Detailed explanation of the deposit amount to be paid when opening a Dou store and the international wire transfer operation process

As a popular online store management method, opening a Doudian store is attracting more and more sellers to join. This article will introduce in detail the deposit amount and related operating procedures for opening a Doudian store, and briefly describe the operating procedures for international wire transfers.

Deposit amount

The deposit amount for opening a Dou shop varies from platform to platform, and different platforms may set different specifications. Generally speaking, the deposit amount required to open a Dou store is smaller, which is more suitable for small and medium-sized stores. The most accurate information about the specific deposit amount can be obtained by consulting the relevant platform or checking its official website. When choosing a platform, it is recommended to comprehensively consider factors such as the platform’s popularity, number of users, and service levels to ensure that you choose a reliable platform.

Process steps

Step 1: Choose a platform

First of all, sellers need to choose a suitable platform to open a Doudian store. When choosing a platform, pay attention to factors such as the platform’s popularity, service level, and number of users to ensure that you choose a reliable platform.

Step 2: Register an account

After selecting a platform, sellers need to register an account on the platform’s official website. Fill in personal information, store name and other necessary information to complete the account application.

Step 3: Submit materials

After registering an account, sellers should submit relevant information as required by the platform, including personal identity certificate, store operation certificate, etc. Make sure the seller’s materials are authentic and credible to prevent problems in the subsequent approval process.

Step 4: Pay deposit

After the seller submits the materials, the seller needs to pay the corresponding deposit amount according to the platform regulations. Generally speaking, the deposit amount can be paid through the platform’s online payment channel, or through offline transfer or mailed check.

Step 5: Pending review

After the deposit payment is completed, the seller needs to wait for the platform’s review. Approval time may vary depending on the platform, but generally takes 1-3 working days. During the period of pending review, sellers can start preparing products and organizing their stores so that they can operate quickly and normally after opening their stores.

Step 6: Opening a store

After passing the platform’s review, sellers can gradually and formally start online store group operations. When opening a store, pay attention to product selection, price, marketing activities, etc. to attract more customers.

International wire transfer operation process

International wire transfer is a common method of cross-border fund transfer. The following is the operation process of international wire transfer:

1. When making a wire transfer, the remitter must fill out a remittance application form and indicate in the application that the wire transfer method will be used. At the same time, transfer the remitted amount and required fees and obtain a wire transfer receipt. After the remittance bank receives the remittance application, in order to prevent delays or unexpected losses of remitted funds due to errors in the application, the remittance bank should carefully review the application and contact the remitter promptly if there are any unclear points.

2. When the remittance bank handles wire transfer, it will send payment instructions to the remittance bank by telegram or telex based on the contents of the remittance application. The contents of the message mainly include: remittance amount and currency, payee’s name, address or account number, remitter’s name, address, postscript, position allocation method, remittance bank name or SWIFT system address, etc. In order for the remitting bank to confirm that the content of the message is indeed sent by the remitting bank, the remitting bank must add the testkey agreed to be used by both banks before the text.

3. After receiving the telegram or telex, the remitting bank will check whether the key is consistent. If it does not match, it should immediately draft a message to the remitting bank to inquire; if it matches, it will issue a wire transfer advice and notify the payee to withdraw the money. The payee presents the notice in duplicate to the remittance bank to withdraw the money, and after signing the payee’s receipt, the remittance bank can use it to pay the remittance. In practice, if the payee has an account with the remittance bank, the remittance bank often does not print a remittance advice, but directly credits the money to the payee’s account based on the message, and then sends a collection notice to the payee. There is no need for the payee to sign a receipt. Finally, the remitting bank sends the paid debit advice (debit advice) to the remitting bank.

I hope the above content can help sellers who plan to open a Dou store understand the deposit and operating procedures required to open a Dou store, and understand the operating procedures of international wire transfers.