Receiving payments efficiently and securely is essential to running a successful business as an Amazon seller. Whether you’re selling to international customers or offering services on Amazon-related platforms, having the right payment solution can save you time, reduce fees, and simplify financial management.

Grey is a leading digital banking platform that provides a seamless way to manage your Amazon payments. With features tailored for global transactions, Grey is designed to support digital entrepreneurs and freelancers in navigating cross-border payments effortlessly.

How do Amazon payments work?

Amazon pays its sellers through a structured payment system designed to ensure timely and secure transactions. After making sales on the platform, sellers’ earnings are transferred to their chosen bank accounts based on Amazon’s disbursement schedule.

1. Earnings breakdown: Amazon calculates sellers’ earnings by deducting fees, refunds, and other applicable charges from the total sales. The net earnings are then disbursed.
2. Disbursement timing: Payments are usually disbursed every 14 days, but this can vary depending on account status, marketplace, and payment method.
3. Currency: Amazon processes payments in the marketplace’s local currency, which may result in high conversion fees if sellers are using a bank account in a different currency.
4. Payment destination: Sellers need to provide valid bank account details to receive payouts. This is where Grey’s virtual accounts come in, enabling seamless cross-border payments in various currencies.

Create a free Grey account to receive Amazon payments

Getting started with Grey is quick and straightforward:

1. Visit Grey’s website or download the app.
2. Sign up for free and complete the identity verification process.
3. Gain instant access to foreign currency accounts, including USD, GBP, and EUR, ideal for receiving Amazon payouts.

Set up a foreign currency account

Grey’s virtual foreign currency accounts are designed for international transactions, making it easy to manage earnings from Amazon marketplaces worldwide.

• Open the Grey app and navigate to the Accounts section.
• Select the currency in which you wish to receive payments, such as USD for Amazon US payouts.
• Generate bank account details (e.g., IBAN or routing numbers) to link directly with your Amazon Seller Central account.

Also read: How to shop online using the Grey virtual card

Link your Grey account to Amazon Seller Central

Once your Grey foreign currency account is ready, connect it to your Amazon Seller Central account:

1. Log in to Amazon Seller Central.
2. Go to Settings > Account Info > Payment Info > Bank Account Info.
3. Add new bank details or replace existing ones by selecting Add new deposit method or Replace.
4. Choose the bank location based on the currency (e.g., UK for GBP, US for USD).
5. Enter your Grey account details.
6. Verify the account using a proof of ownership document or a bank statement. Verification typically takes up to four working days.

Receive Amazon payments in multiple currencies

If you sell on multiple Amazon marketplaces, Grey enables you to receive earnings in the relevant local currencies directly into your account. This feature allows you to:

• Avoid high currency conversion fees by keeping funds in the marketplace’s local currency.
• Convert your earnings within the Grey app at competitive rates.
• Seamlessly manage payments from different marketplaces on one platform.

Convert and withdraw funds easily

Managing your Amazon payments with Grey is both simple and flexible:

• Convert funds: Exchange between supported currencies at low, transparent rates.
• Withdraw funds: Transfer your earnings to a local bank account or mobile wallet for easy access.

Why choose Grey for receiving Amazon payments?

Grey offers unparalleled convenience and savings for Amazon sellers:

• Borderless transactions: Handle multiple currencies effortlessly.
• Transparent fees: Enjoy fair and competitive exchange rates with no hidden costs.
• Fast transfers: Receive and access your funds faster than with traditional banking systems.
• Mobile-friendly: Manage payments anywhere, anytime, with Grey’s user-friendly app.

Also read: How to get paid by Amazon in Nigeria, Kenya, and Tanzania with Grey

Tips for maximising your Amazon payments with Grey

Maximising your Amazon payments with Grey is about more than just receiving funds — it’s about leveraging tools that optimise your finances and give you greater control. Here are a few practical tips to help you get the most out of Grey’s features and enhance your payment experience.

• Optimise currency conversions: To minimise costs, keep payouts in the same currency as the Amazon marketplace you’re selling on.
• Monitor earnings: Use Grey’s transaction history to stay updated on your finances.
• Explore USDC options: Grey’s ability to send USDC to crypto wallets gives you additional flexibility when managing your funds.

Take control of your Amazon payments today

Managing Amazon payments shouldn’t be complicated or expensive. With Grey, you can simplify your payment processes, save money on conversions, and focus on growing your business. Whether you’re an experienced seller or just starting out, Grey equips you with all the tools you need to handle international payments like a pro.

Ready to streamline your Amazon payouts? Sign up for Grey today and experience effortless financial management.