What is Overstock? What are the conditions for joining Overstock? What are the fees of Overstock?

What is Overstock?

Overstock is a well-known online shopping platform and brand discount sales platform in the United States. It started with furniture and home furnishings, and now covers a wider range of categories, including 3C and clothing, and is gradually becoming more boutique. The platform targets middle- and high-income users, and most of the users are female.

The main consumer groups on Overstock are middle-class women, accounting for 76% of the total. Their annual income is $85,000 per person, which brings a broader development prospect to the platform. It is understood that Overstock started with home furnishing products. The average customer unit price of the platform is relatively high, basically maintained at $200, and the average customer unit price of home furnishings is $290. The average annual consumption of regular customers is $5,000, and the repurchase rate is twice a month.

What are the conditions for joining Overstock?

1. American companies;

2. Tax ID number, either W8 or W9 is acceptable;

3. Insurance certificate;

4. US phone number;

5. Overseas warehouse shipments are given priority;

6. Monthly GMV of more than 50,000 USD, the more the better

What are Overstock's fees?

Commissions for each category:

Clothing: 15%;

Fashion accessories: 15%;

Home decoration: 22%;

Lighting fixtures: 22%;

Furniture: 22%.

Transaction fee: 0.5 USD/transaction.

Once every two weeks, settled in USD.

Payment methods: Check, bank transfer, ACH (Automatic Computing System, US banks only).

The fee for withdrawing money from Overstock back to China is generally not very good. You can use a cross-border third-party payment platform to withdraw funds - Airwallex. Airwallex was founded in Melbourne, Australia in 2015. It is committed to building a digital global financial infrastructure and providing intelligent and seamless cross-border payment solutions. It also supports 22 cross-border e-commerce platforms such as Amazon, eBay, Cdiscount, Real.de, Fnacdarty, B2W, Jumia, Linio, ManoMano, MercadoLibre, Wayfair, Newegg, eMag, Allegro, etc.

Currently, the first year of using Airwallex to receive and withdraw money is as low as 0 fees, and withdrawals can be received on the same day. Registration entrance: https://channel.airwallex.com/2022q1a?utm_source=a116F00000FNDtYQAX

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