In my post, I am going to take you step by step on how to set up a preferred payment method in your Amazon affiliate account.
Amazon has an option for affiliates to get commission payments paid directly into their personal bank accounts. At the time of writing this post, this option is open to 48 countries.
If you have an Amazon affiliate account but are not on this country list, don’t worry, I show you how to get access to a US bank account and free credit card.
Before I start, it is important to note that it is not possible to withdraw money from your Amazon affiliate account. Amazon pays its affiliates on the first of each month providing they earn commissions above the minimum payout amount of $10. They also pay two months late, for example, a commission earned in January will be paid on the first of March.
Let’s set up a preferred payment method.
- Log in to your U.S Amazon affiliate account
- Access your account settings
- If you are not on the country list, you can do this to withdraw money from your affiliate account
- How to withdraw money from Payoneer to a bank account
- Frequently asked questions
Log 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.
Access your account settings
After you sign in, you will come to your affiliate dashboard. On the top-right, is your email address. 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 will 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 choose from 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.
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’.
Once you confirm your payment method. Amazon will start paying you by this method from the first of the following month.
If you are not on the country list, you can do this to withdraw money from your affiliate account
If you are not on the list of countries to get payments paid into your bank account and you do not want an Amazon gift card or payment by check. There is another option, you can use Payoneer to receive payments.
This is Payoneer’s homepage.
When you sign up for a free Payoneer account, you get access to virtual bank accounts in the USA, UK, Japan, and Europe.
With these accounts, you can receive payments 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.
Click on the ‘View details’ link of the account, and you will see the information needed to complete your preferred payment method on your Amazon affiliate account.
How to withdraw money from Payoneer to a bank account
Payoneer makes their money from moving funds from your virtual account to your personal bank account, if you do this is, it can get expensive.
The alternative method is to order a credit card from Payoneer. You can apply for one card per account. There is no fee for ordering or using the card. With the card, you can make purchases online and the funds are deducted from your virtual account.
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. This is a ‘refer a friend’ link, which means that if you receive $1000 dollars into your Payoneer account, both you and I, receive $25.
The option to get paid into your bank account makes receiving your commission payments easier.
If your country is not on the list of 48 countries, I recommend using Payoneer and ordering a credit card from them to avoid paying expensive fees.
Before Amazon added the direct payment option, I used Payoneer to open a bank account in the US so I could receive payments from Amazon. I ordered the credit card and made online purchases.
I hope with my post I have helped you set up your preferred payment for your Amazon affiliate account. Before you disappear, I kindly ask that you spare a minute to leave me a comment. Did I help you with my post? Would you like me to add more information? Do you have an issue that I couldn’t help you solve with my content? I look forward to reading your 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. If you do not need a walk-through head over to Amazon to join up at Amazon’s affiliate program sign up page.
Frequently asked questions
Once you have been accepted into the Amazon affiliate program, go to your account settings on your dashboard and set up your preferred payment method.
Yes, they do.
No, you can’t. Your commission payments are held in your account until you reach the minimum payout limit. When you reach this limit, Amazon will pay you via your preferred payment method.