee Agreement.
- Each Lightning Deal promotion has a base merchandising fee.
- This is a one-time, flat fee that will be invoiced separately after the promotion ends.
- If your deal is suppressed before going live, you won’t be charged.
- However, if your deal is suppressed after going live, you will be charged.
- Promotions may be suppressed after they go live if, for example, Amazon runs out of inventory, or the promotional funding you provided does not support a promotional price that beats the lowest price in the trailing 30 days by at least 5%.
- The fee amount will depend on when your promotion goes live.
- The current fee structure in the US is as follows:
- Non-event days: $150.00
- Prime Day: $500.00
- Week of Prime Day: $300.00
- Black Friday or Cyber Monday: $500.00
- Holiday: $300.00
25. The fee amount shown is based on the start date you proposed; if the start date changes, you will be charged the base merchandising fee applicable to the actual start date of your promotion.
26. To now view your Fee Agreement for the above, go back to your Promotion Details page as explained earlier and click the link alongside the “Fee Agreement” field, noting that this clickable link is also the number of your agreement for search purposes.
27. You will be taken to the “Co-Op” page where you can download the invoices for this promotion by clicking the “View Invoices” link to the right of the agreement.
28. On the next table, you will be able to download your invoice as a PDF or excel and download the backup report explaining the invoice.
29. To view the agreement again, click the “See your Co-Op Agreements” button at the top right side of the Co-Op Page (which can also be located from the Drop-Down Menu of the “Payments” tab on the top menu of Vendor Central).
30. On the next page, select the “Accepted/Rejected” tab at the top of the page to view all your agreements.
31. From the table provided, locate your Funding Agreement Number and click on the Title Link to open the Agreement.
32. You are also then able to print this agreement for your reconciliation file by clicking the “print” button at the bottom of the Agreement Pop-Up.
33. This Agreement will show you what your Merchandising Fee is for this promotion, based on the dates when the promotion ran, that is, whether it was during an event time or a non-event time.
34. Most of these Agreements and invoices are deducted from Payments that Amazon makes to you for the Purchase Orders they place with you.