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 Even if dollars are withdrawn somehow to a non-US dollar account, they're first converted to the local currency, and then back into dollars in the non-US account.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?
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 Jonathan Wylie 7 months ago
Last month, and in other recent months, my Amazon earnings are almost twice as much as my Ad Program earnings, yet, every month, I get notices from Hubpages saying that they removed Amazon capsules from my articles. I add them back in and they take them back out, and so the dance continues. I am...
by Brian Slater 9 years ago
I am wondering which bank people in the UK pay their Amazon cheque into. Don't ordinary high street banks take a slice before converting it back into ££££.
by Paul Edmondson 5 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 Sondra Rochelle 13 months ago
It's been about 3 days or so since I saw anything but "pending" on my Amazon account. Anybody else? I know the team is busy with the merger, but it would be nice if they managed to keep our Amazon stats updated, too.
by Sondra Rochelle 2 years ago
I am wondering if anybody else has noticed a good sized drop in Amazon earnings this month. I'm usually at 3 figure per month, but this month it's possible I won't even make payout. Something doesn't seem right here. Anybody?
by Bev G 18 months ago
We have another thread connected to this, but no-one from the staff side has responded. The recent changes in the structure of Amazon commission seem to have had a detrimental affect. While the number of sales has not decreased, earnings have halved this month.89 shipped sales (103 total sales so...
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