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  #1  
Old 12-21-2015
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Default Amazon Payments instead of paypal

Can anyone tell me how Amazon payments work? how and when they pay i have made account and attached my bank account.
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Old 12-23-2015
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Default Re: Amazon Payments instead of paypal

Amazon holds your money for about 3 weeks until you get paid.
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Old 12-24-2015
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Default Re: Amazon Payments instead of paypal

Yeah don't do it. Long holds on funds, although when I was using them in large volumes I was getting funding from Amazon in the form of low interest loans up to about $200k when banks said no.

But you open yourself up to fraud and the holdings, which are worse than PayPal. At least with PayPal you can use balance to spend on whatever, or withdraw. Amazon payments not the case.
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Old 12-24-2015
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Default Re: Amazon Payments instead of paypal

Non pro account, payment every 7 days, pro account payment every 14 days.

All this information is available in Seller Central.
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  #5  
Old 12-24-2015
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Default Re: Amazon Payments instead of paypal

Welcome to the forums OP - as Micky stated, all info is on the website. Make sure you read the website well before diving into Amazon - it's not for the faint of heart.
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Old 12-27-2015
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Default Re: Amazon Payments instead of paypal

yes, amazon is the worse. in my opinion they kill the local businesses and for example chinese busineses dont even pay taxes... :?
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Old 12-27-2015
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Default Re: Amazon Payments instead of paypal

Quote:
Originally Posted by HelpNeeded! View Post
Long holds on funds, although when I was using them in large volumes I was getting funding from Amazon in the form of low interest loans up to about $200k when banks said no.
So, let me get this straight. Mobazon 'puts a hold' on your money and then they are kind enough to charge interest for lending you your own money?

Damn! Scientology, eat your heart out.
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Old 12-27-2015
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Default Re: Amazon Payments instead of paypal

Quote:
Originally Posted by rfloubo View Post
So, let me get this straight. Mobazon 'puts a hold' on your money and then they are kind enough to charge interest for lending you your own money?

Damn! Scientology, eat your heart out.
Doubt AZ was holding $200k of his payments. Sounds more like AZ's equivalent of a Paypal Working Capital loan..
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Old 12-29-2015
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Default Re: Amazon Payments instead of paypal

Still, I don't think their loan would be for the whole $200k either.

What a great business model! 1. Force sellers to lend them money at 0% for 'security reasons', 2. Lend money back with zero cost and zero risk, 3. Cashiiing.

Last edited by rfloubo; 12-29-2015 at 01:59 PM.
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