How Much Fees Does Tiktok Shop Take

Referral Fee Promotion New Sellers (February 1 October 31, 2024) ease TikTok sellers the fee transition increase, TikTok Shop offering original referral rate 2% + 30 cents qualified order new sellers 60 days their shop activated. Note the referral fee promo covers up $500,000 initial sales.

But don't panic yet. its launch 2021, TikTok Shop continues rake the numbers - TikTok Shop sold than 2/3 total social shopping gross merchandise (GMV) February 2024. Here's overview TikTok Shop fees.

No, commission fees generally apply to product's price, the shipping cost. Confirm with TikTok Shop's documentation avoid confusion. 5. can access resources support related TikTok Shop fees? the reliable information TikTok Shop fees, visit TikTok Shop's official center seller .

Transaction fee: TikTok charges transaction fee 2.85% + $0.30 order. fee covers cost processing payment is deducted the total amount the sale. Currency Conversion Fee: you sell items a currency than local currency, TikTok charges currency conversion fee. commission usually 2%.

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The upcoming in fees. TikTok Shop the United States recently implemented significant change its fee structure. of April 1, 2024, TikTok transitioned a flat commission fee structure a product-dependent marketplace commission fee structure. adjustment means commission fees vary depending the product .

And brings to most important part - fee rate. current TikTok Shop Referral Fee rate 6%. is flat fee doesn't depend the product category. Note TikTok Shop refunds Referral Fee case any refunded returned orders. However, Refund Administration Fee applies, it 20% the Referral Fee.

How Much Percentage TikTok Take? Commission fees sellers leverage TikTok's engaged user base. Remember include charges pricing profit calculations. TikTok Shop Fees UK Explained. fee structure the UK starts an initial rate 1.8% the 90 days, making an ideal choice newcomers.

TikTok Shop 2024 commission policy update: Newly on-boarded sellers achieve "Active" status the Merchant Center 1 April 2024 31 October 2024 (GMT-8) eligible receive 60-day referral discount 2% + $0.3 order, only first $500,000 sales be discounted. receive discount.

Fee Structure Types. TikTok Shop a detailed fee structure involves multiple types charges. Transaction fees include commission fees, are percentages each sale. referral fee also applied order, around 6% can vary based the specific item sale amount.

Conclusion. TikTok Shop's fees competitive relatively straightforward. a commission fee 15% a payment processing fee 2.9% + $0.30 transaction, sellers expect pay 18.9% 20.9% their sale price fees. there other fees consider, as shipping taxes, TikTok Shop's fees relatively transparent easy understand.