1. Settlement time
Monthly settlement, check the bill and transfer the money between the 7th and 10th of each month.
2. Settlement conditions
For stores in normal business status, the completed orders in the previous natural month will be counted and calculated on the settlement date, and the return amount generated in the natural month will be deducted from the settlement amount.
3. Settlement method
Bank transfer is used to transfer the money to the bank account registered in the seller’s store information. The transfer currency is RMB, and the calculation is based on the exchange rate of the local African currency to RMB on the day the platform calculates the bill.
4. Details of various platform fees
(1) Category commission: free.
(2) Deposit: RMB 2,000 to RMB 10,000 is charged according to the store level, and it can be paid once.
(3) Technical service fee: RMB 2,000 to RMB 10,000 is charged according to the store level, and this fee needs to be paid once a year.
(4) Payment/collection service fee: Collection is made through the platform’s official payment system LipaPay.
The details of the payment/collection service fee are as follows:
① Kenya/Uganda station
Kenya/Uganda local account settlement: KES/UGX, 1.5%.
Hong Kong account settlement: USD, 3%.
Mainland China account settlement: RMB, 3.5%.
② Nigeria station
Nigeria local account settlement: NGN, 2%.
Hong Kong account settlement: USD, 5%.
Mainland China account settlement: RMB, 6%.
(5) FBK logistics fee.
① First-leg fee: The delivery of this leg needs to be solved by the seller by finding a third-party logistics company. The fee is subject to the agreement reached between the seller and the freight forwarder.
②Africa local logistics fee: paid by the seller, which means that the seller needs to set the product postage in the price of the product itself.
③Order batch handling fee: 0.3 USD/order.
④Cross-border trade agency fee: 5% of the order transaction amount.
Please note that for products transported by GS, there are only the first-leg fee, order batch handling fee and collection service fee. The cross-border trade agency fee is only for products transported by FBK.
(6)FBK storage fee.
There are 6 items involved in the storage fee, namely product entry handling fee, product storage fee, commodity scrapping fee, order handling fee, return handling fee and outbound handling fee. The fees for the first three items are being revised at the time of publication of this book. The previous policy was a platform subsidy, and after the revision, the seller needs to bear the cost by himself. Therefore, there is no reference for this fee standard.
Order handling fee: ranging from 0.11 USD to 0.38 USD per item.
Return handling fee: ranging from 0.11 USD to 0.38 USD per item.
Outbound handling fee: $0.03 to $0.07 per piece.