Press Release

Press Release

moneycorp adds US dollar to online seller account in time for Amazon Prime Day

moneycorp, global experts in currency exchange and international payments, has today announced it is updating its online seller account to allow customers to receive payments in the US Dollar from online marketplaces.

The service enables e-tailers to save up to 3% on overseas sales by avoiding the default exchange rate offered by online marketplace providers, such as Amazon, Etsy, Rakuten, eBay, and Cdiscount.  

moneycorp is adding the Dollar in advance of Amazon Prime Day, one of the biggest trading days of the year for online sellers. Up until today customers were only able to receive payments in Euros from online marketplaces. 

Amazon currently charge 3-4% through their currency converter, which means online sellers make less money on sales compared with moneycorp’s 0.75% fee. 

Zoe Dawson-Williams, Chief Customer Officer for moneycorp commented: 

“Astute online sellers have worked out how to protect their margins during higher volume Prime Day discounted trading. The temptation to simply let Amazon convert sales into Sterling erodes a minimum of 3% through currency conversion. Using an easily opened moneycorp online sellers account locks Dollar and Euro to Sterling conversion for substantially less at 0.75%, and for sales all year round.”

To benefit from moneycorp’s market leading rates and receive currency into their account, online sellers simply need to provide their chosen marketplace with their unique US routing number. They can then convert the currency at a preferential exchange rate. 

Additional benefits of an online sellers account with FX specialists moneycorp

The online seller account also allows customers to benefit from a number of other services courtesy of holding an account with a foreign exchange specialist, including:

  • The ability to transfer money domestically and globally in over 120 different currencies.
  • Locking in a prevailing exchange rate for up to two years through a forward contract (this may require a deposit). This allows sellers to know exactly how much they will receive every time they convert foreign currency.
  • Text and email rate alerts from moneycorp’s dedicated currency experts; this service can guide customers unfamiliar with the FX markets to manage fluctuations in exchange rates and maximise profits.  

Why use moneycorp?

120+ currencies available

120+ currencies available

24/7 access

24/7 access

The ability to set up regular payments and target rates

The ability to set up regular payments and target rates

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Personal payments

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FX business solutions

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