Is it necessary to use a legal person's account to receive money on Amazon? Related questions answered

After we open a store on Amazon, once a consumer places an order, we need to set up the account. Amazon merchants need to set up a payment account. So does this payment account need to be a legal person's?

Does Amazon's payment account have to be a legal person's?

1. For corporate Amazon stores, the US and Japan sites are not limited. For the European and UK sites, it is recommended to use a Payoneer company account with the same name to receive payments.

2. If you insist on using a personal Payoneer account, you can use a non-legal person’s Payoneer account, and you don’t have to use a non-legal person’s Payoneer account for withdrawals, but you must prepare the Amazon account opening company materials for subsequent review.

3. Different accounts can withdraw cash to the same bank card (however, for different account types, if the cardholder of a personal Payoneer account is not related to the registrant, the corresponding information needs to be supplemented; corporate Payoneer can only withdraw cash to the personal bank card of the company's legal person or shareholder)

Questions and Answers:

1. What are the payment accounts of Amazon?

Amazon sellers can receive payment through PingPong card, WorldFirst card, Payoneer, Lianlian and other payment methods. Click here to learn more about payment account information.

2. Will changing the payment account trigger an Amazon store review?

If it is a European site, it will definitely trigger a KYC review, so it is recommended that sellers do not change the payment method at will; for other sites, the chance of triggering is relatively small. If the review is triggered, your account will be frozen for a period of time. If the direct mail review is passed, it will be unfrozen.

3. Is it necessary to bind a payment account immediately after registering with Amazon?

No, there is no time limit. You can add payment methods and accounts at any time; but you must check whether there are any problems with your cash flow to avoid unnecessary impact.

4. Will binding the same payment account lead to account association?

This will cause the accounts to be associated, and Amazon requires that the payment account that is bound to the same account as the registered account must be used, so it is not recommended to use one payment account to receive payments from multiple accounts, or to receive cross payments.

5. Can Amazon's payment method be changed?

Yes, you can click here to view the specific operation process. However, it should be noted that the time of change cannot be 3 days before the background transfer date, because the platform needs to review it. If it happens to be the settlement cycle, then the settlement will be postponed, which will affect the store ranking and Listing status.

6. Is it necessary to bind a corporate payment account when opening a store on Amazon?

This is not certain. Corporate stores can also bind personal payment accounts. Amazon has no special regulations. However, if it is a European site, then it must be a corporate payment account, otherwise it cannot be bound to payment.

According to what I know, Amazon's payment account must be a legal person, so Amazon merchants can learn more about it. Of course, in addition to the authorization account, there are many other aspects that need to be set up. Now everyone knows it.

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