Amazon EC2 | Reserved Instance Marketplace Flashcards
Do Convertible RIs allow me to benefit from price reductions when they happen?
Reserved Instance Marketplace
Amazon EC2 | Compute
Yes, you can exchange your RIs to benefit from lower pricing. For example, if the price of new Convertible RIs reduces by 10%, you can exchange your Convertible RIs and benefit from the 10% reduction in price.
What is the Reserved Instance Marketplace?
Reserved Instance Marketplace
Amazon EC2 | Compute
The Reserved Instance Marketplace is an online marketplace that provides AWS customers the flexibility to sell their Amazon Elastic Compute Cloud (Amazon EC2) Reserved Instances to other businesses and organizations. Customers can also browse the Reserved Instance Marketplace to find an even wider selection of Reserved Instance term lengths and pricing options sold by other AWS customers.
When can I list a Reserved Instance on the Reserved Instance Marketplace?
Reserved Instance Marketplace
Amazon EC2 | Compute
You can list a Reserved Instance when:
You’ve registered as a seller in the Reserved Instance Marketplace.
You’ve paid for your Reserved Instance.
You’ve owned the Reserved Instance for longer than 30 days.
How will I register as a seller for the Reserved Instance Marketplace?
Reserved Instance Marketplace
Amazon EC2 | Compute
To register for the Reserved Instance Marketplace, you can enter the registration workflow by selling a Reserved Instance from the EC2 Management Console or setting up your profile from the “Account Settings” page on the AWS portal. No matter the route, you will need to complete the following steps:
Start by reviewing the overview of the registration process.
Log in to your AWS Account.
Enter in the bank account into which you want us to disburse funds. Once you select “Continue”, we will set that bank account as the default disbursement option.
In the confirmation screen, choose “Continue to Console to Start Listing”.
If you exceed $20,000 in sales of Reserved Instances, or plan to sell 50 or more Reserved Instances, you will need to provide tax information before you can list your Reserved Instances. Choose “Continue with Tax Interview”. During the tax interview pipeline, you will be prompted to enter your company name, contact name, address, and Tax Identification Number using the TIMS workflow.
Additionally, if you plan to sell Reserved Instances worth more than $50,000 per year you will also need to file a limit increase.
How will I know when I can start selling on the Reserved Instance Marketplace?
Reserved Instance Marketplace
Amazon EC2 | Compute
You can start selling on the Reserved Instance Marketplace after you have added a bank account through the registration pipeline. Once activation is complete, you will receive a confirmation email. However, it is important to note that you will not be able to receive disbursements until we are able to receive verification from your bank, which may take up to two weeks, depending on the bank you use.
How do I list a Reserved Instance for sale?
Reserved Instance Marketplace
Amazon EC2 | Compute
To list a Reserved Instance, simply complete these steps in the Amazon EC2 Console:
Select the Reserved Instances you wish to sell, and choose “Sell Reserved Instances”. If you have not completed the registration process, you will be prompted to register using the registration pipeline.
For each Reserved Instance type, set the number of instances you’d like to sell, and the price for the one-time fee you would like to set. Note that you can set the one-time price to different amounts depending on the amount of time remaining so that you don’t have to keep adjusting your one-time price if your Reserved Instance doesn’t sell quickly. By default you just need to set the current price and we will automatically decrease the one-time price by the same increment each month.
Once you have configured your listing, a final confirmation screen will appear. Choose “Sell Reserved Instance”.
Which Reserved Instances can I list for sale?
Reserved Instance Marketplace
Amazon EC2 | Compute
You can list any Reserved Instances that have been active for at least 30 days, and for which we have received payment. Typically, this means that you can list your reservations once they are in the active state. It is important to note that if you are an invoice customer, your Reserved Instance can be in the active state prior to AWS receiving payment. In this case, your Reserved Instance will not be listed until we have received your payment.
How are listed Reserved Instances displayed to buyers?
Reserved Instance Marketplace
Amazon EC2 | Compute
Reserved Instances (both third-party and those offered by AWS) that have been listed on the Reserved Instance Marketplace can be viewed in the “Reserved Instances” section of the Amazon EC2 Console. You can also use the DescribeReservedInstancesListings API call.
The listed Reserved Instances are grouped based on the type, term remaining, upfront price, and hourly price. This makes it easier for buyers to find the right Reserved Instances to purchase.
How much of my Reserved Instance term can I list?
Reserved Instance Marketplace
Amazon EC2 | Compute
You can sell a Reserved Instance for the term remaining, rounded down to the nearest month. For example, if you had 9 months and 13 days remaining, you will list it for sale as a 9-month-term Reserved Instance.
Can I remove my Reserved Instance after I’ve listed it for sale?
Reserved Instance Marketplace
Amazon EC2 | Compute
Yes, you can remove your Reserved Instance listings at any point until a sale is pending (meaning a buyer has bought your Reserved Instance and confirmation of payment is pending).
Which pricing dimensions can I set for the Reserved Instances I want to list?
Reserved Instance Marketplace
Amazon EC2 | Compute
Using the Reserved Instance Marketplace, you can set an upfront price you’d be willing to accept. You cannot set the hourly price (which will remain the same as was set on the original Reserved Instance), and you will not receive any funds collected from payments associated with the hourly prices.
Can I still use my reservation while it is listed on the Reserved Instance Marketplace?
Reserved Instance Marketplace
Amazon EC2 | Compute
Yes, you will continue to receive the capacity and billing benefit of your reservation until it is sold. Once sold, any running instance that was being charged at the discounted rate will be charged at the On-Demand rate until and unless you purchase a new reservation, or terminate the instance.
Can I resell a Reserved Instance that I purchased from the Reserved Instance Marketplace?
Reserved Instance Marketplace
Amazon EC2 | Compute
Yes, you can resell Reserved Instances purchased from the Reserved Instance Marketplace just like any other Reserved Instance.
Are there any restrictions when selling Reserved Instances?
Reserved Instance Marketplace
Amazon EC2 | Compute
Yes, you must have a US bank account to sell Reserved Instances in the Reserved Instance Marketplace. Support for non-US bank accounts will be coming soon. Also, you may not sell Reserved Instances in the US GovCloud region.
Can I sell Reserved Instances purchased from the public volume pricing tiers?
Reserved Instance Marketplace
Amazon EC2 | Compute
No, this capability is not yet available.
