Amazon hikes Prime membership to $99 per year

Amazon hikes Prime membership to $99 per year

Amazon hikes Prime membership to $99 per year

Print
Email
|

by Associated Press

kgw.com

Posted on March 13, 2014 at 10:06 AM

Updated Thursday, Mar 13 at 2:34 PM

NEW YORK, NY -- Amazon is raising the price of its popular Prime membership to $99 per year, an increase of $20.

It's the first price increase since the online retailer introduced its Prime membership program in 2005. The company said it would probably raise the price in January.

The hike will apply to users when they renew their membership. Amazon has spent heavily to grow its business and expand into new areas, from movie streaming to e-readers and groceries. Prime membership also includes two-day free shipping on many products.

In an e-mail Thursday to members, the Seattle company stressed that it has not raised the price on Prime in the 9 years since its launch, even though shipping costs have increased and it has added new services, such as video streaming.

Print
Email
|