How much does it cost to buy a Shopee online store? Is it expensive?

There are many businesses that want to open a store at home. Many novice businesses feel that it is difficult to open a new store. At this time, they can choose to buy a store. So how much does it cost to buy a Shopee online store? The following is an introduction for everyone.

How much does it cost to buy a Shopee online store?

If a first-level store generates merchandise revenue greater than or equal to US$1 million, the platform will charge a 3% commission; if a second-level store generates merchandise revenue greater than or equal to US$500,000, the platform will charge a 4% commission; if a third-level store generates merchandise revenue less than US$500,000, the platform will charge a 5% commission.

1. Shopee commission

First of all, shoppers need to understand the commission for opening. The rules for collecting commissions are: only transaction commissions are charged for completed orders (the commission base does not include order shipping fees); if an order is cancelled, no transaction commission is charged; the same seller's Shopee will not receive transaction commissions from the site within the first three months on the platform.

The current commission calculation method is: the commission collection base is the total amount of completed orders in the previous month (excluding order shipping costs); the commission collection rate is applicable to the month starting from the 16th of the next month. The charging ratio is: 5% of the total amount of completed orders in the month is greater than or equal to the total amount of completed orders, and 5.5% of the total amount of completed orders in the month is less than US$500,000.

For example, if seller X opens a store on the Taiwan website on February 1, the commission will be charged on the Taiwan website on May 1; and if seller X opens a store on April 1 in Singapore, the commission will be charged on the Singapore website on July 1. At the same time, if the total amount of orders completed by seller X in July 2020 is US$1.2 million, the commission rate from August 16 to September 15, 2020 is 5%.

2. Transaction Fees

Secondly, we need to understand the transaction fee for opening a store. This part is actually the procedure that needs to be paid to the transaction clearing service provider. Before 2019, this part of the fee was borne by the purchased party, but since January 2019, this part of the enterprise has been bravely required to be borne by the seller. The transaction fee standard is: the fee rate is 2%; the fee for completed orders (including shipped orders and undelivered orders); the fee for the order amount (including the buyer's freight); this fee has nothing to do with the platform commission.

3. Freight

Similarly, we need to know the shipping cost of opening a store. The shipping cost that the seller needs to pay is generally divided into two parts: one part is the shipping cost of delivery to the transit warehouse; the other part is the shipping cost of delivery to Southeast Asia.

4. Withdrawal service fee

Then we need to know the withdrawal fee for opening a shop on Shopee. The Shopee platform does not use RMB for settlement. Singapore uses Singapore dollars, Vietnam uses Vietnamese dong, Indonesia uses Indonesian rupiah, and other websites use US dollars for settlement. Payments are made twice a month, in the middle and at the end of the month. Sellers can withdraw money from the receiving account to a domestic bank card as required, but they need to pay a withdrawal fee.

5. Other expenses

Finally, we need to say that Shopee has some hidden costs, such as:

Packaging costs: Packaging not only takes time, but also requires labor costs. Especially during holidays and emergencies, a large number of packers are needed in a short period of time. We also provide packaging services.

Shopee's logistics is the same as Lazada's. Both Southeast Asian platforms use the official logistics of the platform. There are transit warehouses in the mainland. After the store receives an order, we only need to mail the product to the transit warehouse. As for the logistics costs, domestic shipping is basically free, and foreign logistics costs are basically borne by the platform or the buyer.

Shopee's first site is in Taiwan. The local buyers in Taiwan are very strong. They understand the consumption habits and culture of Taiwanese people better, and are very good at live streaming and social networking. Most of the orders on the Taiwan site actually come from Taiwanese sellers. After all, they have been in the Taiwan site for much longer than cross-border sellers.

There is no need to pay any money to open a store on the Shopee cross-border e-commerce platform. The platform does not charge any deposit or guarantee. However, you need to pay a commodity transaction commission to the platform three months after opening the store. The transaction commission is calculated based on the store level.

Regarding the content mentioned at the beginning, I have introduced it to you in the above content. Buying a Shopee online store is more convenient than opening a store by yourself, especially in laying a good foundation for the store, which can save you a lot of trouble.

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