How do we export Amazon's currency conversion fees?
We are Canadian and also sell in USA.
How do we export the 1.5% currency conversion fees, applied to all funds recieved USD->CAD?
If there's not a direct export method, how else could we quantify this value?
We need to know currency conversion fees for all orders in 2023.
Many thanks.
How do we export Amazon's currency conversion fees?
We are Canadian and also sell in USA.
How do we export the 1.5% currency conversion fees, applied to all funds recieved USD->CAD?
If there's not a direct export method, how else could we quantify this value?
We need to know currency conversion fees for all orders in 2023.
Many thanks.
3 replies
Micah_Amazon
Hello @Seller_zKzU6ewFNhNe0,
Thank you for your post. Amazon Currency Converter for Sellers (ACCS) is an optional service that utilizes Amazon’s bank service providers to enable the seamless conversion of global proceeds directly to your local bank account. Below are some FAQs as well as where the fees are located. I am not familiar with a way to export that at this time.
Are there any additional fees for using Amazon Currency Converter for Sellers?
ACCS charges a tiered service fee based on your total global net proceeds amount. To view this fee for a completed payment, go to the Payments Dashboard within Seller Central, then hover over the Final Disbursements Amount tooltip at the bottom of the screen. This will display the breakdown of your ACCS service fee, your qualified fee percentage, the actual fee amount collected in local currency, and the exchange rate applied by the bank service provider to your transaction.
What are the different tiers and fees for sellers using Amazon Currency Converter?
Volume-based fees are based on the tier defined by a seller's total cross-currency net proceeds during the trailing 12 months across all Amazon stores. Cross-currency is determined by the Amazon store you are selling on (for example, amazon.com, amazon.co.uk) and your registered entity location. If the entity location is in a region using a currency that is different from the store you are selling on, your net proceeds are considered cross-currency. 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 different volume bands for each tier are outlined in the following table
Please let me know if you have any additional questions.
Cheers,
Micah