Amazon’s official answer to detailed explanation of seller payment options and product selection tools

Payment options for Amazon sellers

When you open a new seller account on Amazon, there are several ways you can set up your account to get paid. Here are the main payment methods:

• Use a bank account in the country of sale: If you want to maintain a high level of control over your financial accounts, you can open a bank account in the country of sale.
• Use the Amazon Currency Converter: If you don’t want to open a bank account in another country, you can use the Amazon Currency Converter service. As long as your bank account is in a supported country and your currency is supported, you can receive payments directly into your local bank account.
• Use a third-party currency conversion service: If you don’t want to open a bank account in a country supported by Amazon Currency Converter, you can use a third-party service such as Hyperwallet to convert your currency.

How Amazon Currency Converter Works

When you enter a bank account currency that is different from the currency of your selling marketplace, you must accept the Amazon Currency Converter terms and conditions to use the service. Each payment is automatically transferred to your bank account in local currency.

How to get started with Amazon Currency Converter

• Click [Account Information] in the [Settings] menu.
• Click the [Bank Account Information] button on the [Seller Account Information] page.
• Select an existing bank account or register a new account on the [Deposit Method] page.
• Select the country where your bank is located.
• Enter bank account information, accept the terms and conditions, and click the [Submit] button.

Fees

After activating Amazon Currency Converter, you can click the [View Exchange Rate] button on the [Payment Summary] page to view the applicable exchange rate, which includes all related fees.

Amazon product selection tool

Official product selection tool

Amazon’s backend provides a recommended product selection function to help sellers solve product selection problems. This feature requires the seller account to meet the following conditions:

• Have an active account (UK, Germany, Japan, US).
• Professional sales account.
• Registered for more than one year and sales exceed a certain amount.
• There are high-demand products in the sales category.

Product Selection Tool Operation Guide

After logging into the seller’s backend, find the “Add New Product” column on the homepage and click to enter. You will see the “New Products” and “Advanced Research” sections.

• The new product section provides recommendations for high-demand ASIN products.
• The advanced research section displays data such as buyer preferences and competition.

Comprehensive list of Amazon product selection tools

AmazeOwl

Provide competitor product sales information and adopt a five-star rating system.

AMZScout

Intelligent Amazon product research tool to obtain sales data of competing products.

UnicornSmasher

Chrome extension, Google Chrome only.

Purple Bird Data Cube

Competitive word analysis, keyword monitoring and other functions.

ASINspector

Help compare prices across the Internet and understand the commercial advantages of products.

Data Pulse

Specially designed for the Amazon market, providing the latest market trends.

Free product selection tool

• Unicorn Smasher: Free Chrome extension that provides sales data.
• CamelCamelCamel: Track specific product prices for free.
• Jungle Scout: Provides important reference data.

Third-party product selection tools

• AMZ.one: Keyword ranking tracking, best-selling products, etc.
• HelloProfit: Estimated sales analysis.
• KeywordInspector: Find Amazon consumer keywords.

The above are payment options and product selection tools commonly used by Amazon sellers. We hope to help sellers better manage their accounts and improve sales performance.