Wise business bank accounts
Hi I am looking at changing my business bank account from Nat West to Wise. Looking on wise web site it acually promotes that it specialises in amazon sellers qoute 30,000+ businesses trust Wise to payout Amazon earnings. So does Amazon recognise / accept wise as a bank as I seem to remember on here sellers were having problems getting verifcation and getting suspended for trying to switch. Wise even state on the website that amazon sellers dont pay the monthly bank fees. Thank you for your help. ps I live in the UK and my business and VAT is registered and operated in the UK I do not sell outside of the UK
Wise business bank accounts
Hi I am looking at changing my business bank account from Nat West to Wise. Looking on wise web site it acually promotes that it specialises in amazon sellers qoute 30,000+ businesses trust Wise to payout Amazon earnings. So does Amazon recognise / accept wise as a bank as I seem to remember on here sellers were having problems getting verifcation and getting suspended for trying to switch. Wise even state on the website that amazon sellers dont pay the monthly bank fees. Thank you for your help. ps I live in the UK and my business and VAT is registered and operated in the UK I do not sell outside of the UK
11 replies
Seller_xBbCSp7Dl8us7
Also on the wise website they state
Pay ZERO fees when receiving from Amazon. Pay a low fee when sending
Wise is participating in Amazon's Payment Service Provider Program
Seller_QuM1AZgzfU9x4
They weren't acceptable for quite a while, but they they are now on Amazon's list.
Seller_ZVAz3d5lZuGid
I have just checked Amazon's list of accepted PSPs and Wise is on that list, though, like you, I do remember that some sellers did have problems. I guess if you do encounter problems you just need to show Amazon their own list.
Seller_ExO2KKCwIDvij
Just out of interest why are you considering Wise?
Do banks really charge fees on business accounts? I know mine doesn't.
Sarah_Amzn
Hello @Seller_xBbCSp7Dl8us7,
I'm Sarah with Amazon.
Were you successful in getting your Wise bank account approved?
