Amazon Payments Question - Need Your Experience!

Amazon Pay Managing Your Amazon Pay Account
1

Hi everyone!

I have a question about Amazon payments and would really appreciate your help.

The Situation: If someone has a Belgian bank card (Euro account), verified through Amazon UK marketplace, and is selling in UK, Germany, France, and Belgium:

Questions:

When they sell in the UK, does Amazon pay them in GBP?

  • Since their bank account is in Euros, will the bank charge conversion fees?

  • Will they lose profit due to currency conversion?

  • Is it okay to use a Euro account for UK sales?

Looking for real experiences! If anyone has faced the same situation with multi-country selling and currency conversion, please share:

  • How much do conversion fees typically cost?

  • Any tips to minimize losses?

  • Should they consider getting a GBP account?

Thanks in advance for sharing your knowledge!

2

If you’re selling on Amazon UK with a European account, Amazon usually pays you in GBP. Your bank might charge a 1–3% fee to convert it to Euros, which can eat into your profit. It’s fine to use a Euro account, but getting a GBP account could save you money worth checking with your bank.

1 Like
3

My advice is to get a Wise account, then through the Wise account obtain a GBP bank account, which can be used in the UK, and a Euro bank account for use in Germany, France, and Belgium. This is the best solution.

1 Like
4

Thanks a ton

5

Amazon always settles in the marketplace’s native currency. UK sales are therefore paid in GBP.
Because the registered bank account is in euros, Amazon automatically converts the payout to EUR at its own exchange rate.

Amazon currently adds about a 0.75 % conversion fee. This means you’ll lose roughly that percentage of your UK revenue with every disbursement.

Many multi-country sellers open a multicurrency account with providers like Wise or Revolut. Those services issue local GBP bank details that can be added as the UK deposit method. Sellers then either hold the GBP balance for UK expenses or convert it at a tighter spread, often 0.3 %–0.4 %. Doing so can save a few hundred euros per year once sales volumes grow.

If sticking with a euro-only account is simpler, the fee is manageable on low turnover.

Once UK revenue is substantial, a dedicated GBP account or multicurrency solution is the easiest way to minimize conversion loss.