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-   -   How does Amazon pay Canadian seller accounts? (https://www.aspkin.com/forums/amazon/87122-how-does-amazon-pay-canadian-seller-accounts.html)

mjstallion 07-02-2015 02:57 PM

How does Amazon pay Canadian seller accounts?
 
Do you receive the money via wire transfer or via INTERAC?

alim 07-02-2015 06:19 PM

Re: How does Amazon pay Canadian seller accounts?
 
it doesnt support interac.you can simply insert details of chequing or savings account to receive disbursements

mjstallion 07-02-2015 06:38 PM

Re: How does Amazon pay Canadian seller accounts?
 
Do you get charged incoming wire fees for each disbursement?

alim 07-04-2015 03:42 PM

Re: How does Amazon pay Canadian seller accounts?
 
no wire fees
some banks take processing charges
i know bmo takes upto 10 dollars for large amounts when i recieve them.
for TD its about 3 to 4 dollars
but no banks charge have large wire fees such as the typical 30 to 40 dollars they charge and th ampunt you recieve from amazon is converted in canadian dollars by amazon

dr.money 07-06-2015 08:19 PM

Re: How does Amazon pay Canadian seller accounts?
 
its just a ach wire free and you can use a usa bank and they convert the currency for you

wooha 07-06-2015 11:31 PM

Re: How does Amazon pay Canadian seller accounts?
 
Quote:

Originally Posted by alim (Post 682676)
no wire fees
some banks take processing charges
i know bmo takes upto 10 dollars for large amounts when i recieve them.
for TD its about 3 to 4 dollars
but no banks charge have large wire fees such as the typical 30 to 40 dollars they charge and th ampunt you recieve from amazon is converted in canadian dollars by amazon

Assuming your sales are in USD, but you receive CAD into your TD/BMO chequeing/savings; How are the FX rates that you end up getting? Is it pretty terrible?

I read on their page that they have that sellers currency conversion thing - but cant find actual listed/daily rates anywhere.

alim 07-07-2015 01:12 AM

Re: How does Amazon pay Canadian seller accounts?
 
Quote:

Originally Posted by wooha (Post 683157)
Assuming your sales are in USD, but you receive CAD into your TD/BMO chequeing/savings; How are the FX rates that you end up getting? Is it pretty terrible?

I read on their page that they have that sellers currency conversion thing - but cant find actual listed/daily rates anywhere.


once you connect a canadian chequing or saving account in the banking details,in the account balance area youll see your standard balance in the account and below that a balance in canadian dollars

the conversion rate is a bit low
usually a cent or 2 below the usual rate

if you see 1.26 as the rate at bloomberg ,then expect amazon to give 1.22-1.23


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