With the emergence of the mobile shopping platform Wish, more and more individual and corporate sellers have flocked to this market. However, for many newly registered merchants, the initial choice is not smooth sailing. Should I choose a personal account or register a corporate account? In this article, we will provide guidance for your choice by comparing the differences between these two account types.
1. The difference between Wish personal accounts and corporate accounts.
First, let’s take a look at the significant differences between Wish personal accounts and corporate accounts.
1. Registration requirements: Wish personal accounts are suitable for individual sellers, and you only need to fill in your personal information to start selling. On the contrary, corporate accounts require company information, including domestic company information, bank card information, registrant name, mobile phone number, email, mailing address, etc. This is the first obvious difference.
2. Review time: Wish takes different review times for personal accounts and corporate accounts when reviewing newly registered users. Generally speaking, the review speed of corporate accounts is faster than that of personal accounts. According to sellers, the review time for company accounts is usually about 3 working days, while personal accounts may take 7 to 15 working days. However, this is only true if the information submitted is complete and true.
3. Support and service: One advantage of registering a corporate account is that you will be connected with Wish’s investment manager. This means more support, including traffic push, the latest policy information, and channels to solve account problems. In contrast, personal account sellers will be more autonomous and need to solve problems on their own. This is an important difference, especially for sellers who hope to build a long-term business on Wish.
4. Tax requirements: In terms of taxation, personal accounts are relatively simple and do not need to pay additional taxes. However, corporate accounts may need to face more complex tax requirements, depending on the tax policies of the country and region. Therefore, when choosing an account type, it is also important to consider tax factors.
2. How to choose between Wish personal accounts and corporate accounts?
Now, back to the original question: Which is more suitable, a Wish personal account or a corporate account?
1. Individual sellers: If you are an independent seller who has just entered the e-commerce field, or just want to give it a try, then an individual account may be a good choice. Its registration process is relatively simple, and although the review takes time, it is relatively not too cumbersome. In addition, there is no need to worry about complicated tax issues.
2. Enterprise sellers: If you are a mature e-commerce company, or have a clear business plan and long-term goals, then registering a business account may be more appropriate. Business accounts receive more support, are reviewed faster, and may be more flexible in terms of taxation. In addition, you can enjoy more promotional resources provided by the Wish platform, which helps to increase the exposure of your products.
In short, choosing a Wish platform enterprise individual registration account or a business account depends on personal circumstances and business goals. If you want to get more support and resources and have a long-term business plan, then a business account may be more suitable. But if you just want to try it out, or are an individual entrepreneur, a personal account may be more in line with your needs.
No matter which account type you choose, please make sure to provide true and accurate information and comply with the policies and regulations of the Wish platform. This will help build trust and smoothly carry out e-commerce business.