Why E-commerce Sellers Choose BankScan AI
E-commerce sellers receive payments from Amazon, eBay, Shopify, and PayPal — but bank statements lump these together, making reconciliation painful.
How BankScan AI Helps E-commerce Sellers
Convert your bank statements to structured spreadsheets so you can match marketplace payouts, refunds, and fees against your sales records.
The E-commerce Sellers Bank Statement Workflow
For e-commerce sellers, the core challenge is turning unstructured PDF data into actionable, organised records quickly enough to stay on top of deadlines. BankScan AI eliminates this bottleneck by handling the data extraction automatically, so e-commerce sellers can focus on analysis, client advice, and compliance rather than manual data entry.
How E-commerce Sellers Use Bank Statement Data
E-commerce sellers receive batched payouts from marketplaces and payment processors, then reconcile these against individual order records. They need to match Stripe or PayPal settlements, identify refunds and chargebacks, track advertising spend, and separate marketplace fees from net revenue. Multi-channel sellers must reconcile across several payout sources.
Key terms you'll encounter: marketplace payout, settlement report, chargeback, FBA fees, payment gateway reconciliation.
How It Works
Upload any bank statement PDF
Supports all major UK and US banks. Saves 2-3 hours per week on marketplace payout reconciliation for sellers processing 500+ orders per month across multiple channels
AI extracts every transaction
Our AI reads the PDF and pulls out dates, descriptions, amounts, and balances — formatted for e-commerce sellers workflows.
Download your spreadsheet
Get a formatted Excel file ready for Xero, A2X, QuickBooks or direct analysis.
Peak Period Tip for E-commerce Sellers
Black Friday through Christmas (November-December) creates the highest transaction volumes, plus January sales and Prime Day in July. VAT quarter-ends add additional reconciliation pressure.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features E-commerce Sellers Love
- Built for E-commerce Sellers — Saves 2-3 hours per week on marketplace payout reconciliation for sellers processing 500+ orders per month across multiple channels
- Software compatible — Output works directly with Xero, A2X, QuickBooks
- Peak period ready — Handles high volumes during black friday through christmas (november-december) creates the highest transaction volumes, plus january sales and prime day in july
- Solves your challenges — Matching batched marketplace payouts in the bank against individual order-level transactions when platforms like Amazon net off fees, refunds, and advertising costs
Compliance Considerations for E-commerce Sellers
When handling bank statement data, e-commerce sellers must comply with relevant regulations.
- VAT registration is required above the threshold, and e-commerce sellers must account for VAT on sales to different countries under OSS rules. Making Tax Digital applies for VAT returns. HMRC has been increasing scrutiny of online sellers, requiring accurate income records from bank statements.
Start Converting — Built for E-commerce Sellers
Join e-commerce sellers across the UK who save hours every week with BankScan AI.
Try Free — Built for E-commerce Sellers