Friday, May 17, 2013

5 pieces of advice to those selling internationally from Mexico

Edit: For the Spanish version, see: / Para la versión español, véase: http://tkd117.blogspot.com/2013/05/5-consejos-los-que-vendan-desde.html

Over the past several months, I've had the pleasure of dealing with several honest, nice people, including masked luchadors, from Mexico. The transactions have worked out well, but there are  logistical details that have had to be worked out each time. Based on this, I've devised a list of things that Mexican sellers can do to help those of us abroad who want to buy things from them.
 
I realize that this post is in the wrong language for its primary intended purpose; I intend to translate it to Spanish at some point, but it's still much easier for me to hash out my own thoughts in English. In the meantime, hopefully it at least gives some perspective to buyers in terms of things to think about. (And maybe some bilingual people in Mexico will find it useful until I can translate it.)

  1. ACCEPT PAYPAL. In Mexico, it is common to pay by direct bank deposit, but this is a pain to do internationally, for reasons I'll outline in more detail in a moment, and is seen as very insecure in other cultures. PayPal does take a few percent of international sales, but, if you want to sell internationally, it's probably worth having an account, even if seldom needed, because many people will absolutely refuse to pay by direct deposit or wire transfer. Also, you will only have to reveal an email address and full name, not all of your bank details.
  2. Give your prices in pesos. Somewhat amusingly to me, many people will quote me prices in US dollars, I assume because they know that I'm from the US and they think that this is easier. It's actually not. Different services will give different exchange rates, and most of the time they're noticeably lower than what published exchange rates say, so either the buyer has to do the math anyway to make a fair payment, or you're going to have to accept a variable net payment based on not only fluctuations in the true exchange rates, but also the rates that the different services give. If you give your price in pesos, international buyers should be able to target that amount directly.

    (By the way, it's roughly 12 pesos = $1 these days, not 10 pesos = $1.)
  3. If you really want to paid by direct deposit, know your CLABE. CLABE is a standardized 18-digit cross-bank number that works for transfers throughout Mexico, and many services require the CLABE for international transfers inbound into Mexico. If you don't know this, call your bank, or possibly check your bank account online. Most international buyers cannot make a transfer based on a 16-digit debit card number.
  4. Be aware that international direct deposits require lots of personal details. At least for transfers from the US, we need to know the recipient's full legal name, address, and phone number. It is insufficient to know the name alone. If you are uncomfortable giving this information, you'll have to make a different arrangement -- possibly money pickup somewhere. Much more preferably, see item #1.
  5. If you are a masked luchador, get someone trustworthy to help you. Believe it or not, there are gringos who want to buy cool stuff from you but do want to respect your privacy. I don't want to know your name, even if you're willing to reveal it. (Note that PayPal reveals the name of the payee to anyone who makes a payment.) Get someone trustworthy -- an unmasked family member or a close friend -- to help you accept payments.

1 comment:

  1. This is a wonderful and and absolutely must read post. Not only is it informative in terms of logistics but also warns masked luchadors about how fans care about keeping the secrecy of their identity. Thank you for taking the time to put in writing and share your experience!

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