New Seller Incentives: Over $50,000 in Referral Fee Savings per MarketplaceNew Seller Incentives: Over $50,000 in Referral Fee Savings per Marketplace
Don't have an overseas bank card?Use Amazon to receive payments globally, and receive payments directly with domestic bank cards
July 7, 2023
The order storm has hit, and for many new sellers, one of the biggest concerns is how to safely and promptly return the money earned overseas to their pockets.
Log in to Seller Central, click “Account Information” from the “Settings” drop-down menu, and click “Deposit Methods” under “Payment Information” on the seller account information page.
Click the "Add New Deposit Method" button, select the marketplace and click to confirm, select "China" for the bank location, and add a Chinese domestic RMB account
Once you've completed the above two steps, you can use Amazon to receive payments globally!
Quick set-up in a minute, so even newbies are no longer afraid to go out to sea!To support new sellers, Amazon has launched the “New Seller Escort Program” for a limited time. After successfully participating in the event, you can enjoy a discount rate of as low as 0.3%!
Registration period: From now until September 30, 2023
Campaign details*: From now until September 30, 2023, Chinese sellers who open an Amazon store after October 1, 2022 can qualify for the preferential rate after signing up for the new seller escort program and completing Amazon's global payment settings. They can enjoy the 0.3% discount rate for Amazon's global payments within 12 months after the preferential rate takes effect.
More “playable” content is here!Amazon Global Payments is not only operationally friendly to new sellers, but it also has 3 major advantages. It really has a system for collecting payments!
When it comes to collecting payments, many sellers have their own “100,000 whys.” As the “last step” in overseas business, have you considered the following influencing factors before choosing a cross-border payment method that suits you:
Is it really safe to have one more payment process?
Are “transparent rates” really transparent?
Are there any foreign exchange losses due to various exchange procedures?
Are “transparent rates” really transparent?
Are there any foreign exchange losses due to various exchange procedures?
When it comes to money, don't be careless!Your questions, Amazon's global payments have been taken into account for you!As a one-stop cross-border payment service tool that helps sellers use domestic bank accounts to accept global payments in RMB, Amazon Global Payments combines three major advantages, allowing new sellers to experience the “smooth experience” of cross-border payments!
🚩 Practical tips: tiered pricing is more favorable!
Tiered pricing gives the corresponding discounted rates based on the seller’s net sales* tier over the past 12 consecutive months, and updates automatically each month. The higher the net sales, the lower the rate.
*Net sales = total sales - operating costs on Amazon (such as FBA fees, in-site promotion fees, referral fees, etc.)
If a seller uses "Unified Account" to connect their Amazon North America, Europe, and Japan marketplace accounts, the rate will be calculated based on the total net sales across all 3 marketplaces. Take an example to find out!
In the past 12 months, I've paid $800,000 on the North American site, $300,000 on the European site, and $50,000 on the Japanese site. How much can I save with a joint account?
A: Let's find out:
Therefore, before using a joint account, seller JoJo can only calculate each site's corresponding tiered rate separately. With a unified account, Seller A can use global payments at a 0.5% rate at any site within the three regions. Even if seller JoJo only chooses to use the global payment service in Mexico, they can enjoy the 0.5% rate!
Extra issue!
Amazon Global Payments has now covered the top 10 Amazon global sites, and efforts are being made to develop more sites!
*Event rules:
1. From now until September 30, 2023, Chinese sellers who open an Amazon store after October 1, 2022 can qualify for the preferential rate after scanning the code/filling out the form and completing Amazon's global payment settings. Within 12 months after the preferential rate takes effect, they can enjoy the 0.3% preferential rate for Amazon Global Payments, with no billing threshold. Amazon Global Payments 0.3% discount rate promotion is limited to new cross-border Amazon seller accounts that have submitted a promotion application before September 30, 2023, and used Amazon Global Payments as the payment method, registered after October 1, 2022, and sold for the first time on the following overseas sites: www.amazon.com, www.amazon.ca, www.amazon.co.mx, www.amazon.jp, www.amazon.co.uk, www.amazon.de, www.amazon.fr, www.amazon.it, www.amazon.es, www.amazon.nl. A new cross-border Amazon seller account means (i) receiving or intending to deposit sales revenue into a RMB bank account (ii) opening an Amazon store for the first time after October 1, 2022 (Beijing time) (i.e., launching the first ASIN).
2. The discounted rate will take effect within 30 days after you scan this poster, successfully submit the application form, and complete Amazon's global payout settings.
3. The preferential rate will be included in the applicable exchange rate provided by Amazon Global Payments's third-party banking service provider for each payment.
4. Offer applications will close on September 30, 2023 (Beijing time). Your preferential rate will end on the last business day of the 12th month after you receive the preferential rate.
5. Offer valid for one seller and one account only.
1. From now until September 30, 2023, Chinese sellers who open an Amazon store after October 1, 2022 can qualify for the preferential rate after scanning the code/filling out the form and completing Amazon's global payment settings. Within 12 months after the preferential rate takes effect, they can enjoy the 0.3% preferential rate for Amazon Global Payments, with no billing threshold. Amazon Global Payments 0.3% discount rate promotion is limited to new cross-border Amazon seller accounts that have submitted a promotion application before September 30, 2023, and used Amazon Global Payments as the payment method, registered after October 1, 2022, and sold for the first time on the following overseas sites: www.amazon.com, www.amazon.ca, www.amazon.co.mx, www.amazon.jp, www.amazon.co.uk, www.amazon.de, www.amazon.fr, www.amazon.it, www.amazon.es, www.amazon.nl. A new cross-border Amazon seller account means (i) receiving or intending to deposit sales revenue into a RMB bank account (ii) opening an Amazon store for the first time after October 1, 2022 (Beijing time) (i.e., launching the first ASIN).
2. The discounted rate will take effect within 30 days after you scan this poster, successfully submit the application form, and complete Amazon's global payout settings.
3. The preferential rate will be included in the applicable exchange rate provided by Amazon Global Payments's third-party banking service provider for each payment.
4. Offer applications will close on September 30, 2023 (Beijing time). Your preferential rate will end on the last business day of the 12th month after you receive the preferential rate.
5. Offer valid for one seller and one account only.
New Seller Onboarding Guide Video
Before entering Amazon, please read the registration guide video, prepare relevant registration materials in advance, understand the specific registration process, and help you start a store smoothly!
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