Overview

Selling on Amazon across multiple international marketplaces requires a reliable way to receive payments in each region. Amazon offers several payment options for global sellers, ranging from opening local bank accounts to using Amazon's built-in currency conversion service or third-party payment providers. Understanding these options is essential for any seller expanding beyond their home marketplace.

Key Points / What Sellers Need to Know

• Three payment methods are available — Global sellers can receive funds through a local bank account in the marketplace country, Amazon's Currency Converter for Sellers (ACCS), or a third-party currency conversion service like Payoneer or WorldFirst.
• ACCS deposits directly to your home bank — Amazon's own currency conversion service allows sellers to receive marketplace earnings in their local currency without needing a foreign bank account.
• Local bank accounts offer more control but more complexity — Opening a bank account in another country often requires establishing a legal business entity there, along with navigating local tax and banking regulations.
• Third-party providers expand your reach — Services like Payoneer provide local receiving accounts in supported countries, which can be especially useful if your home country is not directly supported by ACCS.
• Exchange rates include all fees — When using ACCS, the displayed exchange rate already incorporates Amazon's conversion fees and charges, so sellers should factor this into their margin calculations.

How Amazon's Currency Converter for Sellers Works

Amazon's Currency Converter for Sellers (ACCS) is the most straightforward option for international sellers who want to avoid the complexity of foreign bank accounts. Once activated, ACCS automatically converts your marketplace earnings into your local currency and deposits the funds into your existing home bank account. To set it up, sellers navigate to their account settings, select deposit methods, and either choose an existing bank account or register a new one. After entering bank details and accepting the ACCS terms and conditions, the service becomes active on the account. Any time Amazon issues a disbursement, the funds are automatically converted and transferred. Sellers can view the current day's applicable exchange rate on their deposit methods page at any time.