If you’re a Mexican entrepreneur looking to sell online, there’s no shortage of platforms to choose from. But one name consistently rises to the top: Shopify. With its all-in-one setup, global reach, and ability to scale, Shopify has become a leading choice for small businesses, dropshippers, and high-risk merchants in Mexico.
But there’s a catch—setting up your store is only half the equation. Getting paid reliably, in your preferred currency, and through local payment methods is the real challenge. That’s where Bankful steps in.
prefer to pay using cash-based methods like OXXO
have an international credit card
processed in 2023 alone
Why Mexican merchants choose Shopify
1. Easy e-Commerce setup
Shopify removes technical barriers. You don’t need a developer to launch your store—just choose a theme, upload your products, and go live. This is huge for first-time merchants or those transitioning from marketplaces.
2. Built for global sales
Shopify supports multiple currencies and international shipping out of the box, making it easier for Mexican businesses to sell into the U.S., Latin America, and beyond.
3. Perfect for dropshipping
Dropshipping is booming in Mexico, and Shopify integrates seamlessly with global dropshipping platforms. Many Mexican entrepreneurs are using Shopify to sell trending products sourced from other countries—without managing inventory.
4. Scalability with smart tools
Whether you’re running a side hustle or scaling into a full-fledged brand, Shopify grows with you. You get access to marketing automation, analytics, social integrations, and third-party apps that make scaling simpler.
But payments are where most merchants struggle
Here’s the truth: many payment platforms don’t support high-risk categories like CBD, supplements, adult, or digital products—industries where many Mexican merchants operate. And if they do, it often comes with delayed payouts, blocked accounts, or sky-high fees.
Bankful changes that.
A high-risk merchant account is a payment processing account for businesses in industries prone to chargebacks, fraud, or regulatory scrutiny like CBD, supplements, or adult content. These accounts typically come with higher fees but offer the tools and support needed to process payments securely.
How Bankful supports Shopify merchants in Mexico
1. High-risk merchants approved
We understand the local landscape and work with high-risk categories that most processors turn away. You get a reliable solution that helps you stay online and stay compliant.
2. Local payment methods = more sales
Customers in Mexico trust OXXO, SPEI, and local cards. With Bankful, your Shopify store can offer all of these—making checkout easy and boosting conversion.
3. Settle in MXN or USD
Whether you’re buying from U.S. suppliers or selling locally, you choose how you get paid. Bankful helps you settle in Mexican pesos or U.S. dollars, reducing currency risk and improving cash flow.
4. Recurring billing & subscriptions
Looking to build a subscription box or recurring coaching model? Bankful supports flexible recurring billing, right inside your Shopify store.
5. Fraud protection built for LATAM
Chargebacks and fraud are a real concern in Latin America. Our built-in fraud tools help you detect and stop risky transactions, keeping your business protected.
What about U.S. merchants selling into Mexico?
This isn’t just a local opportunity. U.S. merchants also need smarter FX tools to do business in Mexico. Whether you’re selling into Mexico via Shopify, sourcing products from Mexican suppliers, or paying contractors, Bankful (via PayAmigo) helps make it seamless.
- Optimize USD-to-MXN conversion for cross-border sales
- Accept Mexican local payments (OXXO, SPEI) as a U.S.-based merchant
- Send crypto payments to Mexican vendors and convert to fiat instantly
- Enable crypto off-ramps for faster, lower-cost remittances
| PROS | CONS |
|---|---|
| Growing eCommerce market | Currency exchange complexity (USD to MXN) |
| Lower competition than U.S. | Limited access to local payment methods |
| Strong demand for U.S. products | Higher fraud and chargeback risk |
| Favorable manufacturing and shipping proximity | Language and localization barriers |
How Bankful helps You win—locally and globally
Whether you’re a Mexican business selling online or a U.S. merchant looking to enter the market, Bankful enables:
- Shopify-native integrations
- Local and international payment methods
- Multi-currency settlement (MXN, USD, crypto)
- Support for high-risk merchants
- Real people who understand your market
Ready to turn your Shopify store into a high-converting, fully local experience for Mexican customers?
Bankful gives you the payment tools to make it happen—securely, legally, and at scale.
