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Thread: Confused by instructions for wire transfers from European branches


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Permlink Replies: 8 - Pages: 1 - Last Post: Jan 9, 2012 11:08 AM Last Post By: gldrummond
1001nightspress

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Registered: 12/11/11
Confused by instructions for wire transfers from European branches
Posted: Jan 4, 2012 1:48 PM
 
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So, I'm resetting my payment options after Amazon changed them all to check.

US one (I reside in the US) now goes by wire transfer, in dollars, to a US bank account.

When I tried to set the UK one, though, it wouldn't let me choose dollars--I got this message: "You may only associate 1 bank account with each currency. To use a different account than the one shown above, you must select a different currency."

Um, OK, so I guess I could have that one come in pounds.

But then Germany, France, Italy, and Spain are all listed in Euros. Are they saying I could only let ONE of those pay me in Euros, and then I would actually need separate bank accounts for the other three?? That makes no sense. Or are they trying to force me to wait for the 100 Euro threshhold and take a paper check?
gldrummond

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Re: Confused by instructions for wire transfers from European branches
Posted: Jan 4, 2012 9:49 PM   in response to: 1001nightspress in response to: 1001nightspress
 
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I think what it was saying is that you can't add a different bank. You can only use the bank account you've already set for US.

Does that make sense?

Like so: I set up my bank info and it automatically is put in place for each new country Amazon adds. And all the payment funds are paid in US dollars.
1001nightspress

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Registered: 12/11/11
Re: Confused by instructions for wire transfers from European branches
Posted: Jan 5, 2012 10:47 AM   in response to: gldrummond in response to: gldrummond
 
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Well, I only have one bank, and I only want money in dollars--that's what it wasn't letting me do. Thus my confusion. It [i]would[/i] let me select pounds for the UK site, but it would [i]not[/i] let me select dollars.

However, my bank then told me that they'd charge me $10 to accept a wire from overseas, and $5 to convert the currency. So I suppose if the UK site sent me a transfer for 10 pounds, I could end up owing money on it. Ha ha. Even if it came in dollars, it would just disappear due to fees. So ... I guess I'll wait for a check for 100 pounds?? And then pay the conversion fee on that. But it makes me think I'll just never see my money from Germany and France, because at this rate, it'll take forever to get 100 euros from each of those. I wish they could at least merge the European sites, which are paying in the same currency.
gldrummond

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Registered: 05/08/09
Re: Confused by instructions for wire transfers from European branches
Posted: Jan 5, 2012 11:02 AM   in response to: 1001nightspress in response to: 1001nightspress
 
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What I'm saying is, you shouldn't have to put your banking information in each time. Putting it in once for US should be enough.

Just select 'EFT' for Pay my royalties via and 'USD' for In this currency.

Your bank acct information should show under those (maybe you have to save it first, or select it from a drop down).
1001nightspress

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Registered: 12/11/11
Re: Confused by instructions for wire transfers from European branches
Posted: Jan 5, 2012 2:20 PM   in response to: gldrummond in response to: gldrummond
 
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Well, that's what I think should happen too--but it's not what happens with my account.

I do see my bank account info there, but I can't select dollars. It won't let me. I get that message: "You may only associate 1 bank account with each currency. To use a different account than the one shown above, you must select a different currency."

I don't want to use a different account from the one shown. But I can't keep it and select dollars, or I get that message. I want to use the SAME account as the one shown. But I can't.

However, if it makes more sense to wait for a paper check anyway, I suppose it doesn't really matter what's wrong with my account. I did sent Amazon an email a few days ago, but no answer.
gldrummond

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Registered: 05/08/09
Re: Confused by instructions for wire transfers from European branches
Posted: Jan 5, 2012 11:18 PM   in response to: 1001nightspress in response to: 1001nightspress
 
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Huh. Odd problem. Maybe they'll get back to you soon. :)
1001nightspress

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Registered: 12/11/11
Re: Confused by instructions for wire transfers from European branches
Posted: Jan 7, 2012 8:56 AM   in response to: gldrummond in response to: gldrummond
 
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I got an answer:

[i]The payment method for your amazon.com royalties was displayed as Check instead of EFT due to a technical error from our side. I truly apologize for the inconvenience this caused.

Also, please be assured that you will be able to save your account details, though the error message is displayed.[/i]

Of course, since I now know it would cost me $15 to receive $10 from overseas, at my bank, I had to back and change them all to checks again. It'll be years before I get anything from Germany or France! lol
buttonstaylor

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Registered: 12/19/11
Re: Confused by instructions for wire transfers from European branches
Posted: Jan 9, 2012 9:04 AM   in response to: 1001nightspress in response to: 1001nightspress
 
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Does EFT cost me anything? I'm in UK would rather have money EFT than a check but bank couldn't tell me what charges there would be says it depends on amazon...any answers?
gldrummond

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Registered: 05/08/09
Re: Confused by instructions for wire transfers from European branches
Posted: Jan 9, 2012 11:08 AM   in response to: buttonstaylor in response to: buttonstaylor
 
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Unless they've changed something, you can't get EFT payments outside the US.
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