Different markets have their own settlement cycles and rules. So how long is the settlement cycle for tiktok orders in Southeast Asia and the UK? This article will discuss the order settlement cycle based on the Southeast Asian market and the British market of the TikTok platform. I hope it will be helpful to everyone.
1. TikTok order settlement cycle in Southeast Asia.
Generally speaking, two conditions must be met when settling orders in Southeast Asia: All settled orders must be completed orders. The so-called completed orders mean that they have completely passed the after-sales cycle and are not being processed. For after-sales, or for orders with all after-sales work completed, the settlement cycle in Thailand is 7 calendar days; the settlement cycles in Malaysia, Vietnam, and the Philippines are all 6 calendar days.
In addition, the starting funds for all settlement orders must reach 1U, and the amount to be settled in the account must not be negative.
If the above requirements are met, the seller can start the order fund settlement on T+1, and the platform will transfer the money to the trading account bound by the merchant in advance.
If a Thai user places an order on the 1st and the package arrives on the 10th, and the sales period ends on the 17th of the month, the seller can apply to start tiktok order settlement on the 18th.
If a user from Malaysia, Vietnam, or the Philippines places an order on the 1st and arrives on the 10th, and then the entire order sales period ends on the 16th, then sellers can start order settlement on the 17th .
2. TikTok order settlement cycle in the UK.
Currently the Tik Tok UK site can support: tiktok sellers settle all background tiktok order payments in the early morning of every day (UTC time), and the payment after application will reach the designated account within 1-5 working days, specific The payment arrival time is subject to bank time.
In short, cross-border e-commerce sellers want to know: How long is the settlement cycle for tiktok orders? They should be looked at separately. If it is Southeast Asia, the settlement cycle between various countries is basically about a week; if it is the UK, the settlement cycle can basically be controlled within 1-5 days.