Amazon Rolls Out Seller Wallet Across Seven European Marketplaces

AMZNAMZN

Amazon has extended Seller Wallet to seven European marketplaces, including Belgium, Germany, Ireland, the Netherlands and Spain, enabling merchants to hold, monitor and transfer euro proceeds within Seller Central. The service offers balance tracking, single or scheduled transfers, a declining international transaction fee and euro payments for suppliers, VAT obligations.

1. Expansion to European Marketplaces

Amazon extended Seller Wallet to seven European marketplaces, including Belgium, Germany, Ireland, the Netherlands and Spain, allowing merchants to retain and monitor euro-denominated proceeds directly within Seller Central without additional enrollment requirements.

2. Features and Fee Structure

The service provides balance tracking along with one-time or scheduled transfers and applies a single international transaction fee that decreases as sellers’ transaction volumes grow, with exchange rates displayed upfront before completion.

3. Impact on Seller Operations

Merchants can use euro balances to pay suppliers and settle VAT liabilities across multiple countries, streamlining cross-border payments and giving sellers greater control over timing, costs and currency management.

Sources

FF