When opening a new Amazon seller account in a new marketplace, there are several ways you can set up your account to get paid. You can use one of the following methods:
If you prefer to maintain a high level of control over your financial accounts, you can open a bank account in the country where you want to sell. This is typically a more complex process, as you may need to create a legal business entity in that country. So consult your legal, tax, and banking advisors.
If you would prefer not to open a bank account in the country of another Amazon marketplace, you can opt for Amazon Currency Converter. With the Amazon Currency Converter service, you can be paid directly in your local bank account in local currency, provided you have a bank account in a country/region and currency supported by Amazon Currency Converter.
How the Amazon Currency Converter Works
When you enter a bank account that operates with a different currency from that of the marketplace in which you're selling, you must accept the terms and conditions of the Amazon Currency Converter in order to receive payment to that bank account. Every disbursement will automatically be transferred to your local bank, in your local currency. If you enter new bank account details, you must accept the Amazon Currency Converter terms and conditions again.
Once you have created a seller account, follow these steps to start using the Amazon Currency Converter:
Fees for the Amazon Currency Converter
Once you have activated the Amazon Currency Converter and you have a positive balance in your seller account, you can view the applicable exchange rate for that day for transfers to your bank account by clicking the View Exchange Rate button on your Payment Summary page. The applicable exchange rate includes all fees and charges related to your use of the Amazon Currency Converter.
If you would prefer not to open a bank account in the country of another Amazon marketplace, or a country or region supported by the Amazon Currency Converter, you have the option of using Hyperwallet, a third-party payment service provider offering currency conversion services. Hyperwallet makes local currency disbursements available in your country or region. You may receive the proceeds from your Amazon sales to a Hyperwallet deposit account, then transfer them directly to your bank in your local currency.