Mercadolibre, one of the largest e-commerce platforms in Latin America, has opened four sites in Mexico, Brazil, Chile and Colombia to Chinese sellers. Among them, local stores and cross-border stores have become two options for Chinese sellers to open Mercadolibre accounts. Local stores are opened as locals, enjoying more exposure, traffic and ranking advantages; while cross-border stores are opened in the name of Chinese sellers, with higher flexibility and convenient management. However, local stores often face problems with payment collection and exchange, especially in Chile.
On the Chilean Mercadolibre platform, the proceeds obtained by sellers are usually stored in pago wallets and settled in the form of Chilean pesos. However, many payment companies cannot directly convert Chilean pesos into Chinese yuan, but need to convert them into US dollars before settlement, which will cause certain exchange losses. In addition, pago wallets in many regions do not support the function of third-party withdrawal, which has brought many troubles to the operation of local stores.
In order to optimize the payment collection process of Chinese sellers on the Chilean Mercadolibre platform, EasiPlus has opened up the payment channel of Chilean Mercadolibre and realized the function of direct settlement of Chilean pesos into Chinese yuan.
The specific process is as follows:
1. Consumers pay for goods with Chilean pesos and store the money in the Meikeduo Pago wallet in the overseas store.
2. Merchants can directly convert the Chilean pesos in the Pago wallet into US dollars through the Yipai account and automatically deposit them into the account.
3. Merchants can choose to withdraw US dollars or RMB to their designated public or private accounts.
In summary, Meikeduo’s local store third-party payment collection solution provides a convenient and efficient solution for Chinese sellers to operate on the Meikeduo platform. Sellers can avoid exchange rate losses, directly convert the revenue of the Chilean Meikeduo platform into RMB, and improve the speed and operability of payment collection. This provides Chinese sellers with an important competitive advantage in business expansion and competition in the Latin American market. For Chinese sellers who intend to enter the Meikeduo platform, it is crucial to understand and utilize Meikeduo’s local store third-party payment collection solution. Sellers can better manage and operate their own stores and achieve higher sales and payment collection efficiency.
With the further deepening of China-Latin America economic and trade cooperation, the development prospects of Chinese sellers on the Meikeduo platform will be broader. By making good use of Meikeduo’s local store third-party payment collection plan, sellers can give full play to their own advantages and realize greater business value. Chinese sellers will be able to achieve better results on the Meikeduo platform and open up a new pattern in the Latin American market.