TikTok Shop Malaysia has now announced that they will readjust the transaction fee on their platform for sellers, where it will be increased from the 1% charged today, to 2.12% starting 17 October 2022.
This transaction fee increase is subject to all local sellers – involving all product categories.
TikTok says all orders starting October 17, 2022 will be subject to this new transaction fee. For sellers on TikTok, perhaps you can take note and adjust your offerings in line with these improvements.
Although for public users, this has no effect – but indirectly there may be some sellers increasing the selling price to cover this increase in transaction costs.
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APPS & GAMES