Introduction to Amazon Business and How to Use it？

Amazon Business serves as a one-stop shop for institutional and business customers. Its goal is to make the buying process easier. It facilitates effective purchasing for businesses, nonprofits, hospitals, etc. Amazon Business has expanded to several nations and areas since its start in 2015, including the US, Canada, UK, Germany, France, and more.

The platform offers a wide range of customized services for businesses, supports bulk purchasing and offers better pricing. Business buyers can enjoy exclusive pricing discounts, bulk purchasing offers, flexible payment methods, and efficient logistics and distribution. By integrating with a variety of purchasing systems, Amazon Business helps companies streamline management processes with tools such as order tracking and purchase order numbering. In addition, the platform also provides member services for enterprises, such as Amazon Business Prime, to enjoy more purchasing guidance and data analysis services. On the seller side, Amazon Business offers sellers advantages such as global market coverage, brand building services, and professional support.

All things considered, Amazon Business offers businesses a practical, effective, and adaptable platform. It supports sellers in growing their international marketplaces and lowers procurement costs and efficiency.

Ⅰ. What global payment options are available for Amazon Business transactions?

A variety of global payment options are available for Amazon Business transactions. Common options include:

• Credit and debit cards: international credit and debit cards such as Visa, MasterCard, American Express, Discover, etc. can be used to make payments.
• Amazon Gift Cards: Amazon Gift Card balances can be used to pay for orders.
• Bank Transfer: In some countries and regions, payment via bank transfer is supported.
• E-wallets: such as PayPal, Apple Pay, Google Pay, etc. These payment methods are very common in international transactions.
• Amazon Pay: Business users can pay through their Amazon account, which supports multiple currencies.
• Installment payments: for certain high-priced items, Amazon offers an installment option that allows for monthly payments.
• Local Payment Options: In some marketplaces, local payment options are also supported, such as Alipay HK, Gcash, etc., and even cash payment options are available.

Moreover, for sellers trading across borders, Amazon offers some additional payment management tools such as:

• Amazon Seller Wallet: sellers can hold proceeds in this account and convert funds to other currencies when needed, supporting conversion of USD to multiple currencies and direct transfers to global bank accounts.
• Amazon Currency Converter: Cross-border sellers can automatically receive earnings in multiple currencies through this tool and convert them to local currencies as needed.
• XTransfer: In some regions, Amazon Business users also have the option to pay via XTransfer, a fast, secure cross-border payment method that supports multi-currency settlements.

These global payment options and tools help business buyers and sellers conduct efficient and convenient transactions in different regions.

Ⅱ. Does Amazon Business offer any special global payment terms for bulk orders?

Amazon Business offers a variety of special global payment terms and features for bulk orders, designed to help business buyers increase purchasing efficiency and optimize costs. The following are the main terms: 

1. Bulk Purchase Discounts

Amazon Business offers bulk discounts to businesses based on purchase volume, with unit prices decreasing as purchase volume increases. In addition, buyers can get more favorable customized pricing through the RFQ tool when the order amount of a single SKU exceeds $10,000 or 999 pieces.

2. Flexible payment terms

Eligible business buyers can choose to pay by invoice. They don't need to pay immediately. This method usually allows them to pay for orders within 30 days. For Business Prime members, longer payment terms of up to 60 days are available in some cases.

3. Multi-Currency Payment

Amazon Pay is capable of accepting payments in multiple currencies. Businesses want to facilitate international transactions. Then they can can pay with VISA and Mastercard in 12 different currencies, such as Australian dollars, pound sterling, euros, Hong Kong dollars, Japanese yen, and more.

4. Bulk Buying Tool

To assist buyers in meeting large-scale purchasing requirements, optimising purchase prices, and consolidating inventory from different suppliers, Amazon Business offers Bulk Buying Tool (BBT).

5. Other Payment Methods

In addition to credit card payments, Amazon Business supports a variety of international payment methods such as bank transfers to meet the needs of business buyers in different countries and regions.

 

These payment terms and tools help corporate buyers choose payment methods flexibly according to their actual needs, while optimizing procurement costs.

 

XTransfer is a one-stop financial and risk management service provider committed to making cross-border payment seamless and cost-effective for SMEs. We connect trusted financial institutions with SMEs around the world through technology, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.