Nowadays, cross-border e-commerce platforms emerge in endlessly, among which Mercado Libre is also a good cross-border e-commerce platform. The entry requirements and fees of each platform are different, so many seller friends are particularly concerned about the cost of entering the Mercado Libre platform. Now let us understand it together.
First of all, the registration of Mercado Libre is completely free, and no monthly rent is charged for store operation, which realizes free registration and operation. However, if you choose to find a third-party agency to enter the agency, you usually need to pay a certain fee, about 4500-5000, depending on the service provider’s charging standards. Compared with self-registration, agent entry is relatively easier to succeed.
The cost of opening a store on Mercado Libre mainly includes transaction commission, handling fee and exchange rate fee. At present, the handling fee for the Mexican site is 17.5%, and that for other sites is 16%; in addition, 2% of the total transaction amount will be charged as a handling fee. During the withdrawal process, because the settlement is done in local currency, if the seller chooses to withdraw the currency, it will be converted into Hong Kong dollars or RMB according to the exchange rate of the day, and calculated according to the Bank of China rate on the day plus a 1% difference.
If the FBM (Fulfilled by Merchant) method is adopted, the seller also needs to pay storage fees and last-mile delivery fees. For sellers who choose to store goods in the Meikeduo warehouse, there is no need to pay storage fees, but they need to pay a certain last-mile delivery fee, which also saves sellers some logistics costs.
Overall, the cost of opening a store on the Meikeduo platform is relatively low, but the cost is not low. In order to better control costs and increase profits, sellers need to carefully manage purchase costs and operating costs to achieve more profits. Understanding the cost of opening a store will help sellers make wise business decisions and make their business flourish.