Express Payout
How do I enable express payout after adding a new deposit method on Amazon Seller Central? It's not allowing me to select it. Any tips or insights would be greatly appreciated!
Express Payout
How do I enable express payout after adding a new deposit method on Amazon Seller Central? It's not allowing me to select it. Any tips or insights would be greatly appreciated!
0 replies
Seller_Hi7wbO2Kbo6bl
It is possible that you may just have to wait awhile.
Have you yet had a normal payout through this new deposit method?
Micah_Amazon
Hello @Seller_Bn1TQ0UhZ1cRN,
Thank you for your post. I have provided some information based on your inquiry below.
What is Express Payout (Bank Account)?
Express Payout (Bank Account) allows eligible US store sellers to receive payouts from their accrued Seller Central balance to their authorized bank account within 24 hours, instead of the current 3 to 5 business days. To qualify, you must have a US bank account and sell and reside in the US.
You can also receive payouts via Express Payout (Visa Debit Card) by using US or UK Visa debit cards.
Express Payout (Bank Account) is different than Disburse on Demand, which allows you to request a payout manually by clicking Request payment on the Payments dashboard.
With Disburse on Demand, your funds would be disbursed within 3 to 5 business days, unless your bank account is concurrently enrolled in Express Payout.
Am I eligible for Express Payout (Bank Account)?
To qualify for Express Payout (Bank Account), you must meet the following conditions:
Have a US bank account that’s in network. To check that your bank is in network, go to Routing/transit numbers and confirm that your account routing number is listed.
Your business must reside in any of the 50 US states. US territories are not eligible for Express Payout (Bank Account).
Your transaction must be $1 million or below at the time of the payment initiation. Partial payouts aren’t permitted. For example, Amazon cannot pay $900 of a $1,000 balance on Seller Central.
To enroll, go to Deposit Methods.
Please let me know if you need any additional assistance.
Cheers,
Micah