What is MercadoLibre? What are MercadoLibre's fees? What are MercadoLibre's shipping rates?

What is MercadoLibre?

MercadoLibre was founded in Uruguay in 1999. The company received $7.6 million in financing from investors including JP Morgan in its early days and was listed on the Nasdaq in 2007. It is the largest e-commerce ecosystem in Latin America, providing a wide range of services to sellers and buyers throughout the region, including marketplaces, payments, advertising and e-building solutions.

Currently, its e-commerce business covers 19 Latin American countries including Brazil, Argentina, Mexico, Chile, and Colombia, and its product categories include electronics, mobile phones and accessories, fashion apparel, home life, beauty and health, and toys. Its GMV exceeded US$9 billion in 2015. MercadoLibre is the seventh most visited retail website in the world, and its Mexican site has more than 80 million page views, making it the South American version of eBay.

What are MercadoLibre's fees?

For the Mexican site, the commission range is between 11.5% and 17.5%, depending on the unit price;

Example: The unit price is 6500USD, and the total commission received is as follows:

0-1000USD part, 17.5%, i.e. 1000*17.5%=175

For the 1000-5000 USD portion, 14.5% is charged, i.e. 4000*14.5%=580

For the 5000-6500 USD portion, 11.5% is charged, i.e. 1500*11.5%=172.5

Total: 175+580+172.5=927.5USD

At present, the unit price of most of the goods sold by Chinese sellers is within 1,000 USD, so the commission is 17.5%.

Other sites currently charge a uniform fee of 16%

What are MercadoLibre's shipping rates?

For products weighing less than 8Kg, the seller will charge the shipping fee. The shipping fee varies with the weight. Products weighing more than 8Kg are free of charge for US Postal Service.

The freight rate for goods under 8Kg is calculated as follows: For green, light green or unclassified customers, the discounts will vary depending on the unit price of the product:

Sellers can refer to this website: http://help-cbt.mercadolibre.com/free-shipping-costs

1. US$20 or less: no discount

2. Products priced between US$20 and US$50: 30% discount

3. Product price higher than US$50: 40% discount

The above is the information about MercadoLibre. If you want to get more knowledge about MercadoLibre, please continue to pay attention!