The eCommerce giant Amazon.in introduced EFT payment option for its associates on Monday. Associates can now get their payments directly deposited in to their bank accounts.
The minimum payment threshold for Electronic Fund Transfer has been set to Rs.1000, less than that of payment by cheque option. The threshold for payment by cheque for Rs.2,500 is already known.
Here by Amazon notifies the launch of new payment option to all its associates through email. It says,
"Dear Amazon Associate,
We are excited to announce the launch of NEFT (National Electronic Funds Transfer) as a payment method for all Amazon.in Associates. With this launch, all Associates can now get their earnings deposited directly into their bank accounts (once their earnings exceed INR 1,000). Some of the key benefits of using NEFT option are:
1. NEFT transfers are a quick and secure way of transferring money.
2. The minimum payment threshold is INR 1,000 for NEFT (vs. INR 2,500 for payment by cheque).
3. There are no fees.
All you to need to do to start receiving payments via NEFT is update your bank details on the Change Payment Method page under the "Account Settings" link on Associates Central.
Please note that the first batch of payments via NEFT will happen in the last week of August 2014 (for earnings up to June 2014).
We encourage you to switch to NEFT payments for a quicker, more secure payment experience.
As always, feel free to contact us if you have any questions or feedback.
Sincerely,
The Amazon Associates Team”
There are no payment processing fees charged for new EFT option. You can change you payment option either by clicking on the link given in the email or by going to ‘change payment option’ in your associates account.
If you haven’t got any mail regarding the issue, wait for another 24 hours or check out the payment option in your amazon associates account once.
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