Is it better to use RMB or USD on Shopee? What are the fees?

Friends who do cross-border e-commerce should all know Shopee (Shopee.com). If merchants want to settle in Shopee, they must choose the site they want to do and also choose the transaction currency. So is it better for Shopee to use RMB or USD?

Is it better to use RMB or USD on Shopee?

When using Shopee, you must understand the pricing of products and the calculation of logistics costs. If you don't understand this, there are only two results. The first is that you can't sell anything at all, and the second is that the things you sell are at a loss. Therefore, it is very important to understand the logistics calculation of Shopee. Most of the prices on Shopee are in US dollars, but it still depends on the region, just like Shopee Taiwan is in Taiwan dollars instead of US dollars.

Because I logged into Shopee Taiwan as a buyer before, and searched for the product I wanted to list in traditional Chinese characters, the currency unit of the selling price was written as the U.S. dollar symbol $.

What are the 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.

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.