You want to receive your hard-earned money as quickly as possible. With Express Payout, you can receive deposits from Amazon in your bank account within 24 hours—any day, any time (even Sundays).
Express Payout—announced at this year’s Accelerate—is a new payments service available now to U.S. sellers. Instead of waiting three to five days for money to clear the ACH payment network, eligible sellers can receive deposits in 24 hours thanks to our new integration with a network of hundreds of banks and credit unions
It’s a game-changer for small- and medium-sized businesses who can use fast access to funds to help grow their business.
Who can use Express Payout?
To be eligible for Express Payout, you must:
- Have an account with an in-network U.S. bank.
- Live in one of the 50 states. Sellers in U.S. territories are not eligible.
- Have transactions of $1 million or below at the time of the payment initiation.
If you meet all of the above requirements, you can opt-in to the free Express Payout service on the Deposit Methods page on Seller Central (login required).
Are there any fees?
Express Payout is available for free through September 2023. After the promotional period ends, we’ll charge a flat fee of 50 cents per Express Payout. We’ll notify you before the promotional period ends, and of any other fee changes, and you can deactivate the service at any time through Deposit Methods.
Once I sign up, which payouts are affected?
Once you’ve enrolled in Express Payout, the new settings apply only for that specific bank account. All payouts of $1 million or less from the US Amazon store will be completed through Express Payout, unless you opt out or are no longer eligible. This includes automatically-scheduled payouts through your settlement cycle as well as any manually-initiated payouts.
What happens if I opt-out of Express Payout?
If you choose Express Payout and then opt out later, your bank account will return to the default Standard Payout setting. Standard Payout sends money through ACH payment networks in the current three-to-five-day timeline, with no fees.
For more information, login to Seller Central to review Express Payout terms and conditions.
Leave your comment