An article to show you TikTok Shop deposits

October 7 is the last time for TikTok Shop to pay the deposit.
Have you paid the deposit for the sellers of TikTok stores? Did you ever close the store without paying the deposit? Welcome to the comment area to leave a message.
In September, the TikTok Shop cross-border e-commerce official account released the "TikTok Shop cross-border store margin policy will be launched soon", which exploded almost all TikTok sellers.
"TikTok announced that TikTok Shop will collect store deposits from all cross-border merchants from September 15, 2022." Many TikTok sellers were shocked, but they were not particularly clear about the relevant policies.
Today we will explain to you.
1、 What is margin? When will the deposit be paid? Who needs to pay the deposit? What if I don't pay? In order to ensure that merchants can better serve consumers, TikTok will collect deposits from all cross-border merchants from September 15 to October 7.
From 0:00 on October 8, businesses that fail to pay the deposit in time operate or are affected to varying degrees, including but not limited to limited orders, offline goods, etc.
The Deposit Policy for TikTok Shop Cross border Stores is applicable to all cross-border sellers of TikTok Shop.
The amount of deposit paid by stores varies in different categories and countries, mainly applicable to cross-border sellers in Britain and Southeast Asia.
2、 How much is the deposit? (1) Overall principle affecting the amount of deposit 01.
Related to the category of the seller's shop √ New shop/shop without order: subject to the category set by the shop, the highest category deposit shall be paid, without multiple categories being overlapped;
√ Shops that have issued orders: subject to the category of issuing orders and the category of being sold, the highest deposit of the category of being sold/issued shall be paid, and there is no need to pay more than one category;
√ No payment is required for non operating categories;
The paid deposit can be returned after the after-sales service of the category order is completed.
02.
Each site related to the country where the business is operated shall pay separately, and the country where the business is not operated shall not pay;
(2) The margin payment policy refers to the policy published by the official background of tiktok.
(3) The calculation formula of the actual amount of the margin paid (CNY/HKD)=[recharge amount (GBP/USD)+recharge amount (GBP/USD) * 1% of the technical service fee] * real-time exchange rate.
At the same time, the platform will charge * 1% of the recharge amount for each recharge transaction;
For example, if the seller wants to recharge 1000GBP, and the real-time exchange rate when entering the cash register is 8.01, the merchant needs to pay (1000+100 * 1%) * 8.01=8090.01 yuan.
3、 How to pay? On September 15, TikTok Shop opened the margin recharge entrance (path: TikTok Shop Seller Center → assets → margin).
Payment method: Chinese mainland companies support individual online banking payment and enterprise online banking payment, while Hong Kong companies support Paypal and debit card payment.
4、 How do I return it? （