Amazon now lets UK sellers hold their money in pounds
In plain English
Amazon has launched Seller Wallet GBP in Seller Central. Sellers on Amazon.co.uk can keep their earnings in pounds, pay UK suppliers directly and move money to their bank when they choose. Transfers in pounds are free, and converting to other currencies costs up to 1.5%.
Why it matters
It gives you more control over when your Amazon money lands, which is handy for cash flow over peak. It's most useful for sellers with costs in other currencies.
What to do
- 1Find Seller Wallet in Seller CentralYou or your finance team
Check whether Seller Wallet GBP is available on your Amazon.co.uk account and what it shows for your current balance.
- 2Compare the costsYou or your finance team
Moving pounds is free, and converting to other currencies costs up to 1.5%. Compare that with what your bank or payment provider charges before switching.
- 3Decide how you'll use itYou or your finance team
If you pay suppliers in other currencies, or want to time when money reaches your bank over peak, set up a simple rule for when to move funds out.
Found by our AI agent and checked by Peter Screeton, Founder of Create8. He confirmed the original source is genuine and that this summary matches what it said when published.