Compliance

What to do when my account is blocked?

As soon as your account is blocked and you have exceeded the sales threshold, you must create a new account. You can choose to create another personal account, but it will also be capped at 2,000 sal…

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Why compliance ?

At Wethenew, we aim to support all our partner sellers in complying with the new European regulations regarding income transparency on resale platforms. These regulations apply to your resale activit…

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How do I create my pro account?

Step 1: Go to our registration page to provide your initial essential information. Step 2: Now choose the type of account you want to create: Personal Account : If you choose this option, you will ha…

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How do I choose my professional status? (VAT scheme)

This document is an outline of which business status to choose, taking into account the different tax options linked to VAT regimes. You can determine which one is best suited to your business activi…

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What happens to my open sales and deposits when my account is blocked?

Rest assured about your current transactions and your products on Consignment, even if your account is blocked, we ensure the continuity of these operations. So you can send your pairs as usual, they…

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Once my pro account has been created, is it possible to migrate the data from my old account?

Regarding data migrations, there are several scenarios depending on your status: Old private account → New pro account: data migration possible Old pro account → New pro account: data migration possi…

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What should I do if I have already exceeded or if I am about to exceed this threshold?

If you have already surpassed or are on the verge of surpassing this threshold, we recommend you take the necessary measures to ensure conformity with the new regulations. We advise you to register a…

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Can you explain what those new rules in effect?

A person who generates more than €2000 or engages in more than 30 transactions per year will be required to register as a professional seller in order to continue their activity in compliance with th…

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Is this threshold of €2,000 retroactive?

Is it calculated based on profit margin or revenue? Does this regulation also apply to consignment? This threshold of €2,000 is calculated within the same calendar year, taking into account the total…

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