What is Amazon Global Payments? Amazon Global Payments Review, Features

What is Amazon Global Payments?

As Amazon's official cross-border payment service, Amazon Global Payments helps sellers save the trouble of maintaining foreign bank accounts or third-party accounts, and directly use domestic local bank accounts to receive global payments in RMB .

Amazon Global Payments covers 9 major sites: the United States, Mexico, Canada, the United Kingdom, Germany, France, Spain, Italy, and Japan . The safe and convenient payment experience helps sellers solve the worries of receiving payments from overseas sites.

Three major advantages of Amazon Global Payment

1. Security : We ensure the security of your funds and personal information. Switching to Amazon Global Payments does not trigger additional review risks and protects the security of your Amazon account.
2. Trust : Amazon's official payment product does not require the seller to provide the platform key. Through compliance supervision, it ensures that each of your transactions can be traced.
3. Convenience : One-stop service, set up directly on the Amazon platform, no need to create a third-party account, and the funds will be automatically transferred out after the settlement cycle, making it easy for you to receive payments.

Tiered pricing, rates as low as 0.4%!

Amazon's global payment system adopts "tiered pricing", with transparent and more favorable charges.

Tiered pricing is based on the seller's net sales in the past 12 consecutive months*, giving a corresponding preferential rate, and automatically updated every month . The higher the net sales, the lower the rate.

• If the seller uses "Linked Account" to connect Amazon North America, Europe and Japan accounts, the rate will be calculated based on the total net sales amount of all 3 sites.
• Sellers receive a rate based on their net sales, regardless of whether they use Amazon Currency Converter for Sellers.
• Sellers can choose any site to use the discounted rates for global payment collection, and it does not have to be used on all sites.

*Net sales refers to the total sales amount minus the operating costs on Amazon: such as FBA fees, on-site promotion fees, sales commissions, etc.

How to Set Up

No need to open a foreign bank or third-party account, receive payments securely and quickly

Step 1: Open the seller platform

Log in to the seller platform, click "Account Information" in the "Settings" drop-down menu, and click "Deposit Method" under "Payment Information " on the seller account information page.

Step 2: Add your domestic bank account

Click the "Add New Deposit Method" button, select the sales site and confirm, select "China" as the bank location, and add a domestic RMB account in China.

Step 3: Get payment

The funds will be automatically issued on Amazon's settlement date and will be transferred to your domestic bank account within three working days at the earliest.

Frequently asked questions

1. Will a seller's change of bank account information trigger SIV or KYC review?

No, using Amazon Currency Converter for Sellers will not result in additional review by Amazon.

2. Which banks does Amazon Global Payments support?

Amazon Global Payments basically supports all banks that legally operate in China.

3. Are there any additional fees for using Amazon's tiered pricing?

All fees and charges associated with using Amazon Global Payments are included in the exchange rate. When you receive a transfer to your account, you will see a View Exchange Rate button on the Payment Summary page. Click on this button to view the exchange rate.

4. After using Amazon Currency Converter, can sellers switch back to their original payment solution?

Yes, sellers can switch payment plans at any time. Just go to the "Deposit Method" page and click on the old payment plan or enter the new account.

To learn more, click to jump to the Amazon Global Payment homepage :

If you need help, click to fill in the contact information and the Amazon account manager will contact you

According to the relevant requirements of the regulatory authorities, payments to China are made by service providers holding Chinese payment licenses.               deal with