Can Amazon settle payments every day? How are payments settled?

For Amazon sellers, it is not only necessary to choose the right products, but also to understand the settlement rules clearly. So let’s take a look at whether Amazon can settle the amount every day?

1. Can Amazon settle the amount every day?

Can't

Amazon's settlement cycle is based on your seller type and sales region. Generally speaking, Amazon will transfer funds to your bank account within 14 days after the end of each settlement cycle. The settlement cycle is usually 14 days, but it can also be 7 days or 30 days, depending on your sales and Amazon's policies.

2. How is Amazon’s payment settled?

Currently, Amazon platform mainly allows sellers to collect payment by transferring money to the bank account bound by the seller. At present, the bank accounts commonly used by Chinese sellers are US bank accounts and Hong Kong bank accounts. In addition, several virtual bank accounts, such as Lianlian Pay, have also been favored by many sellers.

Amazon fees include the following:

1. Subscription fee: If you are a professional seller, you need to pay a monthly subscription fee of $39.99.

2. Transaction fee: This is a fixed fee charged by Amazon for each order, generally $0.99.

3. Commission fee: This is a percentage fee charged by Amazon for each order, which generally ranges from 6% to 25% depending on the product category.

4. Shipping subsidy: This is the shipping subsidy Amazon gives to sellers for each order, which is generally equal to the shipping fee paid by the buyer.

5. Shipping credit: This is the shipping credit that Amazon gives to sellers for each order, which is generally equal to the shipping cost actually paid by the seller.

6. Promotion fee: This is a promotion fee charged by Amazon for each order if you participate in Amazon's promotional activities, such as free shipping or discount offers.

7. Refund processing fee: This is the processing fee charged by Amazon for each refund order, which is generally equal to the sum of the transaction fee and commission fee.

You can view your settlement report under the Reports menu in Amazon Seller Central, which will show you detailed income and expenses for each settlement cycle. You can also download the settlement report file for more in-depth analysis and reconciliation.

Amazon payment settlement is a complex and important process that you need to understand and master as a seller. If you have any questions or problems, you can contact the Amazon Seller Support team and they will provide you with help and solutions as soon as possible.

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