Generally speaking, Amazon will deposit the seller's sales revenue into the seller's bank account 14 days after you sign up for Seller Central. Subsequently, the billing process repeats every 14 days.

Please note the following points:

1. The account balance is at least 25 yuan;

2. In the seller platform, enter the valid information of your bank account in China. See Bank Account Information for more information. After the settlement is completed, Amazon will publish the settlement report in the "Reports" section of the seller's platform, and deposit the sales revenue into the seller's bank account through bank transfer, usually within 6-10 working days from the time of bank transfer After that, the funds will reach the seller's bank account.

Please note: public holidays will affect the remittance of funds, and the arrival time will be delayed by 6-10 working days. In addition, it also depends on the payment method used. If you choose online payment, it will arrive in the account within 7 working days after the return and refund. When you return an item, it will be credited back to the gift card. Regardless of the shipping method, Amazon will notify you by email.

What are the Amazon payment methods?

There are many payment methods on the Amazon platform, such as: Amazon Global Collection Service, PingPong, Wanlihui World First, Payoneer, Currencies
Direct etc.

1. Amazon Global Collection Service

Amazon has launched a new global payment collection service, which has caused heated discussions among many sellers. After the seller activates this service, there is no need to bind a foreign bank card or a third-party account as a collection account, and can directly use the local currency to receive global payments, and it can be deposited into the seller's domestic bank within two working days at the fastest account.

2. Ping Pong

PingPong is the first domestic cross-border collection platform established in 2014, focusing on providing Amazon collection services for cross-border e-commerce in China.

3. Wanlihui World First

Wanlihui World
Opening a First (WF card) account is also relatively simple. When you want to open a personal account, you need to hold a personal ID card to open it. For a company account, you need to submit a company business license, which takes about 1-3 days. the world
First supports the opening of accounts in GBP, EUR, USD, CAD, AUD, NZD and JPY.

4. Payoneer

Payoneer is a professional and efficient cross-border payment collection service, which reduces the collection cost of professionals such as cross-border e-commerce and traditional foreign trade. Regardless of cross-border e-commerce, advertising alliances or freelancers, Payoneer allows collections to cross borders, time differences and currencies, and settle overseas funds at low cost, safely and quickly.

5. Currencies Direct

Currencies Direct entered China in 2016 to help cross-border platform sellers collect and settle foreign exchange. Currencies
Direct cooperates closely with the world's top banks such as Deutsche Bank and Barclays Bank to provide platform sellers with USD, EUR, GBP, JPY, CAD collection accounts, and supports cash withdrawals to companies, legal persons or any shareholders in the original currency or RMB Personal bank account, quite flexible.

In the entire process of cross-border transactions, the settlement method and time are very important. As an Amazon seller, you need to understand these policies of the platform. At present, the Amazon platform has greatly shortened the time for payment, which is very important Great news for sellers.

(The content of this article is organized based on online data. For the purpose of conveying more information, it does not mean that QuanExpress agrees with its views and positions)