Is Shopee's base currency set in RMB or USD? What are Shopee's fees?

Friends who do cross-border e-commerce should all know Shopee. What kind of platform is it? It is a mobile e-commerce platform from Singapore, launched in 2015, with its main markets in Southeast Asia and Taiwan, China. So is Shopee's base currency set in RMB or USD?

1. Should Shopee’s base currency be RMB or USD?

Most of the prices on Shopee are in US dollars, but it still depends on the region. When sellers upload products, product prices are displayed in local currency.

That is to say, prices in Taiwan are displayed in New Taiwan Dollars, Malaysia in Ringgit (MYR), Thailand in Thai Baht, Singapore in SGD, Vietnam in VND, Indonesia in IDR, Philippines in Peso, and Brazil in Real. When buyers check out, they mainly pay in local currency, which is more convenient.

Therefore, when setting prices, we must convert the exchange rate and then set an advantageous price, so that we can have a greater advantage.

2. What are the fees for Shopee?

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.

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.

When opening a store on Shopee, it is actually a very good choice to create a store group, because by establishing a store group, it can also effectively help us reduce operating costs and increase store sales.