TikTok Shop is very popular in the United States right now, and it is so popular that it is the user traffic in the United States, there are 1With 500 million users, the fire is the consumption power of users in the United States, and the fire is that Chinese sellers are optimistic about this market. In 2024, TikTok's global e-commerce GMV target is 50 billion, more than double that of 2023. Therefore, the policies and market growth of TikTok Shop in the United States in 2024 will pay more attention to the market.
That involves the collection problem of stores in the United States, how to solve it, here is to share with you to help sellers solve the collection problem.
1. Collection process
There are three main steps in the whole collection process:
1. Apply for opening a foreign currency collection account on a third-party payment service platform;
Tips: There are four types of registered stores in the United States, one is individuals in the United States; second, enterprises in the United States; the third is a Sino-US joint venture, where Chinese capital can be the majority shareholder; fourth, cross-border stores; Due to the relatively high application threshold of the latter two entities, most of our sellers are the first two.
2. Go to the TikTok Shop store background to bind your account;
3. After receiving the money from the bound account, you can withdraw the sales money to the domestic bank card on the third-party payment service platform, submit the relevant order information and collection information, and pass the review.
2. Apply for a foreign currency collection account
1. You can apply to open a foreign currency collection account at TikTok Shop on a third-party payment platform.
2. After the application is successful, the platform will give you the foreign currency collection account information, please click to view.
3. Go to the store background to bind your account
1. Enter the TikTok Seller Center and operate in the store's backend finances.
2. If it is a newly registered store, click "Add Bank Account" to bind.
3. If you have an existing store and want to change your collection account, click "Manage Bank Account" - click "Change Account" - fill in the back-end finances"add payout method"and submit it.
4. Initiate account registration and withdrawal
After receiving the money from the bound foreign currency account, you can submit the relevant orders and payment information of TikTok Shop sales on the third-party payment platform;
Order information: Click "Orders" on the left side of Seller Center, select "Manage Orders", and click "Export" to export;
Submit according to the format requirements of the third-party payment platform, and you can initiate the account and withdrawal; After the review is passed, you can withdraw to the bound domestic bank card.
The above is the overall operation process of TikTok Shop's collection account application, binding and withdrawal in the United States, the operation process is not complicated, as long as the store application subject meets the requirements. If you have any questions, please leave a message in the comment area.
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