How long does it usually take for Amazon to withdraw cash? What are the withdrawal rules?

How long does it usually take for Amazon to withdraw cash? What are the withdrawal rules?

Now the prospect of cross-border e-commerce is really good, and there are many cross-border e-commerce platforms on the market. Some friends finally choose to register and open a store on the Amazon platform, and want to know about the content of Amazon withdrawal, such as how many days does it usually take for Amazon withdrawal to arrive!

After an Amazon order is completed, the platform will transfer the funds to the seller's payment account 14 days later, which means that the funds will be transferred twice a month; after the funds are transferred, the seller can withdraw the funds at any time.

After Amazon transfers the funds, it will take 1-3 days for the seller to withdraw the funds from the payment account. The withdrawal time will vary depending on the payment method bound by the seller. For example, with Payoneer, it will take about 1-2 days to arrive in the account after withdrawal, with WorldFirst it will take about 2-3 days, and with PingPong it will be faster, with the funds arriving in as fast as 1 working day.

How does Amazon collect payment for opening a store?

How can you open a store on Amazon without the issue of payment? For every seller who opens a store on Amazon, they need to bind a payment account in the store background to receive funds. The Amazon platform will transfer the payment to the seller's payment account every 14 days. Of course, sellers can choose payment methods provided by different financial companies to receive payments, such as payoneer, World First, PingPong cards, American bank cards, Hong Kong bank cards, etc., which are commonly used by sellers now. So how to choose these Amazon payment methods?

From the current application methods, the application qualification requirements for US bank cards are relatively high, and the transfer fee for Hong Kong bank cards is relatively high, so relatively few people choose these two payment methods at this stage. Currently, most sellers prefer to choose p cards, wf cards and pingpong.

Among these three payment methods, WF card is the abbreviation of World First, which is a British foreign exchange company and one of the payment methods recommended by Amazon Global Store. P card is a US foreign exchange company and one of the payment methods recommended by Amazon, a cross-border e-commerce platform. Pingpong is the first cross-border e-commerce payment platform in China.

Currently, P-card can provide four payment accounts: USD, EUR, GBP, and JPY, which can receive funds from companies in the United States, EU, UK, and Japan. WF provides accounts in five currencies: USD, GBP, EUR, CAD, and JPY.

To determine whether the withdrawal is successful, the seller can check in his or her own payment account, or check whether the withdrawal bank card has received the money. If the money has not been received within the time limit, the seller needs to contact the platform customer service of the payment account to find out the reason and avoid difficulties in capital turnover.

Recommended reading:

How does Lazada calculate costs? A must-read for beginners!

How do Lazada buyers apply for returns? How to deal with malicious returns?

What is the registration process for opening a Lazada store? Does Lazada charge any fees?

<<:  Does Amazon drop shipping require FBA? How to do it?

>>:  How does Amazon shut down a site? How to do it?

Recommend

This year's Double 11, it's time for e-commerce to return to common sense

This article introduces the misunderstandings of e...

What is the best solution for the most difficult 618 in history?

This year's 618 e-commerce war is no longer ju...

In 2023, brands need to reduce the need to please others

Recently, "The Storm" and "Where th...

Amazon updates eligibility criteria for premium A+ content

Amazon has announced that the eligibility requirem...

What are the seven major scams in cross-border e-commerce? How to prevent them?

I believe that many friends now prefer cross-borde...

How to pause Amazon advertising portfolio? When to pause?

Everyone should know that you can place ads on Ama...

What should new Amazon sellers learn? Essential knowledge for Amazon newbies

Amazon is a highly competitive and ever-changing m...

People in big companies have side jobs, and the end is to leave the blogger?

In this era where everyone is a self-media, young ...

Can Russian shopping websites ship directly to China? Which website should I use?

If we want to buy overseas products, we can buy th...

Good copywriting, understanding of human nature

How to understand the motivation behind behavior i...