Do I need to pay a deposit for Shopee? How much is it?

Shopee is a good cross-border e-commerce platform. Many friends are interested in this platform and want to register a store of their own. So do they need to pay a deposit on Shopee?

Currently, there is no need to pay a deposit to open a store on the platform, but you need to pay a transaction commission three months after the store is opened. The transaction commission is calculated based on the store level.

Many people may ask, are there many hidden costs when opening a store on Shopee? Here are some tips:

1. Commission

In the fourth month, a commission of 5%-6% of the transaction amount will be charged.

2. Transaction Fees

This part is actually the fee that needs to be paid to the transaction clearing service provider. Before 2019, this part of the fee has always been borne by Shopee, but starting from January 2019, this part needs to be borne by the seller. The transaction fee is charged at 2%; this fee is independent of the platform commission.

3. Withdrawal Fee

Cross-border online stores can withdraw cash to the third-party payment method registered with your personal information. No foreign currency card is required. Third-party payment is available on the background of Shopee’s official website. For example, Pingpong has a fee-free limit of 30,000 US dollars for novices. After 30,000 US dollars, it is calculated at 0.6%.

5. Freight forwarding fees

When the goods arrive at the transit warehouse, the freight forwarder needs to repack and replace the international logistics labels, which costs 3 yuan per order.

What is the admission process?

1. shopee.cn >> click "Join Now" >> enter the following page, which will briefly introduce the seller's settlement process and settlement instructions.

2. After confirming the settlement process and settlement instructions, please click "Fill in the application form"

3. After entering the login page, you can choose to log in or register a new account:

If you already have a primary account, click "Click me to log in" to log in

It can be said that there is zero investment in starting a business on Shopee. Currently, Shopee's entry policy is 0 deposit, 0 platform usage fee, and 0 annual fee. In other words, you don't need to spend a penny from the time you apply for entry to the time you successfully open a store.

Recommended reading:

Is Shopee a good cross-border e-commerce platform? What should I prepare?

How to collect payment on Shopee? Summary of payment methods

Can an individual open a store on Shopee? What should I pay attention to?