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-   -   Amazon deposits...ACH? (https://www.aspkin.com/forums/amazon/66380-amazon-deposits-ach.html)

agray34 10-25-2013 11:04 AM
Amazon deposits...ACH?
 
When amazon does a disbursement out of your seller central account, is this disbursement transferred as an ACH?

I spoke my my local bank and they told me that if the routing number and account number match, the account name does not matter if it is an ACH.

I just am trying to confirm if Amazon is disbursing these payments via ACH?

TIA

An0nym0u$ 10-25-2013 12:54 PM
Re: Amazon deposits...ACH?
 
It can be either. It is explained under...

Getting Paid > Transfers to Your Bank Account

Quote:
Amazon transfers funds to your bank account through an Automated Clearinghouse (ACH) or electronic funds transfer. It can take 3 to 5 business days for the funds to be transferred to your bank account. Business days are Monday through Friday, excluding the federal holidays listed below.

MICKY H 10-25-2013 05:19 PM
Re: Amazon deposits...ACH?
 
If you are a domestic customer you are paid ACH and if you are an international seller its a wire transfer. Thats my understanding anyway.

Kelly441 10-25-2013 11:15 PM
Re: Amazon deposits...ACH?
 
Quote:
Originally Posted by agray34 (Post 497917)
When amazon does a disbursement out of your seller central account, is this disbursement transferred as an ACH?

I spoke my my local bank and they told me that if the routing number and account number match, the account name does not matter if it is an ACH.

I just am trying to confirm if Amazon is disbursing these payments via ACH?

TIA

What bank told you this?

kenshintr 10-25-2013 11:23 PM
Re: Amazon deposits...ACH?
 
Its ach. Just confirm it by looking at my banks statement.

agray34 10-27-2013 09:30 AM
Re: Amazon deposits...ACH?
 
My small local community bank told me the only way a human is involved with receiving a transfer is if the account number does not match but the routing number does. Then they would match my the account name.

MADBRAZILIAN 10-27-2013 12:38 PM
Re: Amazon deposits...ACH?
 
* they can charge beyond the chargebacks credit card also my current account registered to receive my sales?

ronin 10-30-2013 02:32 PM
Re: Amazon deposits...ACH?
 
Yes it is an ACH and depending on the bank the name does not matter.. My bank told me the same thing as you.... I have had alot of money come from amazon with no problem

Kelly441 10-30-2013 03:51 PM
Re: Amazon deposits...ACH?
 
Quote:
Originally Posted by ronin (Post 499247)
Yes it is an ACH and depending on the bank the name does not matter.. My bank told me the same thing as you.... I have had alot of money come from amazon with no problem
What bank?


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