Monese/Monzo to sell on Amazon?
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Seller_9Sb1KiRH6pChb

Monese/Monzo to sell on Amazon?

Amazon does not accept Mastercard/prepaid card to sell on it and earn, you need a bank account
Are Monzo or Monese considered valid bank accounts since online they are described as actual banks? Can I use one of them to sell on Amazon?

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Seller_z6B2L9xab6HlP
In reply to: Seller_9Sb1KiRH6pChb’s post

From a financial point of view you need two things outside Amazon to sell here:

  • A credit card or debit card (not a prepaid card), which can be charged up to 5 GBP, EUR or USD as a temporary transaction to check the validity of the charge method (usually only 1 GBP, EUR or USD). The money will not actually leave the account.
  • A bank account that can receive incoming transfers without a specific reference number being provided.

The credit/debit card does not need to belong the bank account.

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Seller_EJIX7rqDNQJi2
In reply to: Seller_9Sb1KiRH6pChb’s post

Here you can review the full list of credit card requirements for Seller Accounts on Amazon:

https://sellercentral.amazon.co.uk/gp/help/help.html?itemID=202131400&language=en_GB&ref=ag_202131400_cont_G861

Check with the financial institution to confirm your credit card meets the following criteria:

  • Adequate credit available.
  • No limitations on internet or mail order charges.
  • Is not a ‘prepaid’ card.
  • Chargeable in the currency of the Amazon marketplace where you registered your seller account.

Regarding bank accounts, here is the relevant Amazon help page:

https://sellercentral.amazon.co.uk/gp/help/help.html/?itemID=G20191&ref_=ag_G20191_h_r0_cont_sgsearch

Here are some common reasons for bank account rejection:

  • Your bank or branch sort code number is mistyped. Confirm and re-enter the information.
  • Your International Bank Account Number (IBAN) is mistyped. Confirm and re-enter the information.
  • Your bank account is not located in a supported country within Eurozone or in a country supported by Amazon Currency Converter.
  • You can only have 1 bank account per marketplace and you are trying to add a second bank account.
  • You entered the numbers from the bottom of a deposit slip instead of the numbers of your bank account. Although these are often the same, in some cases they may not be. Please re-enter the numbers.
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