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November 13, 2014-NEFT(National Electronic Funds Transfer) Payment Method for all Amazon India Associates

Written By VKS on Tuesday, 11 November 2014 | 00:04

Amazon Affiliate launched NEFT (National Electronic Funds Transfer) Payment in India

AMAZON ASSOCIATES PROGRAM FOR AMAZON.IN

Amazon India has updated the Amazon Associates Program Operating Agreement, which governs the publishers participation in the Amazon Associates Program for Amazon.in. All changes are effective from November 13, 2014. This was notified to the publishers via mail about Amazon Associates: Important Program Update.

From November 13 onwards, publishers can choose to receive the payment either by cheque or via National Electronic Funds Transfer (NEFT).

To change your payment receiving options, publishers need to visit Account Settings › Change Payment Method and can payment method of their choice.

NEFT payment method is more secure, reliable and quick than receiving payment through check. Also, the minimum threshold for payment via NEFT is less than that of cheque. For NEFT minimum payment threshold is Rs 1000 while for cheque its Rs 2500.

Here, is the comparison of November 13, 2014 and April 11, 2014 versions as per the Amazon Affiliate India website:
November 13, 2014 version
We will pay you advertising fees on a monthly basis for Qualifying Purchases shipped, streamed, or downloaded (as applicable) in a given month, subject to any applicable withholding or deduction described below. You can choose to receive your payment either by cheque or via National Electronic Funds Transfer (NEFT). We will pay you approximately 60 days following the end of each calendar month, but we may accrue and withhold advertising fees until the total amount due to you is at least INR2500 in case of payments through cheque or INR1000 in case of NEFT transfers.

April 11, 2014 version 
We will pay you advertising fees on a monthly basis for Qualifying Purchases shipped, streamed, or downloaded (as applicable) in a given month, subject to any applicable withholding or deduction described below. We will pay you approximately 60 days following the end of each calendar month by cheque. We will send you a cheque in the amount of the advertising fees you earn, but we may accrue and withhold advertising fees until the total amount due to you is at least INR2500.
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