Does Lazada require a deposit? How much is the deposit?

Merchants who open online stores and operate stores on domestic e-commerce platforms know that after successfully opening a store, they basically need to pay a deposit. This is responsible for consumers and for themselves. Does Lazada require a deposit?

Opening a store on Lazada will incur transaction commissions, logistics costs, value-added tax and other fees, and the specific cost of opening a store is relatively low. However, everyone should pay attention that when opening a store on Lazada in 2021, Lazada will need to charge a store opening deposit.

What is the margin?

Starting from 2021, Lazada will require new sellers to pay a security deposit of RMB 3,000;

Currently, sellers who have settled in before 2021 do not need to make additional payments.

Lazada's deposit is only collected from cross-border sellers. To open a store in 6 countries, you only need to pay a deposit of 3,000 RMB once.

The deposit will be returned to the seller within 30 natural days after the seller applies to close all stores in the 6 countries.

Although Lazada now requires a deposit, which increases the cost of opening a store for sellers, it is also more secure;

Please note that payment can only be made through a verified corporate Alipay account, so everyone must prepare an Alipay account with sufficient funds.

In addition to the deposit, sellers should also be aware of the following fees when opening a Lazada store in 2021:

1. Transaction Commission

After the order is successfully completed, Lazada will charge a transaction commission of 1%-4%. If a return or refund occurs,

The commission will be returned in other cases. For the commission of specific categories of products, please refer to the following table:

2. Value Added Tax (GST)

Because Lazada is a Southeast Asian e-commerce platform, and Southeast Asian countries will charge corresponding fees for imported products.

For value-added tax, the specific tax rates are: Malaysia 6%, Singapore 7%, Thailand 7%, Indonesia 10%,

Philippines 12%, Vietnam 10%. For some special products, an additional fee will be charged.

3. Logistics and freight

Because the seller can only ship through the official logistics LGS global delivery, the logistics cost calculation

There is a specific standard. Domestic freight is charged according to logistics, and international freight is charged according to logistics.

Lazada is responsible for this. Sellers can also reduce logistics costs by hiding prices in product pricing.

4. Accounting processing fees

The platform will charge a 2% account processing fee when lending to sellers.

5. Withdrawal Fee

If the seller uses Payoneer to withdraw cash, a certain withdrawal fee will also be charged, which is approximately 1.2%. You can contact Payoneer customer service to find out.

To sum up, Lazada requires a deposit to open a store. Although there was no such fee before, starting from 2021, you will need to pay a deposit to open a store on Lazada.