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Stock impact report

Amazon Tests Video Calls to Verify Third-Party Sellers and Reduce Fraud [TheStreet.com]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: TheStreet.com
Amazon AMZN is testing video calling to verify third-party sellers, as the online retail giant tries to reduce the fraudulent accounts and listings on its platform.The enhanced-vetting process supplements the normal online submission process with video calls to verify the identities of applicants. The Seattle company has been trying to cut down on potential fraud.The company said the live verification program began early this year. The program initially involved in-person verification but changed to video calls due to the coronavirus pandemic.“As we practice social distancing, we are testing a process that allows us to validate prospective sellers’ identification via videoconferencing,” an Amazon spokesperson told the Verge.“This pilot allows us to connect one-on-one with prospective sellers while making it even more difficult for fraudsters to hide.”Amazon has said third-party sales account for over half of items sold on its platform.The company said it uses its Chime videoconferenci Show less Read more
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