Which Amazon payment platform is better? Does the account have to be a legal person?

Running a store on Amazon, we work hard every day until late at night, even on weekends, and the ultimate goal is to make money. After consumers transfer money to us, we also need to set up a payment method, so which method is better?

1. Which payment platform is better?

1. Payoneer

Payoneer is also one of the payment methods currently used by most sellers. Because it is a long-established payment method in the United States, it is relatively secure and supports more currencies.

The withdrawal fee is 1.2%, and it will take about 1-2 working days to arrive at the account. The minimum withdrawal amount is US$100.

2. WorldFirst

That is, Wanlihui, which is also a long-established payment method in the UK. It currently supports accounts in currencies such as British pounds, euros, and US dollars.

The withdrawal fee is 1%, and the funds will arrive in about 1-3 working days. The minimum withdrawal amount is US$200.

2. Q&A related to receiving account:

1. Does the Amazon payment account have to be a legal person?

Answer: First of all, if you open a store in the United States, Japan, Australia and other sites, you can use either a personal or company account to receive payments; if it is a European site, due to KYC reasons, you are required to use a company account that is consistent with the Amazon registered company or a third-party payment account of the legal representative.

2. Which account is better for receiving payment? Any suggestions?

A: You can choose a receiving account based on the following points:

Withdrawal rate: If you want to save a certain amount of withdrawal fees, then you can choose Lianlian because the rate is relatively low;

Security: If you want to make your account more secure, you can choose old payment accounts such as Payoneer and WorldFirst;

Arrival time: If you want to receive the payment quickly, you can choose Payoneer, Lianlian and other payment methods with faster payment speed.

3. Will changing the Amazon payment account result in a secondary review penalty?

A: This mainly depends on whether you have reported it to the platform. If you have reported it to the platform, it will not be triggered. Otherwise, the chance of triggering is very high. For the European site, changing the payment account will definitely trigger the review mechanism.

4. I applied for an Amazon account, but I haven't set up a payment account in my Amazon account for a long time. Is there any impact?

Answer: There is no impact, as long as your cash flow is fine, it is OK. You can add payment methods and accounts at any time.

There are many payment methods on Amazon. In fact, each payment method has its own characteristics. When choosing, we must take into account our own situation and the consumption habits of consumers in the customer's area. At the same time, we must set more than one payment method, so you should set more than one.