As one of the largest e-commerce platforms in the Middle East, the souq platform provides sellers with a vast sales market and business opportunities. If you want to register a seller account on the souq platform, it is very important to understand the registration fee information of souq. In this article, we will explain the registration fee of sellers on the souq platform in detail.
Opening a store on the souq platform is free, and sellers do not need to pay for opening a store. When selling goods on the souq platform, sellers need to bear certain commission fees. These fees include order handling fees and logistics and delivery fees. The order handling fee is calculated based on the transaction amount of the order, and the specific proportion depends on the specific category and sales region to which the product belongs. The commission ratio may vary for different categories and regions. Sellers can find detailed information in the commission rate guide of the souq platform. The logistics and delivery fee is for sellers who choose the FBS service. FBS is similar to Amazon’s FBA service. Sellers can choose to hand over the goods to souq’s warehouse for processing and delivery. The specific logistics fee depends on factors such as the size, weight and destination of the goods.
It should be noted that the souq platform requires the seller’s bank account to be a local bank account in the Middle East. Domestic bank accounts cannot receive payments. Within three days after the buyer receives the goods, the souq platform will release the funds to the seller’s souq seller account. The seller can then withdraw the funds to a local bank account in Saudi Arabia. If the seller uses a third-party bank account, the funds can be transferred to the seller’s designated account immediately after the platform arrives.
For sellers, it is up to them to decide whether to use the FBS service. In addition to the FBS service, sellers can also choose to use overseas warehouses for self-delivery. However, it should be noted that using the FBS service can save sellers the trouble of logistics, but there are certain restrictions on the weight of the goods. In the UAE, the weight of the goods cannot exceed 15 kilograms; in Saudi Arabia, the weight of the goods cannot exceed 10 kilograms. If the goods exceed this weight limit, sellers can choose to use overseas warehouses for self-delivery.
Summary
Registering a souq seller account is free, and sellers do not need to pay for opening a store. When selling goods, sellers need to bear the order handling fee and logistics delivery fee. The specific commission rate and logistics costs depend on the category to which the product belongs, the sales area, and the selected logistics service. The seller’s bank account must be a local account in the Middle East. Domestic bank accounts cannot receive payments. Within three days after the buyer receives the goods, the funds will be released to the souq seller account, and the seller can then withdraw the funds to a local bank account in Saudi Arabia.
By understanding the seller registration fee information of the souq platform, sellers can better understand the process and cost of selling goods on the souq platform, so as to make more informed business decisions. Whether applying by email or opening an account through an authorized agent, the souq platform provides sellers with a broad online sales platform, bringing sellers many business opportunities and potential customer groups.