If you are one of the U.S. Amazon affiliate marketers who live outside of U.S., then the very first problem which you will face, is receiving payment after having some earnings in your account. Amazon usually delivers payment in the form of check or gift card to such affiliates.
If you choose check as a mode of payment, then it will take a good amount of time to reach in front of your door. On the other hand, if you choose gift card, then it will be completely useless for you because you can use it only on amazon.com, not on your country specific website like amazon.uk or amazon.in. The best solution of this problem is using Payoneer and getting a virtual bank account number.
What is Payoneer?
Payoneer is one of the Global Payment Service like Paypal which allows you to receive payment from U.S. & European companies. To withdraw an amount, you need to provide your bank details and make sure it is accurate. Your name must match with the name that you have mentioned in your Payoneer account.
If you are from India, then the amount will be transferred to your bank account within 24 hours by Payoneer automatically. However, it will take 4-5 business to get credited in your bank account. The payment processing is like ease in and ease out, so you don’t need to worry about it. Whenever they transfer an amount to your bank, you will receive an email notification about it.
Can We Receive Payment from Anyone using Payoneer?
The answer is NO. Payoneer only works with their own whitelist companies. It does not work like Paypal, where you only need to provide your Paypal email to receive payments. If you want to receive payment from an overseas company, then you can simply contact Payoneer to get more info about it.
Payoneer Exchange Rates
I would not go much in detail about this because Payoneer has already created a blog post about it here. Besides this blog post, I would like to let you know that Payoneer deducts 3$ upon every payment transfer to your bank account.
Why to Join Payoneer?
As of now, the top reason is their 25$ bonus upon completion of 100$ transaction (sending or receiving). By simply using Payoneer, you can make your first 25$ absolutely for free.
How to use Payoneer with Amazon Associates Program?
Get your virtual bank account details from Payoneer.
Select Direct Deposit as payment option in Amazon Affiliate dashboard and enter Payoneer bank account details.
I must say that this is one the best option for freelancers after Paypal to receive payments. Most of the freelancing websites do support Payoneer, so I urge you to go with Payoneer. If you haven’t tried it, then you must try it at least once.