As a loyal user of Keyin Store, when I tried to bring goods through live streaming recently, I wanted to withdraw funds according to the process, but I never wanted to encounter the problem of funds being frozen. Some merchants have also encountered a similar situation, why did the small store's funds be frozen?
To understand the freezing of funds, we must first understand that this is a restrictive measure taken by the platform against the merchant's violations. Once the funds are frozen, the merchant will not be able to withdraw until the restriction is lifted. So, what actions can trigger a freeze of funds?
1.The security deposit is insufficient or the invoice is not issued. At this time, the problem can be solved quickly by paying the deposit and issuing invoices in time.
2.Violation of platform regulations. Acts such as posting targeted products, improper profits, fraudulent shipments, listing prohibited products, or infringing counterfeit sales. These violations may result in the freezing of funds, and the merchant will be responsible for the consequences. If you want to unfreeze the funds, you often need to seek internal channels, which usually takes about 15 days.
In order to avoid the freezing of small store funds, merchants need to abide by the rules of the platform and adhere to honest management. At the same time, merchants also need to keep abreast of platform policies and relevant regulations so that they can adjust their business strategies in a timely manner.
In short, the problem of freezing funds in Keyin Store has indeed brought certain troubles and losses to merchants. However, as long as we carefully understand the platform regulations and relevant regulations, and abide by the rules and operate in good faith, we can avoid similar problems. I hope this article can help you better understand the issues related to the freezing of funds in Keyin Xiaodian, and let us work together to create a good e-commerce environment.
This article is compiled and published by [Daewoo Technology Network] - Merchant Risk Handling Platform.