While selling on Amazon can be very profitable, putting all of your eggs into a single basket is a very bad idea and this is the reason why even the most veteran e-commerce merchants should maintain a side income.
I recently started experimenting with trading stocks and crypto currencies, which I found to be extremely interesting and entertaining. The best thing is that no one will take your assets or suspend you from the platform where you bought them, unlike on Amazon.
If you are interested, feel free to join our new Facebook group, which is a fusion of the world of Amazon sellers and crypto currency trading: https://www.facebook.com/groups/cryptoarbitrageincome/.
While trading involves a high risk of losing money, this won’t happen unless you short-sell, use leverage or close your trades while in red – at a loss.
These days, a very interesting crypto currency caught my attention. It is called “SafeMoon” and the founders literally developed it for the sole purpose of reaching the Moon.
The point is that the protocol penalizes those who decide to sell with a 10% transaction fee. Half of this fee redistributes to the rest of ALL token holders. This means that your portfolio keeps growing every second if you hold and don’t sell to take your profit away.
Thanks to the remarkable staking system, it is not necessary to make any significant financial commitments and even a purchase worth as low as $100 will do the trick. Your Safe Moon balance will keep increasing without you buying any additional units.
Here you can view a screenshot of Safe Moon balance taken at 03:35am on 20.April 2021:
And here is a screenshot of the same wallet, taken at 04:11am of the same day, showing the automated increase of value and units within just a few minutes!
SafeMoon’s price is currently extremely cheap, however anyone wishing not to miss the train has a difficulty to purchase the coin, as it’s almost impossible to buy.
BitMart offers you the option to purchase it, however you won’t be eligible for the automated “staking” (increase in portfolio quantity), since this feature only applies to crypto wallets.
I spent numerous long days trying all possible ways how to purchase it as a crypto newbie, so I summarized everything here without you having to go through the same nuissance.
Follow these steps which will guide you how to purchase SafetyMoon the easiest way!
- You will need to obtain BNB (BEP20) Smart Chain crypto coin. This can be done by trading a common currency such as ETH or BTC using a crypto wallet such as “SafePal”. Or you can purchase the classic BNB (BEP2) through a network such as Binance. I am recommending Binance, because it allows you to deposit a maximum of 250€ without having to go through any lengthy identity verification. However, Binance recently suspended the option to withdraw BNB as a consequence of having millions of people sell the coin to purchase Safe Moon, resulting in a devaluation of their own currency. If you can’t withdraw BNB through Binance, trade it for ETH and then withdraw to SafePal. Safepal neither requires verification. Swap ETH for BNB (BEP20) in Safepal and then send it to Trust Wallet.
- Once you have either BNB (BEP20) or BNB (BEP2), send it to your Trust Wallet (if you haven’t done so during step 1) – which you will need to create (if you don’t have one yet).
- If you have BNB (BEP2), click on “More” in your Trust Wallet and then “Swap to Smart Chain”. If you have BNB (BEP20), skip this step.
- Now, once you have BNB (BEP20) in your Trust Wallet, go to: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3 .
- When you are on the page, click on “Connect” on the top right of the page. Then click on “WalletConnect” and go to your Trust Wallet, where you will go to “Settings” and click on “WalletConnect”. After this, scan the QR code displayed on the PancakeSwap page. Confirm the connection in Trust Wallet.
- Once your wallet is connected, you will see there your BNB (BEP20) balance. When purchasing SafeMoon coins, always put there a round number, such as “70000000” and delete the auto-generated long number, such as “78675462”. Each digit but the first one needs to be replaced with a zero.
- Set the slippage rate to 12% by clicking on the first symbol on the right – next to the word “Exchange” which is shaped like short intersected lines in a row.
- Submit the transaction. It may take a few minutes to get completed.
- When you go to your Trust Wallet, you won’t see there the newly purchased currency. It will be necessary to add it by clicking on “Receive” and searching for “SafeMoon”. Click on “SafeMoon” and within a few seconds you should be able to see your entire balance.
- Watch your balance to eternally grow!
Common errors and difficulties:
- When using a mobile device such as iPad, or iPhone and trying to complete the purchase of SafeMoon, you will encounter the error “waiting for confirmation” on a small pop-up window. In such case, copy the text and paste it into the Safari browser. After this, you will be able to locate a “Browser” option at the bottom of the interface in your Trust Wallet. Pick “Pancakeswap”, connect your wallet and then complete the transaction. Don’t be scared when you don’t find the coins in your balance – the SafeMoon balance has to be added by you.
- BNB balance on the Pancakeswap website is still zero after having it successfully loaded into your Trust Wallet. In this case, it means that you failed to swap it into BNB Smart Chain, which is a different version of the regular BNB currency. Check step “3” above.
- Safe Moon balance is not increasing. The feature is only available in crypto wallets and not on trading platforms.
- If you are getting an error message stating “gas required exceeds allowance”, it means that you failed to enter a whole number, as described in point “6” above.
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What is Customer Service by Amazon (“CSBA”)?
Recently, Amazon launched a new service for their third party sellers called Customer Service by Amazon (“CSBA”). Is is basically an option for FBM (Fulfilled by Merchant” sellers to have Amazon manage all of their customer service.
It is a paid service, which is currently only offered on selected Amazon marketplaces. To be able to enroll, you need to have a Professional Selling Account in a good standing.
Here are the full CSBA Program Requirements:
- Enrollment: To enroll in CSBA, your account must be created on Amazon.com and be a professional selling account in good standing. We will notify you when your enrollment in CSBA is complete and will begin to provide customer services on your behalf after your enrollment is completed.
- CSBA Units: CSBA will provide customer service for units that you fulfilled yourself (“CSBA Units”). CSBA will not provide customer service for any non-CSBA Units, including those fulfilled by Fulfillment by Amazon (FBA) or Seller-Fulfilled Prime. We will provide customer services for CSBA Units in orders placed while you are enrolled in CSBA. If an order contains both CSBA Units and non-CSBA Units, CSBA will provide customer service only for CSBA Units.
- Amazon-Provided Customer Service: We will be responsible for all customer service issues relating to shipment and customer returns, refunds, and adjustments related to CSBA Units. We will determine whether a customer will receive a refund, adjustment, or replacement for any CSBA Unit, and you agree to be bound by our decisions. You also consent to deductions against your seller accounts for our decisions to allow returns or refunds.
- No Interference with Amazon Customer Service: You may not interfere with any communication between customers and us and you may not instruct us on how to specifically address a customer’s issues. Communications between us and customers for customer service are not recorded in Seller Central and cannot be viewed by you.
- Information from You: We will need information from you relating to CSBA Units to provide customer service, including information required in subsections (6)-(9). If you fail to provide information or provide wrong or incomplete information for them, we may take any measures to respond to the customer, determined by us in our discretion to best serve the customer, including cancelling or refunding the order.
- Valid Contact Information: We may contact you for information to respond to customer questions by email, telephone, or other means as needed. You must provide valid and current contact information to us and update it immediately in case of change.
- 24-Hour Response Time: When we contact you for CSBA inquiries, you must respond with complete and accurate information within 24 hours (including weekends and holidays).
- Tracking Numbers for Orders: You must enter a traceable order tracking number provided by the shipping carrier at the time you confirm the order shipment.
- Valid Return Address: You must provide a valid return address and ensure this return address is capable of accepting customer returns.
The CSBA fee is around $0.10 per customer message. Here you can review the full CSBA fee schedule: https://sellercentral.amazon.com/help/hub/reference/G92LV47D9LP2MXEF
Watch out! Amazon will be auto-destroying aged FBA inventory!
Recently, Amazon introduced a new measure aimed to reduce the amount of slow-selling FBA Inventory belonging to third party sellers, which are stored in their warehouses.
Any units of inventory, which Amazon considers to be aged will be automatically destroyed at the seller’s expense!
The following inventory is subject to automated removal:
- Units that have been in fulfillment centers for more than 365 days and that are subject to long-term storage fees
- Units of ASINs that haven’t sold in six or more consecutive months and that have been in fulfillment centers for more than 180 days
Since Amazon requires a local return address for FBA Inventory removals, if you are based outside of the marketplaces, where your stock is stored, you risk having it automatically destroyed, unless you have a local return address on file for such removals.
Amazon’s default Automated Aged Inventory Removal setting is disposal, so you should immediately go and check your settings.
Here is a screenshot of Amazon’s e-mail announcement regarding the matter:
Here is a copy of the full wording in English:
|Your aging inventory is at risk of disposal|
You currently have units of aging inventory that are at risk of immediate automated removal and disposal.
For the past several months, we’ve been reaching out to inform you that the following inventory will be automatically disposed:
Units that have been in fulfillment centers for more than 365 days and that are subject to long-term storage fees
Units of ASINs that haven’t sold in six or more consecutive months and that have been in fulfillment centers for more than 180 days
Go to Manage Inventory Health to see the units that will be subject to immediate or upcoming automated disposal.
If you don’t update your settings to manage your aging inventory, Amazon may dispose of these units in the manner we deem appropriate. We may also retain any proceeds from the disposal.
Go to Automated fulfillable inventory settings to choose how to manage aging inventory:
Select Return and enter a valid return address to have your inventory returned to you. Due to the high volume of requests during this period, it may take up to 90 days to process the return of your inventory. To avoid further delays, make sure that returns are accepted when delivered to your address.
Select Liquidation to recover value from your eligible products.
Select Disable to opt out of automated removals at any time.
The Fulfillment by Amazon team
Amazon launches Small Business badges available to Handmade Sellers
Recently, Amazon started displaying ”Small Business” badges and supplementary wording next to offers from storefronts belonging to Amazon Handmade merchants:
”Shop products from small business brands sold in Amazon’s store. Discover more about the small businesses partnering with Amazon and Amazon’s commitment to empowering them.”
Currently, there is no option for sellers to opt in and only selected accounts are eligible for this badge. A page with more information can be found here: https://www.amazon.com/b?node=18018208011&ref=sbp_dpb_01B
Here you can view a screenshot of the badge being displayed:
Here is a screenshot of the page with information:
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