1st Formations eSeller Review: Is the eSeller Package Worth It?

Last Updated on 1 month by Komolafe Bamidele

Starting an eCommerce business or dropshipping store in the UK? Whether you’re a UK resident or a non-resident, registering a company is essential for accessing Shopify payments, Stripe, and UK business banking. 

1st Formations eSeller package claims to simplify this process, but is it truly worth the investment? This in-depth 1st Formations eSeller review explores its features, benefits, and value for money.

Why Do You Need the eSeller Package?

For UK Residents

Many UK residents wonder whether they really need a company formation package like eSeller when they can technically set up a business themselves. 

While it is true that UK residents can register a company on their own, opting for a Limited Company (Ltd.) formation has several major advantages.

• Legal Protection: By registering as a Limited Company, your personal assets are protected from business liabilities. This means that in the event of financial difficulties or legal disputes, your personal wealth remains safe.
• Access to Financial Services: UK-based businesses that are properly registered can access better financial services such as Stripe, PayPal, and Shopify Payments, which often require a business registration for approval.
• Enhanced Credibility: Customers and suppliers are more likely to trust a legally registered company, boosting your professional image and making it easier to secure deals.
• Tax Benefits: A Limited Company can provide tax efficiencies through dividend payments and other tax-saving strategies.

With the 1st Formations eSeller Package, all these benefits come with an easy setup process that removes the hassle of paperwork and compliance.

For Non-UK Residents

If you are a non-UK resident and want to sell to UK customers through Shopify, Amazon, or eBay, registering a UK company is mandatory to access essential business tools. Without a UK company, you may face issues such as:

• Restricted Payment Gateways: Shopify Payments and Stripe often require a UK-based entity to process transactions.
• Limited Banking Options: To withdraw money, a UK business account is essential. 1st Formations offers referrals to Payoneer, Wise, and WorldFirst, ensuring smooth financial transactions.
• Higher Risk of Payment Holds: Unregistered international businesses often face fund holds and account suspensions on platforms like PayPal and Stripe.

Instead of dealing with the complexities of registering a UK company yourself, let 1st Formations handle everything for you!

Get started with 1st Formations eSeller Package here

What is Dropshipping?

Dropshipping is a business model where online store owners sell products without holding any inventory. Instead, they act as middlemen between customers and suppliers, meaning products are only purchased and shipped once an order is placed. 

This makes dropshipping a low-risk, high-reward model for entrepreneurs looking to start an eCommerce business with minimal upfront costs.

Is Dropshipping Legal in the UK?

Yes, dropshipping is 100% legal in the UK. However, it is essential to ensure compliance with consumer protection laws, data privacy regulations, and proper business registration to avoid potential legal issues.

Is Dropshipping Still Profitable in the UK?

Despite increasing competition, dropshipping remains profitable if approached with the right strategy. Some key factors that determine success include:

• Choosing the right niche: Selling unique or trending products increases profitability.
• Optimizing marketing efforts: Running Facebook Ads, Google Ads, and influencer campaigns can help attract buyers.
• Providing excellent customer service: A strong brand reputation leads to repeat customers and long-term success.

The UK eCommerce market continues to grow, making it an excellent opportunity for aspiring entrepreneurs.

What’s Inside the eSeller Package?

The 1st Formations eSeller package is designed specifically for eCommerce entrepreneurs and dropshippers, ensuring they have everything needed to legally operate a UK-based online business.

Key Features of the eSeller Package

1. Limited Company Formation

• Your company will be registered within 24-48 hours.
• Includes Companies House £50 filing fee (no hidden charges).
• You will receive an email copy of your Certificate of Incorporation, Share Certificates, and Memorandum & Articles, which serve as legal proof of your business registration.

2. Business Banking & Payment Gateways

• WorldFirst UK & International Business Banking referral allows seamless international transactions.
• Wise & Payoneer options for non-UK residents ensure easy fund withdrawals.
• Stripe & Shopify Payments integration is made possible with a registered UK business.

3. Address Services (For 12 Months)

• London Registered Office Address: Used for official government correspondence, preventing your home address from being public.
• London Service Address: Protects your privacy by serving as your official service address.
• London Business Address: Ideal for general correspondence and international mail forwarding.

4. Shopify & eCommerce Perks

• Shopify – Free 3-day trial + 3 months for £1/month (exclusive deal via 1st Formations).
• Free .com or .co.uk domain name for 1 year.
• Exclusive access to Shopify’s dropshipping community and Facebook group.

5. Business Essentials & Legal Compliance

• Filing of First Confirmation Statement: Required by Companies House to maintain compliance.
• Online Company Manager: Allows you to manage your company details online without hassle.
• VAT Registration Assistance: Needed if your revenue surpasses £86,000 per year.

6. Business Communication & Support

• Free 1-month telephone answering service: Gives your business a professional touch.
• Free 1-month managed live chat service: Ensures customer queries are handled efficiently.
• Ultimate Guide to Starting Your Business (eBook): A valuable resource for new entrepreneurs.

Grab your eSeller package today and start your UK-based dropshipping business

Comparing 1st Formations eSeller Package with Competitors

When choosing a company formation service, it is essential to compare it with other available options to determine if you are getting the best deal. Several company formation services exist in the UK, but not all offer the same level of support and benefits as 1st Formations.

1st Formations vs. Companies House

While it is possible to register a company directly through Companies House for just £50, this process lacks additional support services such as business banking referrals, a registered business address, and VAT registration assistance.

 With 1st Formations eSeller Package, you get an all-inclusive solution that takes care of everything from legal paperwork to banking setup, making it a hassle-free experience.

1st Formations vs. Rapid Formations

Rapid Formations is another competitor that offers similar packages. However, their eCommerce-focused package lacks some of the benefits provided by 1st Formations, such as Shopify’s exclusive 3-month deal for £1, as well as managed live chat and telephone answering services. Additionally, 1st Formations has better customer support ratings.

1st Formations vs. The Formations Company

While The Formations Company provides essential registration services, it does not include as many perks tailored for eCommerce businesses. Entrepreneurs who want seamless integration with Shopify, Stripe, and UK banking solutions will find the eSeller Package more valuable.

Ultimately, 1st Formations offers the best value for those looking to start an online business or dropshipping venture.

Check out the eSeller Package here!

How to Get Started with 1st Formations eSeller Package

Setting up your company with 1st Formations is quick and straightforward. Follow these steps to register your business and start selling online:

Step 1: Choose a Company Name

Your company name should be unique and align with your business branding. 1st Formations provides a company name checker to ensure your chosen name is available.

Step 2: Select the eSeller Package

Navigate to the eSeller Package on the 1st Formations website and proceed to checkout.

Step 3: Fill in Company Details

You’ll need to provide basic information, including:

• Director and shareholder details
• Business category (dropshipping, eCommerce, etc.)
• Preferred company address (you can use the provided London address for privacy)

Step 4: Complete the Checkout Process

Once you enter all necessary details, complete your payment, and submit your application.

Step 5: Receive Your Business Documents

Within 24-48 hours, you’ll receive your Certificate of Incorporation, Share Certificates, and Memorandum & Articles of Association via email.

Step 6: Set Up Your Payment Gateway and Banking

After registration, use the provided referrals to set up your Stripe, Shopify Payments, or Payoneer business account.

Eligible Countries for Registration

1st Formations supports company formation for customers in most countries worldwide. However, some restrictions apply.

 Here’s a list of eligible countries:

• Europe: France, Germany, Spain, Italy, Netherlands, Sweden, Norway, etc.
• North America: United States, Canada
• Asia: India, China, Japan, UAE, Pakistan, Malaysia, etc.
• Africa: South Africa, Nigeria, Kenya, Egypt
• Australia & New Zealand

If your country is not listed, check directly with 1st Formations to confirm eligibility.

Conclusion

After analyzing the features, benefits, and competitor comparisons, 1st Formations eSeller Package is undoubtedly one of the best solutions for dropshipping and eCommerce entrepreneurs.

 The all-in-one package provides everything from company registration to banking, Shopify perks, and compliance services.

Pros:

 ✅ Quick and easy company registration (24-48 hours)
✅ Exclusive Shopify & Stripe integrations
✅ Professional London business address
✅ VAT registration and business banking support
✅ Free live chat and telephone answering services
✅ Affordable pricing with no hidden costs

Cons:

❌ Limited availability for restricted countries
❌ Renewal fees apply for address services after 12 months

🚀 If you’re serious about launching your UK eCommerce business, the 1st Formations eSeller Package is a no-brainer!

Sign up now and start your business today!