How to withdraw money from Amazon in Russia: step-by-step guide

Amazon — один из крупнейших маркетплейсов мира, который предоставляет огромные возможности для продавцов, включая российских предпринимателей. Однако, начиная с 2022 года, из-за политических и экономических санкций работа с Amazon для бизнеса из России стала более сложной.

В этой статье мы рассмотрим, как успешно вывести деньги с Amazon, несмотря на все препятствия.

Challenges of working with Amazon for businesses from Russia

The sanctions imposed against Russia in 2022 have made life much more difficult for Russian entrepreneurs working with international platforms, including Amazon. The main problems include:

The absence of Russia in the list of countries when registering new users, which makes it impossible to provide truthful information about yourself.
Russian banks are no longer supported for Amazon withdrawals.
Technical restrictions due to political sanctions also limit the ability to use international payment systems.

These problems are forcing Russian entrepreneurs to find alternative ways to work with Amazon and withdraw money in order to maintain access to the global market and continue successful sales.

Problem solving: registering a business in the USA

In order to continue working with Amazon and bypass sanctions restrictions, Russian entrepreneurs need to register a company in the USA. This opens up many opportunities:

Officially doing business on Amazon.
Increasing customer confidence.
Access to international payment systems.

Advantages of opening a company in the USA for Russian entrepreneurs

Повышение репутации: A company registered in the US is more trustworthy.
Expanding the client base: Access to international markets.
Tax Benefits: Ability to utilize benefits in certain states.
Utilization of advanced technology: Access to state-of-the-art tools for business automation.

Need to open an online bank account

To successfully withdraw funds from Amazon, you must have a bank account registered abroad. Using online banks allows you to:

Open accounts remotely.
Manage your account through the mobile app.
Work 24 hours a day, seven days a week.

Description and benefits of the three best neobanks

Payoneer

Поддержка более 150 валют.
Выгодный курс обмена валют.
No commissions when transferring within the system.

Service to users from Russia has been suspended since 2022.

Wise

Minimum commissions for transfers.
Choice of fixed or variable commission rates.
Free account creation.

Revolut

Support for multiple currencies.
Access to additional assets.
Cost Management Tools.

Step-by-step instructions on how to open a neobank account and link it to your Amazon account

Register on Amazon with your legal details.
Choosing the right neobank.
Registration and verification in neobank.
Linking your account to your Amazon account.
Confirmation of binding through test transactions.

Peculiarities of work with international payment systems and money withdrawal

Working with international payment systems requires taking into account commissions, exchange rates and transfer terms. To minimize costs, choose services with favorable conditions and schedule transfers on business days.

Conclusion

Working with Amazon opens up a wide range of opportunities for Russian entrepreneurs. Registering a business in the USA and using online banks allows you to successfully withdraw funds and develop your business internationally. Contact our TaxFreeCorp for assistance in registering and optimizing your business abroad.