Amazon’s New White Label Program has companies showing up for invoice factoring financing which is PMF Bancorp‘s specialty, but there appears to be a very concerning issue on fair business practices arising based on what we are observing.
You better hold on to your seats based on what I am about to describe about Amazon and their “New” White Label Program (which does not appear to be advertised or promoted based on my searches). Based on clients that PMF Bancorp provides invoice factoring as service to help them with their working capital and cash flow needs, we are observing that Amazon is buying popular items in bulk in successful categories and using the “client’s name” to sell the goods even though its Amazon that controls the listing, price, and profit. If you are a product seller in any of these popular categories and suddenly see one of your competitors selling all over the place, then this just might be happening to your product and category. PMF has no idea how the listings in these cases are being managed, but if Amazon is the actual (beneficial) seller of the goods, then you have to imagine that they are placing their listings in best positions. This poses some monopolistic questions and unfair business practices in a market that controls the majority of sales online which they completely control.