Wednesday, November 13

Now you can send remittances with Mercado Libre from the United States to Mexico


With Mercado Pago, the Fintech business rides on the wave of a hot streak of Mexican migrants to send remittances from the United States

Ahora podrás enviar remesas con Mercado Libre desde Estados Unidos a México
Mexicans will send remittances through Mercado Libre.

Photo: MARVIN RECINOS / AFP via Getty Images) / AFP / Getty Images

Alexandra Liendo

Mercado Libre now offers a space to Mexicans who wish to send their remittances from the United States through the Mercado Pago service of this online buying and selling platform.

Now Free Market has expressed that he wishes to remain not only in the ecommerce market in Mexico, but that wants to continue growing by sending remittances. Therefore, it has announced that migrants Mexicans who are in the United States can send money to their relatives and that will have a limit of up to 4, 999 dollars without commission to the beneficiary.

The 2021 is a year in which the world expect an increase in remittances from United States. With respect to Mexico, according to BBVA, this year remittances could grow 7.0% and reach 43, 450 millions of dollars.

According to that report from BBVA, economic conditions for Mexicans working in the United States could improve this 2021 , consequence of a recovery in domestic economic activity. All this influenced by events such as: the reduction in the unemployment rate, the almost complete implementation of vaccination, and the economic stimulus package.

Statistics indicate that Mexican migrant migrants, regardless of being classified as second and third citizens, are within the group of Hispanics who probably have had a job recovery faster than the national average.

There are two ways to obtain the money from a remittance, that the sender sends you through a telephone number or that the beneficiary requests payment through an email. You can use both ways as long as you have the Mercado Pago application on your mobile phone l.

How to send money through Mercado Libre

  • The first thing you should do is download the Mercado Pago application on the mobile phone.
  • To make the shipment, you are going to give the option to “send money”.
  • It will ask you to select the contact from your agenda to which you want to transfer the money.
  • You’ll enter the amount and the shipping reason.
  • You choose the payment method (depending on what you have affiliated with your Mercado Libre account).

  • In the shipping service there are Commission charges depending on the method of payment: With debit or money in Mercado Pago there is no cost, but if you pay with a credit card, you will have a charge of 4. 05% commission.
  • How to receive money through Mercado Libre

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