What is Amazon Global Payments? Amazon Global Payments Review

introduce

Amazon's payment service has covered nine Amazon sites, and sellers can receive funds in more than 40 currencies around the world, serving sellers from 66+ countries/regions. It also supports binding sellers' domestic personal accounts and company bank accounts.

Features

1. Fast, the process is very simple, and you can get payment quickly

2. Convenient, directly integrated into the seller platform, you can control all global payments in one place

3. Trust. Amazon attaches great importance to currency security and will process your payment quickly.

defect

1. Domestic collection and withdrawal limit is US$50,000

2. It may cause review by relevant departments

How to use

1. Open the seller backend

Log in to your Seller Central account, click Account Information in the Settings drop-down menu, and click Deposit Method under Payment Information on the Seller Account Information page.

2. Add a domestic bank card

Click the Replace Deposit Method button, select Sold, and click Add New Deposit Method

3. Get paid

The payment received by the seller can be transferred to the added domestic bank account within three working days at the earliest.

Supporting Banks

Basically supports all banks opened in China

interest rate

The exchange rate used by Amazon's global first payment is based on the exchange rate on the day the payment is received into the seller's local bank account in China. When you receive a payment notification in your seller platform, Amazon will provide you with an estimated first payment exchange rate for your reference. The specific exchange rate is based on the amount at the time of settlement. If the remittance is not successfully received, the balance on the seller platform will be returned in the original currency.

Starting from its official launch on October 8, 2019, the "Tiered Pricing" feature will determine the rates based on the seller's net sales on Amazon's overseas sites.

References

• 1. Introduction to Amazon Global Payment: Official website [reference date 2019-11-07T16:00:00.000Z]