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Amazon (NASDAQ:AMZN) is the latest company to ax unlimited cloud storagefollowingother large storage services, including Microsofts OneDrive. The company announced it will no longer offer unlimited storage plans, instead opting for only two tiers.

Small businesses have been using Amazons storage and cloud services because of the availability it provides. It is a company with a global infrastructure and pricing models the vast majority of small businesses can afford.

The new tiers include a 100GB storage option for $11.99 per year and 1TB for $59.99. If you are looking for additional storage, you can increase the amount at 1TB increments, also at $59.99 per TB. On the FAQ page, Amazon says this payment and storage structure is available for up to 30TB.

For current customers, the change will not take effect until their subscription expires. Once it is expired, it will be renewed with the new rates. If you have auto-renew, make sure you are aware of the cost for the amount of storage you have. That $60 price can quickly jump to hundreds of dollars if you have many terabytes.

If you dont have auto-renew, you can go to theManage Storage page and see how much storage you are using. Then opt-in to the plan that best suits your needs.

If you are a Prime Member, you will still get Amazon unlimited storage for your photos along with 5GB of additional storage, such as documents or videos.

If the content you have stored is more than the free storage quota on your account, Amazon will classify the account as an over-quota status. At this point, you can view, download, and delete content, but you wont be able to upload anything.

Amazon is providing a 180-day grace period so you can add more storage space, or delete content to bring you within the allotted storage you are paying for. Blow is another look at the new payment tiers:

Images: Amazon

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Amazon Drops Unlimited Cloud Storage Plan - Small Business Trends