How Amazon transfers payments

Receiving payments on Amazon involves a process where your seller account balance is settled, and the funds are transferred to your bank account. Here are some key points to keep in mind:

1. **Payment Method:** Amazon transfers funds to your bank account using Automated Clearing House (ACH) or electronic funds transfer. You must have a valid bank account as the Deposit Method in your seller account settings. Payments cannot be made to a credit card or online payment system like PayPal.

2. **Payment Timing:** After Amazon initiates a payment, it can take up to five working days for the money to appear in your bank account. This timing can vary depending on your bank's processing times.

3. **Account Settings:** Ensure that your bank account information is accurate and up to date in your seller account settings to avoid payment delays.

4. **Payment Frequency:** Amazon typically disburses payments every 14 days for individual sellers and every 7 days for professional sellers. However, this frequency may vary depending on your seller account type and location.

5. **Minimum Disbursement Amount:** There is usually a minimum disbursement amount for payments. For example, the minimum disbursement amount in GBP is £1 unless you or Amazon decides to close the selling account.

6. **Payment Statements:** You can track your payments and view payment statements in the Payments section of your seller account.

7. **Payment Reports:** Detailed information about your payments, including transaction reports, can be found in your Payment Reports.

To ensure smooth and timely payments, keep your bank account information updated, monitor your payment statements, and be aware of your payment frequency based on your seller account type.