SYS-CON MEDIA Authors: Yung Chou, RealWire News Distribution, Paul Miller, Andy Melmed, ExtraHop Networks

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Amazon Quietly Jumps Into Another Business: Lending Money to Sellers

Amazon

Amazon

Amazon has started rolling out a new program that will provide short-term loans to merchants that sell their products on Amazon.com. The program was first discovered by Channel Advisor, after Amazon sent detailed letters to merchants about the program. Channel Advisor provides tips to merchants, who sell items on marketplaces like Amazon and eBay. An Amazon spokesperson did not return phone calls seeking comment. In the letters, Amazon said the new service, called Amazon Lending, can be used to “purchase inventory and increase your sales on Amazon.com.” Read the full story at All Things D.

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More Stories By Shelly Palmer

Shelly Palmer is the host of NBC Universal’s Live Digital with Shelly Palmer, a weekly half-hour television show about living and working in a digital world. He is Fox 5′s (WNYW-TV New York) Tech Expert and the host of United Stations Radio Network’s, MediaBytes, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment.