Wildberries Makes Adjustments After FAS Warning: Opening an Account at "Wildberries Bank" Will Not Be Mandatory

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The company published a document stating that from June 30, 2025, registration of new sellers would be impossible without opening an account at "Wildberries Bank", and the work of entrepreneurs who had previously joined the marketplace would be discontinued, with access to their personal accounts restricted.

The FAS Russia considered that the planned behavior of Wildberries may contain signs of violation of the law on protection of competition and issued a warning to the platform. Wildberries considered the warning and adjusted the process of verifying new sellers, as well as the offer clauses regarding the registration of new sellers on the platform and the opening of accounts at "Wildberries Bank" for new partners.

Wildberries clarified:

The new process for verifying sellers registering on Wildberries will be carried out without opening a bank account. At the same time, in order to increase the level of security of interaction between Wildberries and platform sellers, a more thorough check will remain a requirement when registering new counterparties.

The verification will be carried out, including by "Wildberries Bank", since the bank has the resources for a more comprehensive assessment of counterparties, including for AML/CFT (anti-money laundering and countering the financing of terrorism). At the same time, opening bank accounts or providing any banking services as part of such verification is not expected.