{"id":19710,"date":"2024-12-24T12:58:07","date_gmt":"2024-12-24T07:28:07","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=19710"},"modified":"2025-11-28T23:32:18","modified_gmt":"2025-11-28T18:02:18","slug":"razorpay-is-now-amazon-approved-take-your-e-commerce-business-to-the-world-with-moneysaver-export-account","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/razorpay-is-now-amazon-approved-take-your-e-commerce-business-to-the-world-with-moneysaver-export-account\/","title":{"rendered":"Razorpay is now Amazon-approved: Take your e-commerce business to the world with MoneySaver Export Account"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In a <\/span><a href=\"https:\/\/gtri.co.in\/gtriRep8.pdf\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\"> published last year, the Global Trade Research Initiative (GTRI) said Indian e-commerce exports had the potential to be \u201ca bigger success story than IT\u201d. If the right steps were taken, the GTRI felt, Indian e-commerce exports could aim to hit $350 billion by 2030.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An <\/span><a href=\"https:\/\/www.ey.com\/en_in\/newsroom\/2024\/07\/addressing-customs-payment-and-logistics-challenges-key-to-stronger-e-commerce-exports-growth-from-india-ey-assocham-report\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">EY report<\/span><\/a><span style=\"font-weight: 400;\"> published in July this year said much the same thing, stating that e-commerce exports from India \u2013 estimated at $4 to $5 billion for FY23 \u2013 could reach \u201c$200-300 billion by FY 2030\u201d with the right support.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With over <\/span><a href=\"https:\/\/sell.amazon.in\/grow-your-business\/amazon-global-selling\/exports-digest\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">150,000 exporters enabled<\/span><\/a><span style=\"font-weight: 400;\">, Amazon has played a vital role in India\u2019s e-commerce exports story so far. For domestic e-commerce retailers with global dreams, Amazon\u2019s Global Selling program has served as a popular and convenient channel.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At Razorpay, we have always enabled Indian exporters to grow globally with our <\/span><a href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/\"><span style=\"font-weight: 400;\">International Payment Gateway<\/span><\/a><span style=\"font-weight: 400;\">. We have now taken a big leap forward in empowering Indian e-commerce exporters.\u00a0<\/span><\/p>\n<p><b>Razorpay is now Amazon-approved, becoming the first Indian payment aggregator to enable international payments for Amazon exporters.<\/b><span style=\"font-weight: 400;\"> This means that Indian businesses in Amazon\u2019s Global Selling program can now collect their global payouts with <\/span><a href=\"https:\/\/razorpay.com\/accept-international-payments\/bank-transfers\/\"><span style=\"font-weight: 400;\">MoneySaver Export Account, Razorpay\u2019s solution for international bank transfers<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/accept-international-payments\/bank-transfers\/\">Get Started!<\/a><\/div>\n<h2><b>Challenges Facing Indian Exporters\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Indian e-commerce businesses \u2013 and exporters in general \u2013 aspiring to expand internationally face a number of challenges.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Opaque Pricing: <\/b><span style=\"font-weight: 400;\">High FX markups and hidden fees eat into their hard-earned profits, making global expansion less profitable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lack of Local Support: <\/b><span style=\"font-weight: 400;\">Payment providers offer global coverage but often fall short when it comes to localized support for Indian exporters. Waiting for email replies or navigating international customer service can cost them time and money.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Complex Compliance Processes:<\/b><span style=\"font-weight: 400;\"> Exporters frequently grapple with challenges like obtaining FIRCs and regularizing shipping bills. Existing solutions don\u2019t make these processes easier to understand or execute.<\/span><\/li>\n<\/ul>\n<h2><b>Razorpay MoneySaver Export Account: Tailored for Indian Amazon exporters<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">What Indian exporters really need is a payment solution designed to meet their unique requirements. If you\u2019re an Indian Amazon Global Seller, you will find that MoneySaver Export Account is built to help you thrive \u2013 with higher savings, better cash flow, seamless compliance, and round-the-clock support.\u00a0<\/span><\/p>\n<h3><strong>Higher Savings with Transparent Pricing<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Zero FX Markup:<\/b><span style=\"font-weight: 400;\"> Save more on every payout you collect with Razorpay\u2019s zero-markup currency conversion rates \u2013 you simply get the live rate.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>No Hidden Fees:<\/b><span style=\"font-weight: 400;\"> Know exactly how much you\u2019re paying, ensuring maximum profitability for your exports.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Up to 1 lakh Free:<\/b><span style=\"font-weight: 400;\"> Collect your first Rs.1 lakh at zero charges, for a limited time*.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<h3><b>Better Cash Flow with One-Day Settlements\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Access your funds faster \u2014 your Amazon payouts are credited to your Razorpay account just 24-36 hours after release. Improved cash flow enables you to reinvest in your business quickly.\u00a0<\/span><\/p>\n<h3><b>Easy Compliance to Save Time and Effort<\/b><\/h3>\n<p><b>1-Day FIRC:<\/b><span style=\"font-weight: 400;\"> Get your Foreign Inward Remittance Certificate (FIRC) in just one day post settlement, ensuring seamless compliance with RBI guidelines.<\/span><\/p>\n<p><b>IEC Registration Support: <\/b><span style=\"font-weight: 400;\">Simplify your Import Export Code (IEC) registration process with Razorpay\u2019s guidance.<\/span><\/p>\n<p><b>Shipping Bill Regularization:<\/b><span style=\"font-weight: 400;\"> Avoid the headaches of complex export documentation with Razorpay\u2019s solution.<\/span><\/p>\n<h3><strong>India-Based Amazon-Specific Support<\/strong><\/h3>\n<p><b>Real-time Help:<\/b><span style=\"font-weight: 400;\"> Get 24&#215;7 support from Razorpay\u2019s India-based support team, built to understand the needs of Amazon exporters. Speak directly to someone who understands your world!\u00a0<\/span><\/p>\n<h2>How to Integrate Razorpay MoneySaver Export Account for Indian Businesses<\/h2>\n<p>Streamline your global payouts in just 5 simple steps. Here&#8217;s how Indian businesses in Amazon&#8217;s Global Selling program can use Razorpay&#8217;s MoneySaver Export Account to simplify international bank transfers:<\/p>\n<ul>\n<li><strong>Step 1: Access Amazon Seller Central Settings<\/strong><br \/>\n&#8211; Log in to your Amazon Seller Central account.<br \/>\n&#8211; Navigate to Settings and click on Account Info.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-20039 size-full\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2024\/12\/step1-copy.jpg\" alt=\"\" width=\"1562\" height=\"809\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step1-copy.jpg 1562w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step1-copy-300x155.jpg 300w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step1-copy-1024x530.jpg 1024w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step1-copy-768x398.jpg 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step1-copy-1536x796.jpg 1536w\" sizes=\"auto, (max-width: 1562px) 100vw, 1562px\" \/><\/li>\n<li><strong>Step 2: Open Payment Information<\/strong><br \/>\n&#8211; Under Account Info, locate and click on the Payment Information tab.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-20035 size-full\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2024\/12\/step2.webp\" alt=\"\" width=\"1562\" height=\"809\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step2.webp 1562w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step2-300x155.webp 300w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step2-1024x530.webp 1024w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step2-768x398.webp 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step2-1536x796.webp 1536w\" sizes=\"auto, (max-width: 1562px) 100vw, 1562px\" \/><\/li>\n<li><strong>Step 3: Add a Deposit Method<\/strong><br \/>\n&#8211; Select the Deposit Methods option. Input Razorpay MoneySaver Export Account details.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-20036 size-full\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2024\/12\/step3.webp\" alt=\"\" width=\"1562\" height=\"809\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step3.webp 1562w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step3-300x155.webp 300w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step3-1024x530.webp 1024w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step3-768x398.webp 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step3-1536x796.webp 1536w\" sizes=\"auto, (max-width: 1562px) 100vw, 1562px\" \/><\/li>\n<li><strong>Step 4: Enter Account Details<br \/>\n<\/strong>&#8211; Input account details corresponding to the Amazon Seller Central country you sell in: ACH Account: For Amazon USA; FPS Account: For Amazon UK; SEPA Account: For Amazon Europe.<br \/>\n&#8211; Ensure you select the correct account type for seamless transactions.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-20038 size-full\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2024\/12\/step4-copy.jpg\" alt=\"\" width=\"1562\" height=\"809\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step4-copy.jpg 1562w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step4-copy-300x155.jpg 300w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step4-copy-1024x530.jpg 1024w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step4-copy-768x398.jpg 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step4-copy-1536x796.jpg 1536w\" sizes=\"auto, (max-width: 1562px) 100vw, 1562px\" \/><\/li>\n<li><strong>Step 5: Set Default Account<\/strong><br \/>\n&#8211; Enable the Default Account checkbox to make Razorpay your primary deposit method.<br \/>\n-Click on Set Deposit Method to confirm your selection.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-20037 size-full\" src=\"https:\/\/d6xcmfyh68wv8.cloudfront.net\/blog-content\/uploads\/2024\/12\/step5.webp\" alt=\"\" width=\"1562\" height=\"809\" srcset=\"https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step5.webp 1562w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step5-300x155.webp 300w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step5-1024x530.webp 1024w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step5-768x398.webp 768w, https:\/\/blog.razorpay.in\/wp-content\/uploads\/2024\/12\/step5-1536x796.webp 1536w\" sizes=\"auto, (max-width: 1562px) 100vw, 1562px\" \/><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Are you an Amazon Global Seller? Why wait? Expand your e-commerce business with Razorpay today!\u00a0<\/span><\/p>\n<div style=\"text-align: center;\"><a style=\"border-radius: 3px; background: #528FF0; padding: 15px; font-weight: 600; cursor: pointer; text-decoration: none; color: white;\" href=\"https:\/\/razorpay.com\/accept-international-payments\/bank-transfers\/\">Get Started!<\/a><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a report published last year, the Global Trade Research Initiative (GTRI) said Indian e-commerce exports had the potential to be \u201ca bigger success story than IT\u201d. If the right steps were taken, the GTRI felt, Indian e-commerce exports could aim to hit $350 billion by 2030.\u00a0 An EY report published in July this year<\/p>\n","protected":false},"author":86,"featured_media":19713,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[369],"tags":[849,847,214,850,555],"class_list":{"0":"post-19710","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-international-payments","8":"tag-amazon","9":"tag-international-money-transfer","10":"tag-international-payments","11":"tag-money-saver-account","12":"tag-razorpay-international-payments"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/19710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/86"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=19710"}],"version-history":[{"count":5,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/19710\/revisions"}],"predecessor-version":[{"id":24843,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/19710\/revisions\/24843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/19713"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=19710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=19710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=19710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}