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-   -   Amazon currency exchange question (https://www.aspkin.com/forums/amazon/83249-amazon-currency-exchange-question.html)

birdman557 02-24-2015 03:53 PM

Amazon currency exchange question
 
Hello.
I am a seller on Amazon.com.
I live in Canada so amazon automatically converts from USD to CAD when they send the disbursement.
I have now opened a US bank account so will amazon send me the funds in USD or CAD?

Dawidck 02-24-2015 05:05 PM

Re: Amazon currency exchange question
 
In USD:thumb:

Taking The Micky 02-24-2015 07:35 PM

Re: Amazon currency exchange question
 
If the account is in the US then yes they will send USD.

birdman557 02-24-2015 07:51 PM

Re: Amazon currency exchange question
 
Quote:

Originally Posted by Taking The Micky (Post 645302)
If the account is in the US then yes they will send USD.

The account is in Canada but it is a US chequing account. In USD Currency.

Taking The Micky 02-24-2015 08:05 PM

Re: Amazon currency exchange question
 
Quote:

Originally Posted by birdman557 (Post 645306)
The account is in Canada but it is a US chequing account. In USD Currency.

They will only send USD to a US bank based in the US. If you use this account they will send CAD to a USD account and you get a double whammy on exchange rates.

Phd 02-24-2015 08:36 PM

Re: Amazon currency exchange question
 
I have heard both, but do not know for sure if a U.S. account will work.

Can someone from Canada weigh in and let us know if a USD account will work, and if not, what % does AZ usually take for the exchange (paypal is about 3.5%)

Thanks

Taking The Micky 02-24-2015 10:21 PM

Re: Amazon currency exchange question
 
Quote:

Originally Posted by Phd (Post 645316)
I have heard both, but do not know for sure if a U.S. account will work.

Can someone from Canada weigh in and let us know if a USD account will work, and if not, what % does AZ usually take for the exchange (paypal is about 3.5%)

Thanks

Just read amazon.com, all the answers are there.

Taking The Micky 02-24-2015 10:27 PM

Re: Amazon currency exchange question
 

rsot 02-24-2015 10:46 PM

Re: Amazon currency exchange question
 
Is the account with RBC?

birdman557 02-25-2015 12:53 PM

Re: Amazon currency exchange question
 
yes rbc!!!!!!!!!!

rsot 02-25-2015 01:47 PM

Re: Amazon currency exchange question
 
If you entered the RBC bank account as the US-bank method (has been discussed before and on the internet), then you could receive funds in USD. Only way to know for sure is to do a withdrawal...and report back

alim 02-25-2015 04:18 PM

Re: Amazon currency exchange question
 
i tried using the borderless usd account in td.the funds werent transfered and then when the transfer fails amazon deletes the banking details on file and sends you the error message
however i havent tried the us chequing account option in td
if you use a regular chequing account the last rate i got on a transfer 3 days ago was 1.19 approx.it will always be lower than the official rates

Taking The Micky 02-25-2015 07:04 PM

Re: Amazon currency exchange question
 
Quote:

Originally Posted by rsot (Post 645503)
If you entered the RBC bank account as the US-bank method (has been discussed before and on the internet), then you could receive funds in USD. Only way to know for sure is to do a withdrawal...and report back

Good answer RSOT


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