According to leaked documents, Amazon expects loans to sellers using its platform to reach more than $2 billion by the end of 2023, Business Insider said. This would be more than double what the company said at the end of 2021. But these documents would also show that Amazon economists expect macroeconomic difficulties in 2023.
According to one of the internal documents obtained by the outlet, “ increased uncertainty about the companies’ ability to repay “by sellers” requires a higher inspection of our balance of our credit/loan products “. It is clear that Amazon will tighten its credit subscription and management policy.
Also according to these documents, this policy had been even more restrictive in the first year of the Covid-19 pandemic, when the total balance of outstanding loans at the end of 2020 amounted to less than $400 million. Amazon has reportedly since released it, bringing that number to 1.4 billion by the third quarter of 2022.
Asked by Business Insider, Amazon’s communications responded that “ this document does not reflect the company’s position on the economy and its development ” and that he “ just reflects some of our economists’ thoughts “.
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