You'll Now Have to Pay More for Monthly Amazon Membership

You'll Now Have to Pay More for Monthly Amazon Membership

Monthly Amazon Prime membership is going up by nearly 20 percent per month. You’ll now pay $12.99 a month versus $10.99 a month, as first reported by Recode. That comes out to $156 a year.

Amazon started the monthly Prime membership rate less than two years ago. Annual prime memberships will remain at $99 per month. CNBC reports research firm GBH Insights estimates 88 million people subscribe to Amazon Prime and expects only a 2 percent churn from the price hike.

CNBC also reporting Morgan Stanley said in December that Amazon Prime growth was experiencing a slow down.

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