Overview

Amazon’s Seller Wallet now lets sellers who operate out of mainland China move their marketplace proceeds straight into a local Chinese bank account in yuan (CNY). The service bypasses external currency‑conversion platforms by routing the money through Amazon’s partnership with J.P. Morgan Chase, and it became generally available in early 2024. Sellers who rely on cross‑border sales should care because the new flow can lower fees, speed up payouts, and simplify compliance with Chinese foreign‑exchange rules.

Key Points

• Direct yuan payouts — Earnings generated on any Amazon marketplace can be sent straight to a Chinese bank account, with Amazon automatically converting the amount to CNY at the live interbank rate.
• J.P. Morgan as correspondent — J.P. Morgan Chase N.A. and its affiliated banks act as the intermediary that receives the converted funds and deposits them into the seller’s designated Chinese account through their established CNY clearing network.
• Downloadable transfer records — After each disbursement, a detailed CNY transfer document appears in the “Reports” tab of Seller Wallet; sellers can download the PDF to keep a formal audit trail for accounting or tax purposes.
• All‑in‑one Seller Central experience — The entire workflow—from selecting the destination bank to confirming the transfer—occurs inside Seller Central, eliminating the need to register with third‑party payment providers or manage separate conversion accounts.
• Eligibility tied to bank details — To qualify, the bank account must be located in mainland China, capable of receiving CNY deposits, and registered under the same legal entity that holds the Amazon seller registration; mismatched information triggers a transfer hold.
• Exchange‑rate transparency — Amazon displays the exact conversion rate applied at the moment the seller initiates the transfer, allowing sellers to compare it with market rates and verify that no hidden spreads are applied.

How the Transfer Process Works

1. Select CNY as payout currency — In the Seller Wallet dashboard, the seller chooses “Transfer to bank” and picks the linked Chinese account; for example, a Shenzhen‑based apparel seller clicks “Transfer CNY to Bank of China, Shenzhen Branch.”