If you intend to sell on Shopee, one of the most important things you need to know is the Shopee Seller Transaction Fee — the handling fee for the cost of payment transactions for every order placed with a seller.
For every successful transaction on its payment services, Shopee will collect a 2% (+VAT or value-added tax) fee on the buyer’s total amount. The same fee also covers orders that are tagged as “lost” by Shopee. Remember that these fees are imposed on all sellers on Shopee and are up-to-date as of August 1, 2020.
IN THIS ARTICLE:
How is Shopee Seller Transaction Fee calculated?
Before calculating the Shopee seller transaction fee, you must first know how to calculate for the +VAT. The formula is:
2% transaction fee
+ (2% TF X 12% VAT)
= 2.24% (the actual fee on the buyer’s purchased item)
Now that you have the figure, you can begin to compute the seller transaction fee. As an example, let’s say a buyer purchases an item worth ₱400 from your shop and you want to know how much you will be paying Shopee. Note that this includes the shipping cost, as well as vouchers and Shopee coins used by the buyer to get the item:
₱500 (item purchased)
+ ₱50 shipping fee
– ₱25 voucher
– ₱50 Shopee coins used
= ₱475 total purchase of buyer
Then you put in the fee you calculated earlier:
P475 total purchase of buyer
X 2.24% (actual fee of the item)
= P11 seller transaction fee
Note that Shopee rounds the exact amount calculated to the nearest full number. In the case of our example, the exact amount calculated was ₱10.64.
In which scenarios does the seller transaction fee apply?
All orders are covered by the Seller Transaction Fee. However, there are some exceptions:
- Cancelled by buyers
- Cancelled by sellers
- Auto-cancelled by the system
- Returned or refunded
Does it cover taxes?
Yes. As you can see in our example, the 12% value-added tax is a requirement under Revenue Regulation No. 9-2021 of the Philippine government.
Remember that as a local seller, you have the responsibility of filing for your own tax filings to the Bureau of Internal Revenue (BIR).
How often should I check for fee increases?
As a seller, you must be aware of the latest Shopee fee increases. One of the best ways is to visit the Shopee Seller Education Hub. There they have detailed explainers about fees.
If you have a seller account on Shopee, you will automatically receive notifications about fee increases either via email or through the Shopee app.
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