Getting Started: How to Set Up Your Amazon Seller Payment Methods

Hello Sellers!

Connor from Amazon here, I'm happy to share some detailed guidance on setting up and managing your seller profile banking and deposit methods. I know there's a lot to keep track of, so I've broken it down into easy-to-follow steps. My goal is to make this process as smooth as possible for you.

Setting Up Your Payment Methods

Let's dive into the essential steps for managing your payments:

Adding Your Bank Account:

This is a crucial step to ensure you receive your payouts promptly. Here's how to do it:

• Visit your Payment Settings page (https://sellercentral.amazon.com/global-dashboard/payment-information)

• Look for “Deposit Methods“ and click on the hyperlink

• Choose "Add new deposit method"

• Follow the prompts on your screen

Note: When adding your bank account, you'll need to provide your account number and routing number. Double-check these details to avoid any delays in receiving your funds. Remember, there's a 3-day security hold after any bank changes. This is to protect your account, but it means you should plan ahead, especially if you're expecting a payout soon.

Verifying Your Bank Account:

Verification is an important security measure. Here's what you need to do:

• Head to: Deposit Methods - (https://sellercentral.amazon.com/payments/depositMethods)

• Click "Manage Deposit Methods"

• Select "Verify Bank Account"

• Upload your bank statement

When uploading your bank statement, make sure it's a recent one (usually within the last 90 days) and clearly shows your name, account number, and bank name. The verification process typically takes 2-3 business days, but it can sometimes take longer, so it's best to take care of this well in advance of when you need to receive payments.

Remember, my team and I are here to support you every step of the way. If you encounter any challenges or have questions about these processes, please don't hesitate to reach out. Your success is important to us, and we're always happy to help!

Best regards,

Connor