It will begin charging $20 more for its membership program, which includes perks such as two-day shipping and access to video and music streaming libraries. The new price, $119, will go into effect May 11 for new subscribers, June 16 for renewing subscribers.
NEW YORK (AP) — Amazon is raising the price of its annual Prime membership fee to $119 a year, up 20 percent from $99.
New Prime members in the U.S. will be charged the higher price starting May 11. The increase will apply to renewals of existing memberships starting on June 16.
Besides free two-day shipping, Prime members get other perks, such as access to Amazon’s video and music streaming services. The online retailer recently disclosed for the first time that it had more than 100 million paid Prime members worldwide.
Earlier this year, it increased the monthly rate to $12.99 a month from $10.99.