Understanding Shopee Philippines Sellers Fees in 2024

shopee seller fee in 2024

Shopee consistently ranks as the leading eCommerce marketplace in Southeast Asia based on monthly visits. Starting July 1, 2024, Shopee Philippines has updated its seller fees, which will now be charged after each order is completed. 

These fees support platform improvements, smoother payment processing, and exclusive seller support programs. Here’s a quick guide to each seller fee type and an example for step-by-step income calculation:

The Shopee Seller Fees include: 

  1. Shopee Seller Commission Fee
  2. Shopee Seller Transaction Fee 
  3. Shopee Seller Service Fee 
 

1. Shopee Seller Commission Fee

Shopee charges a Seller Commission Fee for two types of sellers in the Philippines: Shopee Marketplace Seller and Shopee Mall Seller

Each type has a different fee structure and commission rate:

Shopee Seller Commission Fee Rates 
Effective July 1, 2024
(VAT-inclusive) 
Shopee Marketplace Seller Shopee Mall Seller 
7.24%-8.74%6.12%-9.96%
Note: For a detailed table of commission rates by category, please refer to the official Shopee Seller Education Hub website.

New Marketplace sellers on Shopee Philippines can benefit from a 0% commission for their first six months after listing their first product. Standard commission fees apply afterward, varying by product category and optional programs such as Coins Cashback.

Tip: Effective July 1, 2024, sellers who meet the Fast Shipping Program fulfillment criteria are able to:
• Enjoy a 1% discount on commission fee.
• Join the Free Shipping Special Program for 2.24% discount.

In addition, sellers also benefit from:

  1. Increase orders as buyers receive Shopee-sponsored free shipping vouchers with lower minimum spend vs non-FSS sellers.
first benefit for those seller who join the shopee seller commission fee programs

2. Higher shop visibility through FSS microsite and labels on all your products page.

second benefit for those seller who join the shopee seller commission fee programs

3. Additional in-app exposures during campaigns and chance to be included in Flash Sales.

third benefit for those seller who join the shopee seller commission fee programs
 

2. Shopee Seller Transaction Fee

Seller Transaction Fee is a handling fee charged for each successful order processed through Shopee’s payment service. As of January 1, 2024, Shopee charges 2.24% on the item’s price after deducting any seller-sponsored discounts but before applying any Shopee rebates (item rebates, discount vouchers and Shopee coins). 

Note: This also applies to orders tagged as ‘lost’ by Shopee.

However, this transaction fee is waived in specific cases where the order is ultimately not completed, including:

  • Order Canceled by Buyer
  • Order Canceled by Seller
  • Order Auto-Canceled by System
  • Refunded or Returned Orders
 

3. Shopee Seller Service Fee

For sellers enrolled in these programs, service fees are calculated as a percentage of the net Cost of Goods Sold (COGS) after an order is completed.

The rates are as below:

  • Coins Cashback (CCB):  3.36%, capped ₱100 per item 
  • Free Shipping Special (FSS): 5.6% 
  • Mega Discount Voucher (MDV): 4.0%, capped ₱200 per item 
Tip: Effective July 1, 2024, MDV sellers who enrolled in both the CCB and/or the FSS shall be eligible for a 1% discount on their MDV service fee.

Step-by-Step Guide: Calculating Your Seller Income

Step 1: Calculate the buyer payment and Net Cost of Goods Sold.

how to calculate the buyer payment and net cost of goods sold

Step 2: Calculate the Commission Fee.

Step 3: Calculate the Transaction Fee.

transaction fee

Step 4: To calculate the Service Fee for Shopee’s Free Shipping Special Program at a rate of 5.56%.

calculate the Service Fee for Shopee’s Free Shipping Special Program at a rate of 5.56%.

Step 5: Calculate seller’s Income.

Calculate seller’s Income.
Note:
• 0.01 – 0.49 will be rounded down while 0.50 to 0.99 will be rounded up.
• ₱20.72 was round up to the nearest full number.
• *figures indicated are the corresponding fee rates in decimal form.

Tip: Use the Pricing Calculator on the Shopee Education Hub to quickly estimate competitive prices and factor in your fees.
the pricing calculator in shopee

How to Easily Track Your Shopee Seller Fees?

With SiteGiant’s Payment Reconciliation, you can effortlessly cross-check orders across multiple marketplaces, verify payment statuses, review overcharged shipping fees, track free shipping fees and see successfully claimed amountsall in one place. The comprehensive commission report provides a detailed breakdown of your Shopee commission fees, keeping you informed of any fee changes.

Interested to know more about SiteGiant Payment Reconciliation?

Image Credits and References: Seller Education Hub.

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