In-depth understanding of Meike’s multi-platform fees: a comprehensive analysis from entry to operation

In overseas e-commerce, it is very important to choose a cooperative platform and understand various fees. For official overseas warehouse sellers, sales costs mainly include product cost, first-leg shipping, warehousing fees, overseas warehouse last-mile delivery fees, sales commissions, etc. This article will take an in-depth look at various fees on the Meikeduo platform, from entry fees to operating costs, to help sellers better plan their financial budgets.

Settlement fee

First of all, the Meikeduo platform provides free registration without paying any store opening fees or monthly fees [[2]]. This means that sellers can complete registration and start operating their store at zero cost. However, if you choose to settle through a third-party agency, you may need to pay a certain service fee, usually around 4500-5000. Although it requires additional expenses to enter through an agent, it can increase the success rate of entry.

Fee structure

1. Transaction commission and handling fee

The transaction commissions and handling fees of Meikeduo platform vary from site to site. The handling fee for the Mexican site is 17.5%, and 16% for other sites. In addition, 2% of the total amount must be paid as a handling fee for each transaction [[2]]. These fees are one of the costs that sellers need to consider in a transaction.

2. Exchange rate fee

During the withdrawal operation, since the settlement is in the local currency, if the seller chooses to convert the currency exchange rate into other currencies (such as Hong Kong dollars or RMB), exchange rate fees will be involved. Specifically, Meikeduo will conduct exchange rate conversion according to the Bank of China’s quoted price on that day and an additional 1% price difference [[2].

3. Warehousing fees and last-mile delivery fees

For sellers in the FBM (Fulfilled by Merchant) model, storage fees and last-mile delivery fees need to be considered. However, if you choose to store the goods in Meikeduo’s warehouse, you can not only reduce the storage cost, but also pay the corresponding last-mile delivery fee [[1]]. The Meikeduo platform charges according to the volume of each product and divides the products into large, medium and small items. The corresponding expense bill will be generated at the end of the month.

Long-term storage fees and pickup fees are also derivatives of storage fees. Long-term storage fees will start to be charged when the product stays in storage for more than 60 days, while the pickup fee is the fee that sellers need to pay when they need to take out products from storage.

4. Logistics costs

Logistics costs vary based on factors such as the weight, volume and delivery location of the product. In addition, Meikeduo platform rewards sellers whose stores have a good reputation and can receive up to 50% discount on delivery fees.

Operating costs

In addition to the above fees, sellers also need to consider advertising fees, inventory costs, marketing costs, etc. In order to increase product exposure and sales, sellers can choose to pay for advertising promotion. At the same time, regularly updating product lines to ensure timely replenishment of inventory is also an effective way to increase order volume.

Conclusion

The entry fee for the Meikeduo platform is relatively low, but during the operation process, sellers still need to pay close attention to purchase costs, operating expenses and other expenses to effectively control expenses. Only under the premise of reasonable control of expenses can sellers further increase profits and obtain greater benefits [[2]]. By having an in-depth understanding of the entry conditions and fees, sellers can better prepare and plan their e-commerce business strategies and further enhance their competitiveness and performance on the Meikeduo platform.