Market guide · Latin America
Selling in Mexico
Many Mexican shoppers are unbanked or prefer cash, so OXXO vouchers and SPEI transfers sit next to cards. Interest-free monthly instalments on credit cards, known as meses sin intereses, lift basket sizes.
| Currency | Mexican peso (MXN) |
|---|---|
| Languages | Spanish |
| Region | Latin America |
| Local acquiring | Available |
| Settlement | T+2 |
| Payout rail | SPEI · Seconds, 24/7 |
| Import consumption tax | VAT (IVA) · 16% |
Popular payment methods
Share of online payments by method. Illustrative figures.
| Visa, Mastercard, Amex | 45% (45% of online payments) |
|---|---|
| SPEI | 14% (14% of online payments) |
| OXXO | 14% (14% of online payments) |
| Mercado Pago | 12% (12% of online payments) |
| PayPal | 6% (6% of online payments) |
How to launch in Mexico
- 1Open a sandbox accountTest every flow for Mexico with test cards and methods before you sign anything.
- 2Turn on local methodsStart with SPEI, OXXO, Mercado Pago, PayPal.
- 3Process domesticallyDomestic processing in Mexico avoids cross-border fees and lifts approval rates.
- 4Settle in MXNHold MXN and convert when you choose, or pay out locally.
- 5Show duty-inclusive pricesQuote VAT (IVA) and duties at checkout so nothing is due on delivery.
- 6Go liveVerify your business, switch your keys and watch the first orders arrive.
Duties and import tax
VAT (IVA) at 16% applies to most imported goods.
Thresholds: Simplified courier regime for low-value parcels with flat duty rates
Estimate landed cost for an orderRegulatory notes
- Foreign digital platforms selling to Mexican consumers may need to register with the tax authority and collect VAT.
- Instalment programmes on credit cards depend on agreements with local issuing banks.
Placeholder notes for the prototype, not legal advice.
Customer story nearby
Basalt Marketplace
Marketplaces
T+1
seller payouts on local rails · Illustrative
Sellers in Brazil and Mexico get paid in their own currency the next day. Onboarding takes minutes.
Lucas Ferreira, Co-founder & CTO Read the story: Basalt Marketplace
Launch in Mexico
Try the Mexico flow in the sandbox, or talk to us about your rollout.