How long does it take for Amazon to withdraw cash? How much is the withdrawal fee?

When opening a store online, collecting payments has always been a concern for merchants. After all, the most important thing for opening a store is to transfer the profits from sales to the card as soon as possible. Once the profits are transferred to the card, the merchant can withdraw the money. So how long does it take for Amazon to withdraw money?

After an Amazon order is completed, the platform will transfer the funds to the seller's payment account 14 days later, which means that the funds will be transferred twice a month; after the funds are transferred, the seller can withdraw the funds at any time.

After Amazon transfers the funds, it will take 1-3 days for the seller to withdraw the funds from the payment account. The withdrawal time will vary depending on the payment method bound by the seller. For example, with Payoneer, it will take about 1-2 days to arrive in the account after withdrawal, with WorldFirst it will take about 2-3 days, and with PingPong it will be faster, with the funds arriving in as fast as 1 working day.

How much is the withdrawal fee?

Amazon withdrawal fees depend on the delivery method you choose, mainly the following:

Payoneer: Withdrawal rate is 1.2% or even lower

World First: Withdrawal fee is 1%

PingPong: Withdrawal fee is charged up to 1%

Lianlian Pay: Withdrawal fee is only 0.7%

Amazon Global Payments: Fees as low as 0.4% and as high as 0.9%

Note:

Amazon cash withdrawal. Sellers only need to make sure that your cash withdrawal account is consistent with the cash withdrawal account you registered. Especially for corporate accounts, the requirement is to withdraw cash to a public account. There are also some payment methods that support receiving payments to the legal person's bank card. You can choose according to the rules of each payment account and your actual situation.

To determine whether the withdrawal is successful, the seller can check in his or her own payment account, or check whether the withdrawal bank card has received the money. If the money has not been received within the time limit, the seller needs to contact the platform customer service of the payment account to find out the reason and avoid difficulties in capital turnover.

It is recommended that sellers withdraw funds from their accounts in a timely manner, because if the account is blocked, the withdrawal of funds from the account will also be affected. The most important thing is that everyone should choose a payment method that suits them. For example, the withdrawal time, handling fees, etc. are all related to the operation of the Amazon account, so it is also important to understand the rules of the following various payment methods through multiple channels.

In general, the time for Amazon to withdraw money is not uniform, it is determined by the payment method bound by the merchant. For example, Payoneer takes 1-2 days to arrive.