Great news. I just had an email saying that international earnings can now be paid by direct credit to a local bank account. Yay!
I hold off claiming mine because of the extortionate charges of paying in a foreign currency cheque.
Here's the email...
"We have good news to share. You can now receive your international affiliate earnings via direct deposit to your local bank account. Want to know more?
Key Benefits to International Direct Deposit:
Fast and easy direct deposit
No more checks or Amazon Gift Cards issued for international earnings
Limits postal or check clearing delays
Is this in dollars? I thought dollars couldn't be exported from the US? I had an issue with PayPal who wouldn't allow me to withdraw in dollars to my non-US based dollar bank account.
I get paid in $s and they are transferred, without charge, to my UK account. Always have been. I've never had any issue with Paypal in that respect... I would think that Amazon will be the same.
Dollars are not hard to move, you either have a US$ account or the bank changes the currency by using the current exchange rate.
Yes, but you can't withdraw dollars to a dollar account that isn't based in the US. PayPal wouldn't accept my IBAN. Even if dollars are withdrawn somehow to a non-US dollar account, they're first converted to the local currency, and then back into dollars in the non-US account.
If it works in the same way as Amazon KDP, they (Amazon) apply an exchange rate at source and transfer sterling into your bank account.
Yes, however PayPal screw us with a commission for currency exchange They say they don't but it's built into their exchange rate as far as I know.
PayPal is not involved. Monies are deposited straight into your bank account. Nonetheless, the rate given by Amazon can hardly be described as competitive.
Can they deposit dollars into a non-US dollar account?
That is what the announcement said. I don't think the first payment has actually happened yet.
They don't with Amazon KDP, but they process numerous currencies, not just USD.
I entered my bank details yesterday and got the impression that they will be paying in GBP or Euros, depending upon the currency of your bank account. This suggests to me that they will not be paying directly with USD for non-US residents.
There is a very small charge with PayPal, I think. Good news on the Amazon payments, although I used to do quite well with that but let all my amazon articles go to pot so now earn virtually nothing!
You could set up a TransferWise account to get around PayPal's currency conversion fees. I've not tried it myself, but found this blog post that explains how. https: rusticated.co/blogging/how-not-to-lose-out-when-transferring-a-usd-balance-from-paypal-to-a-uk-bank-account/
Hope that helps.
I've seen this mentioned when looking up PayPal fees. Would HubPages have to pay to a TransferWise account though?
Go to the second half of the article headed "But I need to use PayPal!"
Hmm, that's interesting. I wonder can I add another step and transfer dollars then to my non-US dollar account (which is in my bank here in Ireland?). Somehow I feel it's more secure there than in some virtual bank. My original idea of opening a dollar account locally was so that I could wait until exchange rates are more favourable before converting to Euros.
I've just read all the comments posted at the bottom of the blog article I suggested and it seems as though PayPal are not playing ball. They are refusing to accept that TransferWise accounts are "real" bank accounts. So it looks as though this method doesn't work after all.
(I've therefore broken the live link in my earlier post.)
by Bill Manning 12 years ago
So how is everyone's earnings from Amazon going for December? I'm up to $134.00 already and sold 16 items yesterday. I will beat last month no problem.I'm hoping the next few weeks has a lot of last minute shoppers, and I think that will happen. How about you?
by Shadaan Alam 8 years ago
It is happening for the first time ever that i am seeing no amazon sales for the past 7 days. Is it me alone?
by Bev G 2 years ago
Yes!The rates are crap though
by Paul Edmondson 9 years ago
We are going to increase Amazon earnings for most of you! Amazon is becoming part of the HP Earnings program. In early November folks will have the opportunity to switch to get paid their Amazon earnings through the HP Earnings program. For new Hubbers, this will greatly simplify...
by Susannah Birch 8 years ago
I've posted on their wall about it - from the time a sale is made, I could be waiting up to 5 months to see that money in my bank account, even if I reach the payout limit every month. If you have a minute, please go like and comment. Doubt they'll make a change, but may as well try...
by Beth Eaglescliffe 2 years ago
This message is for Matt and the team at HP.Starting May 1st 2020, and all dates following, all my Amazon sales (within the HP earning program) have been recorded as having 0% commission rate. These are not Amazon Fresh items, nor returns. Please can you investigate as this is seriously denting my...
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