Getting paid quickly and conveniently is a major part of running your Amazon business. Below is a full guide on how to use Payoneer to easily and securely receive Amazon payments while helping expand your business to more Amazon stores worldwide
How does Amazon pay its sellers?
To get paid by Amazon, you will need a bank account. Payments are then made every two weeks to the bank account you instruct them to pay you to, minus any sales or Amazon Seller Central fees owing. Depending on what plan you are on, fees for inbound shipping, storage, and product refunds will also be deducted.
The only fees that are not deducted from your biweekly or monthly payments are the Advertising on Amazon fees. For these, you can use a credit card.
The reason Amazon holds on to these payments, usually for at least a week after each product is sold, is in case of any charges for returns that may occur.
Once payments are made, it then takes about 2-3 days before you’ll see the payment hit your designated bank account, though this can depend on the bank you use. In some cases, it can take up to 5 working days to receive payment.
How to connect Amazon Seller Central to Payoneer and receive payouts from Amazon
In order to receive payments from your Amazon customers and store, you will first need to set up a relevant receiving account within Payoneer. Begin by ensuring you have a receiving account in the currency most appropriate to the Amazon store you are receiving payments from. See more about how to set up a local bank account in another country with Payoneer’s Global Payment Service.
STEP 1
Log in to Amazon Seller Central, making sure you have your Payoneer local bank account details to hand. For example, if logging into Amazon Seller Central on Amazon.com, you will need your Payoneer USD receiving account details.
To locate your details, log in to your Payoneer account, go to the Receive menu and then select Global Payment Service. Click USD to display your USD receiving account details.
STEP 2
Once logged in to Amazon Seller Central, begin by providing your business type and other relevant details and click ‘Agree and Continue’. Enter your address and phone number and after completing the verification process, click ‘Next’.
STEP 3
Enter the payment and banking details of your Payoneer USD receiving account and click ‘Next’ to complete the remain steps of your marketplace set-up.
STEP 4
When ready to withdraw earnings from Amazon Seller Central, simply click ‘Activity’ from your Payoneer dashboard, then ‘Withdraw’ on the main menu and then ‘to Bank Account’. And that’s it! Amazon will now send payments to your Payoneer USD receiving account.
If you’re selling on Amazon.com but are not a US resident, Amazon will ask you for tax verification. Simply sign the displayed document stating that you are neither a US citizen nor a US taxpayer. Until you do so, your payments and new product postings will stay pending. Amazon stores are similar across their different geographic domains. For full details on how to receive payments from the most relevant Amazon store that suits your needs, please check the below links.
Fees for Withdrawing from Amazon to Your Payoneer Account
As withdraw fees set by each marketplace or network may vary, it is best to check their website for the exact rates that apply to you.
With Payoneer you can easily withdraw funds to your local bank account in local currency at excellent rates, giving you more local currency for your hard work!
To Your Local Bank Account –
up to 2%
To a Bank Account in The Same Currency –
$/£/EUR1.50
Please check for full information about all Payoneer fees.
We also offer special rates for VIPs who should contact their personal account manager for more details.
How to Use Your Amazon Earnings
Convert currencies so you always have the currency you need to pay international suppliers or contractors
Transfer funds to your local bank account at 70% less than the cost of traditional banking fees
Pay suppliers directly from your Payoneer account
Purchase online and in stores
Make VAT payments, if required, directly from your Payoneer Account – read more here.
Pay other Payoneer customers for FREE
Withdraw at ATMs worldwide
Additional Tools for Amazon Sellers
Amazon Store Manager
Instead of logging in to each marketplace or each country version of Amazon to track your total earnings, Payoneer’s Store Manager enables you to see all your payments from multiple stores across many marketplaces.
This allows you to:
Automatically keep track of all your marketplace store payments
Label stores to make it easier to keep track of your sales performance
Export your payment data and analyze trends to see which stores generate the most revenue.
See here for how to set up Store Manager
Capital Advance for Amazon Seller
Ensuring your e-Commerce business has the right cashflow to enable you to make the most of opportunities like peak buying seasons, for example, is crucial if your business is to succeed. That’s why Payoneer’s Capital Advance program is highly valued by those looking to grow.
The benefits of accepting a Capital Advance offer include:
Get up to $500,000 funding based on the monthly volume of each of your stores.
Settle your funding over time by paying off a portion of your earnings until fully settled.
Enjoy instant access within just one click of accepting the offer.
Avoid high fees by being charged just one fixed fee with no hidden surprises.
Find out more about Working Capital and how you can benefit from Capital Advance
Make a Payment to Amazon Advertising and Transparency
Should you be using the Amazon transparency service, or marketing your products via Amazon Advertising, we have made it easier for you to pay these invoices directly from your Payoneer account.
It’s very easy to make a payment by following the below steps:
1. Sign in to your online account
2. Select Pay -> Make a Payment
3. Choose whether you need to pay an Amazon Advertising invoice or an Amazon Transparency invoice.
4. Upload your invoice file. The invoice details will be displayed automatically.
5. Select the currency balance from which you wish to pay the invoice.
6. Review the amount you’ll be charged (including fee or conversion rate) and click Pay.
There is a minimum and maximum amount that you will be allowed to pay, though this will be clearly indicated within your Payoneer account. Invoices are currently supported in the below currencies for the corresponding marketplace.
| MARKETPLACE | INVOICES IN |
| AMAZON.COM | US DOLLARS |
| AMAZON.CA | CANADIAN DOLLARS |
| AMAZON.DE | EUROS |
| AMAZON.ES | EUROS |
| AMAZON.FR | EUROS |
| AMAZON.IT | EUROS |
| AMAZON.CO.UK | BRITISH POUNDS |
| AMAZON.JP | JAPANESE YEN |
| AMAZON.AU | AUSTRALIAN DOLLARS |
| AMAZON.SG | SING DOLLARS |
Additional Benefits of Using Payoneer to Get Paid
Payoneer simplifies your management of international payments from Amazon and thousands of other marketplaces, allowing you to:
Receive payments from Amazon and other top e-Commerce marketplaces, such as Wish, Lazada and many others, to one consolidated account.
Keep more of your seller earnings with better rates and tiered pricing for high volume sellers – again remove if already talked about fees.
View upcoming payments and payment history for your eCommerce sites.
Enjoy multi-lingual customer support any time day or night, every day of the week.
Check out more information on how to get started with selling on Amazon.
Conclusion
Payoneer offers customers a comprehensive, end-to-end solution for managing payments from their Amazon stores. Helping to reduce fees so that sellers can keep more of their earnings and offering a flexible approach to managing your payments while ensuring a safe and secure platform to both transfer and store funds has been a fundamental part of our customer promise.
Open an account today to see how Payoneer can help expand your eCommerce business and expand not only other Amazon stores worldwide but thousands of other marketplaces too.
