Seataoo Dropshipping Business

26/07/2024

Announcement to All Sellers

Good day! We are pleased to inform you that our bank account has been successfully opened as of this morning. Our technical department is currently in the process of connecting with the bank's API to conduct necessary withdrawal tests (Standard procedure).

Upon the successful completion of these tests, we will proceed with batch withdrawals for all sellers. Additionally, we will be issuing a new disbursement plan/disbursement table to further streamline our payment processes. Rest assure that the company will make it up to you with regards to the delays, the disbursement department and the rest of the company is doing what they can to further service all the clients.

We appreciate your patience and understanding as we work to enhance our financial operations. Stay tuned for further updates!

Best regards,
Seataoo Team

22/07/2024

Community Announcement as of 8:24 PM Announcement: Disbursement Progress Update

Dear Sellers,
We would like to provide you with an update on the disbursement progress:
July 1: The disbursement for the first batch commenced.
July 12: We experienced a delay in disbursements as the HQ finance team is currently seeking a new bank to provide more efficient and streamlined disbursement services for both sellers and our finance department. HQ's given timeframe is 1-2 weeks
July 22: We have completed the submission of all required documents and successfully passed the bank’s review. According to our latest communication, the bank has agreed to collaborate with us and will arrange for the formal signing of the agreement in the coming days.
Once the agreement is signed, our partnership will be officially established. This will allow us to formally initiate all cooperative activities, including the use of funds and the advancement of specific projects.
We understand that many of you are expecting faster progress and regular updates. Please know that we are doing everything we can to gather details and expedite the process. We humbly ask for your patience and cooperation during this time.
Rest assured that we are committed to resolving these issues, and everything will be fixed in due course.

Thank you for your understanding.

22/07/2024

Community Announcement as of 7pm: Important Announcement: Beware of Scammers

Dear Sellers,
We want to alert you to the presence of scammers posing as Seataoo employees and offering assistance with the withdrawal of your funds. Please be aware that only our headquarters processes these disbursements. For any updates regarding your funds, please contact your respective account specialists directly.
Additionally, you can always check for official announcements and updates within this community for confirmation.
Thank you for your vigilance and cooperation.

Regards,
Seataoo Team

12/07/2024

07/07/2024

Dear Sellers,

We regret to inform you that the company is currently unable to issue bulk refunds due to certain limitations. At this time, the banks we typically use for transactions are temporarily closed. As a result, we are actively seeking an alternative banking institution to facilitate the deposits without incurring any potential penalties or legal complications.
Furthermore, please note that eWallet services do not undergo audits in our current framework. Banks, on the other hand, have extensive processing requirements and stringent regulations. The current disbursement rate is only 3 percent due to these complexities and the need for compliance with financial regulations. We are actively processing and will pay sellers who meet the requirements
We hope this explanation provides clarity on the situation. Thank you for your understanding and patience.

Sincerely,
New Seataoo Corp.

28/06/2024

Dear Seataoo Philippines Employees and Users,

I hope this message finds you well. It has been over two years since Seataoo entered the Philippines market, creating over 50,000 job opportunities and opening doors for many families. Our commitment to being the best e-commerce dropshipping platform has not only provided a platform for online sales but has also empowered individuals with knowledge on managing their online stores. This has allowed many to witness the benefits of the internet age, e-commerce, and the B2B era.

The decision to announce the closure of Seataoo in the Philippines has been a difficult one. I have received an outpouring of support and requests for restructuring from both employees and users. I am truly grateful for the unwavering support and assistance that everyone has shown towards Seataoo. The closure may impact thousands of individuals who rely on Seataoo for stable income, having improved their quality of life and enabled them to purchase things they once dreamt of.

I share the same sentiments as all of you - the sadness and difficulty of this situation. However, due to malicious complaints and the announcement of the SEC revocation order, we are facing unprecedented challenges. We are actively working to process refunds and payments to settle any outstanding dues.

I am eager to start afresh, but we must abide by the laws and regulations. We need your support to continue operating in the Philippines. I will continue to communicate with my team, and we are hopeful for a fresh start. I acknowledge the challenges ahead, but I am committed to overcoming them with your support.

Once again, I express my deepest gratitude for your support towards Seataoo.

Warm regards,
Dylan
Seataoo Team

22/06/2024

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21/06/2024

Get ready! Tomorrow is the last day of our Midyear Sale! Don't miss out on amazing discounts and unbeatable deals. Visit our flagship store for exclusive offers while they last!

https://seataoo.com/flash-sale-product/34/17
https://seataoo.com/flash-sale-product/30/17
https://seataoo.com/flash-sale-product/31/17
https://seataoo.com/flash-sale-product/33/17
https://seataoo.com/flash-sale-product/32/17
https://seataoo.com/flash-sale-product/13/17
https://seataoo.com/flash-sale-product/16/17
https://seataoo.com/flash-sale-product/21/17