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I thought the long term storage fee was a one time thing every year?

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Effective April 15, 2023, we will increase the granularity and magnitude for the aged inventory surcharge (previously known as the long-term storage fee) on inventory stored between 271 to 365 days. Additionally, we will introduce new tiers to begin the aged inventory surcharge on inventory aged 181 to 270 days for all products except items listed under clothing, shoes, bags, jewelry, and watches in the US. We will continue to charge an aged inventory surcharge for units that we store for more than 365 days.

Aged inventory surcharges are assessed using an inventory snapshot on the 15th day of each month and is in addition to the monthly inventory storage fee.

We calculate inventory age on a first-in, first-out basis across the entire fulfillment network. Items that are sold or removed are deducted from the inventory that has been in the fulfillment network the longest, regardless of which unit was actually shipped or removed. For example, if an associate picks and ships a unit that arrived in the fulfillment center only recently, we will still deduct that unit from the oldest inventory in stock.

Fee details

The surcharge is charged monthly, typically between the 18th and 22nd day of the month.