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While some businesses are giving their employees big bonuses on the heels of the new tax plan, Amazon has announced they are raising the dues for millions of monthly Prime Members.
The online retail giant announced today that the Amazon Prime monthly fee is increasing from $10.99 to $12.99 in the U.S., an increase of 18 percent. That’s approximately $156 annually.
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Folks who pay their membership yearly will not be affected by this hike as the annual Prime membership will stay at $99. For now..
Jeff Bezos and company release the following statement on the price hike:
“Prime provides an unparalleled combination of shipping, shopping and entertainment benefits, and we continue to invest in making Prime even more valuable for our members,” the company said in a statement. “The number of items eligible for unlimited Free Two-Day Shipping increased in recent years from 20 million to more than 100 million items. We have expanded Prime Free Same-Day and Prime Free One-Day delivery to more than 8,000 cities and towns. We also continue to introduce new, popular and award-winning Prime Originals…Members also enjoy a growing list of unique benefits like Prime Music, Prime Reading, exclusive products and much more.”
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