Does Meikeduo’s turnover have to be your own? This is a question that many people often wonder in the process of exploring cross-border e-commerce platforms. As one of the world’s well-known cross-border platforms, Meikeduo has continued to develop strongly in recent years. Many merchants have chosen to open stores on Meikeduo, but they have encountered turnover problems after settling in. So, what should I do if Meikeduo has no turnover? Let’s discuss it in depth.
1. What should I do if Meikeduo has no turnover?
For the first time to settle in Meikeduo, some merchants may encounter a situation where the turnover after settlement is not as expected. However, this does not mean that there is no solution. The platform does not clearly stipulate that settled merchants must have a certain turnover, so merchants can seek some ways to solve this problem. First, merchants can seek help from friends and borrow the turnover from their friends’ stores for display, which is a common strategy. Secondly, merchants can also consider purchasing turnover from other stores, as long as these turnovers have not been used on the platform, it is an effective solution. Therefore, although there is no turnover when they first settle in, merchants still have the opportunity to successfully settle in Meikeduo.
2. What is the settlement fee?
Registration on the Meikeduo platform is free, and merchants can register and open stores completely free of charge. In addition, the platform will not charge any monthly rental fees, providing merchants with considerable flexibility.
However, if merchants choose to settle in through a third-party agency, they will need to pay a certain fee. Generally speaking, the cost of agency settlement is about 4,500-5,000 yuan, and the specific amount depends on the service provider’s charging standards. Compared with self-registration, it may be easier to succeed through agency settlement.
3. Store opening fees and rate description
In addition to the settlement fees, merchants also need to understand Meikeduo’s store opening fees and related rates. The first is the transaction commission and handling fee. In the Mexican site, the platform charges a handling fee of 17.5%, while other sites charge 16%. In addition, an additional 2% handling fee will be charged for each transaction.
The second is the exchange rate fee. Since the settlement currency is based on the local currency, merchants will be affected by the exchange rate when withdrawing cash. Based on the exchange rate on the day of payment and the Bank of China’s exchange rate, the exchange rate fee will be added with a 1% difference. It should be noted that when sellers choose to store goods in Meikeduo warehouses, they may need to pay for the last-mile delivery fee, but this can also save certain expenses in logistics.
Summary: As a world-renowned cross-border e-commerce platform, Meikeduo provides merchants with broad development opportunities. Although merchants may face the problem of insufficient cash flow when they first enter the market, they don’t have to worry too much. Merchants can overcome this problem by borrowing the cash flow of friends’ stores or purchasing other stores. At the same time, the platform’s free registration and relatively transparent fee structure create more operating space for merchants. In the process of opening a store, understanding and rationally utilizing various fee rules will help merchants achieve better results on the Meikeduo platform. Whether it is self-registration or agency settlement, Meikeduo provides merchants with a prosperous stage, making the road to cross-border e-commerce better.