In my post, I show you how to withdraw money from your Amazon associates account, step by step.
To withdraw money from your Amazon affiliate account, you have to set a preferred method of payment. Once you reach the minimum payout requirement, Amazon pays you commissions earned on the first day of each month.
Amazon has three payment options. Payment directly into a bank account, an Amazon gift card, and payment by cheque.
Amazon pays affiliate commissions on the first of each month, providing the minimum payout amount of $10 is met.
Payment directly into a bank account is currently available to 48 countries. If your country is not on the list, you can use Payoneer.com to open a virtual bank account in the USA, then withdraw your funds to your account or apply for a free credit card.
Let’s set up a preferred payment method.
1. Sign in to your Amazon affiliate account.
Click on the ‘Login’ link at the top of your screen.
Enter your username and password to enter your account.
2. Access your account settings
Next, you come to your affiliate dashboard. On the top-right, hover your mouse over your email address, and a drop-down menu appears.
Select ‘Account Settings’ from this menu. Once you select ‘Account Settings’, you come to this page.
Under the ‘Payment and Tax Information’ heading, select the ‘Change Payment Method’ option.
On this page, there are three options to get your money from your Amazon affiliate account.
You can get paid directly into your bank account, opt to receive an Amazon gift card, or you can select the ‘Pay By Check’ option.
Get Paid By Direct Deposit
To get paid directly into your bank account, select the first option. Amazon set a minimum payout amount of $10.00. Enter your details, then click on ‘Submit’.
Payment By Gift Card
For payment by gift card, select the second option. Ensure your primary email address is correct, then confirm by clicking on ‘Submit’.
Once you earn $10, Amazon will send you a gift card.
Payment By Check
If you want to be paid by check, select the third option.
The minimum payment is $100. You can adjust this to any amount of over $100. Ensure your contact address information is correct before selecting this option. To confirm, click on ‘Submit’.
Any update to the payment method takes effect on the first day of the following month.
If you are not on the list of countries to get payments paid into your bank account, you can use Payoneer.com to open a virtual bank account in the USA.
When you sign up for a free Payoneer account, you can open virtual bank accounts in the USA, UK, Japan, and Europe.
With these accounts, you can 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 be paid into your virtual US bank account.
4. How to withdraw money from Payoneer
To withdraw funds, select ‘Withdraw to Bank Account’ from the menu.
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, but 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)
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 cheque.
Currently, 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.com or opt for one of the other preferred payment options.
Before you return to your Amazon affiliate account to set your preferred payment method, may I ask you to spare one minute to leave feedback about my blog post? Did my content help you? Was my blog post easy to follow? I appreciate all feedback.
If you have not signed up to be an Amazon affiliate yet and want to join, check out my ‘How do I sign up for the Amazon affiliate program?‘ post, or apply at Amazon’s affiliate program sign up page.