If you do business on Amazon, make sure you understand your payment options!For bank accounts that receive payments, sellers have 3 options:

Use Amazon Currency Converter for Sellers to accept global payments in Chinese Yuan and have them deposited directly into your domestic bank account. For the bank address, select the seller’s local bank account in China.

Use a valid bank account in an overseas region or in Hong Kong, China, to accept Amazon sales proceeds in the local currency.

Use a bank account provided to sellers by a payment service provider participating in the Payment Service Provider Program.

Sellers can choose the option that works best for them to receive global payments!

If you want to receive payments directly in Chinese Yuan and manage your payments directly in Seller Central, we recommend Amazon Currency Converter for Sellers, with automatic payments to your domestic bank account—secure, convenient, and transparent!

Beginner cross-border sellers are all “multitasking” warriors!You need to learn hands-on techniques for Advertising and selecting bestselling products, and also handle a range of issues such as logistics and collecting payments. Every step needs to be checked carefully!To support new sellers, Amazon Currency Converter for Sellers is offering the “New Seller guide Program” for a limited time. After you successfully join the promotion, you can enjoy a preferential rate of 0.3%!

Registration period: From now until September 30, 2023
Offer details*: From now until 09/30/2023, Chinese sellers who opened an Amazon store after 10/01/2022 can qualify for the discounted rate by signing up for the New Seller guide Program and completing the setup for Amazon Currency Converter for Sellers. For 12 months after the discounted rate takes effect, they can enjoy a 0.3% discounted rate for Amazon Currency Converter for Sellers.

Amazon Currency Converter for Sellers is a one-stop Chinese Yuan payment solution provided by Amazon that helps sellers receive revenue from all Marketplaces in Chinese Yuan and deposit it directly into their local bank accounts in China. Currently available in 10 Amazon marketplaces, including the US, Canada, the UK, Spain, Italy, France, Japan, the Netherlands, Germany, and Mexico, with more marketplaces in development.

Receive global payments in RMB, and beginner sellers can also enjoy a limited-time discounted rate of 0.3%!There’s more good news. With Amazon Currency Converter for Sellers, you only need to set it up once to start worry-free payments with a domestic bank card, and beginner sellers can also handle cross-border payments with ease.

Log in to Seller Central, click “Account Info” in the “Settings” drop-down menu, and on the seller account information page, click “Deposit Methods” under “Payment Information.”

Click the “Add new deposit method” button, select and confirm the Marketplace, select “China” for the bank location, and add a domestic Chinese Yuan account.

Do you think Amazon Global Logistics only has these features?No！No！No！As a cross-border selling solution that beginner sellers and experienced sellers can quickly use, Amazon Currency Converter for Sellers also offers 3 major advantages to help you easily solve payment collection challenges and give your cross-border selling business a “shot in the arm”!

Tiered pricing is based on the seller’s net sales* tier over the past rolling 12 months, applies the corresponding discounted rate, and is automatically updated each month.

But!If a seller links their Amazon North America, Europe, and Japan Marketplace accounts using “Linking Accounts,” the rate will be calculated based on the net sales across all linked Marketplaces.

For example:
In the past 12 months, seller Xiaofei had disbursements of $800,000 in North America, $300,000 in Europe, and $50,000 in Japan. By using linked accounts, how much can seller Xiaofei save?

It can be seen from this:
◆ Before using Linking Accounts, Seller Xiaofei could only have the tiered rates for each Marketplace calculated separately.
◆ After using a joint account, seller Xiaofei can use Amazon Currency Converter for Sellers at a 0.5% rate on any Marketplace within the 3 regions. Even if they only use Amazon Currency Converter for Sellers on the Mexico Marketplace, they can still enjoy the 0.5% rate!