Tmall global released new measures for business services: the deposit can be used, and the settlement speed can be increased to 15 days

On July 29, tmall global released three new measures for business services, including the availability of business deposit, the opening of fast entry channel for new businesses and the establishment of business entry service center. The first time that the merchant deposit can be used is to alleviate the shortage of working capital of cross-border merchants. Tmall global announced that during the period from August 1 to November 15, open platform merchants applied for temporary payment deposit with a maximum amount of 50%, which can be used for marketing, logistics and other expenses after release. In order to facilitate the rapid entry of businesses, tmall global has opened a fast entry channel and set up an exclusive business entry service center. New businesses can enter the green channel of qualification review. The exclusive sophomore will complete the review within 1 working day, and some qualifications can be supplemented within the extended specified time. The time limit for entering and opening a store is shortened from 30 days to 15 days. At the same time, the new merchants' exclusive service center not only provides 1-to-1 shop opening guidance for cross-border business experts, but also answers the merchants' questions about entry, qualification, payment, logistics, goods preparation and so on through exclusive live courses and online publicity. The relevant person in charge of tmall Global Commodity Center said that since August, cross-border merchants have entered the preparatory state of double 11, new merchants have accelerated their entry, and the preparation of goods from overseas to domestic bonded warehouses has been started one after another. The official said that as long as the merchant's credit and business conditions meet the conditions, half of the deposit can be advanced, which is equivalent to providing the merchant with a working capital with no interest and a cycle of more than 100 days.