I'm not sure about this but I don't think they can sell a book from your account. Most of them sell 'used' books. I know of an incident (neighbor) who ordered a 'new' book from a bookseller, but when he received it, the cover was of the book he ordered, but the content was an entirely different book. Of course, Amazon refunded his money, but it makes me wonder about their tactics.
I asked Amazon about booksellers' pricing; here's reply:
"The price for books listed on Amazon.com Marketplace are set by the sellers who offer them. These prices are not related to the price set by you or your publisher for retail sales from Amazon.com on the main Amazon listing. Marketplace listings are sold by individuals who either collect used books or buy them wholesale from publishers then list them independently.
Marketplace sellers are free to set their own prices for their sales on Amazon. However, we do have rules sellers must follow:
I sell used books on Amazon. It's pretty wide open, as long as I deliver what I'm selling.
I was surprised to see a reseller selling my print on demand book new, for 30 cents less than the Amazon price. Since I haven't sold a single copy, other than the proof that's safely in my possession, I assume that they don't have it in stock.
Presumably, if someone buys it from them, they order a new copy for the full retail price, probably with free shipping. When they get it, I guess they just re-send it to the buyer.
In large enough volume, this could be profitable, since they make a small profit on the shipping and handling charge.
Yeah my book is print on demand and I have 8 resellers on my Amazon.com account plust it is offered on about 40 other online bookseller websites. I was thinking that they would have to buy the book before they can offer it. because it takes so long if I order it myself and they are offering to have it in less time. So I imagine that they have purchased the copies. I was just curious if anyone knew what the policy on this was. Are they buying the book? or just kind of a middle man where they never have the book in their possession.
I sell used books on amazon (among other places). You can sell any used book, as long as you deliver on it. Always wondered about rarer books priced rediculously high? Those sellers don't have them, but if someone is fool enough to pay $150 for a tatty old paperback, they will be able to source it at a profit. Using those tactics, you only need to sell a handful to turn over a tidy sum. And Amazon only charge fees when you sell, not when you list, as ebay does.