Forum

Fund withdrawal from Amazon UK
 

Hello, forum,

I am having a problem over here. I can not find a way to withdraw funds from Amazon EU marketplace so far. Since I am living in a country whose banks are not supported by Amazon.

I scanned the forum for number of days have not found anything so far.

To get a UK bank account at the moment is impossible for me, unless I would be living there or at least 10,000.00 GBP would drop on my lap. I have checked Turner Little Ltd, they can not help me as well. Next step.

Basically now I am looking for banks online of the countries which are supported by Amazon. And checking if there is any chance to open a bank account there.

Perhaps I missed some thread or missing information in general. Therefore any help is appreciated.


Cheers

Re: Fund withdrawal from Amazon UK
 

Turner Little said what to you?

Re: Fund withdrawal from Amazon UK
 

Have you considered Payoneer?

It's a US bank that is attached to it but fairly sure it can be used to withdraw from UK Amazon.

Check out the fees though and remember you will get hit with two lots of currency conversion.

Re: Fund withdrawal from Amazon UK
 

Turner Little:
"Unfortunately UK banking for none UK residents is not available. We can however arrange an Isle of Man bank account for your business regardless of your residential location and this will offer as close to normal UK banking facilities as it is possible to get, including a sort code and account number as you would receive in mainland UK.



Our fee to arrange this account is £420.00 plus VAT = £504.00 including VAT and you can begin an application by simply CLICKING HERE and completing our online order form."

Re: Fund withdrawal from Amazon UK
 

If you are going to be doing large volumes of sales, this might actually work out a cheaper and better option than Payoneer.

Re: Fund withdrawal from Amazon UK
 

Was going to say, regardless of the fee they charge they do a good job and it's exactly what you need.

Re: Fund withdrawal from Amazon UK
 

I think it is too much money to pay for a bank account which will be used for stealth account. I am not so experienced with stealth, therefore its even more risky too burn 500 GBP bank account.

Unless, I could create saving accounts in the e-baking of Turner Little. But still atm I cant pay 500 GBP for bank acc.

Have you guys tried WorldFirst service?

Re: Fund withdrawal from Amazon UK
 

Well you are pretty screwed then because you would still need to pay for a Payoneer card and also as Ebayorbust has said the fees are criminal.

Dont forget Payoneer have also got very tight on mismatch names.

Re: Fund withdrawal from Amazon UK
 

I am pretty screwed.

But I still have back up plans:
Plan A. Waiting to see if a foreign bank will approve mismatched name transfer
Plan B. Continue checking for banks in other EU countries
Plan Z. Use relatives identity, make a legit seller acc and register WorldFirst bank acc.

Re: Fund withdrawal from Amazon UK
 

WorldFirst isn't a bank account its just a payment processor like Transferwise isn't it?

You don't get an IBAN / SWIFT with it

Re: Fund withdrawal from Amazon UK
 

Incorrect. You get all you need to get paid by AZ. Tried it.

But I couldnt try if it works with stealth. On their web its written that WorldFirst have "anti money laudering system" which wont accept transfers from other sources than agreed with this bank.

Re: Fund withdrawal from Amazon UK
 

@OP, 10000 GBP hah that's quite the number

Re: Fund withdrawal from Amazon UK
 

Update: Got an offer to open a free account in PT, but I have to make an appointment 3 609 km away. Road trip would be fun..

Re: Fund withdrawal from Amazon UK
 

Payoneer offers EU withdrawal service too
They have provided me with both US bank account number and a bank account number from Germany...to get the EU service you need to email them and ask...it was very easy they provide it in less than one day

Re: Fund withdrawal from Amazon UK
 

Very interesting, never knew about the EU part - good info!