What is Shopee Seller Fees and Everything You Need to Know?

Marketplaces have become a popular platform for customers to purchase online. The growth rate for this eCommerce platform is rapidly increasing because it offers convenience and a wide variety of product choices for customers to buy. In this article, we will talk about Shopee seller fee, the definition of it, and everything you must know about it!

First, Shopee, a SEA Company, was first launched in Singapore in 2015, and has since expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam and the Philippines.

SEA is a leader in digital entertainment, eCommerce and digital financial services across Greater Southeast Asia. SEA mission is to better the lives of consumers and small businesses with technology, and is listed on the NYSE under the symbol SE.

Shopee boasts 197.8 million monthly visits. Shopee is creating convenience for Greater Southeast Asians and is the leading eCommerce platform in Southeast Asia and Taiwan.

It is a platform tailored for the region, providing customers with an easy, secure and fast online shopping experience through strong payment and logistic support. Shopee aims to continually enhance its platforms and become the region’s eCommerce destination of choice. Shopee has a wide selection of product categories ranging from customers electronics to home & living, health & beauty, baby & toys, fashion and fitness equipment.

Read also: How to Return Items at Shopee Quickly, Easily, and Completely!

What is Shopee Seller Fees? 

One thing you shouldn’t neglect in your Shopee selling is the calculation of revenue relative to the fees applicable to your potential sales. Shopee seller fees are essential to be able to accurately create a forecast of how much you’re going to earn from your venture.

Shopee Malaysia sellers are subjected to a 2.21% transaction fee. There is also a service fee but it only applies to sellers who are associated with certain Shopee programmes.

Here are the variants of Shopee service fees :

• RM15 Free Shipping Fee Package – 3.18%
• 10% Coins Cashback Programme – 4.24%
• RM15 Free Shipping Package + 10% Coins Cashback Programme – 6.36%

All sellers also need to pay a seller fee of RM0.12 when they exceed three manual withdrawals per week

Does Shopee Take Commission?

Since the pandemic started, online shopping has become more popular than ever before with everyone staying home. Not just buying, but selling products online has also become a norm for some of us to earn a living during this tough time. Shopee has announced that it will start to collect a small amount of commission fees from the sellers starting from 1 June 2021.

So, does Shopee take commission money? After you become a Shopee seller, Shopee will take a commission fee from your product that you sell. The commission fee will be charged on your product price, after deducting all seller vouchers and seller shipping promotions.

Read also: Which Online Business Platform Malaysia is Best for Selling?

Starting from the mentioned date, the commission fees will be imposed on sellers who have received more than 100 completed orders. Meanwhile, the sellers who have not achieved 100 orders will not be affected. It is also worth mentioning that the orders placed before 1 June and completed on or after June 1 will not be charged any additional fees.

Kindly refer to the example below for a detailed explanation of how the commission fee is charged.

Scenario :

• Preferred seller’s product priced at RM100 after a RM10 discount promotion (original price RM110)
• Buyer redeemed seller voucher worth RM30

The commission rate fee is subject to 6%SST. So, the final commission fee from the scenario is RM1.48. The commission charge fee will be deducted directly from the seller’s payout.

Do I Have to Pay to Sell on Shopee?

The Southeast Asian eCommerce market has transformed completely in the past years and will continue to grow in the coming decade. Previously, Lazada used to dominate most of the eCommerce markets, but we’ve seen more contenders pooping up over the years.

One of the biggest and fastest growing marketplaces is undoubtedly Shopee. In fact, it’s even surpassed Lazada in terms of active users and mobile app downloads in some Southeast Asian Countries.

So, the question is, do I need to pay to sell on Shopee? Selling on Shopee is free, unless you want to be listed on Shopee Mall. Then you need to pay a USD 315 fee to register your business with the ACRA (Accounting and Corporate Regulatory Authority) in Singapore.

What Percentage Does Seller Get From Shopee?

Shopee is a popular mobile platform based in Southeast Asia that originally began as a consumer-to-consumer (C2C) platform before developing into a business-to-business (B2B) marketplace serving customers throughout the region.

The Seller Transaction Fee is a handling fee that covers the cost of the payment transactions. Starting August 1, for every successful transaction using Shopee’s payment services, Shopee charges 2% (+VAT) of the buyer’s total amount. This also applies to orders tagged as lost by Shopee.

How are Shopee Transaction Fees Calculated?

All local Shopee Marketplaces (Non-Shopee Mall Sellers) and Mall Sellers are charged a small transaction fee to cover payment gateway fees by the services providers only when a successfully completed order is made.

Transaction fee is calculated as 2.12% (after SST) of the final order amount paid by buyer (inclusive of shipping fee), rounded up to 2 decimal places. Shopee will deduct the transaction fee automatically from the seller’s payout when an order is completed.

Example Calculations

• Buyers uses Free Shipping Voucher
• Buyer uses Seller’s sponsored voucher of RM4 off
• Seller participated in 10% Cashback Programme
• Parcel is less than 3kg and it is shipped using DHL eCommerce Shopee Supported Logistics

Conclusion

Shopee is undoubtedly the most popular online marketplace in Malaysia. The platform makes it easy for buyers to find products they want to buy, as well as discover new products they might interest them.

For sellers, Shopee provides an exciting opportunity to make money from their large user base of buyers. Other than that, the Shopee platform also comes with a large number of features to help sellers sell more.

While it is not difficult to start selling on Shopee, growing your online business is a different matter altogether. In any case, you still need to take the first step to stand any chance of success. Better hurry so that you can still enjoy the benefits of being a Shopee Seller before it is taken away. If you have any questions, you can go to the Shopee Seller Center.

Ginee Malaysia

Do you have online stores registered in Shopee and feel overwhelmed by the management of them? Have no worry, Ginee Malaysia is here to help everything about your online stores management in one Ginee dashboard. With Ginee, it will be easier to handle the stores and to increase sales. Register to Ginee Malaysia now for free and try all the useful features!