Amazon Currency Converter for Sellers Moves to Volume-Based Fees

In brief: Amazon Currency Converter for Sellers (ACCS) converts payouts from marketplaces like Amazon.de or Amazon.com into the currency of your bank account. In October 2020 Amazon replaced its flat conversion fee with volume-based pricing: the more you've sold over the previous 12 months, the lower the rate, down to 0.75% for currencies other than Chinese yuan. Your tier is recalculated every month. (A first version of the notice ran from 8 to 12 October 2020 and was corrected to limit the discount to non-CNY currencies.)

How Amazon Currency Converter for Sellers fees work

Feature	Detail
Basis	Your sales volume over the last 12 months
Lowest rate	0.75% (non-CNY currencies)
Review	Tier updated automatically each month

The exact rate for each tier is in Amazon's ACCS help pages.

A worked example

A UK seller receives €20,000 a month from Amazon.de and converts it to pounds through ACCS. At a 1.5% rate, conversion costs €300 a month; at 0.75%, €150 — about £1,500 a year saved at the lower tier. Compare that with a multi-currency bank account, where you might hold euros and convert only when rates suit you.

What it means for your bookkeeping

• Conversion cost is hidden in the rate. ACCS pays you in pounds, so the fee doesn't appear as a line; it's the gap between Amazon's rate and the market rate. Your settlement is still in euros — the pounds you receive will differ from the euro total converted at your accounting rate.

• Post the settlement in its own currency. Record the euro settlement in euros and let your accounting software record the exchange difference when you match the pound deposit. That difference is effectively the conversion cost — see why a payout might not match Xero.

• Track it as a cost of selling abroad. Large exchange differences each month are worth reviewing: they show what ACCS really costs against alternatives.

• No VAT on currency exchange. Currency conversion is normally exempt from VAT, so there's nothing to reclaim.

• Watch the deposit. Conversion costs are taken before the money lands, a common reason a payout doesn't match Xero — see also recording Amazon sales in Xero.

How TrueBooks helps

TrueBooks posts each marketplace's settlements in their own currency, so Xero records the exchange difference when you reconcile the converted payout and your conversion costs stay visible. See the Amazon Xero integration.