Types of professions have been changing since the wake of the internet. Nowadays, young professionals are not binding themselves within nine to five desk jobs. Even if they are doing any day jobs, they can indulge themselves in other income sources like the internet. Amazon Affiliate marketing is one of the unconventional professions that many find enjoyable and good for making lots of money. But many affiliates struggle with the payment method of amazon and expect payment in INR. In this article, I will help you to get international payments to local currency INR.
Amazon Affiliate Marketing
Amazon affiliate marketing is a business model that achieved the attention of lots of young marketers, content creators, and bloggers. It is a way of marketing products on amazon. The company provides links to their products to affiliates who incorporate those links in their content, blogs, and posts to generate traffic for amazon products.
If the followers of that affiliate use the links in their post to get to the purchasing page of amazon, then the affiliates earn one to ten percent of revenue as referral revenue. As a result, many content creators, Instagram influencers, and YouTubers use amazon affiliate marketing to make extra cash flow.
The Problem With Payment Methods
But the problem occurs for many Amazon affiliates who find it difficult to accept payment in dollars and expect the payment to be in their local currency. The Amazon US affiliates based in India often struggle with the payment method of amazon.
Worry no more; this article intends to provide an effective solution to that noted problem.
But first, let me educate you on the different payment methods of amazon, then we will discuss how to get International Payments to local Currency INR
Amazon Payment Methods & What’s Changed
The Amazon affiliate business program’s payment method is not what it used to be in the past. Before, the payment was only available in the form of a check or Amazon gift cards. Now, thankfully, amazon allows payment via bank transfer to many country’s local banks.
Amazon has a list of 52 countries where the company offers payment via international bank transactions. The amazon affiliate programs offer your price through bank transfer to your local account if you are from any of these countries. To avail of the payment in your local bank account, follow the below steps-
● Log in to your Amazon Associate Central account first, then select Account Settings.
● Locate Payment and Tax Information under the Menu icon and select the sub-menu item called “Change Payment Method.”
● Checkmark Pay Me By Direct Deposit next.
● Next, you have to provide the bank locations and the country. Follow through with the next options where it only requires you to provide the bank account information.
Note: Since India is not among the list of amazon’s bank transfer-supported countries, this method will not work for India-based amazon affiliates. Instead, follow through with the next option to get the associate marketer’s revenue transferred successfully to the bank account.
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Payoneer
Like Paypal, Payoneer also allows global payment. Using Payoneer India-based International amazon, affiliate marketers can easily get their payment without having to wait for amazon checks or amazon gift cards. Here are the steps to set you up with Payoneer-
● The first step is – “Getting started,” which requires you to enter your basic information. The information is generally about who you are.
● The next step requires you to provide Payoneer your address and the ways they can contact you.
● Step three is all about security details. It is where you set up a username and password. Be careful with your username and password and set up a good security question. It gets bothersome if you need to recover the account and you have forgotten the security question and your password.
● The fourth step asks you about your local bank details. You need to fill out the form with your local bank account information.
● You have to agree to the terms & conditions, pricing, and fees, and you will be ready to sign up.
● You have to wait for the approval, which does not take more than three to five days. Once the account has approval, you are ready to receive the payments.
PingPong
PingPong is another way to get amazon payments transferred to local bank accounts. It has zero maintenance fees and saves up to 71% on your currency conversion. In addition, it only takes a 1% charge for international funds to be revenue in your local bank accounts. If you don’t want to use Payoneer, you can opt for PingPong.
Conclusion
So, these were some of the best solutions to get international payments to local currency. For an India-based international amazon affiliate, Payoneer is the best option to get their payment transferred to their local accounts. Other options like checks and Amazon Gift cards are available, but the affiliate finds those options hectic.
