Overview

Amazon has rolled out Korean won (KRW) as a payout option for sellers who operate from South Korea. Effective immediately, merchants selling on the US, UK, or EU Amazon marketplaces can have their earnings deposited directly into a Korean bank account in KRW. This eliminates the need for external foreign‑exchange services and streamlines the cash‑flow process for Korean‑based sellers.

Key Points

• KRW payout option — Sellers located in South Korea can now receive disbursements in Korean won without using third‑party converters.
• Automatic FX conversion — Amazon’s Currency Converter for Sellers (ACCS) applies its own exchange rate at the moment of payout, removing the requirement for separate wire transfers.
• Three‑marketplace coverage — The KRW option works for revenue generated on Amazon.com, Amazon.co.uk, and all EU storefronts, giving sellers a single local‑currency solution across these regions.
• Faster settlement — By keeping the conversion inside Amazon’s payment pipeline, the time between sale and bank deposit is reduced compared to routing funds through external fintech platforms.
• Optional participation — Merchants can keep receiving payouts in the marketplace’s native currency if they prefer to manage conversion themselves.

How ACCS Works

1. Enrollment in ACCS — A seller opts into the Currency Converter program within Seller Central. Example: A Seoul‑based cosmetics brand checks the “Enable ACCS” box for its US store.
2. Deposit method configuration — The seller adds a Korean bank account as a new deposit method and marks it as the default for the selected marketplaces. Example: The brand enters its KB Kookmin Bank account number and selects it for US, UK, and EU stores.
3. Automatic conversion at disbursement — When Amazon processes a payout, ACCS converts the foreign‑currency earnings (USD, GBP, or EUR) to KRW using Amazon’s internal exchange rate and deposits the converted amount into the designated Korean account.