Jumia registration conditions refer to the requirements that need to be met to enter this e-commerce platform. If merchants want to open a store on Jumia, they must first register a Jumia merchant account and submit relevant information for review. Let’s take a closer look at the jumia registration conditions.
What are the jumia registration conditions?
1. Merchant qualification conditions: residence, company registration and bank account
①Regional requirements: As a Jumia merchant, the premise is that the merchant must be a resident of Lagos, Nigeria. This restriction is mainly due to logistics and transportation considerations to ensure the rapid delivery of orders.
②Company registration: In order to create a better reputation on the Jumia platform, it is recommended that merchants register a company locally. Merchants can submit a registration application to the Nigerian Corporate Affairs Commission and choose to register a limited company or register a unique company name to highlight the uniqueness and professionalism of the company.
③Business account: After the company is registered, the merchant needs to go to the bank to apply for a business account. Therefore, after deducting the platform commission from the Jumia platform sales, the account will be directly transferred to the merchant’s corporate bank account to ensure the smooth flow of capital.
2. Preparation: Email and product type:
① Email: Jumia platform notifies merchants whether someone has purchased the product based on email, so it is very important to have an efficient email address. Merchants are advised to use general email services such as Gmail or Hotmail to ensure timely receipt of information.
② Number of products: On the Jumia platform, merchants should have at least 20 products. When choosing products, merchants should pay attention to choosing high-quality, low-priced and rare products to ensure that they have a favorable position in the market competition.
③ Application for settlement: Merchants can submit an application for settlement to the Jumia platform via email. The email will push the application form, and the merchant must fill in the company’s bank account number, email address and other information.
If merchants want to open a store on Jumia, they must first meet the merchant qualification conditions, including residents, company registration and bank account requirements. In addition, merchants also need to prepare an efficient email address and at least 20 products. Understanding Jumia registration conditions is the first step to successfully operating an online store!