As an Amazon seller in Ghana, efficiently managing your payments is essential to running a successful business. Cross-border payments are often complicated by high fees and limited local banking options, so finding the right solution is key to maximising your earnings. This guide explores how to streamline your Amazon seller payments with Grey, a digital banking platform designed for seamless cross-border transactions.

How Amazon seller payments work

Amazon pays sellers through a structured system that ensures secure and timely disbursements. Here’s how the process works:

1. Earnings breakdown: Amazon deducts fees, refunds, and other charges from your total sales to calculate your net earnings.
2. Disbursement timing: Payments are typically sent every 14 days, depending on the account and marketplace.
3. Currency considerations: Amazon processes payouts in the marketplace’s local currency, which can result in high conversion fees for non-local bank accounts.
4. Bank details: Sellers must provide valid bank account details to receive their earnings. This is where Grey’s virtual accounts come in, offering an efficient way to handle international payments.

Also read: How to receive Amazon payments with Grey

Step-by-Step Guide to Receiving Amazon Payments in Ghana

Grey makes it easy for Amazon sellers in Ghana to receive payments in foreign currencies like USD, GBP, and EUR. Follow these steps to get started:

Step 1: Create your free Grey account

• Visit the Grey website or download the Grey app.
• Sign up for free and complete the identity verification process.
• Access virtual accounts in multiple currencies, ideal for receiving Amazon payouts.

Step 2: Link your Grey account to Amazon Seller Central

• Log in to your Amazon Seller Central account.
• Go to Settings > Account Info > Payment Info > Bank Account Info.
• Select Add new deposit method or Replace to link your Grey account.
• Enter the virtual account details generated in the Grey app.
• Complete any required verification steps to finalise the connection.

Benefits of using Grey for Amazon seller payments in Ghana

Grey is designed to simplify cross-border payments for Amazon sellers, offering multiple advantages:

1. Multi-currency accounts: Receive payments directly in USD, GBP, or EUR, avoiding unnecessary conversion losses.
2. Competitive exchange rates: Convert funds to Ghanaian cedis (GHS) within the Grey app at fair rates.
3. Low fees: Save money on international transactions with Grey’s transparent pricing.
4. Fast access to funds: Enjoy quicker payment processing compared to traditional banks.
5. User-friendly app: Easily track transactions, convert currencies, and manage your earnings from your phone.

Converting and withdrawing your Amazon earnings

Once your payments are in your Grey account, managing your funds is simple:

• Convert funds: Use the Grey app to exchange foreign currencies into GHS at competitive rates.
• Withdraw money: Transfer your earnings directly to a local bank account or mobile wallet for convenient access.

Also read: How to receive Amazon payments in Algeria

Why Grey is the ideal choice for Amazon sellers in Ghana

Grey stands out as a top choice for digital banking for Amazon sellers thanks to its tailored features:

• Borderless transactions: Manage cross-border payments effortlessly.
• Transparency: Know the exact fees upfront, with no hidden charges.
• Flexibility: Hold funds in multiple currencies to maximise your earnings.
• Convenience: Operate entirely online without the hassle of traditional banking requirements.

Manage your Amazon payments seamlessly in Ghana

Receiving Amazon payments in Ghana doesn’t have to be complex or costly. With Grey, you can optimise your earnings, avoid high fees, and focus on growing your business.

Sign up with Grey today to experience seamless cross-border payments tailored to your needs as an Amazon seller.

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