Can the Shopee deposit only be refunded to a public account? What are the requirements?

When opening a store on Shopee, you need to pay a deposit in advance. Its purpose is to protect the rights and interests of users. Of course, this money will be refunded when you don’t open a store. So, if this deposit is refunded, can it only be refunded to your public account? Let’s answer this question right away.

1. Can the Shopee deposit only be refunded to the public account?

Basically, the money will be refunded to the account through which you paid. And when you register, you basically provide the information of your public account, so the refund will naturally be refunded to this account.

2. What are the requirements?

First, let's analyze the difference before and after the deposit. There were activities in the past, but there was no need to pay the deposit, so a problem arose, that is, a large number of people came in to grab the venue to sign up, and thinking that there was no loss in such activities, such activities would be reduced.

Under the platform reform, some people will be dissuaded from paying a deposit, and this part will give in. In addition, in the case of deductions under the deposit, a group of people will also be screened out. The platform will require shipment within 1-2 days, so people will not dare to report the event casually, because they have to place hundreds or even more orders a day.

There may be a situation where a large amount of goods cannot be shipped out. If they cannot be shipped out, the order will be cancelled and the cancellation will result in deductions. In this case, most orders will be deducted and the deposit will be deducted soon.

But flash sales are not a loss. On the contrary, they bring more traffic than expected. A flash sale can bring nearly a thousand visits to the store. Flash sales can not only drive sales, but also increase customer traffic, which is more than you think!

The deposit is actually just a constraint on liability. If you want to get out of this unscathed, the deposit can still be returned. However, for those who are still waiting and watching, the deposit rules may affect their decision. Whether to leave or stay depends on what conditions the platform can offer. This is more about constraining merchants, and the new support is not very obvious.

Moreover, the quantity is still limited, which is not friendly to the retail industry. Brands like Yiwu Small Commodities are definitely merchants with large quantities as their advantage, but the quantity limit will put them in a dilemma. Many products need to increase the flow and go abroad.

Limiting the quantity means that the types of goods must also be properly controlled, which will undoubtedly increase the pressure on operations. Classifying merchants, the number of high-quality ones that can be put on the shelves is larger, so in order to achieve initial development, you have to try every means to compete for the position of the preferred store. There will always be some stores with insufficient combat effectiveness that will lose. Is this really beneficial for the brand to go global?

Time will tell. In fact, what the platform needs to do is not only to limit the quantity, but also to strictly control the quality so that the trade can go further and further.

The Shopee deposit will be refunded based on the account you paid it from. It will be refunded to the same account you paid it from before. And the shops that have settled in are basically enterprises, so there will be more people using public accounts. Basically, the refunds will be made to this type of account. This will be clear when you submit the information for settlement.