Re: Action required: Verify your Amazon seller bank account information
From some posts from amazon moderators in the forums, they are saying to check back May 1st for the button to reappear and submit info then.
I went to bank today and was not able to change existing bank account to the matching LLCs on the Amazon accounts. So I just opened a new bank account for each of my LLCs so that the name will match. I will get creative with the statement for now and then once I pass that I will switch over to the new bank account closer to the end of the new bank account's first month so I'll have a statement available if requested. And in the future I'll just open a bank account for the LLC right away to use for the Amazon account. Hopefully it all works out.
Re: Action required: Verify your Amazon seller bank account information
Quote:
Originally Posted by amzprostl
That's a good solution for future accounts, but with current amazon accounts that have a mismatched bank name, it may not be very easy to convince amazon. They can be very picky. And it can lead to a long reinstatement hell.
With current accounts with mismatched name on bank account, what do you think the best solution will be?
Remove the current bank account and add it again with the name that matches the bank account name, even if it doesn't match the Amazon account? (will amazon really go for this one?)
Or
Go to your bank and see if they can change the bank account to the amazon LLC name? They may need to open a new bank account for the correct LLC name. If that is the case, it would take 30 days for a bank statement to be available. So it would really make reinstatement difficult.
From what I read online the IRS is forcing all marketplace sellers with LLCs to use their personal SSN instead. Check this article
All these verifications are because of this INFORM act that they passed.
That's for single member LLCs, so let's hope Amazon figures out that there is a difference and will allow for different requirements for multiple member partnership LLCs. Knowing Amazon, that might be a longshot
Re: Action required: Verify your Amazon seller bank account information
The button is now showing under manage deposits page. My question was if we need to submit the complete statement or just the 1st page with account holder name, account number, address? Also, can the rest part of the statement with debits, credits and payer name etc be removed from statement?
Re: Action required: Verify your Amazon seller bank account information
Quote:
Originally Posted by famazon
The button is now showing under manage deposits page. My question was if we need to submit the complete statement or just the 1st page with account holder name, account number, address? Also, can the rest part of the statement with debits, credits and payer name etc be removed from statement?
Re: Action required: Verify your Amazon seller bank account information
Quote:
Originally Posted by Porsche032
No, you need to include every page.
Well the verify button is finally there, but of course when I click it, it shows a different name there then the current business LLC on the account. I guess because it was a stealth account created under a different name originally. It shows the original name.
So, I guess I will need to be creative with the bank statement and make sure it shows the original name and not the current account business entity LLC
Re: Action required: Verify your Amazon seller bank account information
Quote:
Originally Posted by amzprostl
Well the verify button is finally there, but of course when I click it, it shows a different name there then the current business LLC on the account. I guess because it was a stealth account created under a different name originally. It shows the original name.
So, I guess I will need to be creative with the bank statement and make sure it shows the original name and not the current account business entity LLC
Re: Action required: Verify your Amazon seller bank account information
Quote:
Originally Posted by amzprostl
That's for single member LLCs, so let's hope Amazon figures out that there is a difference and will allow for different requirements for multiple member partnership LLCs. Knowing Amazon, that might be a longshot
Just a reminder that Amazon can’t tell whether your LLC is a single member or not based on the ein alone. I filed my LLC as a partnership with amazon even though it is a single member LLC specifically so I would not need to add my ssn.
Re: Action required: Verify your Amazon seller bank account information
Quote:
Originally Posted by amzprostl
Well the verify button is finally there, but of course when I click it, it shows a different name there then the current business LLC on the account. I guess because it was a stealth account created under a different name originally. It shows the original name.
So, I guess I will need to be creative with the bank statement and make sure it shows the original name and not the current account business entity LLC
Can’t you just tell them that bank account is closed and you no longer have access to that information?
Re: Action required: Verify your Amazon seller bank account information
I got the bank verification mail on one account which had matching business name for which verification is in progress.
Two others got also hit which were video verified and were purchased.
Any idea if creative bank statement works? I cannot change the account holder name on amazon when we click verify; it shows the old name that was used to open the account.
Re: Action required: Verify your Amazon seller bank account information
Creativity won't work they will detect it immediately and you will cause more issues for yourself as any LLCs with a similar address will then be flagged.
Quote:
Originally Posted by famazon
I got the bank verification mail on one account which had matching business name for which verification is in progress.
Two others got also hit which were video verified and were purchased.
Any idea if creative bank statement works? I cannot change the account holder name on amazon when we click verify; it shows the old name that was used to open the account.
Looking for a pro to get a creative statement as thats the last option I guess.
Re: Action required: Verify your Amazon seller bank account information
Quote:
Originally Posted by famazon
I got the bank verification mail on one account which had matching business name for which verification is in progress.
Two others got also hit which were video verified and were purchased.
Any idea if creative bank statement works? I cannot change the account holder name on amazon when we click verify; it shows the old name that was used to open the account.
Looking for a pro to get a creative statement as thats the last option I guess.
if you get pm's about this, be careful with whom you deal with - due diligence
Re: Action required: Verify your Amazon seller bank account information 
