How to apply for a loan from Wish? Loan rules from Wish

On the Wish platform, merchants need to wait for buyers to confirm receipt before applying for loan release. However, sometimes buyers may forget to confirm receipt, or cannot confirm receipt for various reasons. In this case, merchants can take some measures to apply for loan release.

1. How to apply for a loan on Wish?

Waiting for automatic payment: After the buyer confirms receipt of the goods, the Wish platform will automatically release the payment to the merchant's account. Merchants can check the order status in the Wish backend. If the order has been confirmed to be received, then they can wait for automatic payment.

Contact the buyer: If the buyer has not confirmed receipt, the merchant can contact the buyer through the chat tool provided by the Wish platform to remind them to confirm receipt. Sometimes, the buyer may not confirm receipt because of forgetfulness or some special reasons, and reminders can help them solve the problem.

Apply for manual loan: If the buyer still has not confirmed receipt, the merchant can apply for manual loan from the Wish platform. The merchant needs to provide order number, buyer information, product information and other relevant information. The Wish platform will manually review this information and release the payment to the merchant's account after the review is passed.

It should be noted that the Wish platform has certain rules and restrictions on lending. Merchants need to abide by the rules and policies of the Wish platform to ensure the legality and compliance of sales. At the same time, merchants also need to understand the lending rules of the Wish platform in order to better manage their own capital flow.

2. Wish Loan Rules

The loan rules of the Wish platform mainly include the following aspects:

Loan release time: Wish platform will make a batch loan every Friday, and deposit the order amount of the previous week into the merchant's account. Merchants can view the loan records and details in the Wish backend.

Order status: You can only apply for loan when the order status is "Completed". If the order status is abnormal such as "Cancelled" or "Returned", you will not be able to apply for loan.

Amount limit: There are certain limits on the amount of each order, and merchants need to comply with these limits before applying for loan release. At the same time, the Wish platform will also monitor and evaluate the merchant's total sales and refund rate to determine whether they meet the loan release conditions.

Loan method: Wish platform supports a variety of loan methods, such as wire transfer, credit card, PayPal, etc. Merchants can choose the appropriate loan method according to their needs.

In short, the loan rules of the Wish platform are to protect the rights and interests of merchants and the normal operation of the platform. Merchants need to abide by these rules and policies to ensure the legality and compliance of sales. At the same time, merchants also need to understand these rules and policies in order to better manage their own capital flow.