What is the settlement unit price of Shopee SIP products? How to adjust product prices using the SIP price adjustment ratio?

SHOPEE has released a new SIP price adjustment ratio and settlement price. So what is the settlement unit price of Shopee SIP products? How to use the SIP price adjustment ratio to adjust product prices? This article will explain them one by one.

1. Overview of the changes between the old and new settlement systems

The settlement method in this article will be officially applied to SIP affiliated stores on December 15, 2022. The system will update the prices of all SIP affiliated store products within 3 weeks based on the new settlement method.

The impact of the new and old settlement methods on you is that when you want to adjust the settlement price (determine the income) of SIP affiliated store products, the elements to be modified are different:

2. SIP Settlement Price Calculation Method

1. Introduction to SIP settlement method

The income of your SIP affiliated store is determined by [SIP cost price] and [SIP price adjustment ratio].

SIP cost price: The system automatically deducts the [cost applicable only to the main store] based on the [main store product price] you set.

○ Costs applicable only to the main store: refers to commissions, transaction fees, hidden prices and service fees of the main store (if any). Your SIP affiliated store does not need to pay these 4 types of fees, so the system will deduct them for you.

SIP rate: refers to the additional price reduction or price increase ratio you set for SIP affiliated stores based on the store product prices. For example, if you want to reduce the price by 5% on SIP affiliated sites, set it to 95%.

2. SIP Settlement Formula

*Note 1: If you participate in a value-added program (such as SPP), additional fees will be incurred.

*Note 2: Due to the differences between the old and new settlement methods, for some stores with significant price increases, Shopee will adjust your SIP price adjustment ratio to keep the product settlement price consistent with that before the new settlement method was launched. When the SIP price adjustment ratio is editable, you can adjust it yourself.

Main store product price: If your main store product has an in-store discount (such as my discount event), the system will use the discounted price; however, if your product only participates in Shopee platform activities (such as product activities, Shopee flash sales) and no in-store discount is set, the system will use the original price.

SIP price adjustment ratio: default 100%, upper limit 115%. For sellers in the launch period, Shopee will default to a fixed value.

Commission and handling fee: SIP stores do not charge, but main stores charge as usual. Check the commission and handling fee of each site:

https://shopee.cn/edu/article/4416

Service fee: refers to the fee for FSS or CCB items (free shipping or cash back) of your main store.

Main store hidden price: The system calculates the hidden price of SIP products based on the product weight you fill in. Please fill in the product weight truthfully in the main store. If the declared weight in the backend is significantly different from the actual weight of the product, it will trigger the SIP order weight serious error handling method.

SIP management fee: 6%.

Other value-added services: If you pay extra for SPP value-added services, additional service rates will be incurred.

3. Where to set the SIP price adjustment ratio?

The SIP price adjustment ratio is only applicable to SIP affiliated stores. For price adjustments of other self-operated stores, you can use the site price adjustment ratio or directly modify the store product prices.

4. Check the settlement price in the seller center and ERP

You can check the settlement price in the Seller Center and ERP, and your order revenue will be calculated based on the settlement price in the end!

① Check the product settlement price: [China Seller Center>> Store Products of the Main Store>> Sales Information]

On and after December 16, 2022, you can view the SIP cost price corresponding to the product prices in different stores here.

② Check the order settlement price: [China Seller Center >> My Order >> View Details] page