What is Vova?
VOVA is an emerging mobile cross-border e-commerce platform for the global market. It officially started operations in March 2018. Although the platform has not been developed for a long time, it has the momentum to become a dark horse.
So, as Vova is a dark horse, how much does it cost to open a store in Vova? Next, let me show you how much it costs to open a store in Vova.
How much does it cost to open a Vova store?
When selling products on the VOVA platform, VOVA will charge a commission of 14.5% based on the actual sales (product price + delivery fee), deducting some amounts for cancellations, refunds, etc. There will be no commission if there is no sale.
Settlement and collection
1. Settlement rate:
RMB: Settlement will be based on the current day's cash purchase price of Bank of China, minus a 0.9% handling fee. In the future, merchants with large liquidity will be offered more favorable rates.
USD: The settlement amount is USD 200 or above. A fixed handling fee of USD 20 will be charged for each payment regardless of the amount.
2. Settlement cycle: 15 days, with settlements taking place on the 1st and 17th of each month (8 weeks for new merchants, which can be adjusted to 4 weeks depending on sales).
The above is the relevant information about Vova in this issue. If you want to get more knowledge about Vova, please continue to pay attention!
