After your Amazon seller account is confirmed and you have a positive balance in your account, Amazon can then transfer money from transactions electronically to your bank account. Amazon transfers money to your bank account through an Automated Clearing House (ACH) or electronic funds transfer. The transfer to your account takes around five days. Amazon doesn’t let a seller use an online payment service like PayPal or credit cards, and only will transfer money to bank accounts.
Amazon bank transfers can take between 5 to 7 business days, which does not include weekends or holidays. Once the transfer has been initiated, the transaction’s status (either success or failure) will appear in your Account Activity section within the Amazon Pay site. A valid bank account is required, and Amazon cannot transfer to a credit card or PayPal account.
To transfer money from Amazon to your bank account, sellers need to follow a few simple steps:
1. First, head to Amazon Pay and click the “Shoppers” option. From there, you will need to log in with your Amazon credentials.
2. Click on “withdraw funds.”
3. Choose your bank account you wish to receive money
4. Submit the amount of money to transfer to your bank account
5. Click “continue.”
It is essential to keep in mind the various associated fees when selling on Amazon so that your balance is never a surprise. Sellers can carry out calculated and strategic business decisions regarding the products they sell using an Amazon fee calculator. It is also imperative to understand the fees associated with Amazon FBA and Amazon FBM to make well-informed decisions regarding your e-commerce business.