How to Cash Out Your Earnings from eBay & Amazon Using Payoneer
So, you’ve made some money selling on eBay or Amazon, and now it’s time to get that cash into your hands. But wait—how exactly do you withdraw your funds efficiently? If you’re wondering how to turn your sales into real, usable money, you’re in the right place.
Today, we’re diving into the best ways to cash out your eBay and Amazon earnings using Payoneer—a go-to solution for international sellers.
Let’s break it down! 🚀
💰 eBay Earnings: How to Withdraw Funds Using Payoneer
eBay used to rely on PayPal for payments, but as of 2021, they switched to Managed Payments—a system that allows sellers to receive payouts directly into their bank accounts or Payoneer accounts.
✅ Step-by-Step Guide to Cash Out eBay Sales via Payoneer
1️⃣ Sign Up for a Payoneer Account
- Go to Payoneer’s website and create an account.
- Provide your bank details for withdrawals.
2️⃣ Link Payoneer to Your eBay Seller Account
- Navigate to “Payments” in your eBay seller dashboard.
- Select Payoneer as your payment method.
3️⃣ Sell & Get Paid
- Once you make a sale, eBay will automatically transfer funds to Payoneer.
- Payouts usually take 1–3 days after the sale is confirmed.
4️⃣ Withdraw from Payoneer to Your Bank Account
- Log into Payoneer → Go to “Withdraw”
- Add your local bank account and request a withdrawal.
- Funds typically arrive in 1–3 business days.
📌 Amazon Earnings: How to Cash Out Using Payoneer
Amazon pays sellers via bank transfers, meaning you’ll need an account that can receive international payments. Payoneer is a great option because it provides virtual bank accounts in multiple currencies.
✅ How to Withdraw Amazon Sales Profits Using Payoneer
1️⃣ Create a Payoneer Account & Get a Virtual Bank Account
- When you sign up, Payoneer will provide you with virtual bank accounts (USD, EUR, JPY, etc.).
2️⃣ Connect Payoneer to Your Amazon Seller Account
- In Amazon Seller Central, go to “Deposit Methods” and enter your Payoneer bank details.
3️⃣ Receive Payments from Amazon
- Amazon pays sellers every 14 days via bank transfer.
- Your sales revenue will be deposited into your Payoneer account.
4️⃣ Withdraw to Your Local Bank
- Log into Payoneer → Select “Withdraw”
- Enter your local bank details & request a transfer.
- You’ll receive funds in 1–3 days.
🔍 Understanding Payoneer Fees & Exchange Rates
Before you withdraw, keep in mind that Payoneer takes a small cut for transactions. Here’s what you need to know:
🔸 Withdrawal Fees: Usually 1–2% depending on your plan.
🔸 Exchange Rate Markup: Payoneer applies a slightly lower rate than Google or XE.com.
🔸 Amazon to Payoneer Transfer Fees: Sometimes, additional fees apply when converting currencies.
If you’re withdrawing large amounts, you might want to compare rates with Wise (formerly TransferWise) to see if you can get a better deal.
🔥 Alternatives to Payoneer for Cashing Out eBay & Amazon Earnings
If you want more control over your money, here are some alternative methods:
| Method | Pros | Cons |
|---|---|---|
| Payoneer | Easy to set up, widely accepted | Exchange rate margin, small fees |
| Wise (TransferWise) | Better exchange rates, lower fees | Not always available for Amazon payouts |
| Direct Bank Account | No third-party fees | Harder to open for non-residents |
👉 Best Choice?
- New sellers → Use Payoneer for convenience.
- Sellers looking for better exchange rates → Try Wise.
- Long-term sellers → Consider opening a foreign bank account.
3D miniature-style illustration of a hand withdrawing money from a digital wallet, symbolizing eBay and Amazon payout methods.
🔑 Final Thoughts: Get Your Money Faster!
Selling on eBay & Amazon is exciting, but getting paid efficiently is just as important. Payoneer is a great solution for quick and hassle-free withdrawals.
✅ New seller? Stick with Payoneer—it’s simple and works well.
✅ Want the best exchange rates? Compare with Wise before withdrawing.
✅ Scaling your business? Consider setting up a real bank account in the US or Europe.
Now, go get that money! 💸💸
👉 Have questions? Drop them in the comments below! 😊
