diff --git a/packages/amount-selectors/src/components/AmountSelectors.js b/packages/amount-selectors/src/components/AmountSelectors.js
index fbb7f9230..ebd8df124 100644
--- a/packages/amount-selectors/src/components/AmountSelectors.js
+++ b/packages/amount-selectors/src/components/AmountSelectors.js
@@ -20,12 +20,22 @@ const selectorSizeToFontSize = {
 
 class AmountSelectors extends React.Component {
   state = {
-    value: this.props.value,
+    value: 0,
     disableBoth: false,
     tooltipText: "",
-    displayValue: this.props.value
+    displayValue: ""
   };
 
+  componentDidMount() {
+    this.updateStateWithNewValue(this.props.value);
+  }
+
+  componentDidUpdate(prevProps, prevState) {
+    if (prevProps.value !== this.props.value) {
+      this.updateStateWithNewValue(this.props.value);
+    }
+  }
+
   // Conditions to disable both buttons,
   // see https://developer.mozilla.org/en-US/docs/Web/Guide/HTML/HTML5/Constraint_validation
   disableBoth = validity =>
@@ -49,21 +59,6 @@ class AmountSelectors extends React.Component {
     return this.props.onChange(validValue);
   };
 
-  validValue = value => {
-    const parsedValue = parseFloat(value) || 0;
-    return Math.min(this.props.max, Math.max(this.props.min, parsedValue));
-  };
-
-  updateDisplayValue = () => {
-    const validValue = this.validValue(this.state.value);
-    this.setState({
-      value: validValue,
-      displayValue: validValue.toFixed(2)
-    });
-
-    return this.props.onChange(validValue);
-  };
-
   decrement = () => {
     const value = this.state.value - this.props.step;
 
@@ -76,15 +71,31 @@ class AmountSelectors extends React.Component {
     this.onChange(Math.min(value, this.props.max), this.updateDisplayValue);
   };
 
-  componentDidUpdate(prevProps, prevState) {
-    if (prevProps.value !== this.props.value) {
-      const validValue = this.validValue(this.props.value);
-      this.setState({
-        value: validValue,
-        displayValue: validValue.toFixed(2)
-      });
-    }
-  }
+  updateDisplayValue = () => {
+    const validValue = this.updateStateWithNewValue(this.state.value);
+
+    return this.props.onChange(validValue);
+  };
+
+  getValidValue = value => {
+    const parsedValue = parseFloat(value) || 0;
+    const validValue = Math.min(
+      this.props.max,
+      Math.max(this.props.min, parsedValue)
+    );
+
+    return Number(validValue.toFixed(2));
+  };
+
+  updateStateWithNewValue = value => {
+    const validValue = this.getValidValue(value);
+    this.setState({
+      value: validValue,
+      displayValue: validValue.toFixed(2)
+    });
+
+    return validValue;
+  };
 
   render() {
     return (
diff --git a/packages/amount-selectors/src/components/AmountSelectors.test.js b/packages/amount-selectors/src/components/AmountSelectors.test.js
index 7cb27344d..dea3dc009 100644
--- a/packages/amount-selectors/src/components/AmountSelectors.test.js
+++ b/packages/amount-selectors/src/components/AmountSelectors.test.js
@@ -147,4 +147,16 @@ describe("Amount selectors", () => {
       expect(component.state().displayValue).toBe(expectedDisplayValue);
     });
   });
+
+  test("getValidValue should return a valid value with 2 decimal places", () => {
+    const component = shallow(<AmountSelectors />);
+    const { getValidValue } = component.instance();
+
+    const value = 3.345678;
+    const validValue = getValidValue(value);
+
+    const expectedValue = Number(value.toFixed(2));
+
+    expect(validValue).toBe(expectedValue);
+  });
 });
diff --git a/packages/amount-selectors/src/components/__snapshots__/AmountSelectors.story.storyshot b/packages/amount-selectors/src/components/__snapshots__/AmountSelectors.story.storyshot
index b28146092..397e785e3 100644
--- a/packages/amount-selectors/src/components/__snapshots__/AmountSelectors.story.storyshot
+++ b/packages/amount-selectors/src/components/__snapshots__/AmountSelectors.story.storyshot
@@ -357,7 +357,7 @@ exports[`Storyshots Amount selectors Default 1`] = `
                   size={4}
                   step={1}
                   type="number"
-                  value={0}
+                  value="0.00"
                 />
               </div>
             </div>
@@ -757,7 +757,7 @@ exports[`Storyshots Amount selectors Disabled typing 1`] = `
                   size={4}
                   step={1}
                   type="number"
-                  value={0}
+                  value="0.00"
                 />
               </div>
             </div>
@@ -1157,7 +1157,7 @@ exports[`Storyshots Amount selectors Small size 1`] = `
                   size={4}
                   step={1}
                   type="number"
-                  value={0}
+                  value="0.00"
                 />
               </div>
             </div>
@@ -1552,7 +1552,7 @@ exports[`Storyshots Amount selectors With 0.5 steps 1`] = `
                   size={4}
                   step={0.5}
                   type="number"
-                  value={2}
+                  value="2.00"
                 />
               </div>
             </div>
@@ -1947,7 +1947,7 @@ exports[`Storyshots Amount selectors With 0.5 steps and step mismatch validation
                   size={4}
                   step={0.5}
                   type="number"
-                  value={2}
+                  value="2.00"
                 />
               </div>
             </div>
@@ -2342,7 +2342,7 @@ exports[`Storyshots Amount selectors With a max value of 3 1`] = `
                   size={4}
                   step={0.5}
                   type="number"
-                  value={2}
+                  value="2.00"
                 />
               </div>
             </div>
@@ -2742,7 +2742,7 @@ exports[`Storyshots Amount selectors With onChange function 1`] = `
                   size={4}
                   step={1}
                   type="number"
-                  value={0}
+                  value="0.00"
                 />
               </div>
             </div>
@@ -3137,7 +3137,7 @@ exports[`Storyshots Amount selectors With value set 1`] = `
                   size={4}
                   step={1}
                   type="number"
-                  value={2}
+                  value="2.00"
                 />
               </div>
             </div>
@@ -3533,7 +3533,7 @@ exports[`Storyshots Amount selectors With value set after mount 1`] = `
                     size={4}
                     step={1}
                     type="number"
-                    value={10}
+                    value="10.00"
                   />
                 </div>
               </div>