Amazon Seller Wallet lets you hold your Amazon sales proceeds in an Amazon-managed balance instead of having each payout sent straight to your bank. From the wallet you can transfer funds to your bank when you choose, convert currency, and pay suppliers or VAT directly. It is available as Seller Wallet USD (Amazon.com) and Seller Wallet EUR (Germany, France, Italy, Spain, Netherlands, Ireland and Belgium).
This article explains what changes (and what doesn't) when you enrol, and how to set up Xero or QuickBooks Online so your settlements still reconcile cleanly.
Does Seller Wallet affect Link My Books?
No. Enrolling in Seller Wallet does not change your settlement cycle, your settlement reports, or how Link My Books imports and posts them. Amazon still closes each settlement period on the same schedule and still produces the same settlement report, with the same sales, fees, refunds and VAT breakdown. Link My Books continues to fetch and post these exactly as before.
What changes is where the money goes after the settlement closes. Instead of landing in your bank account, the payout is moved into your Seller Wallet balance. Everything that happens to the money after that — transfers to your bank, currency conversion, supplier or VAT payments — happens inside the wallet and is not part of Amazon's settlement data. Link My Books cannot see it.
Why this matters for reconciliation
Link My Books posts each settlement to a bank account in Xero or QuickBooks, and you match it against the payout that arrives in that account's bank feed.
With Seller Wallet, that one-to-one link is broken. For example:
Amazon closes a settlement of €10,000 and pays it into your Seller Wallet.
You pay a supplier €5,000 from the wallet.
You transfer the remaining €5,000 to your GBP bank account, which receives £4,250.
Your bank feed now shows a £4,250 deposit that doesn't match the €10,000 settlement Link My Books posted. If your accounting software has no record of the wallet, you'll be left with an unmatched settlement and an unexplained deposit.
⚠️ If you currently use Amazon Currency Converter for Sellers (ACCS)
Today, Link My Books includes the converted home-currency amount in your invoice reference (e.g. (converted to GBP 4.88)) to make matching easy. With Seller Wallet, Amazon no longer converts at the point of settlement, so this converted amount will not be available. Conversion happens later, when you transfer from the wallet to your bank, and is recorded as described below.
Recommended setup
Treat your Seller Wallet as a bank account in your accounting software, because that is effectively what it is — a balance your business holds, in the wallet's currency.
1. Create a Seller Wallet bank account in Xero or QuickBooks
Add a new bank account called, for example, Amazon Seller Wallet EUR (or USD, depending on which wallet you have). Set its currency to the wallet currency, not your home currency.
If the wallet currency is different from your base currency, you will need multi-currency enabled in your accounting software — see Can I Send Foreign Currency Settlements Without a Multi-Currency Plan?
2. Point Link My Books at the wallet account
In Link My Books, change the bank account your Amazon settlements are posted to so it is the new Seller Wallet account. From then on, each settlement will be posted to the wallet account in the settlement currency.
3. Bring the wallet's transactions into your accounting software
Xero and QuickBooks do not currently have a direct bank feed for Amazon Seller Wallet. You have two options:
Import a statement. Download your transaction history from the Seller Wallet page in Seller Central and import it into the Seller Wallet bank account as a manual bank statement. Do this on a regular schedule (for example, monthly).
Enter transactions manually. If you only make a few transfers, record each one directly in your accounting software.
4. Reconcile
With the wallet account in place, reconciliation works as follows:
Settlement payouts — match each Link My Books settlement to the corresponding deposit in the Seller Wallet account. These are in the same currency, so they match directly.
Transfers to your own bank — record as a transfer between the Seller Wallet account and your main bank account. If the transfer involves a currency conversion, your accounting software will post the difference between the wallet amount and the amount received as a realised currency gain or loss. Amazon's transfer fee is built into the exchange rate rather than charged separately, so it forms part of this difference.
Payments to suppliers or VAT from the wallet — record as spend money / expenses paid from the Seller Wallet account, or as bill payments if you have the supplier invoice in your books.
Frequently asked questions
Do I need a separate wallet account for each marketplace?
One account per wallet currency. Seller Wallet EUR consolidates proceeds from all euro-denominated European stores into a single balance, so one "Amazon Seller Wallet EUR" account covers all of them.
Will Link My Books import my wallet transfers and payments?
No. Link My Books imports Amazon settlement data only. Wallet activity is separate from your Amazon settlements and needs to be recorded via a statement import or manual entry, as described above.
Do I have to use Seller Wallet?
No. Seller Wallet is optional. If you prefer the simpler one-to-one matching of settlements to bank deposits, you can continue to have Amazon pay directly to your bank account.