So you finally decided to start selling on Amazon. By this stage you probably already have a product that you want to sell or you are just researching what is needed in order to start selling on Amazon. Through this guide we will show you what is need in order to just create a seller central account.
There are a few things that often get overlooked and you will need to have set up before you even start creating the account.
Legal Business Name
Amazon is going to require a registered business name for you to set up the account. Remember to register this name and also obtain your EIN from the IRS. This tax information is going to be needed before you can create your amazon sellers account. You can registers as a sole proprietorship or LLC. Choosing a business structure can be confusing. So make sure you know the tax implications and fees for the structure that you want to choose. Also, depending on the type of business structure that you will be using. It will dictate the type of tax information needed.
This is important how else are you going to be able to receive and make payments for your products and other fees associated with selling on Amazon. When creating an account, Amazon will ask you for a card number to keep on file along with the business address and bank account/routing number so be prepared to have this information available when you go and create an account.
(If you created a new bank account some banks will take a few weeks before they issue your debit or credit card, so keep that in mind because you are going to need the card information)
If you are just starting your own business I would advise setting up a business bank account. This will make it easier keeping track of all the incoming and outgoing of your payments. You can use your personal account if you plan on only selling a few items. But it will make things easier, in the long run, to already have an separate account.
Well, this is obvious but Amazon will want to know who you are before they allow you to sell. You should have an email account that you are going to use for your business. Make sure that your address matches up with what you have registered.
Amazon now requires you to set up two-step verification, so it is important to set this up on your mobile phone. It will make it easier when you try to log in on a new device like when working from home or checking sales on someone else’s computer. Amazon will send you a code to verify that it is you trying to log into your account and if you didn’t set it up on your mobile phone it will make it harder for you to access that account.
Yes, you or your business will have to submit your tax information to Amazon in order for them to create your account. You are going to need a W-9 or W-8BEN, Social Security Number (if you are filing as a Sole Proprietorship) or your copies EIN ( Federal Tax ID number)
Amazon reports tax information to the IRS. They are required by law to do so. But it is your responsibility to pay and submit your tax information.
- Legal business name either set up a DBA or Create an LLC. Also, have an address and other contact information.
- A valid email address which is easily accessible. Amazon will verify your email address.
- Credit Card / Debit that is internationally chargeable. All Credit/ Debit cards must have a valid billing address.
- A personal phone number. It is recommend to use a mobile phone where you are able receive text messages. Amazon uses your mobile for 2 step verification.
- Your tax information
Once you have all of this information you can go ahead and actually create your seller central account.