University - Payment and Billing
Amazon Currency Converter
Stay on top of the latest e-commerce and marketplace trends.
Amazon Currency Converter is a service available to all sellers who have an Amazon account tied to a bank account within an Amazon-supported country.
The ACC allows merchants to receive payment directly into a local bank account in United States Dollars, Great British Pounds, or Euros. In addition to the list of supported countries, US Amazon sellers may receive payments to their US bank account regardless of selling platform (www.amazon.co.uk, www.amazon.fr, www.amazon.de). To find more details please see entering bank details and getting paid.
Countries Supported by Amazon
Only certain countries are eligible for Amazon accounts, and bank accounts from within these countries can use the Amazon Currency Converter services. For a full list of supported countries please see Countries Supported by Amazon.
Getting Paid Via Amazon Currency Converter
Once the specified terms have been agreed to and all bank information has been properly entered, payments will automatically be transferred to the seller’s chosen bank account. Money will be deposited in the current currency of the country of the bank account. Payments will be made regularly and will not be delayed or interrupted because of international transfer protocol. Note than adding or changing bank account information can delay transfers of payments up to fourteen days.
Exchange Rates Information
Transfers will be made according to the current exchange rate documented under the View Exchange rate button on a Seller’s Payment Summary Page. The listed rate may vary from those listed in other sources due to wholesale or inter-bank rates that are not applicable for all businesses. Rates are according to the date of (attempted) transfer, not the date the order was placed for delivery or confirmation dates.
Documentation and Taxation
All sellers are advised to inquire and adhere to local taxation laws according to their country’s legal system. Documentation for sales and transactions will be rendered in the currency of the marketplace in which the goods were sold. For example, items sold on www.Amazon.com will be documented in US dollars.
Issuing Refunds to Amazon Currency Converter Accounts
When refunds are issued by sellers using an Amazon Currency Converter account, the refund is made in the marketplace currency. No exchange rates are applicable; however, some banks or credit card companies may have varying rules about transfers of international funds. Please contact the specific bank or card issuer for detailed rates and charges.
Check out the Amazon Currency Converter FAQ to get answers to the frequently asked questions.