Tutorial on opening a store on Mercadolibre

Tutorial on opening a store on Mercadolibre

Entry conditions

A corporate entity (limited company) registered in Mainland China or Hong Kong, China

More than 100 product SKUs

The average order value is more than 15 USD, 20-40 USD is the best

Existing online stores with monthly sales of more than 100,000 US dollars

Able to accept the platform's operating rules and assessment standards (such as delivery time)

Brands and sellers who specialize in vertical categories are given priority

Sellers with experience in operating cross-border e-commerce platforms, such as AliExpress, Amazon, eBay, Cdiscount, etc. Sellers with experience in FBA operations are preferred

Sellers with US or South American local brands and online brand flagship stores are preferred

Apply for free to open a store on Mercado Libre

Determine whether you meet the platform's requirements for opening a store

Go to the official website of WorldFirst and find the global voyage plan:

Find Mercado Libre, click on the free registration button and fill in the store opening information accurately.

After submitting your information, we will complete the initial review and submit your application to the platform every Friday. If the materials are incomplete or incorrect, you will not be able to enter the subsequent stage. Mercado Libre's review cycle is about 5 to 7 working days. The review covers product evaluation, qualification review, application materials validity and completion degree.

After Mercado Libre passes the review, you will receive a phone call and an invitation email. If you fail the review, you will not receive an email notification for the time being.

Introduction to WorldFirst

Since its establishment in London, UK in 2004, WorldFirst has been committed to providing better payment services to SMEs around the world. So far, it has processed more than 85 billion pounds of fund transactions for 650,000 customers worldwide (data as of March 31, 2021). In 2019, it joined Ant Group as one of its important components. WorldFirst will continue to work with domestic licensed institutions to provide faster, more convenient, safer and more affordable cross-border payment services to cross-border e-commerce sellers and SMEs.

WorldFirst Advantages

Super savings, with a capped rate of 0.3%, and exclusive discounts for major customers, with the lowest rate being 0. Benchmarked with the exchange rate of Bank of China, no exchange loss.

·Super fast, bank card and Alipay withdrawals can be received within 1 minute at the fastest.

Super stable, a brand under Ant Group, with comprehensive technology protection, cooperating with top global banks and strictly abiding by industry standards.

·Super comprehensive, supporting more than 70 e-commerce platforms and payment gateways such as Amazon, eBay, Lazada, Wayfair, etc., and supporting the world's 10 major currencies.

Super easy, the Alipay mini program supports account registration, balance inquiry, real-time exchange rate check, and fund withdrawal.

Official website link (click here)

Tutorial on how to bind Mercadolibre to Wanlihui payment

Step 1: Log in to the Meikeduo backend

Step 2: Open the function bar on the left: find settings→Selling preferences

Step 3: Choose to receive payment via bank account

Step 4: Fill in your bank account information