Mercado is the largest e-commerce platform in Latin America, which covers 18 countries in Latin America, occupying the main market in Latin America, with monthly visits reaching 680 million in 2022, which is the third most visited e-commerce platform in the world, and is also known as the "Latin American Amazon" Previously, Mercado was open to Chinese sellers at the following sites: Mexico, Brazil, Chile and Colombia.
Currently, the Chinese headquarters of Mercado has closed the investment of cross-border stores, so if you want to do the market, you can only choose the local stores.
What is a Mercado local store?
Taking the Mexican market as an example, a local store refers to a company account registered by a local person in the country of Mexico. Open store individuals and companies are Mexico local, but behind the actual operator may also be Chinese. Currently on the market there are two kinds of local company way:Chinese people to open a Mexican office, the information needs to be The Hague or double certification, the need for a Mexican to do people. Directly looking for Mexicans to register a local company.
Advantages of registering with Mercado Native?
① The overall weight of the Merkur multi-platform is in favor of local stores, with stronger traffic and security, and a lower rate of sealing, which is less risky.
② There are fewer restrictions on product categories in local stores, and Mektor has no requirements or restrictions on product sizes for local accounts.
③Local stores can independently operate the background products on the shelves, delivery, participation in various promotional activities on the platform and other behaviors, without the need to apply to the Merchants Manager.
④The backstage page of the local store comes with a collection and return service, and returned products can be re-sold after being inspected and undamaged.
⑤ Local stores have a shorter remittance cycle and return funds 48 hours after the parcel is signed for, making the use of funds more efficient.
How do you open a Mercado local store?
-Requires local incorporation in Mexico
-Owns advanced electronic signatures for legal entities
-Need to apply for an RFC tax ID number
Local sellers need to upload their RFC tax ID number and need to make regular tax compliance filings during the actual operation.
What are the upfront cost inputs for a local store?
-Mexico Company Registration + RFC Tax File + Business Shop Registration
-Monthly bookkeeping and tax filing + maintenance of legal entities + local return address hanging in Mexico
-Local stores need local warehouses for one-piece delivery during the pre-operation of local stores
-US/Mexico network environment IP
-Mexico local phone card (recommended after the store has had some sales)
What are the local store shipping options?
Mektor local seller store out of the order, the initial need to use the local third-party overseas warehouse for one piece, when the store reaches a certain sales volume, you can open the FULL, you can create the goods, the goods will be sent to the platform FULL warehouse, the FULL warehouse on the order for automatic processing.
How do local stores collect their money?
Mektor covers a variety of collection methods, sellers only need to bind the collection account of USD bank account/payment platform in the backend.
