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 where they are selling.
If you have entered a US bank account and have a positive balance in your seller account, you can view the applicable exchange rate for transfers to your bank account.
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. 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.
When you enter a US bank account, you must accept the terms and conditions for using Amazon Currency Converter for Sellers to receive payment to that bank account. Your funds will be automatically transferred to your US bank account in US dollars.
No. Your payments may be delayed by a few minutes, but you should receive your funds into your bank account on the same date as you did with your Canadian bank account.
Amazon Currency Converter for Sellers currently supports these countries/regions and currencies.
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 that our sellers receive a competitive exchange rate.
Refunds to buyers on Amazon.ca are made in the website currency (i.e., Canadian dollars) and, as such, are not subject to any exchange rate fluctuations. However, it is possible that a card issuer or bank may apply a new exchange rate and a conversion fee to the refund if a non-Canadian credit/debit card was used for the purchase and the refund was made to that card. Buyers may contact us when this happens, and we advise them to contact their card issuer or bank for an explanation of the exchange rate and any charge applied to the refund.
No, you do not need a Canadian-based credit card, billing address and phone number to register. You can register to sell on Amazon.ca if you are a resident in one of the many accepted seller registration countries/regions. Please note that your credit card must be able to accept international charges.
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.
If you add or change your bank account information, fund transfers to that bank account may be delayed up to 14 days.
No. All transaction and reporting information in your seller account will be displayed in Canadian dollars. Only fund transfer amounts will be shown in US dollars for sellers who use Amazon Currency Converter for Sellers.
The Estimated Exchange Rate is used to calculate an estimated amount of each pending Disbursement and/or Reverse Transaction in Your Bank Location Currency. The Estimated Exchange Rate is provided to us by our bank service provider at the time we estimate a pending Disbursement and/or Reverse Transaction. As exchange rates fluctuate frequently, when we process your Disbursement and/or Reverse Transaction, our bank service provider might apply an exchange rate that differs from the estimated exchange rate. We try to ensure that we receive a competitive exchange rate from our bank service provider to facilitate Disbursements and/or Reverse Transactions in Your Bank Location Currency.
See our instructions for Selling from India.
No. Only the countries and regions that are present in the menu are supported.