Post by hanro1187 on Feb 13, 2024 21:52:59 GMT -8
Selling on TikTok Shop has become very familiar with online sellers. Many sellers have achieved "record" sales after just a few hours of livestreaming. However, many sellers still do not know how long it takes to withdraw money from TikTok Shop to their account? In this article, KiotViet will help sellers answer information as quickly as possible. Let's follow along now! earn money tiktok shop KiotViet sales management software has synchronized order management on TikTok Shop to help sellers do business more conveniently, effectively and quickly.
Discover now: TikTok Shop order management solution from KiotViet Cambodia Telemarketing Data Try it for free TikTok Shop's settlement policy First, sellers on TikTok Shop need to understand what is the settlement cycle on TikTok Shop? Settlement cycle is understood as the time from when the order is delivered until the seller receives payment for the order. There are 3 types of settlement cycles corresponding to TikTok Shop's criteria as follows: 1. Standard settlement By default, TikTok Shop will apply standard settlement to all sellers. Sellers will be able to withdraw money from TikTok Shop to their bank account 7 days after order payment (T+6)+1. In which: - T means the date the order is delivered to the buyer - +6 means 6 days after delivery of the order until the date the order is considered completed. - +1 means 1 calendar day from the date the order is considered completed until the date the money is transferred to the Seller Center.
On the 7th day, sellers can see funds from all completed orders that are Withdrawable on the TikTok Shop Seller Center finance menu. Sellers can then withdraw money from TikTok Shop to their respective bank accounts. 2. Quick settlement When is fast settlement cycle applicable: - Merchant must not have been flagged for any fraudulent activity - Merchant must have less than 12 violation points - Merchant late shipping rate (in range 30-day period) is 3% or less - Seller error cancellation rate (during a 30-day period) is 3% or less - Seller-related negative review rate (during a 30-day period) is 3% or less days) is 0.5% or less - Seller's return/refund rate due to defective orders .
Discover now: TikTok Shop order management solution from KiotViet Cambodia Telemarketing Data Try it for free TikTok Shop's settlement policy First, sellers on TikTok Shop need to understand what is the settlement cycle on TikTok Shop? Settlement cycle is understood as the time from when the order is delivered until the seller receives payment for the order. There are 3 types of settlement cycles corresponding to TikTok Shop's criteria as follows: 1. Standard settlement By default, TikTok Shop will apply standard settlement to all sellers. Sellers will be able to withdraw money from TikTok Shop to their bank account 7 days after order payment (T+6)+1. In which: - T means the date the order is delivered to the buyer - +6 means 6 days after delivery of the order until the date the order is considered completed. - +1 means 1 calendar day from the date the order is considered completed until the date the money is transferred to the Seller Center.
On the 7th day, sellers can see funds from all completed orders that are Withdrawable on the TikTok Shop Seller Center finance menu. Sellers can then withdraw money from TikTok Shop to their respective bank accounts. 2. Quick settlement When is fast settlement cycle applicable: - Merchant must not have been flagged for any fraudulent activity - Merchant must have less than 12 violation points - Merchant late shipping rate (in range 30-day period) is 3% or less - Seller error cancellation rate (during a 30-day period) is 3% or less - Seller-related negative review rate (during a 30-day period) is 3% or less days) is 0.5% or less - Seller's return/refund rate due to defective orders .