On February 1, 2021, we launched the Payment Service Provider Program to enhance our ability to detect, prevent, and take action against potential bad actors so that we can continue to protect you and customers from fraud and abuse. Sellers who choose to use a payment service provider (PSP) to receive their Amazon store sales proceeds must use a PSP that is participating in the program.
As previously announced, starting July 15, 2021, we will stop disbursements to sellers who are using non-participating PSPs.
If you are currently using a PSP from the list of participating PSPs or a deposit-taking bank account (a traditional bank account) to receive your disbursements, no action is required.
We are working diligently to enroll more qualified PSPs in the program. To view the list of PSPs that have met our requirements for provisional enrollment, and to find out more, go to Payment Service Provider Program update.
We will continue to update the PSP list on a weekly basis.
Why we do not see WISE on the list of PSP? So many sellers are using it and do not want to change anything!
Has anyone got any latest from WISE (previously Transferwise)? They haven’t got back to me recently.
I love how the like and dislike changed when Wise was added
It’s deeply concerning that amazon can command such power, to snoop into our accounts for what reason? Never have I heard such nonsense and breach of privacy. What next? Are they gonna make it mandatory to give them access to our phone data?