Gone are the days when people from one village would live in isolation without depending on people in another village just a few miles away. Today, the internet has made it possible for people in different countries and time zones to conduct business and depending on each other with just a click of a button. You can easily buy or sell your goods from Amazon and receive payments with unknown merchants. This has been made possible due to the B2B Pay platform that allows people in different countries to open virtual bank accounts and send or receive money at the click of a button from anywhere in the world.
Virtual banking has taken a hands-on approach to bringing banking services to the world population at the comfort of their offices and houses. People are migrating from the traditional banks because they can still get the same services without leaving their couches. In this generation, consumers are favoring B2B Pay options because of its lower costs and consumer-centric nature of service. Today, companies must collaborate to offer services to customers in the business world. For this reason, Amazon has partnered with Payoneer to ensure foreign residents outside the US can receive their money in their local ATM or at any outlet with the MasterCard logo.
You simply need an internet connection and a computer to register for a virtual bank account. People living outside the UK, EU, or USA know that you need a virtual bank account to receive money from Amazon cheaply and faster. Because Amazon is an American corporation, you will need to be in the country’s financial system to do transactions with the company.
Why should you open the virtual bank account with Payoneer?
Payoneer is a licensed money transmitter that offers regulated money services based in the United States. Payoneer is also licensed to offer e-money services in the European Economic Area. This company is working with Amazon to ensure buyers and sellers make and receive payments for goods sold or bought on Amazon.
Payoneer Virtual Bank account is open to both residents and non-residents of US who wants to transact with Amazon Corporation. The fact that you receive the money faster and conveniently is a big boost to your business. Once you have the Payoneer account, you simply link it to your Amazon account, and you will be set to receive and deposit money at the click of a button.