What Business Bank Account Do I Need to Sell on Amazon?
If you sell on Amazon through a UK company, you need a bank account that Amazon accepts for receiving seller payouts. For many businesses, a dedicated UK business account is the simplest option, while international sellers may benefit from a multicurrency business account.
Amazon requires sellers to provide valid bank account details so sales proceeds can be transferred electronically. The bank account is also subject to verification.
Amazon requires a valid deposit method before you can receive money from your sales.
For a UK limited company, using a dedicated business account is generally the most practical approach because it keeps Amazon revenue and business expenses separate from personal transactions.
Amazon's registration process asks sellers for bank account details, and if the account cannot be verified automatically, Amazon may request a bank statement.
When setting up your Amazon seller account, you will normally need to provide information such as:
Amazon states that the bank account should be in the name of the primary contact or the business name provided during registration.
This makes it important to ensure that the information on your Amazon seller account matches your banking and company documentation.
Yes. A UK business account can be used to receive Amazon seller proceeds, provided it meets Amazon's deposit and verification requirements.
Amazon transfers seller proceeds electronically to the bank account registered with the seller account rather than paying sales proceeds to a credit or debit card or services such as PayPal.
For UK businesses primarily selling on Amazon UK, a GBP business account with a UK sort code and account number can therefore be a straightforward solution.
The right account depends largely on where you sell.
If you only sell in the UK and receive GBP, a standard GBP business account may be sufficient.
However, if your company sells through Amazon marketplaces in several countries, a multicurrency business account may be more suitable.
A multicurrency account can potentially help you manage currencies such as:
The exact receiving details available will depend on your account provider.
International Amazon sellers can receive sales in one currency while having expenses in several others.
For example, a UK company might sell products in the UK, Europe and the United States while paying suppliers overseas.
Having access to multiple currencies can make it easier to manage these international payment flows.
Instead of automatically converting every incoming payment into GBP, you may be able to receive and manage different currencies separately, depending on your account provider and Amazon marketplace setup.
Yes.
For a business selling on Amazon UK, a GBP business account is a common way to receive sales proceeds.
Your account should provide the appropriate banking details and must successfully pass Amazon's bank account verification requirements.
If you sell through European Amazon marketplaces, you may receive sales revenue generated in euros.
A business account that supports EUR payments can therefore be useful for companies operating across Europe.
This may also be beneficial if your business has EUR expenses because you may be able to use euro revenue toward euro-denominated business payments rather than converting every transaction into GBP first.
UK companies selling internationally may also need to manage US dollar revenue.
If your business account provides suitable USD receiving details and those details are accepted for the relevant Amazon marketplace, you may be able to receive USD payments into that account.
This can be particularly useful for businesses selling in the United States or regularly paying suppliers and other expenses in USD.
Potentially, yes.
Your Amazon deposit account does not necessarily have to be a traditional high-street bank account. However, the account and its provider must satisfy Amazon's applicable requirements.
Amazon states that sellers need an eligible bank account for electronic transfers and that bank-account information must be kept up to date. Amazon also provides its Currency Converter for Sellers for certain situations where the bank account is located in a different country from the marketplace.
Always confirm that your chosen account is suitable for the Amazon marketplaces where you intend to sell.
An Amazon seller should consider an account that provides:
Businesses selling internationally should pay particular attention to foreign-exchange costs because frequent conversions between GBP, EUR and USD can add to operating expenses.
In many cases, yes.
An e-commerce business may use the same business account for income and expenses associated with multiple marketplaces and online stores, subject to each platform's requirements.
This can make it easier to centralise business cash flow rather than maintaining a completely separate account for every sales channel.
A multicurrency account can be especially useful for businesses receiving marketplace revenue in several currencies.
Yes. Bank account verification forms part of Amazon's seller verification process.
Amazon says its verification process includes checking the name and number of the registered bank account.
If automatic verification is unsuccessful, Amazon may ask you to provide a recent bank statement. Amazon's current UK registration guidance states that such a statement may need to be dated within the previous 180 days.
Ensuring your business name, account holder information and banking documents are accurate can help avoid unnecessary verification problems.
You generally do not need a bank account used exclusively for Amazon.
Instead, your company can have a business account that handles Amazon sales alongside other legitimate company transactions.
For example, the same account could potentially be used to:
This can make managing an e-commerce company's finances considerably simpler.
If you operate a UK company and sell on Amazon, you need a bank account that can receive Amazon seller disbursements and pass Amazon's verification requirements.
For businesses selling primarily in the UK, a GBP UK business account may be sufficient.
For companies selling internationally, a multicurrency business account supporting GBP, EUR and USD may provide greater flexibility for receiving marketplace revenue, converting currencies and paying international suppliers.
Before opening or connecting an account, always confirm that the bank or payment provider is accepted for the specific Amazon marketplace where you intend to sell.