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Old 02-24-2015
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Default 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?
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Default Re: Amazon currency exchange question

In USD
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Default Re: Amazon currency exchange question

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

Quote:
Originally Posted by Taking The Micky View Post
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.
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Default Re: Amazon currency exchange question

Quote:
Originally Posted by birdman557 View Post
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.
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Old 02-24-2015
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Default 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
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Default Re: Amazon currency exchange question

Quote:
Originally Posted by Phd View Post
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.
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Default Re: Amazon currency exchange question

http://www.amazon.com/gp/help/custom...gleAS#get_paid
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Default Re: Amazon currency exchange question

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

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

Quote:
Originally Posted by rsot View Post
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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