Is it necessary to bind a legal person to Amazon payment? What are the payment accounts?

Amazon merchants should all know that Amazon's payment cycle is generally about 14 days. If you want to receive payments from Amazon, you must bind your payment account. Does Amazon's payment need to be bound to a legal person?

The payment account can be an individual's (not necessarily a legal person's. If conditions permit, it is best to set up a legal person's payment account, after all, it is your own store).

What are the receiving accounts?

The third-party payment platforms are nothing more than these: World First, Payoneer, PingPong, LianLian Pay, Amazon Pay, etc.

What are their respective characteristics?

1. Payoneer

Payoneer is also one of the payment methods currently used by most sellers. Because it is a long-established payment method in the United States, it is relatively secure and supports more currencies.

The withdrawal fee is 1.2%, and it will take about 1-2 working days to arrive at the account. The minimum withdrawal amount is US$100.

2. WorldFirst

That is, Wanlihui, which is also a long-established payment method in the UK. It currently supports accounts in currencies such as British pounds, euros, and US dollars.

The withdrawal fee is 1%, and the funds will arrive in about 1-3 working days. The minimum withdrawal amount is US$200.

3. PingPong

PingPong is a local payment method in my country, with no entry fees, management fees, exchange losses or other fees.

A maximum handling fee of 1% will be charged for each withdrawal, and the minimum withdrawal amount is US$50. It will arrive in your account in approximately 3-5 working days.

4. Lianlian

As a local cross-border payment method in my country, it also supports payment in multiple currencies and supports individuals and companies to open stores.

The withdrawal fee is 0.7%, which is also the lowest among all methods; it takes about 1-3 days for the withdrawal to arrive.

5. Amazon Pay

Amazon’s official payment method can be activated by sellers on most sites. There is no need to bind a bank card for payment, and most importantly, RMB can be directly deposited into the account.

In general, Amazon payment collection does not have to be bound to a legal person account, it can also be a personal account. If you open a store in the United States, Japan, Australia and other sites, you can use a personal or company account to receive payments.