How do Amazon merchants receive payment?

Amazon offers several options for merchants to receive payments for their sales. The specific payment methods available may vary depending on the seller's location and the marketplace they are using. Here are some common ways that Amazon merchants receive payments:

1.Amazon Pay: Amazon Pay is a payment service provided by Amazon that allows customers to use their Amazon accounts to make purchases on external websites. When a customer pays using Amazon Pay on an Amazon marketplace, the payment is processed and deposited into the merchant's Amazon Pay account. Merchants can then transfer the funds from their Amazon Pay account to their bank account.

2.Direct Deposit (ACH): In the United States, Amazon offers the option for sellers to receive payments through direct deposit using the Automated Clearing House (ACH) network. Sellers can link their bank account to their Amazon seller account and receive payments directly into their bank account. This method is often used for regular disbursements of sales proceeds.

3.Global Bank Transfer: For international sellers, Amazon provides the Global Bank Transfer option, also known as the Payoneer service. Sellers can set up a Payoneer account and link it to their Amazon seller account. When payments are made, the funds are transferred to the seller's Payoneer account, from where they can be withdrawn to a local bank account.

4.Amazon Currency Converter for Sellers (ACCS): This service is available for sellers who receive payments in a currency different from their local currency. ACCS allows sellers to receive payments in their local currency and Amazon converts the funds at competitive exchange rates. The converted funds are then deposited into the seller's local bank account.

5.Check Payments: In some cases, Amazon may issue check payments to sellers. This method is less common and typically used for sellers who are unable to receive payments through direct deposit or other electronic transfer methods.

It's important to note that the availability of these payment methods may depend on the seller's location and the marketplace they are selling on. Amazon provides information and guidance on payment methods within the seller account dashboard, and sellers can choose the most suitable option based on their preferences and requirements.