Amazon launched a new wallet for global sellers to manage payouts more easily. It will roll out to sellers over the next few months.
In a post on the About Amazon blog, Max Bardon, Vice President of Amazon Worldwide Payments, shared that the initial launch is available to a select number of small businesses. “We plan to collect feedback from sellers and continue to refine this tool over time.”
Account maintenance is free, but when sellers convert and transfer funds, volume-based currency conversion and international transfer fees will apply. It plans to add capabilities including third-party payments and foreign exchange rate tools in the future.
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