Deposit Method Requirements
Amazon uses electronic transfers to pay out your sales proceeds. Before you can receive payments, you have to enter bank account information into your seller account. We cannot transfer funds to a credit/debit card or online payment system such as PayPal.
To avoid payment delays:
- Your seller account must have a business address associated with it.
- Your bank account must be located in a country supported by the Amazon Currency Converter.
- Your bank account information must be up to date.
- You can use the Amazon Currency Converter service to register a bank account that is located in a different country from the store where you are selling. For more information, go to Amazon Currency Converter for Sellers (ACCS). View this resource for guidance on Adding, updating, viewing, and verifying your bank account information.
Important: Whenever you add or change your bank account information, a three-day security hold goes into effect. Fund transfers cannot be initiated until the hold expires, including those from any settlement cycles that close during the hold period. We recommend that you do not update your bank account within three days of your next regularly scheduled disbursement to avoid any delays in payments. Only the primary account owner can make changes related to payment information.
You can also add and receive disbursements to multiple valid bank accounts. Previously, sellers were restricted to onboard and assign a single deposit method per store. Replacing an existing deposit required security hold for three days in which funds could not be transferred until the hold period expired. You can add additional deposit methods that will go through our existing three days security hold at the time it is added and become available for future use. It provides you with the convenience to switch between active deposit methods without creating an additional security hold period.
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Best,
-Connor
Deposit Method Requirements
Amazon uses electronic transfers to pay out your sales proceeds. Before you can receive payments, you have to enter bank account information into your seller account. We cannot transfer funds to a credit/debit card or online payment system such as PayPal.
To avoid payment delays:
- Your seller account must have a business address associated with it.
- Your bank account must be located in a country supported by the Amazon Currency Converter.
- Your bank account information must be up to date.
- You can use the Amazon Currency Converter service to register a bank account that is located in a different country from the store where you are selling. For more information, go to Amazon Currency Converter for Sellers (ACCS). View this resource for guidance on Adding, updating, viewing, and verifying your bank account information.
Important: Whenever you add or change your bank account information, a three-day security hold goes into effect. Fund transfers cannot be initiated until the hold expires, including those from any settlement cycles that close during the hold period. We recommend that you do not update your bank account within three days of your next regularly scheduled disbursement to avoid any delays in payments. Only the primary account owner can make changes related to payment information.
You can also add and receive disbursements to multiple valid bank accounts. Previously, sellers were restricted to onboard and assign a single deposit method per store. Replacing an existing deposit required security hold for three days in which funds could not be transferred until the hold period expired. You can add additional deposit methods that will go through our existing three days security hold at the time it is added and become available for future use. It provides you with the convenience to switch between active deposit methods without creating an additional security hold period.
UPVOTE 👍 / DOWNVOTE 👎 this post if you enjoy seeing content like this. Leave a comment on this post with questions you may have about this topic and let us know what subject you want us to feature next!
Best,
-Connor
