Alternative Deposit Methods of payoneer in Saudi Arabia for South Asian Users? What is amazon payment services ?Can we Use it?
Hello Forum Members,
I hope you’re all doing well. I have some questions regarding alternative deposit methods in Saudi Arabia, especially for South Asian users. I’d appreciate your insights on the following:
Alternative Deposit Methods for South Asian Users: Are there any deposit methods other than Payoneer that are commonly used in Saudi Arabia by South Asian individuals or businesses for receiving payments from platforms like Amazon?
Understanding Amazon Payment Services: Could someone please explain what Amazon Payment Services is and how it works in the context of receiving payments from Amazon? Is it a viable option for South Asian users?
I’m looking to gather information and explore options for smoother payment transactions in the region, and your experiences and knowledge would be incredibly valuable.
Thank you in advance for your assistance!
Best regards,
Alternative Deposit Methods of payoneer in Saudi Arabia for South Asian Users? What is amazon payment services ?Can we Use it?
Hello Forum Members,
I hope you’re all doing well. I have some questions regarding alternative deposit methods in Saudi Arabia, especially for South Asian users. I’d appreciate your insights on the following:
Alternative Deposit Methods for South Asian Users: Are there any deposit methods other than Payoneer that are commonly used in Saudi Arabia by South Asian individuals or businesses for receiving payments from platforms like Amazon?
Understanding Amazon Payment Services: Could someone please explain what Amazon Payment Services is and how it works in the context of receiving payments from Amazon? Is it a viable option for South Asian users?
I’m looking to gather information and explore options for smoother payment transactions in the region, and your experiences and knowledge would be incredibly valuable.
Thank you in advance for your assistance!
Best regards,
1 reply
Micah_Amazon
Hello @Seller_StzkCzAALrMAu,
Thank you for your post. I will be more than happy to answer this question and also point you to the correct resources.
What is the Payment Service Provider program?
As part of our continued effort to make Amazon the safest and most trusted store in the world for customers and sellers, we launched the Payment Service Provider Program. This enhances our ability to detect, prevent, and take actions against potential bad actors so we can continue to protect customers and sellers from fraud and abuse. Sellers that choose to use a Payment Service Provider (PSP) to receive their Amazon store sales proceeds are required to use a PSP that is participating in this Program.
How do I know if I’m using a Payment Service Provider (PSP)?
You are using a PSP if the bank account you assigned as Deposit Method to your Amazon store is managed by a payment company instead of directly issued to you by a deposit-taking bank.
How do I know if I need to switch my PSP or provide another bank account?
If you use a PSP that is not listed as a currently participating PSP, we recommend you contact them to learn about their enrollment plan. If they do not plan to enroll, switch to one of the following disbursement solutions within 45 days after receiving an email notification from Amazon:
- A bank account provided to you by a participating PSP
- A bank account directly issued to you by a deposit-taking bank accepting disbursements in your Amazon store currency
- Amazon Currency Converter for Sellers (ACCS) disbursing to your bank account obtained either directly from a deposit-taking bank or from a participating PSP
You will also be able to switch a PSP HERE
You may want to also check out the seller wallet program. Amazon Seller Wallet is a new service that empowers you to store proceeds from your sales on Amazon in a digital account and have more control over when to convert proceeds, and how much to convert. This is used globally.
Please let me know if you have additional questions.
Cheers,
Micah
