Is it safe to buy a Shopee store? Are there risks in buying and selling accounts?

Cross-border business is not as easy as imagined, and it is not that convenient to settle in. Some platforms and some sites require you to pay someone to settle in on your behalf. Of course, there are also merchants who buy stores directly. Is it safe to buy a Shopee store?

It’s better not to buy it. Wouldn’t it be better to register it yourself?

First of all, you don’t know how long the store you buy has been open. A new store needs to put 50 products on the market within three days, and the support period for novices is only three months. If you encounter a store that has been open for a long time, you will have spent money and missed the support period for novices.

Besides, there are many PX organizations or people who specialize in selling shops. Can you guarantee the safety of your shop? As you said, you can retrieve it through the business license. This is impossible. The business license can be said to have nothing to do with your shop in the later stage.

Besides, it is very easy to register a store now. As long as you prepare all the information, you can apply through the official channel.

Is there any risk in buying and selling accounts?

In order to standardize the sellers' entry process, the Shopee platform prohibits any private buying and selling of accounts. Once discovered, Shopee has the right to freeze the merchant account and unilaterally terminate cooperation with the merchant in accordance with relevant policies.

At the same time, the Shopee platform hereby solemnly reminds:

1. Complete and compliant information, namely business license and ID card of legal representative, is an important basis for determining the ownership of an account. The subject who possesses the above complete and authentic information will be identified as the owner of the account and will have all usage rights under the account.

2. The purchased account can be used by a party with complete compliance information to modify the login information or payment information. Some bad users may steal information and transfer account assets.

3. The platform prohibits account buying and selling transactions. Such transactions are not protected by the platform policies, and the platform will not handle any disputes arising from such transactions.

4. When abnormal situations occur in account operation, the platform has the right to require the seller to provide complete compliance information to prove that the account is still in compliance. If you are unable to provide it, it will affect your normal operation and settlement.

In summary, buying a Shopee store is not very safe, and it is recommended that merchants apply for it themselves. If you don’t know how to apply, you can find Payoneer’s Olive Branch Program, which can help you apply.