IvanWalsh.com – Learn How To Run Your Business Online header image 2

Amazon Associates penalized by Check Payments

April 15th, 2009 · View Comments · How To

Amazon Associates using check to received payments should switch to the Direct Debit as there is now a $15 penalty for getting your payments. by check. This applies to customers in the US mostly as if you are outside the US and cannot setup a direct debit, Amazon may overlook this. But you should check, to be sure. The advantages of using to choosing direct deposit instead of by check are:
  • Minimum payment threshold for direct deposit is only $10, compared to $100 for checks.
  • Amazon deduct a $15 processing fee from all monthly checks sent to Associates, but there is no charge for payment by direct deposit or gift Certificates.
  • Direct deposit payments reach your bank account three to seven days faster than paper checks.

If your billing address is outside the US, and direct deposit is unavailable to you, Amazon will waive the $15 fee.

Any restrictions

If your bank is not located within the United States, you are not eligible for Direct Deposit of your payments to your account.

If you sign up for Direct Deposit, can I change back to check?

Yes, log into your Amazon.com Associates account and go to “Change your payment method” under “Your Account.” From there you’ll be able to

request to be paid via paper checks at any time.

Do you have notify your financial institution to arrange for Direct Deposit?

No, Amazon we’ll transfer the funds.

What information is required to setup direct debit payments?

The online application requires:

1. Bank Name
2. Bank Account Type
3. Bank Account Number
4. Routing Number
5. Primary Account Holder Name

Will your bank charge for the Direct Deposits?

To date, Amazon.com has not encountered any banks that charge a fee for Direct Deposits, but you may want to contact your bank to make sure.

How do I find my ABA Routing Number and Account Number?

Your ABA routing number and account number is located at the bottom of one of your checks. It’s important to use the numbers from a check and not your checking deposit slip. The numbers at the bottom of your check include a nine-digit bank routing number, the check number, and your account number.

Technorati Tags:

Related posts:

  1. Amazon Payments Pricing Structure and Fees There are no start-up charges, monthly charges, hidden fees, or...
  2. Key Features of Amazon Payments – alternative to PayPal epayments If you want an alternative to PayPal's payment system, take...
  3. Why Debit Cards? Debit is the fastest growing payment method globally Why Debit Cards? Debit is the fastest growing payment method...
  4. 5 Ways to Link your Mobile Phone to your Bank Account It’s now easier than ever to link your mobile phone...
  5. Amazon TextPayMe – Most Popular Text Commands Amazon TextPayMe - Most Popular Text Commands ...

Tags:

View Comments so far ↓

Like gas stations in rural Texas after 10 pm, comments are closed.