Up to £4000! TikTok Shop cross-border store needs to collect a deposit！
From September 15th, TikTok Shop will collect store deposits from all cross-border merchants. As soon as the news came out, it attracted strong attention from TK sellers in the cross-border circle.
According to the official form, a total of 20 first-level categories are affected this time, and 220 third-level categories are affected, involving the United Kingdom, Singapore, Malaysia, the Philippines, Thailand, and Vietnam. Except for the British pound, the deposit of the rest of the Southeast Asian countries is calculated in US dollars.
At present, the most expensive categories in the UK station with the highest fees have reached 4,000 pounds, such as baby car seats under the category of mother and baby products, as well as mobile phone parts, cameras, tablets, smart wearable devices under the category of mobile phones and digital, single battery and micro single, hair dryer under the category of beauty and personal care, etc.
The deposit entry will be opened on September 15th and will end on October 7th. If the seller fails to complete the payment in time, the operation may be affected, including but not limited to restricting the order, removing the product from the shelves, and even closing the account.
Payment entry: TikTok Shop Seller Center → Assets → Deposit
Pay special attention to the following three points:
- The deposit will be charged according to the different countries and categories of risk levels in which the merchant operates.
- The same store operates in multiple categories, and payment is according to the category with the highest risk, without superimposition.
- After the deposit rules come into effect on September 15, they will take effect at the same time for existing sellers and new applicants.
The news that the TikTok Shop cross-border store is charging a deposit is really sudden, so sellers will have a lot of questions. However, according to common sense, margins are necessary and reasonable in the process of standardized development of any platform.
What are the sellers’ views on the policy of charging a deposit for TikTok Shop’s cross-border stores?
