Shopee To Increase Seller Transaction Fees From 2% to 3.5%

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Effective 1 August, Shopee will revise its transaction fees for sellers from 2% to 3.5%

All transaction fees will also be subject to an 8% SST, making the total transaction fee 3.78%.

Image via Shopee

The company said that all local Marketplace sellers (Non-Shopee Mall sellers) and Mall sellers are charged transaction fees to "cover payment gateway fees that apply to all online transactions by the service providers upon successful orders by buyers".

Shopee will deduct the transaction fee automatically from sellers' payouts when an order is completed.

Shopee's updated transaction fee has sparked concern among many, with some saying that sellers might increase their prices on goods to cope with the revised fees

However, several were hopeful that sellers will absorb the transaction fees instead.

Shopee To Increase Seller Transaction Fees From 2% to 3.5%

Effective 1 August, Shopee will revise its transaction fees for sellers from 2% to 3.5%

Shopee's updated transaction fee has sparked concern among many, with some saying that sellers might increase their prices on goods to cope with the revised fees

Since the start of this year, online shoppers have been expected to pay a 10% tax on overseas goods under RM500:

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