Nowadays, cross-border e-commerce platforms continue to emerge, among which Mercado Libre is also a good cross-border e-commerce platform. However, the entry requirements and fees of each platform are different. For many seller friends, it is inevitable to care about the entry fees of the Mercado Libre platform. Let’s learn about it together today!
First of all, the registration of Mercado Libre is completely free, and there is no platform monthly rent in the store operation. You can register and operate without paying any fees.
However, if you choose to settle in through a third-party agency, you may need to pay a certain fee, generally around 4500-5000, depending on the service provider’s charging standards. Compared with self-registration, this method may be easier to successfully settle in.
The opening fee of Mercado Libre mainly includes transaction commission, handling fee and exchange rate fee.
1. Transaction commission and handling fee: The current handling fee for the Mexican site is 17.5%, and the other sites are 16%. In addition, 2% of the total transaction amount will be charged as a handling fee.
2. Exchange rate fee: For cash withdrawal, since the settlement is in local currency, if the seller wants to withdraw cash, the exchange rate will be converted into Hong Kong dollars or RMB according to the Bank of China’s exchange rate on that day plus 1% of the difference.
For FBM (Fulfilled by Merchant) sellers, storage fees and last-mile delivery fees are also required. However, if you choose to store the goods in Mercado Libre’s warehouse, you can save storage costs and need to pay a certain last-mile delivery fee.
In general, Mercado Libre’s store opening costs are relatively low. However, the fees are not low, and sellers also need to control their own purchase costs, operating costs, etc., in order to better save costs, increase profits, and make more profits for themselves. For sellers who hope to succeed on the Mercado Libre platform, it is crucial to reasonably control costs.