Amazon Currency Converter for Sellers is an optional service that allows Amazon sellers to receive the proceeds of their earnings into their local bank account if that account is located in a different country or region from the marketplace in which 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, point to the estimated disbursement amount in the Payment summary page.
Volume Based Fees (VBF) offers pricing to sellers that is based on the tier defined by their total processed volume (TPV) during the trailing twelve months. Tiers for sellers will be calculated monthly and automatically updated. The higher your TPV, the lower your fee. Your TPV is calculated based on your total disbursed volume regardless of whether you used ACCS or another deposit method.
The different volume bands for each tier are outlined in the table below:
|Tier||Annual USD||CNY Fees||Other ACCS Currencies Fees|
Volume Based fees are available for all currencies supported by Amazon Currency Converter globally with the exception of Amazon.tr, Amazon.sg, Amazon.ae, Amazon.co.br and Amazon.sa. 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. A full list of currencies supported by Amazon Currency Converter for Sellers is located here.
Your TPV by default is calculated individually based on your regional sales (EU, NA, FE). If you want Amazon to consider your global sales, you can link your regional accounts. If you link your accounts, then your TPV would be calculated based on the aggregates of your regional volumes (EU+NA+FE).
Follow the same steps as 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 licence 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 has been 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 menu are supported.