In my post, I show you how to withdraw money from your Amazon associates account step by step.
You must set a preferred payment method to withdraw money from your Amazon affiliate account.
Once you reach the minimum payout requirement, Amazon pays commissions earned after 60 days.
Amazon has three payment options. Payment directly into a bank account, an Amazon gift card, and payment by check.
Amazon pays affiliate commissions on the first of each month, providing the minimum payout amount is met.
Payment directly into a bank account is currently available in 48 countries.
If your country is not on the list, use Payoneer.com or Wise.com to open a virtual bank account in the USA.
Amazon pays into the virtual account. Then withdraw your funds to your account.
Let’s set up a preferred payment method.
Step One – Sign In To Your Amazon Associates Account
Click Sign In at the top of your screen.
Enter your username and password.
Step Two – Access Account Settings
Hover your mouse over your email address, and select Account Settings.
Click Change Payment Method.
Step Three – Select Preferred Payment Method
Payment method options depend on the Amazon affiliate program country.
For example, I joined the program in Canada, The United Kingdom, and The United States.
To view payment method options, click the menu.
Canada has two options. Payment by direct deposit or gift card.
The United States has three options.
Get Paid By Direct Deposit
To get paid directly into a bank account, select Direct Deposit.
Enter your bank details and click Save Changes.
If your country is not on the list, use Payoneer.com or Wise.com to open a virtual bank account in the USA.
The Amazon Associates minimum payout for direct debit is $10.
Payment By Gift Card
For a gift card, select Pay By Gift Card.
Ensure your primary email address is correct.
The Amazon Associates minimum payout for gift cards is $10.
Payment By Check
For a check, select Pay By Check.
The Amazon Associates minimum payout for checks is $100.
Ensure your contact address information is correct.
An update to the payment method takes effect on the first day of the following month.
Create A Bank Account With Wise.com
Wise (formerly known as TransferWise) (*Paid link) is an international money transfer company that allows individuals and businesses to send and receive money internationally at competitive exchange rates.
The company was founded in 2011 and is in London, United Kingdom.
Wise offers a range of services, borderless accounts, debit cards, and currency exchange, as well as options for sending and receiving money through its platform.
It aims to provide a more transparent and cost-effective alternative to traditional banks for international money transfers.
You can use Wise to create bank accounts in several currencies. Once created, use those bank account details to get payment from Amazon.
Transfer funds from Wise to your bank account. Wise is a cost-effective way to make international money transfers.
You can receive money from around the world in several currencies. You can connect your Wise account to Paypal and Amazon.
You can hold and convert money into 52 currencies.
Wise is the cheapest option when making international money transfers.
Create A Free Wise Account
To create an account with Wise, follow these steps:
- Visit the Wise website (https://www.wise.com/) and click on the “Register” button in the top right corner of the page.
- Enter your personal information, including your name, email address, and phone number.
- Create a password for your account. Make sure to choose a strong password that is difficult to guess.
- Agree to the terms of service and privacy policy.
- Click on the “Create account” button to complete the process.
After creating your account, you need to verify your account by transferring money into one of the listed currencies.
Once payment is received, you can create bank accounts from your Wise dashboard.
Access Bank Account Details
Click on one of your account currencies to access bank account details.
Use those details to update your Amazon affiliate account.
How To Withdraw Money From Wise
Select the currency balance you want to withdraw.
Click Send.
Select International or Same Currency.
Select Country.
Review and click Continue.
Who is the recipient?
Enter the bank details and click Confirm.
Is Wise Cheaper?
Wise (*Paid Link) is known for offering competitive fees for international money transfers. The company claims to use exchange rates up to 8x cheaper than traditional banks. There is also an upfront fee for its services.
The fees charged by Wise will depend on the amount you are transferring, the currency you are using, and the destination of the transfer.
To get an estimate of the fees for a specific transfer, you can use the calculator on the Wise website.
Enter the amount you want to transfer, the currency you are using, and the destination of the transfer, and the calculator will provide an estimate of the fees and exchange rate you can expect.
It is important to note that while Wise may offer competitive fees compared to traditional banks, it is a good idea to compare transfer fees and exchange rates of different money transfer companies before making a decision.
Comparing helps ensure you get the best deal for your specific needs.
Create A Bank Account With Payoneer
If you are not on the list of countries to get payments paid into your bank account, use Payoneer.com to open a virtual bank account in the USA.
Payoneer’s homepage
When you sign up for a free Payoneer account, you can open virtual bank accounts in the USA, UK, and Japan.
You receive payments directly into a bank account from Amazon.
For example, if you are with the affiliate program in the USA, you can set your preferred payment method to direct deposit.
How To Withdraw Money From Payoneer
Select Withdraw & Transfer from the menu.
Next, select Withdraw To Bank.
Next, complete the Withdrawal details form to complete the transfer. Payoneer charges a fee for all transfers.
To reduce fees, apply for a Payoneer credit card. There is no fee for ordering or using the card.
There is a yearly maintenance fee of $29.95.
Funds are deducted from your account when you make online purchases.
If you use Paypal, you can add this card to your account and make it your preferred payment method.
You can sign up for a free Payoneer account at https://www.payoneer.com. (Paid link).
Conclusion
Amazon offers three choices to withdraw funds from your Amazon associates account.
You can have your commission paid directly into a bank account, receive an Amazon gift card, or get paid by check.
The option to get paid directly into a personal bank account is open to 48 countries.
If your country is not on the list, I recommend using Payoneer or opting for one of the other preferred payment options.
As an affiliate, you must declare that you work with Amazon.
Are your Amazon affiliate links not working? Visit my Why Is My Amazon Affiliate Link Not Working? article to learn more.
The Amazon Affiliate Program is an excellent way to monetize your website. Check out my How To Make Money As An Amazon Affiliate article to learn more.
I hope you found my article informative. If you have any questions, please leave them below.
John is the founder of Newblogr.com and has a background in retail and travel. However, his true passion lies in building WordPress websites and mastering the art of SEO. He is committed to helping new bloggers build successful websites by providing top-notch SEO services. John hopes to inspire and empower bloggers to reach their goals.
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