Shopee To Increase Seller Transaction Fees From 2% to 3.5%
The company said the increase is to cover payment gateway fees that apply to all online transactions.
By Tamara Jayne — 23 Jul 2024, 10:34 AM
Effective 1 August, Shopee will revise its transaction fees for sellers from 2% to 3.5%
All transaction fees will also be subject to an 8% SST, making the total transaction fee 3.78%.
The company said that all local Marketplace sellers (Non-Shopee Mall sellers) and Mall sellers are charged transaction fees to "cover payment gateway fees that apply to all online transactions by the service providers upon successful orders by buyers".
Shopee will deduct the transaction fee automatically from sellers' payouts when an order is completed.
Shopee's updated transaction fee has sparked concern among many, with some saying that sellers might increase their prices on goods to cope with the revised fees
However, several were hopeful that sellers will absorb the transaction fees instead.
