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Old 07-02-2015
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Default How does Amazon pay Canadian seller accounts?

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

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

Quote:
Originally Posted by alim View Post
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.
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Default Re: How does Amazon pay Canadian seller accounts?

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Originally Posted by wooha View Post
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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