Issued by:Latam Cross Border Service

In recent years, with the continuous rise of ETI in Latin American countries, the construction of their business environment has been accelerated.More and more Chinese sellers are looking to the Mexican market. As the second most populous country in Latin America, Mexico has a population of more than 130 million. Although it is not comparable to Brazil, it is the largest e-commerce market in Latin America. At present, it has become a cross-border blue ocean for many Chinese sellers.However, due to the Amazon e-commerce platform itself, many sellers have to pay some additional taxes because of Amazon Mexico FBM warehousing policy, and the emergence of Mercado Libre just solves this problem.Therefore, it has attracted many sellers to settle in Mercado Libre. How much benefit can Mercado Libre bring to sellers?Next, let's discuss it with Xiaobian.

 

Founded in 1999, Mercado Libre is a leading e-commerce technology company in Latin America. It has been deeply engaged in the Latin American market for 21 years. So far, its position in Latin America is like a treasure in China.With more than 200 million registered users, about half of the population of Latin America, it is also the largest and fastest-growing e-commerce platform in Latin America. It has great development potential, which is of great benefit to sellers who want to be Mercado Libre in Mexico, such as:

 

1.FBM warehousing expenses: this platform can provide Mexican sellers with free FBM warehousing without any warehousing and management expenses, and can deliver goods freely, saving some warehousing taxes for Amazon Mexican sellers.

 

2.Logistics and distribution expenses: the final delivery time of Mercado Libre overseas warehouse is very fast. Generally, it can be delivered to the buyer within 3 days.Moreover, the freight is calculated according to the seller's store reputation, product weight and selling price. If it is a new seller, it is about 18-30rmb.The better the reputation of the store in the later stage, the lower the freight will be.

 

3.Value added tax: sellers who have settled in Mercado Libre do not have to pay Mexican value-added tax, that is, settling in this platform can help sellers save about 20% of tax.

 

4.Store promotion: Mercado Libre's KPI assessment platform for sellers is called store reputation. Generally, the higher the store reputation, the higher the seller's product exposure. At the same time, if the buyer sees a store with good reputation, it will also have a sense of trust in the store.

 

5.Publicity and drainage: Sellers familiar with Mercado Libre know that Mercado Libre will publicize products according to the listing with better operation of the seller, and the platform will give certain traffic support, which greatly reduces the seller's energy and cost.

 

However, it should be noted that although the FBM warehousing of the platform does not require the seller to pay any fees, it will also deduct part of the overseas warehouse, your final delivery fee and product commission, and deduct different commissions according to different products sold by Mexican sellers, about 17% - 19%.

 

Therefore, sellers who want to do business in Mexico for a long time can seize the time to settle in Mercado Libre and enjoy preferential tax policies one day earlier.

 

Well, that's all for today. If you want more information, please leave a message and consult Latin American cross-border services.