The entrepreneurial era is on the rise. With the increase in the number of people with a business mentality, the demand for methods of earning extra bucks online is on the rise. In fact, nowadays, people are shifting their focus from 9-5 Jobs to making money over the internet from the comfort of their homes. This has opened the door for many online money-making opportunities. Some of them include blogging, graphic designing, marketing, etc. The best thing about these career options is that you can easily make money on the go as long as you have a laptop, smartphone, or tablet and a solid internet connection.
One such method that is gaining a lot of momentum in the 21st century is Affiliate marketing. Amazon is one of the most popular affiliate marketing platforms. Since it is one of the fastest-growing E-commerce platforms, most people are drawn to it. People with good influential skills can apply to be an Amazon affiliate. For each purchase that occurs through them, they get a commission for it. The more the sales, the more they can earn.
If you are solely focused on meeting huge sales targets, you are likely to earn much more out of the affiliate program. However, it is also a nice option if you are looking out to make some extra money besides your regular job. More and more people are getting associated with this program every day. It is profitable for both the company and the people associated with the affiliate.
Are you associated with Amazon as an affiliate? Do you live in India or outside of the States? Are you receiving your Amazon Affiliate Paychecks after a whole month or paying $15 as a fee for the transaction? Or are you waiting for your funds to reach a $100 threshold?
If yes, then you are in the right place. Most Amazon affiliates in the US make about $10 each month. And of course, who likes to wait for 10 months to reach the minimum threshold? For a long time, I have been searching for options to get my payment from Amazon Affiliate every month. Finally, I found out that it’s possible via Payoneer.
In this post, I’m going to walk you through how you can set up the payment. But first, let us take a look at the Amazon Affiliate Payment Methods.
Amazon Affiliate Payment Methods
Amazon affiliates who reside outside of the US have only two options. Let’s check them out.
Amazon Affiliates Pay Check
When the payment of an affiliate crosses the $100 mark, they receive the amount via payout checks. It takes about a month to attain the check. Moreover, there is a waiting time of another 5 days for the processing of the check. The processing fee for the check is $15.
Amazon Gift Cards
Amazon will gift a claim code to the provided email address and you can use that amount to buy stuff on Amazon. The minimum threshold for this is $10.
How To Receive Amazon Affiliate Payments Via Payoneer?
Only US citizens have the privilege of receiving the Amazon affiliate payment directly in their bank account. If you have a US bank account, then you can use this method. Of course, you can open a bank account in the US even if you don’t reside there. But we have an easier method via Payoneer to withdraw funds.
Payoneer is one of the leading financial services companies. Just like PayPal, it provides digital payment services and online money transfer. PayPal uses your e-mail ID to receive overseas payments. But for this, Payoneer creates a virtual bank account in different countries. The countries include the US(United States), the UK, Japan, European Nations, Australia, China, and Canada. For each country, you will get a separate bank account number once you are done signing up for Payoneer.
If you don’t have a Payoneer account, create one now. Once your transaction crosses $100, you will receive a $50 bonus. Sounds nice, doesn’t it?
For opening a free Payoneer account, you need the following information. An ID in the country you reside in and address proof. After verification, it will take 2-4 working days for the approval of your Payoneer account.
After creating the account, you can log in and follow the steps mentioned below.
Step 1 – Select Payment
Select the option Global Payment service after you logging to Payoneer.
Step 2 – Choose Your Country
It will display a list of countries and their respective bank accounts. Select USD to get access to the US bank account details.
Step 3 – Your Information
Jot down the name of the bank, Routing number, account type, account number, and beneficiary Name on the notepad. Make sure you don’t make any typo errors while doing so.
Step 4 – Log In To Amazon Affiliate
Now log in to Amazon Affiliate Program. At the top right corner, click on the email ID. It will display some options.
Step 5 – Select Account Settings
Click on the Account Setting tab. You will be directed to the Amazon Affiliate account information page.
Step 6 – Change Your Payment Method
There is a link to change the payment method. Click on that link and change your payment options for Amazon affiliates.
Step 7 – Select Payment Method
In this step, you are on the affiliate payment method page. There are three types of payment methods that you can see on this page.
- Pay me by Amazon.com Gift card
- Pay me by Check
- Pay me by Direct deposit (Only for the United States-based associates)
Step 8 – Select Direct Deposit
There is a “Pay me by direct deposit (the United States-based associates only)” option. Select that and fill out the details asked.
Enter the information you noted earlier in the respective fields.
- Bank Location – Select from the drop-down, ‘United States’
- Bank name – Provide the Bank name that the Payoneer account is displaying
- Bank account holder name– Give the name same as the Payoneer account
- Bank account type– Select the type of bank account as Checking
- Bank account number– Provide the Payoneer USD bank account number
- Routing number– Give the Payoneer USD Routing number
Step 9 – Submit Your Final Information
Step 9 is the final as well as the most crucial step. Click on the Submit button and you’re there. Now, you can easily receive the Amazon Affiliate payment.
Step 10 – Share It
You’ve successfully got your payment in your local bank account. Now, you just have to share this guide with your friends. It will definitely help them out…
If there’s anything you think I’ve missed – talk to me in the comments below!
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