Amazon Currency Converter for Sellers is an optional service that allows Amazon sellers to receive the net proceeds of their earnings into their local bank account if that account is located in a different country or region from the marketplace where they are selling.
All fees and charges related to your use of Amazon Currency Converter for Sellers are included in the exchange rate. To view the exchange rate of the transfers received in your account, hover over the estimated disbursement amount in the Payments Dashboard.
Volume based fees are based on the tier defined by a seller's total cross-currency (from Store country’s currency to Seller’s home country’s currency) net proceeds during the trailing 12 months across all Amazon stores. Tiers for sellers will be calculated monthly and automatically updated. The higher your net proceeds, the lower your fee. Your total net proceeds are calculated based on your total disbursed volume, whether you used ACCS or other payment service providers in the past.
The fees are outlined in the table below:
|Tier||Cross-currency Net Proceeds||Volume-based Fees (CNY only)||Volume-based Fees (other currencies besides CNY)|
Volume-based fees are available for all currencies supported by Amazon Currency Converter globally with the exception of Turkey and Brazil. Sellers who are paid in CHF can use Amazon Currency Converter at a flat rate of 1.5% regardless of tier. Volume-based fees do not apply to seller disbursements processed through Hyperwallet. Full list of Currencies supported by Amazon Currency Converter for Sellers, go to Countries/Regions and Currencies supported by Amazon for disbursement.
Yes, when your global selling accounts are linked. You can go to Seller Central and use the Merging accounts (Previously referred to as Linking accounts) function to connect all your regional accounts, and we will take care of applying the lowest rate available on your business.
Here is an example:
A Germany-based seller earned $500K on Amazon.com, $300k on Amazon.co.uk, and $300k on Amazon.co.jp over the past 12 months. If the seller does not use Merging accounts, we would offer the seller:
US: $500k -> 1.5%
UK: $300k -> 1.5%
JP: $300k -> 1.5%
If the seller uses Linked Accounts, we will lower the fee. This will save the seller $5,500.
Total Net Proceeds (US+UK+JP) = 1.1MM -> 1.0%
Follow the below steps for a bank located in the country or region of the Amazon marketplace you are selling on.
Certain bank location countries (for example, China) require additional steps for identity verification driven by local regulations. If the information you provide (for example, national ID, business license, and account holder name) is invalid or does not match your bank’s records, your disbursement will be rejected and funds will return to your seller account.
Once your bank account is registered, all payments will be automatically made to that account in the local currency of the bank location country using Amazon Currency Converter for Sellers.
No. However, the first payment after you add or change bank account details might be delayed up to 14 days.
Depending on your bank, the payment will have one of the following names: Amazon, HSBC, Souq, or Amazon and HSBC. Contact your bank if you need more information.
The exchange rates you see in newspapers or other print media are generally wholesale or inter-bank rates. Amazon works to ensure our sellers receive a competitive exchange rate.
Amazon Currency Converter for Sellers uses the exchange rate of the day the transfer to your bank account is initiated. For failed disbursements, this is the exchange rate of the day the transfer is re-initiated.
Amazon is not in a position to provide advice or comment about your tax obligations. Contact your tax advisor with questions about your specific circumstances.
All documents provided by Amazon will be in the functional currency of the marketplace on which you are selling.
Disbursements can only be made in the home currency of the country where the bank account is located. For example, if your bank account is located in the UK, then disbursements can only be made in GBP, even if your bank account is capable of accepting deposits in both GBP and EUR currencies.
See our instructions for Selling from India.
No. Only the countries and regions that are present in the “Bank Location” drop-down menu from the Deposit Methods page are supported.