Many merchants choose to open stores on cross-border e-commerce platforms because the cost of opening a store is very low. Among them, Shopee is one of the most popular emerging platforms. So does Shopee registration require a business license?
1. Does Shopee registration require a business license?
Shopee registration requires a business license, but if the first station opens different sites, the requirements for business licenses are different. Individual business licenses and corporate business licenses are OK, as long as the business license is normal, there is no age limit for the address, business scope, legal person age, and Shopee platform on the business license.
2. How much does it cost to settle in Shopee?
Shopee sales costs are almost free. (Except for merchants who choose to open a store in Shopee Mall) Except for the need to register the relevant business with ACRA for $315, selling products on Shopee is completely free. But there are other fees:
1. When merchants participate in activities at each site, such as cash back and free sports, the platform will charge additional commissions.
2. Service fee: order amount: × activity rate, the specific rate depends on the seller and the type of activity, and you can consult your account manager for more details.
3. Since the order revenue amount will only be recorded after the buyer confirms receipt of the goods, the service fee will be automatically deducted from the disbursement amount when settling the disbursement amount of each order.
4. The transaction fee refers to the fee that needs to be paid to the service provider of the transfer or other payment method when extracting the order revenue. The calculation method of the handling fee is: 2% of the total payment of the order (after using the coupon or currency, including the shipping amount paid by the buyer).
For example, the merchant received an order payment of $100. Total payment of the order: $100: handling fee $100 x 2% = $2. The same handling fee will be automatically deducted when settling each disbursement amount.
5. License fees, there are personal and company licenses. If there is no physical store, it is troublesome to apply. Some will find an agent. The personal or company fees are different. Of course, merchants can find more companies for comparison.
6. Prepayment of goods, at the beginning, the first batch of fees must be prepaid until the receipt is confirmed and the platform payment can calculate the income.
Shopee registration must have a license first. Of course, it is recommended that merchants apply for their own licenses, so that even if there is an audit or review in the future, there will be no problem. There must be unsafe factors in using other people’s licenses.