Amazon earnings for non-US residents

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  1. theraggededge profile image99
    theraggededgeposted 6 months ago

    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

    1. RoadMonkey profile image86
      RoadMonkeyposted 6 months agoin reply to this

      Great news and long overdue!

  2. eugbug profile image98
    eugbugposted 6 months ago

    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.

    1. theraggededge profile image99
      theraggededgeposted 6 months agoin reply to this

      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.

      1. eugbug profile image98
        eugbugposted 6 months agoin reply to this

        Sorry I meant I couldn't withdraw dollars to a non-US dollar account.

    2. psycheskinner profile image82
      psycheskinnerposted 6 months agoin reply to this

      Dollars are not hard to move, you either have a US$ account or the bank changes the currency by using the current exchange rate.

      1. eugbug profile image98
        eugbugposted 6 months agoin reply to this

        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 Even if dollars are withdrawn somehow to a non-US dollar account, they're first converted to the local currency, and then back into dollars in the non-US account.

    3. Marketing Merit profile image96
      Marketing Meritposted 6 months agoin reply to this

      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.

      1. eugbug profile image98
        eugbugposted 6 months agoin reply to this

        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.

        1. Marketing Merit profile image96
          Marketing Meritposted 6 months agoin reply to this

          PayPal is not involved. Monies are deposited straight into your bank account. Nonetheless, the rate given by Amazon can hardly be described as competitive.

          1. eugbug profile image98
            eugbugposted 6 months agoin reply to this

            Can they deposit dollars into a non-US dollar account?

            1. psycheskinner profile image82
              psycheskinnerposted 6 months agoin reply to this

              That is what the announcement said.  I don't think the first payment has actually happened yet.

              1. eugbug profile image98
                eugbugposted 6 months agoin reply to this

                Hmm. It's a pity HubPages don't pay directly into our bank accounts. But then they'd have to hold our details and they probably don't want to be responsible for maintaining the security of those against hacking attempts.

            2. Marketing Merit profile image96
              Marketing Meritposted 6 months agoin reply to this

              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.

  3. Polly C profile image94
    Polly Cposted 6 months ago

    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!

    1. eugbug profile image98
      eugbugposted 6 months agoin reply to this

      3% if I'm not mistaken.

  4. Beth Eaglescliffe profile image97
    Beth Eaglescliffeposted 6 months ago

    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.

    1. eugbug profile image98
      eugbugposted 6 months agoin reply to this

      I've seen this mentioned when looking up PayPal fees. Would HubPages have to pay to a TransferWise account though?

      1. Beth Eaglescliffe profile image97
        Beth Eaglescliffeposted 6 months agoin reply to this

        Go to the second half of the article headed "But I need to use PayPal!"

  5. eugbug profile image98
    eugbugposted 6 months ago

    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.

  6. Beth Eaglescliffe profile image97
    Beth Eaglescliffeposted 6 months ago

    EDIT
    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.)

    1. eugbug profile image98
      eugbugposted 6 months agoin reply to this

      Presumably because they want to continue making lots of money on currency conversions.

 
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