Why do i need to use a credit card as a deposit method for FBA
1. How will the money be transferred to my credit card
2. Am I meant to make some kind of payments with the credit card
3. For what reasons can I not use a debit card instead (I'm aware you can use a debit card but not all of them will work, I'm asking to know what reasons are behind not being able to use certain cards)
Why do i need to use a credit card as a deposit method for FBA
1. How will the money be transferred to my credit card
2. Am I meant to make some kind of payments with the credit card
3. For what reasons can I not use a debit card instead (I'm aware you can use a debit card but not all of them will work, I'm asking to know what reasons are behind not being able to use certain cards)
4 replies
Seller_OvL8C4BJWiuS9
The credit card is not for a deposit method, it's a verification step to list/sell on Amazon.
Seller_MyXY4Myx9zVcR
" Am I meant to make some kind of payments with the credit card [?]"
Amazon will charge your valid credit card for any fees that exceed your sales.
Credit cards are a much more reliable way for Amazon to collect what is owed than debit cards.
Seller_nRFmxiQg4EGrw
It won't. Money will be transferred to your bank account on file. This may or may not be the same bank as your CC.
Normally? No. As a backup in case your sales revenue does not cover costs? Yes.
Two good explanations. First of all, a true CC is a more reliable method for Amazon to be sure of getting money from you if your sales do not cover expenses.
As a second reason, requiring you to have a CC is a quick and easy way for Amazon to verify that, at least to someone, you have valid credit. Easier than running credit checks on everyone.
Steve_Amazon
Hi @Seller_wKLqJdeAT0IFH,
Steve from Amazon here, thank you for the questions. There are two main methods that must be active in order to have full access to to list items. A bank account as a deposit method, this is used to receive payments from Amazon, and a Credit Card which is the charge method used to pay fees and other charges that may occur.
It is important to check the below information related to your credit card.
- Is the credit card valid?
- Is there a minimum charge amount?
- Are you using a pre-paid card? (Note: Use of a pre-paid card is not accepted for a selling account.)
- Does the bank have a record of the charge attempt?
- Are there bank limits or policies that prevent the charge attempt from being authorized?
- Is there any incorrect credit card information entered? (Note: All the credit card information entered such as number, name, address, ZIP code, or expiration date must be an exact match with your card details.)
- Is this chargeable in the currency of the Amazon marketplace where you registered your seller account?
Please let me know if there are any other questions.
Thanks,
Steve
