What currency is used on Amazon UAE? How do I receive payment?

The best direction for cross-border e-commerce now is the Amazon platform's Middle East station. Among them, the Amazon UAE site is very good. For cross-border trade, payment collection is an indispensable link. Do you know what currency is used by the Amazon UAE site?

What currency is used on Amazon UAE ?

PingPong Payments can help sellers on Amazon UAE site to avoid paying extra fees for currency conversion when returning goods for refunds. Blue Ocean Yiguan.com learned that PingPong Payments has added payment processing and currency conversion services for the UAE currency, the Arab Emirates dollar (AED).

The move, made in May this year, opens new revenue channels for Amazon sellers in the fast-growing MENA (Middle East and North Africa) market.

The AED is one of the latest currencies to be added to PingPong Payments' global payment solution, which PingPong Payments said will provide sellers on cross-border e-commerce platforms such as Amazon with more currency exchange services and the broadest international market access for their payment transactions.

The MENA region is at a critical juncture, with its e-commerce industry growing rapidly and expected to grow by 350% to reach $28.5 billion in 2022. The UAE is the fastest growing country in the MENA region, with high income levels, high penetration of smartphones and the Internet, and a favorable regulatory environment, all of which have enabled its cross-border trade to flourish.

PingPong Payments said that they are the first global payment provider to offer AED exchange services, providing Amazon sellers with a new revenue channel and making it easier for them to sell products in the MENA region. In addition to cross-border payment and currency exchange services, PingPong Payments also provides local country compliance, tax, customs registration and payment, supplier verification and payment, market intelligence, marketing and sales support services.

Amazon UAE site is currently a good cross-border e-commerce platform. Merchants, if you are interested in this platform, you can consider opening a store, but you must meet the relevant requirements. I hope the above content will be helpful to everyone.

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