Affiliate marketing is one of the best ways to earn money online. Among various popular platforms, Amazon’s affiliate program is the best and efficient to work with. Getting commissions from Amazon is extremely easy and the payments made by them is always on time. Hence, one of the reasons for its popularity.
Payment Methods Supported by Amazon Associates Program
Amazon offers some of the payment methods to their affiliate marketers namely:
Check: Which is applicable for international affiliates too but it takes few days for the checks to process from the US to other countries.
The minimum amount of check has to be of $100 for Amazon to send it. Therefore, until your earnings reach $100 you cannot withdraw the amount.
Gift Certificate: Amazon offers gift certificates as a form of payment method to their affiliate marketers. They can then use it for your own personal shopping or sell it to someone else. The popular way of selling these gift certificates is through eBay, but you will get the less money from the actual amount of gift certificate.
Direct deposit: Amazon has the method if directly depositing your earnings in your bank account. But this applies only to US residents, which makes it impossible for non-US residents to opt for.
Above options are good but are not viable enough for many affiliate marketers to work with. Hence, restricting many small business owners to use Amazon as their selling platform.
Therefore, there is an alternative to this system is using a payment service Payoneer.
What is Payoneer?
Payoneer is a popular payment service which enables businesses to transfer money online across the globe. You can get paid in your local bank account from US and European companies, in your own currency.
Payoneer was founded in the year 2005 in New York, it is ranked as one of the topmost financial service provider company. The mission of Payoneer is to enable businesses of all kind to proceed with an easy transaction of finances without any hassle.
Payoneer works in more than 200 countries which makes it extremely convenient to use. It service charges are minimal which enables many small businesses and freelancers to use it. Many of the bigger businesses also use Payoneer for a transaction.
They have 14 offices across the world and more than 1000 employees are constantly working to make the system highly efficient and updated.
Benefits of using Payoneer?
There are many other online payment services that can be used, but the advantages Payoneer brings makes it a popular choice for businesses to use. Few of these advantages are given below:
- It is easy to use.
- They process payments faster and directly into your account.
- They deduct only 1% of the payment as their service charge which is extremely low as compared to other online payment providers.
- Can also be used for online shopping.
- You can use it to withdraw money from Paypal, Upwork, Freelancer, etc
- As it is available in 200 countries, it is easier to use across the globe.
- A transaction between two Payoneer accounts is easy and free of cost.
- By adding your local bank account to Payoneer, you can transfer money to your account directly.
- You can get your payment in your own currency.
- You can easily link any of your bank accounts with them. They work with a huge number of banks.
- Their customer service is extremely efficient and is available for 24/7.
Is Payoneer safe to use?
There are many who are used to the older format of financial transaction are hesitant to use online payment service. It is absolutely safe to use and highly efficient in a digital transaction. There are few valid points to trust Payoneer on their transactions.
- It is more than 12 years old company, hence they have been in the business for long.
- Many of the bigger companies across the globe use their services including Amazon.
- Your personal information or bank account details are not shared with anyone. Because they use best getaway security system, hence your information is confidential.
- They provide you with a MasterCard.
- Even if you have lost your MasterCard, they will provide a new one. Hence, all the money is transferred to the new card from the old one.
How to Receive Amazon Affiliate Payment using Payoneer
Step 1: Create Payoneer Account
Creating an account on Payoneer is easy. Below are the steps which explain in creating the account:
- When visiting the website, go to the sign-up page.
- Share your contact number and address which you have for your bank account. Ensure to give the correct contact information, as this will be used for verification.
- Then write your username, password and security question
- Ensure that you use a strong password.
- The last step is to share your current bank account details.
Step 2: Getting Payoneer bank account details
- Go to the page “Global Payment Service”.
- Here Payoneer will give you your account details.
- Later, which will be using for your Amazon affiliate programs.
It is from here, that Amazon will transfer the money to your Payoneer account, which will transfer it to your bank account.
Step 3: Receiving Amazon Payment from Payoneer
After creating Payoneer account, the next step is to connect it with your Amazon affiliate payment system. Here are the steps to proceed with it:
- Go to the Amazon Affiliate Dashboard and log in to their US affiliate. (Payoneer works with US, UK, FR, DE, IT, ES Amazon Associates Program)
- Then go to account settings, where you will find the option of “change payment method”.
- Then select the option “Pay me by direct deposit”.
- Cross check everything before proceeding ahead.
- Once done, click on submit button.
Now Amazon will make all your payments to your Payoneer account.
Payoneer brings the ease of doing business for everyone, which is why Amazon uses this to pay their affiliate marketers. It is reliable and fast to use. It is extremely popular among non-US residents and sellers from countries like China, India, Mexico or any other uses Payoneer.