Great news for Tiktok shop sellers! You can now issue partial refunds to customers. Here's how it works: If you sent a £10 product to a customer who encountered an issue but is willing to keep the item, you can negotiate a partial refund. For instance, you can offer a £5 refund as compensation and let the customer keep the product, avoiding additional shipping costs. Previously, you had to refund the entire order amount. Even if a customer bought two items worth £10 each and wanted to return only one, a full refund of £20 was required. This change allows for more flexible and cost-effective solutions for both sellers and customers. #tiktok #tiktokupdate #tiktokexpert #tiktoknewupdate #tiktokshop #tiktokstore
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Let's explore the different types of refunds you may encounter when #shopping on TikTok. 1️⃣ Returnless Refund: Sometimes, the seller will issue your refund without asking you to send the item back. This often happens with custom-made products or items that cannot be resold due to specific reasons. 2️⃣ Partial Refund: In some cases, the seller agrees to refund only a portion of the total amount. Sellers must adhere to legal #requirements and ensure fairness in their partial refund policies. 3️⃣ Full Refund: You'll receive the #entire amount you paid for. A change of mind, sizing issues, product defects, or discrepancies between the product #listing and what you received are all reasons enough to apply for it. With these refund options in mind, you can shop on #TikTok Shop with confidence, knowing you can act in case anything doesn't go as planned. Happy shopping! 🎉💳 #TikTokShop #RefundOptions #HappyShopping
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Exciting News for TikTok Shop Sellers! We're thrilled to announce that starting July 16th, 2024, you'll be able to initiate partial refunds and negotiate with buyers directly from the Seller Center for refund requests! What is Partial Refund? This game-changing feature allows you to offer a partial refund to buyers for items that can't be returned, making the refund process more efficient and transparent. This additional resolution option not only improves the customer experience but can also lead to more sales! Stay ahead of the game and get ready to take your TikTok Shop experience to the next level! #TikTokShop #Ecommerce #Sellers #PartialRefund #CustomerExperience #SalesBoost
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Calculation formula on TikTok Shop Referral Fee is a service fee charged on successfully paid and delivered orders in TikTok Shop. If the entire order is canceled/ refunded/returned, the referral fee will be returned. In cases of partial refunds, the fixed $0.30/order will not be refunded as the order still exists with a value above $0.01 Referral Fee = Referral Fee = 2.0% *(Customer Payment + Platform Discount) + 0.30 USD per order Currently, all sellers will benefit from the referral fee promotion #tiktokShop
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Hey TikTok Shop Owners! 📣 Exciting news is on the way! Starting from 4th November, TikTok Shop is making changes to two important metrics that could make a big difference for your business. The long-awaited update to the Late Dispatch Rate (LDR) is here! 🚚 The metric will now be based on "Ship to Ready to Ship" instead of "Transit." This means if your courier doesn’t update the shipment status, it won’t impact your account health anymore. 🎉 Get ready for a smoother selling experience! 🙌 #tiktok #tiktokshop #TTS #TTSHOP #Ecommerce #SellerUpdates #OnlineBusiness #TikTokUpdates
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Starting September 2nd, 2024, TikTok Shop's commission rate will increase from 5% to 9%. However, 𝐧𝐞𝐰 𝐬𝐞𝐥𝐥𝐞𝐫𝐬 can enjoy 0% commission for up to 90 days by completing specific onboarding missions. Certain categories, such as Electronics, Collectibles, and some Beauty products, will continue to have a lower commission rate of 5%. Additionally, commissions for sales from short videos will be reduced to 7%, while livestream sales will have a reduced rate of 5%.
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TikTok Shop just gave high AOV brands a major boost! Interest-free credit card installments are now available for users on orders over $50. 🔥 We've seen a significant increase in brands with AOV >$100 succeeding on TikTok Shop recently. The new installment payment option is set to dramatically increase conversion rates for these brands. Here are five brands with AOV >$100 that achieved over $1M in GMV in the last 30 days. This level of success wasn't happening a few months ago. TikTok is pressing all the right buttons! Best of all, the credit card installment payment option comes at no cost or fees to brands. It's a no-brainer. P.S. Struggling with your TikTok Shop growth? DM me “TTS Boost”. #TikTokShop #Ecommerce #SocialCommerce #DigitalMarketing #SalesStrategy #RetailInnovation #TikTokForBusiness #OnlineShopping #MarketingTrends #BusinessGrowth
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Exciting news for TikTok Shop sellers! 📣 TikTok Shop is making it easier than ever to manage returns and order cancellations. 🔄 What's new? Customized rejection reasons to match your customer's concerns. Tailored options based on your product type. Evidence submission for select reasons to clarify your decisions. Benefits for sellers: Faster and easier return management. Reduced misunderstandings and disputes. Enhanced customer experience through clearer communication. Plus, we've updated cancellation reasons to ensure accuracy and consistency. Best practices for canceling orders: Choose the right reason every time. Keep your SFCR below 2.5% to avoid penalties. Thank you for partnering with TikTok Shop! Let's continue to provide the best possible shopping experience for our customers. #TikTokShop #SellerTips #Returns #Cancellations #Ecommerce #CustomerService #BusinessGrowth
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🚀 Fulfilled By TikTok (FBT) is going hard on the incentives for brands to join. 💡 Did you know that TikTok subsidises shipping costs for all FBT orders over £20? This means zero cost to the seller! Plus, starting from October 25th, their standard shipping fee for orders under £20 will drop from £3.48 to just £2.99 across the UK. ✨ This is a fantastic opportunity for: - SMEs to finally access competitive shipping rates. - Brands recently kicked out of Amazon warehouses to find a new platform. - For everyone to maximise profits during the busy peak season. - New sellers to jump on TikTok Shop and scale fast. If you’ve been thinking about joining TikTok Shop, now’s the time! 🌟 #ecommerce #socialcommerce #TikTokShop #FBT #PeakSeason #Fulfillment #DigitalMarketing #TikTokForBusiness
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Tiktok Cashback is here ! 😍Pros : ✅️More traffic ✅️New Customers ✅️Better conversation to sales 😡Cons : 👎Extra 1.6% charged every month 👎Profit margin of sellers getting lower and lower (Still got Untung or not ?) For example: Fashion sellers all in charges, including coins will be 15.6 % after 1st October 2024 ) Have you joined ? (I did ! , need to test myself as a lab rat first 🙃) What is your opinion ? #tiktokcashback #cashback #TiktokClass
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TikTok just announced it filed an emergency motion for an injunction to stop the TikTok Ban. TikTok has 170 million American users. In 2023, the advertising, marketing, and organic reach on TikTok contributed $24.2 billion. TikTok’s own operations contributed an additional $8.5 billion to the U.S. GDP. Estimates show small businesses on TikTok would lose more than $1 billion in revenue and creators would suffer almost $300 million in lost earnings in just one month unless the TikTok Ban is halted. #tiktokban #tiktokbanned #tiktokusa #tiktokshop #creators #tiktok #affiliate #livestream #amazon #dtc #blackfriday #cybermonday #bfcm #shopify
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