Amazon has opened a vast opportunity for Indian sellers to reach customers worldwide. However, many entrepreneurs have faced quite some challenges regarding payment collection from international customers. In this guide, let us take you through the process of getting paid effortlessly when selling globally on Amazon, with a special focus on integrating the innovative BRISKPE payment solution.
Understanding Amazon’s payment system
It is necessary to understand Amazon’s payment process before exploring cross-border payment solutions. Amazon’s platform provides a relatively simple method of collecting payments from customers across the globe. However, for Indian sellers, this process can sometimes feel cumbersome when dealing with international payments due to delays, high fees, or unfavourable exchange rates.
While Amazon does process payments for sellers globally, it does not always provide the best solutions for Indian sellers, especially when it comes to currency conversion and international transaction fees.
The challenges of cross-border payments
As discussed above, there are several challenges faced by customers while selling goods globally through Amazon. Some of them are-
- Currency conversion fees: Banks and payment processors often charge hefty fees for converting foreign currency into INR.
- Delay in processing the payment: Traditional payment methods can take several days or even weeks to process cross-border transactions.
- Banking complexities: International banking processes can often be slow, and difficult to navigate.
Why is BRISKPE the perfect solution for Amazon sellers?
BRISKPE came up with a unique solution catering all the problems faced by Indian sellers regarding international payments on Amazon.
- Better exchange rates: BRISKPE offers highly competitive exchange rates, which means you’ll receive more money from your global sales after currency conversion.
- Low transaction fees: BRISKPE charges less than 1% (incl. GST) as their transaction fees. This ensures that you keep more of your earnings.
- Quick transfers: BRISKPE commits to transferring your funds within 24 hours, which is quick as compared to traditional banks.
Tips for maximizing your global sales on Amazon
Here are some tips that can help you optimize your strategies and succeed in the global market-
- Optimize product listings for global markets
Make sure your product listings appeal to an international audience. This includes adjusting for language differences, and cultural preferences, and offering localized shipping options.
- Leverage Amazon’s global selling tools
Amazon offers certain tools to help sellers expand into new markets. Some of them are to help you identify lucrative markets, track performance, and tailor your marketing strategies.
- Foster strong customer relationships
Effective customer support is vital in any global business. A dedicated customer support team that can assist you with any payment-related queries, ensuring a smooth experience for you and your buyers.
The importance of secure and compliant transactions
Security is the most important thing one should keep transacting internationally. Using the latest encryption technology and fraud prevention measures, BRISKPE ensures the safety of your financial information.
How to start receiving global payments with BRISKPE?
To start receiving your Amazon earnings through BRISKPE, follow these steps-
Sign up for BRISKPE
- Create a free account on BRISKPE website.
- Complete the KYC verification process to set up the account.
For detailed information on how to start transacting with BRISKPE, read this.
Link your BRISKPE account to Amazon Seller Central
- Log in to your Amazon Seller Central account.
- Go to the ‘Payment’ section under ‘Settings’.
- Add a new payment method and select ‘Other’.
- Enter the virtual bank account details that are available on your BRISKPE account.
Receive payments
- Once your BRISKPE account is linked, Amazon will start disbursing your earnings to your BRISKPE account.
- You can then withdraw the funds to your Indian bank account.
Conclusion
Expanding your business globally through Amazon is a game-changer for Indian sellers, but managing international payments doesn’t have to be a hassle. With BRISKPE, you gain access to better exchange rates, lower fees, and faster transfers, ensuring your hard-earned money reaches you seamlessly.
By integrating BRISKPE with your Amazon Seller Central account, you can focus on scaling your global sales while leaving payment complexities behind. Start your journey today with BRISKPE and experience international payments without the hassle.
