Why do I need a domestic bank card to register on Amazon? Detailed answer

If you want to join Amazon, you must first register a seller account to open a store. Seller registration requires a lot of information in advance, including but not limited to ID card, bank card, email, business license, etc. Why do you need a domestic bank card to register on Amazon?

You need a dual-currency credit card, which is mainly used for registration verification and monthly rent payment. This can be applied for at domestic banks.

In addition, to receive payments, you also need a P card (Payoneer account), which is used to transfer the money earned from Amazon to a domestic bank card for withdrawal. Currently, Payoneer is the only third-party payment partner of Amazon. You can register directly through the Amazon backend payment page, select "China" as the bank country, or search for Payoneer on the Internet and register through other registration channels. After receiving payments, you can also get a $25 reward.

What are Amazon's requirements for bank cards? There are three main points:

1. Your seller account must have a business address associated with it.

2. Your bank account must be opened in a country/region supported by Amazon Currency Converter.

3. Your bank account information must be up to date.

If you later want to update your Amazon account bank card, you need to do the following:

1. Go to [Settings] and tap [Account Information].

2. On the Seller Account Information page, click Deposit Method under Payment Information.

3. Click [Change Deposit Method]. If you need to edit other bank account information, please click [Manage Deposit Method].

Please note that during this replacement process, Amazon requires you to provide your existing complete bank account number and pass identity verification before you can continue to update your bank account number.

It will take about 2 working days to process after submitting to the platform for review. To confirm that your bank account information has been updated, please check the deposit method page in the seller platform.

After completing the update, you can go to [Settings] on the seller platform and select your bank account information from the drop-down menu to view it. Although you can update the bank card bound to your account, because changing the account information will trigger Amazon's second review, it is recommended that you do not change it at will after binding to avoid unnecessary impact.

Generally speaking, the reason why you need a bank card to register on Amazon is because the store needs to collect payments, which is a necessary document. The reason why you need a domestic bank card is to transfer the money you earn to a domestic bank card for cash withdrawal.