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, hover over the estimated disbursement amount in the Payments Dashboard.
Fees and charges related to your use of Amazon Currency Converter for Sellers to receive proceeds from Amazon.com to USD denominated bankaccount opened in Hong Kong are calculated based your volume-based tier and fee rate.
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 different currency, you 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:
|Cross-currency Net Proceeds||Volume-based Fees (CNY only)||Volume-based Fees (other currencies besides CNY)||Volume-based Fees (receive USD to HK-based banks)|
|≥ USD 10M+||0.40%||0.75%||0.40%|
|≥ USD 1M<10M||0.50%||1.00%||0.50%|
|≥ USD 500K<1M||0.60%||1.25%||0.60%|
|≥ USD 100K<500K||0.70%||1.50%||0.70%|
Volume-based fees are available for all Amazon stores supported by Amazon Currency Converter globally with the exception of the Amazon.com.br store. Sellers who are paid in AED, CHF, MXN, and TWD 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, go to Countries, regions and currencies supported by Amazon for disbursement.
Yes, when your global selling accounts are linked. You can go to Seller Central and use the Merging accounts (Previously referred to as Linking accounts) function to connect all your regional accounts, and we will take care of applying the lowest rate available on your business.
Here is an example:
A Germany-based seller earned $500K on Amazon.com, $300k on Amazon.co.uk, and $300k on Amazon.co.jp over the past 12 months. If the seller does not use Merging accounts, we would offer the seller:
US: $500k -> 1.25%
UK: $300k -> 1.5%
Japan: $300k -> 1.5%
If the seller uses Linked Accounts, we will lower the fee. This will save the seller $5,500.
Total Net Proceeds (US+UK+Japan) = 1.1 MM -> 1.0%
Follow the below steps for a bank located in the country or region of the Amazon store you are selling on.
Certain bank location countries (such as China) require additional steps for identity verification driven by local regulations. If the information you provide (such as national ID, business license, 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.
For sellers who want to receive TWD disbursements, we require that you have a valid phone number and email address on your Seller Central account. We may share this data with our bank service providers and your beneficiary bank, who may reach out to you for further transaction validations.
Except as otherwise noted, once your bank account is registered, all payments will be automatically made to that account in the local currency of the bank location country using Amazon Currency Converter for Sellers.
If you have a USDdenominated bank account opened in Hong Kong, you can choose to receive your proceeds from Amazon.com in USD to your bank account. This service is available to Sellers who have cross-currency net proceeds ≥ USD 100K during the trailing 12 months across all Amazon stores. You will be able to choose currency denomination (HKD or USD) when bank location ‘Hong Kong’ is selected if you qualify for this service.
No. However, the first payment after you add or change bank account details might be delayed up to 14 days.
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.
Amazon Currency Converter for Sellers uses the exchange rate of the day the transfer to your bank account is initiated. For failed disbursements, this is the exchange rate of the day the transfer is re-initiated.
The exchange rates you see in newspapers or other print media are generally wholesale or inter-bank rates. Amazon works to ensure our sellers receive a competitive exchange rate.
Disbursements can only be made in the home currency of the country where the bank account is located. For example, if your bank account is located in the UK, then disbursements can only be made in GBP, even if your bank account is capable of accepting deposits in both GBP and EUR.
Except as otherwise noted, disbursements can only be made in the currency of home currency of the country where the bank account is located. For example, if your bank account is located in the UK, then disbursements can only be made in GBP, even if your bank account is capable of accepting deposits in both GBP and EUR.
If you have a USD denominated bank account opened in Hong Kong, you can choose to receive your proceeds from Amazon.com in USD to your bank account. This service is available to Sellers who have cross-currency net proceeds ≥ USD 100K during the trailing 12 months across all Amazon stores. If eligible, you will be able to choose currency denomination (HKD or USD) when bank location ‘Hong Kong’ is selected.
No. Only the countries and regions that are present in the “Bank Location” drop-down menu from the Deposit Methods page are supported.
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.
All documents provided by Amazon will be in the functional currency of the store on which you are selling.
For information on obtaining a FIRC, go to Selling from India.