Amazon payment is an issue that sellers are concerned about. The Amazon platform is different from domestic e-commerce platforms. After users complete a transaction, the funds will not be directly transferred to domestic bank cards, and they need to be withdrawn through a third-party payment platform. How to collect payment on Amazon platform?
Can Amazon use Chinese accounts to receive payments?
Amazon payment can be made using bank cards from Hong Kong or mainland China. If you use a Hong Kong bank card, Amazon will forcibly convert your foreign currency income into Hong Kong dollars and then transfer it to the bank, resulting in a 2.5% exchange loss.
Even if you have a foreign currency account in a bank in Hong Kong, you can only pay in Hong Kong dollars. If you use a mainland bank card, you can receive payments through the new Amazon. Select China as the bank's location and add a bank card. However, the fee is 1.25%, which is relatively high, and it is not possible to collect sub-accounts or pay VAT, etc. It feels like it is still in the trial stage.
The most commonly used payment method on Amazon now is to use a third-party platform to collect payment.
How to bind payment account on Amazon?
1. First, register and log in to an Amazon account, find settings, click to enter, select the deposit method, click Add, and fill in the information.
2. Log in to the account corresponding to the payment method you choose, such as Payoneer, then log in to your Payoneer online account, click "Receive-Globalpaymentservices", then select USD, and you can see your US dollar account.
3. Different account options have different advantages and disadvantages. The application qualifications for US bank cards are relatively high, and the transfer fees for Hong Kong bank cards are relatively high. Therefore, relatively few people choose these two payment methods at this stage.
4. Fill in the corresponding Payoneer payment account information in Amazon, click Submit, and the binding is completed. This way you can collect payment.
This is the end of the introduction to Amazon payment accounts. If you want to get more information about Amazon payment, please pay attention and we will continue to answer your questions~