What is a marketplace?
A marketplace is an online business portal where a product is sold as a;
- Reseller/Retailer – A person or an entity that buys goods from a supplier and sells to the end user.
- Supplier or Distributor – A distributor is a person or an entity that buys goods from a manufacturer and sells to the retailers.
- Manufacturer – A manufacturer is a person or an entity that produces goods.
Amazon and Walmart are one of the market places where a reseller, supplier and manufacturers sells different types of products.
How to sign up with a marketplace?
Every marketplace requires to sign up first and generally the following information are required to participate in a marketplace to offer different products to the consumers.
- Store Name
- Name of the Amazon Store Owner
- Address
- Telephone Number
- Email Address
- Name of the entity, Employer Identifcaiton Number and Sales Tax Number
- Documents to verify the Amazon store owner information which includes driving license copy and utility bill.
- A copy of the E.I.N letter issued by the Internal Revenue Service and the articles of organization or corporation may be asked by the Amazon for the verification.
How long does Amazon take to approve the account?
Generally, it takes 24-48 hours to approve unless the additional information are asked.
Please feel free to contact our representatives to guide you via telephone +1-866-754-4460 or email at support@infotaxsquare.com for more detailed information.
