Amazon Prime Expands Membership to Businesses

By Chris Lange Updated Jan 12, 6:52AM EST · Published Oct 24, 3:55PM EDT

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Amazon Prime Expands Membership to Businesses — © Wikimedia Commons (Steve Jurvetson)

Amazon, Inc. (NASDAQ: AMZN) saw its shares make a handy gain on Tuesday after it announced that the e-commerce giant would be expanding its prime membership services to businesses. This service has already become wildly popular among consumers for its quick, free two-day delivery service, not to mention its other added benefits.

Jeff Bezos has not just been disrupting retailers and grocers, but he is now looking to spread his empire into delivery as well. Look out for Amazon earnings coming later this week.

The main selling point on this is that the Business Prime service offers unlimited free two-day shipping on eligible items for all users on an Amazon Business account.

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Amazon Business customers can sign up for an annual Business Prime Shipping membership based on the number of users on their business account: $499 for up to 10 users, $1,299 for up to 100 users, and $10,099 for over 100 users.

Greg Greeley, Vice President of Amazon Prime, commented:

Business Prime Shipping combines the wide selection of products available to Amazon Business customers, with the speed and convenience that customers have come to know and love from Amazon Prime. We are excited to introduce a shipping program designed to meet the needs of businesses and will continue to innovate on behalf of customers to make business purchasing even easier.

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Prentis Wilson, Vice President of Amazon Business, added:

Business Prime Shipping enables businesses with multiple users to further simplify their procurement procedures and increasingly rely on Amazon Business to deliver. Customers can now get unlimited fast delivery across their organization on a vast selection of products while maintaining increased visibility on their business purchases.

Shares of Amazon were last seen up over 1% at $977.98, with a consensus analyst price target of $1,163.10 and a 52-week range of $710.10 to $1,083.31.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.