Shopee provides secure payment guarantee. Each site on the platform has a complete payment collection plan in the local area.
1. Shopee provides secure payment guarantee
① Each site on the platform has a complete payment collection plan in the local area.
② Start payment guarantee, the platform will hold the payment for the goods, and after the transaction is successful, the platform will pay the payment and freight subsidy to the seller.
③ Pay the seller through a third-party payment partner.
2. Frequently Asked Questions
① What is Shopee’s payment solution for cross-border sellers?
Answer: Shopee starts a third-party payment guarantee to hold the payment for the goods. After the transaction is successful, the payment partner Payoneer, PingPong or LianLian Pay will pay the payment and freight subsidy to the seller’s account.
② How does the platform pay?
Answer: If the seller has bound the LianLian Pay payment account in the background, the platform will settle the payment for the seller in each cycle through the corresponding third-party payment provider bound by the seller.
③What is the payment cycle and frequency? Is there a minimum payment amount limit?
Answer: Shopee will make payments twice a month, in the middle and at the end of the month, and there is no minimum payment amount limit. ④What currency is used for payment settlement at each station on the Shopee platform?
Answer: Currently, the payment currency for Singapore station is Singapore dollar, the payment currency for Vietnam station is dong, and the payment currency for all other stations is US dollar. For payment at Indonesian station, LianLian Pay will change the payment currency from the current US dollar to rupee to pay sellers starting from the second payment cycle in June 2019.