New bank requarements from Amazon


#1

Hello, everyone,

One month ago Amazon said to change the bank account to other banking services and gave us a list of providers to choose. One of them is Payoneer. I did the registration there, but the fees are insane. They want to charge me 2% on each transfer we do. And i’m talking about transfers in SEPA - EUR to EUR. I’m looking for another option, because those are very expensive. We used Paysera and Currency Direct services before, but those don’t get Amazon’s approval now. Any ideas?


#2

2% sounds reasonable, though I haven’t looked at any PSPs for a while so not sure what’s normal these days.
The only way to avoid a fee altogether would be to use a bank account instead of a PSP.