Shopee Vietnam site payment cycle changed to once a week

On March 25, Shopee issued an announcement that starting from March 28, 2022, the payment cycle of the Shopee Vietnam site will be changed from twice a month to once a week.

Shopee mentioned in the announcement that the week when the order is completed is the billing cycle, and the 7 working days after the billing cycle is the payment cycle. The Shopee platform will pay the seller within the payment cycle.

The first implementation period of the new rules: the billing cycle is March 28th to April 3rd, and the payment cycle is April 4th to April 12th.

The following is an example for reference (please refer to the actual payment time):

(Image source: Shopee)

At the same time, the Shopee platform also reminds sellers that if local holidays occur in Singapore, the United States, or Vietnam during the payment cycle, payment may be delayed.

The payment cycle of Shopee Vietnam site has been changed from twice a month to once a week, which will be a great benefit to the relevant sellers. It will greatly alleviate the financial pressure and also help improve the efficiency of fund use.

For novice sellers, please pay attention! Many platform rules of Shopee are very different from other e-commerce platforms, especially the payment issue. The settlement method for merchants is also very different.

For new Shopee stores, payment is generally made after the consumer confirms receipt of the goods. The order will then enter the payment status, and the platform will transfer the fees to the seller’s payment account within the specified time on the next disbursement day.

For preferred sellers, generally after consumers confirm the order, the order will enter the payment status 7 days later, and then the funds will be transferred to the seller's payment account on the next disbursement day.

The Shopee platform pays the seller through the seller's binding of the payment account in the background. Based on the account bound by the seller, the platform will settle the payment for the seller every cycle.

Generally speaking, Shopee makes payments in two installments, in the middle and at the end of each month. The amount of the payment is based on the orders completed within the previous two weeks. There is no minimum payment amount for each payment.

This time , the payment cycle of Shopee Vietnam site has been changed from twice a month to once a week.

It is recommended that sellers make appropriate withdrawal times based on the payment cycle above to avoid problems with cash flow, which will cause many unnecessary impacts on their stores and prevent them from operating smoothly.

Shopee Platform

Payment cycle