Does Shopee registration require a business license? How much does it cost to join Shopee?

Many merchants choose to open stores on multiple cross-border e-commerce platforms because the cost of opening a store is very low. Among them, Shopee is one of the more popular emerging platforms. So does Shopee registration require a business license?

1. Do I need a business license to register on Shopee?

Shopee registration requires a business license, but if you open different sites as the first site, the requirements for the business license are different. Both individual business licenses and corporate business licenses are acceptable, as long as there is nothing wrong with the business license. The Shopee platform has no restrictions on the address, business scope, legal person age, and years on the business license.

2. How much does it cost to join Shopee?

The cost of selling on Shopee is almost free. Aside from the $315 fee to register your business with ACRA (if you choose to open a store in Shopee Mall), selling products on Shopee is completely free. However, there are other fees:

1. When you participate in activities on various sites, such as cash back and free shipping activities, an additional commission will be charged.

2. The service fee is: order amount × activity rate. The specific rate depends on the seller and the type of activity. For more details, please consult your account manager after you settle in.

3. Because the amount of the order will not be recorded until the buyer confirms receipt of the goods, the service fee will be automatically deducted from the disbursement amount when settling the disbursement amount for each order.

4. Transaction fee is the fee that needs to be paid to the service provider of transfer or other payment methods when withdrawing order income.

The handling fee is calculated as 2% of the total order payment (after using coupons or coins, including the amount paid by the buyer for shipping).

For example, a payment of $100 is received for an order. Total order payment: $100, handling fee: $100 x 2% = $2.

The same handling fee will be deducted when settling each single disbursement amount.

5. There are fees for applying for licenses. You need individual and company licenses. If you don’t have a physical store and find it troublesome to apply, some people will find an agent to apply for it. The fees for individuals or companies vary. Of course, you can find a few more to compare.

6. Advance payment for goods. At the beginning, the first batch of fees must be paid in advance. After the receipt of goods is confirmed and the platform has made the payment, you can calculate the profit.

To register on Shopee, you must have a license first. Of course, it is recommended that you apply for a license by yourself, so that there will be no problem even if there is an inspection or review later. Using someone else's license will definitely involve unsafe factors.