Amazon Currency Converter for Sellers: The Complete Guide

Managing international transactions can be a complex and time-consuming task for Amazon sellers who operate across various countries and currencies.

Fortunately, Amazon’s Currency Converter for Sellers (ACCS) simplifies this process, allowing sellers to focus on their business growth while Amazon handles the currency conversions.

What is Amazon Currency Converter for Sellers (ACCS)?

The ACCS is a service provided by Amazon that automates currency conversion for sellers receiving payments from different regions. It eliminates the need for multiple bank accounts and manual calculations of fluctuating exchange rates.

Once sellers agree to the terms and enter their bank information, payments are automatically transferred to their chosen bank account in the local currency. Payments are regular and uninterrupted, although changes to bank information can delay transfers for up to fourteen days.

How Does ACCS Work?

When a buyer places an order on an international Amazon marketplace, the order amount is displayed in the local currency. By enabling ACCS, Amazon converts this amount into the seller’s payout currency using competitive exchange rates. This automation makes it convenient for sellers to manage international transactions and scale their businesses. Sellers can choose their payout currency from a list of eligible options provided by Amazon.

Amazon charges a small conversion fee for each order that requires a currency conversion. This fee, typically a percentage of the order amount, covers the cost of the conversion service. Invoices and reports show both the original order amount in the local currency and the converted amount in the seller’s payout currency, facilitating easy account reconciliation.

Hidden Fees and Transparency

While there are no hidden fees with ACCS, Amazon does charge a volume-based fee (VBF) calculated based on the seller’s total processed volume (TPV) over the past 12 months. The fees are as follows:
- 0.75% for revenue equal to or greater than $10 million
- 1.00% for revenue equal to or greater than $1 million
- 1.25% for revenue equal to or greater than $500,000
- 1.50% for revenue equal to or greater than $100,000

The more you sell, the less you pay in fees, but it’s crucial to understand these fees can accumulate over time. Sellers should shop around and compare with other payment providers to determine the best option for their business.

Activating ACCS

To activate ACCS, sellers should log into their Seller Central account, navigate to the payments tab, scroll to “Currency Converter” under payout settings, and sign up for the ACCS program. This straightforward process enables sellers to manage transactions in their preferred currency.

Pros and Cons of ACCS

Pros:
- Integrated into Amazon Seller Central, requiring no additional setup.
- Funds are paid out in local currency, offering better control over finances.
- Automated conversion process reduces manual calculations and errors.
- Transparent fees prevent unethical practices.
- Simplifies international transactions by converting payments from the customer’s local currency to the seller’s preferred currency.

Cons:
- Exchange rate fluctuations can affect profitability despite competitive rates.
- Refunds processed using fluctuating exchange rates can lead to losses.
- Managing international transactions can be complex for inexperienced sellers.

Supported Countries and Documentation

ACCS supports 19 Amazon marketplaces and allows payouts in 44 currencies. Sellers should ensure compliance with local taxation laws and gather necessary documentation based on their country of registration. Any sales and transaction documentation from Amazon will be in the marketplace’s currency where the goods were sold.

Refunds and Exchange Rates

Refunds are made in the marketplace currency using the same exchange rate as during the purchase. This locked rate ensures sellers do not lose money due to exchange rate fluctuations.

Is ACCS Worth It?

ACCS can limit guesswork and simplify account reconciliation, making it a viable option despite the volume-based fees. Sellers should evaluate their needs and profitability using tools like sales estimators and FBA calculators to determine whether ACCS or a different payment provider makes more sense for their business.

If you want to learn more about how to take advantage of ACCS, check out our entire article on Amazon Currency Converter for Sellers.