If you also want to sell on TikTok Shop Philippines, you may need to know how TikTok Shop charges sellers. Becoming a TikTok Shop seller is totally free and there are no upfront fees to open a shop. But TikTok charges transaction fees when the sellers get sales. This article will tell you the details.
Transaction Fees on TikTok Shop
After an order is delivered to buyers successfully, TikTok sellers will be charged a fee from the final order/payout settlement, it is called transaction fee. It is a service fee charged for processing successful orders in TikTok Shop.From 05 December 2022, the transaction fee is adjusted from 1% (tax included) to 2% (tax included) by TikTok Shop. It is applied to all successful orders (including refund orders) and all product categories. The Transaction Fee is charged based on the total successful orders:
Transaction Fee = (Customer Payment - Customer Order Refund) x 2 %
For example,
For successfully placed orders, the customer payment is ₱10,000, seller discount is ₱500, platform discount is ₱500, customer shipping fee is ₱1,000, the final Transaction Fee = ₱10,000 x 2% = ₱200.
For successfully placed orders, the customer payment is ₱10,000, seller discount is ₱500, platform discount is ₱500, customer shipping fee is ₱1,000, the refund amount of ₱5000, then the final transaction fee = (₱10,000 - ₱5000) x 2% = ₱100.
How to check transaction fees for orders?
To check how many transaction fees are charged by TikTok Shop, the sellers can go to TikTok Shop Seller Center > Finance > Settled Records page to check the detailed information.If you want to know the profit you get for your TikTok orders, you can use BigSeller. You can enter the item cost for each product in BigSeller, then it will calculate profit for you automatically.
