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With a global audience of nearly 300 million active users, Temu is a lucrative platform for scaling e-commerce businesses that are looking to connect with potential customers from around the world.
However, it can be costly and time-consuming to start selling on different online marketplaces – particularly if you plan to be active in multiple countries. You’ll typically need a local bank account to collect sales revenue from these sites, and you’ll have foreign exchange (FX) fees and the hassle of managing multiple income streams to think about too.
In this article, you’ll learn how to sell on Temu while overcoming these common challenges. We’ll share ways you can maximise your success on the platform and explain how to handle payments in multiple currencies more efficiently.
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So, how do you get set up on Temu and start to sell on the platform? Here, we share a step-by-step guide.
To get set up as a Temu seller, you first need to register as a new seller or merchant. You can do this by contacting Temu directly or applying through its sister company, Pinduoduo.
There are two main ways to do this:
Regardless of your location, you’ll need to verify your business by providing details such as your business licence, a tax registration certificate and a form of personal ID. Once you’ve submitted this business information, Temu will tell you within three days whether your application has been successful.
Once Temu has greenlit your application, you’ll need to complete your seller profile. To make your profile official, you need to set up a bank account in the country where you’re selling. Plus, you’ll be required to provide extra details including your business name, contact information, tax credentials and banking information.
You can also customise your store with your official branding, a bio that attracts the right shoppers to your business and your policies, such as:
Note. It can be tricky to set up a local account in the country where you’re selling if you don’t have a presence there. If you’re concerned that this might present an obstacle to your growth, skip ahead to see how WorldFirst can help.
Once your Temu store is all set up and ready to go, start adding your inventory. When selecting products for your store, there are two routes you can take:
Once you’ve set your inventory, you’ll need to create product listings and descriptions. Some things to consider include:
Before you officially launch your store and start selling, you should be aware of the platform’s seller fees. Having a firm grasp of Temu’s platform fees will help you forecast profits and set budgets with confidence. Here’s a summary for your reference.
| Type of fee | The particulars |
|---|---|
| Listing fees | There’s no charge for listing products on the platform. |
| Referral fees | The platform’s referral fees are between 2% and 5%. |
| Subscription fees | The subscription fee is US$39 per month. |
| Fulfilment fees | If you choose Temu’s direct order fulfilment option, you’ll be charged fees based on the weight and the size of the items. |
| Shipping fees | Consumers benefit from free shipping as a platform perk. But as a seller, you’ll have to consider shipping fees and absorb them into your costs accordingly. |
In addition to understanding Temu’s platform fees, you need to know how to accept payments as a seller. To start accepting payments, accept Temu’s payment terms and provide up-to-date bank account details. You’ll also need to share a proof of address and a tax certificate.
Payment processing fees can vary according to country or region. Visit Temu’s Support Centre for information on processing fees relevant to your business.
At this point, you’ll have set up your store, arranged your inventory and examined Temu’s platform fees and payment options in detail. Now you’re ready for launch.
Once Temu has reviewed and published your online store’s product listings, you can monitor your sales and fulfill orders directly through the seller portal.
To make a healthy profit through your Temu store, it pays to be consistent and transparent. That means sticking to your store policies, shipping your goods on time and communicating with your customers regularly.
Once you’re set up, these practical tips can help you succeed as a Temu seller and earn consistent growth through the platform.
Your Temu store is set up, but one of the most important considerations is how you’re going to manage the sales revenue that you earn.
While that might sound easy enough, there are some challenges that you shouldn’t underestimate when selling through e-commerce platforms like Temu, Amazon or Etsy:
But opening a bank account in a foreign country isn’t always easy. You’ll often need a physical presence in that region – and that means meeting specific administrative and regulatory requirements.
While managing e-commerce payments comes with its challenges, you don’t have to do it alone. At WorldFirst, we support e-commerce brands of all sizes to accept payments and make international transfers quickly and affordably.
Read on to find out more – or sign up today to open an account.
WorldFirst’s World Account is an all-in-one multi-currency account that offers simplified and secure solutions for global payments. If you’re a cross-border business selling on global e-commerce sites, WorldFirst can help you save on FX fees and send money faster.
Many global e-commerce businesses already rely on WorldFirst as their preferred payment platform. Over 300,000 Amazon sellers currently use a World Account to handle their international payments. Since 2004, over $300 billion has been sent through WorldFirst and its partner brands, helping businesses like yours go global while saving on FX costs.
Here are three reasons why you should open a World Account if you’re looking to sell on Temu:
E-commerce brands often have separate accounts for each currency and marketplace. However, this can make it difficult to get visibility over all your finances.
To make this easier, WorldFirst connects with over 100 seller marketplaces – including Temu – and over 30 payment platforms. Receive your funds with zero fees and access your sales revenue faster.
What’s more, you can manage all your sales in one place for better visibility over all your income streams. For instance, you can open an account for your Temu sales and another for your Amazon revenue, but view them both in the same interface.
Unlike with other e-commerce platforms, selling globally on Temu doesn’t strictly require you to have a local account in each country where you’re selling. However, having a separate account for each geography helps you to save on international transaction fees and get paid faster when collecting funds.
However, with a conventional bank, you’ll typically need to have a local presence in each of these countries to open an account. And this can dramatically slow you down.
With a World Account, you can get paid like a local – without the hassle. One account gives you local account details in 20+ currencies, so you can leverage local payment networks and get paid faster. You can reduce payout times from six business days (via SWIFT) to as little as one business day.
This makes it easier to pay local suppliers too. For instance, with a CNH currency account, you can easily pay suppliers in China while minimising processing fees.
When you handle payments in several currencies, FX costs can stack up over time – eating into your profit margins.
With WorldFirst, you can make payments in 100+ currencies to accounts in over 210 different countries. Our payment fees and conversion costs are clear and competitive, helping you keep costs to a minimum, while our advanced FX tools let you manage risk.
For example, you can choose when to convert currencies and take advantage of favourable rates when they’re available. Set a target rate and we’ll notify you the moment it hits. Alternatively, lock in an exchange rate for up to 24 months to protect against future volatility.
Ready to set up a World Account? It couldn’t be easier. Simply follow these steps:
Note: you can use this official Help Centre guide to navigate the process.
UK-based Bull Doza is on a mission to sell high-quality martial arts wear around the world. The brand sells its products exclusively online without any intermediaries involved, passing the savings onto its customers.
After gaining traction in the UK, Bull Doza had ambitious plans to expand into the global market, but a roadblock stood in its way. Limited by banking restrictions, Bull Doza couldn’t sell on Amazon US or Europe. To grow, the brand needed a sustainable, global solution.
Working with WorldFirst, Bull Doza successfully expanded into several global markets. They could easily verify their banking details in different countries by quickly downloading an account ownership statement. Plus, they were able to integrate their World Account with Xero for improved accounting and financial decision-making.
The result? Bull Doza accelerated their market entry by three to six months, reaching new regions faster. The company also saved as much as 3% on every $10,000+ sized transfer compared to traditional banks.
In this guide, we’ve covered how you can start selling on Temu. Now, all you need is an efficient payment system that’s built for international growth.
WorldFirst’s World Account is a multi-currency account that empowers your business to grow beyond borders. With WorldFirst, creating administrative efficiency, expanding into international markets smoothly and reducing FX fees is now easier than ever.
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