Prerequisites
You must meet the following prerequisites to accept international payments from your customers:- You must have an Amazon Global Selling account.
- You must have an active Razorpay account with KYC verification completed.
- Import Export Code (IEC) of the beneficiary is mandatory for all purpose codes.
- You should be an Indian business that falls under the provided list of transaction purpose (export) codes.
Advantages
- Access to a Global Market Sell on 18+ global marketplaces through Amazon Global Selling.
- Secure and Trusted Payments Amazon ensures payment protection, reducing financial risks.
- Simplified Compliance Process Razorpay helps you navigate regulatory requirements, ensuring seamless transactions.
- Seamless Fund Transfers Receive international payouts directly to your bank account without intermediaries.
- Zero FX Markup Transparent pricing with no hidden charges.
- Faster Settlements Get funds settled in one day, improving cash flow.
- Compliance Support Hassle-free documentation, including FIRC and shipping bill regularisation.
- Reliable Customer Support Dedicated Indian support team to assist with queries and resolve issues.
Update Your Amazon Payment Account
Follow the steps given below to change your deposit account in Amazon Seller Central:1
Step 1
Log in to Amazon Seller Central account.
2
Step 2
Navigate to Settings and click Account Info.
3
Step 3
Navigate to the Payment Information tab and click Deposit Methods.
4
Step 4
Enter the relevant bank account details based on your selling region:
- ACH account – Amazon USA
- FPS account – Amazon UK
- SEPA account – Amazon Europe
5
Step 5
Select the Default Account check box (Under Type of Account) to make Razorpay as your primary deposit method and click Set Deposit Method.