Amazon has selected Payoneer to expand cross-border payment options to sellers from 24 countries who sell on marketplaces in the US, Spain, France, Italy, Germany and the UK.
As a featured payment solution for select countries within Amazon Seller Central, Payoneer provides a way for
sellers from top markets including China, Japan and South Korea to receive their Amazon disbursements. In cooperation with Payoneer, Amazon now allows sellers to sign up for Payoneer directly from Amazon Seller Central.
Upon Payoneer registration, sellers receive online accounts that can collect Amazon disbursements, and that provide access to these disbursements through local bank account withdrawal or through the use of a Payoneer MasterCard. This alliance marks the first time that Amazon has expanded Seller Central cross-border payment capabilities through alliance with an external payment solution.
Recent research shows that e-commerce sales will reach $3.5 trillion by 2020 (12.4% of total retail sales) as more people around the world come online. With sellers in more than 100 countries, Amazon continues to remove barriers for its international sellers, enabling them to get paid locally as they grow their businesses worldwide.
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