Amazon USD collection
If your primary Amazon marketplace is outside the USA, expanding to sell on Amazon.com can unlock access to the world’s most competitive Amazon platform.
Here’s our step-by-step guide on reaching these customers and maximizing your returns.
Why Should Your Business Sell on Amazon.com?
Once your core Amazon marketplace is well established, expanding into new international territories can significantly boost your revenue. Selling on Amazon’s home turf gives you access to its largest and most lucrative market.
Amazon.com is the most visited e-commerce site in the United States, attracting approximately 2.45 billion worldwide visits. In 2021, global net sales for Amazon.com reached USD 131 billion, and the marketplace holds over a third of the e-commerce market share in the United States.
How Do You Get Paid and Manage Fees for Your Sales on Amazon.com?
Selling in international markets can be more profitable with a solid currency management plan. By opening an account with Monfor, you can retain your US currency, giving you the flexibility to pay USD expenses directly or convert to your local currency when the exchange rate is favourable.
You can pay the funds you owe to Amazon.com via credit card, or have various fees deducted from your earnings as you start achieving sales. According to Amazon, payments are typically processed within three to five days after a sale.
Currency Conversion for Amazon.com
Amazon.com revenue is paid in US dollars (USD), but you may need to convert it to your local currency at some point.
The Amazon Currency Converter for Sellers (ACCS) automatically converts your sales to your home currency at the transaction exchange rate. However, opening a local currency account in the USA can be challenging. By using Monfor, you can receive your Amazon.com sales revenue in US dollars and retain it until you choose to convert it, potentially based on a favourable exchange rate to maximize profit.
Monfor is partnered with Ebury to provide foreign exchange and collection services, as they are a direct participant in Amazon’s Payment Services Provider Program. This program aims to make Amazon the safest and most trusted marketplace for customers and sellers.
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