BanderasNews
Puerto Vallarta Weather Report
Welcome to Puerto Vallarta's liveliest website!
Contact UsSearch
Why Vallarta?Vallarta WeddingsRestaurantsWeatherPhoto GalleriesToday's EventsMaps
 NEWS/HOME
 EDITORIALS
 ENTERTAINMENT
 VALLARTA LIVING
 PV REAL ESTATE
 TRAVEL / OUTDOORS
 DESTINATIONS
 TOURS & ACTIVITIES
 FISHING REPORT
 GOLF IN VALLARTA
 52 THINGS TO DO
 PHOTO GALLERIES
 LOCAL WEATHER
 BANDERAS AREA MAPS
 HEALTH / BEAUTY
 SPORTS
 DAZED & CONFUSED
 PHOTOGRAPHY
 READERS CORNER
 BANDERAS NEWS TEAM
Sign up NOW!

Free Newsletter!

Puerto Vallarta News NetworkTravel & Outdoors 

Travelers to Mexico are Getting Their Money Back

go to original
March 26, 2015

MoneyBack provides international travelers with refunds of 8.9 percent on the total amount they spend when shopping in Mexico. Everyone traveling to Mexico by cruise or air is eligible for the refunds.

For many, shopping is an intrinsic – not to mention essential – element of the travel experience. In Mexico, the shopping experience also offers significant savings opportunities, thanks to MoneyBack, which provides value-added tax (VAT) returns to international travelers.


"To receive almost 9 percent of your shopping expenses back provides a great incentive to shop," said Danielle Van der Kwartel, the company's general director, adding that MoneyBack works closely with travel agents to train them on how to help their clients capitalize on the company's services. "These clients will go back to the travel agent because they value great service."

The company's website includes a wide array of resources for agents, including presentations, webinars, refund forms and updates on how to best facilitate tax returns. Agents can also download refund forms from the site and fill them out before their clients depart for Mexico. "We'll have monthly raffles starting in April to give away a prize to a travel agent randomly, using the refund forms that include travel agent names," Van der Kwartel said.

MoneyBack was launched in 2008 with offices in Mexico City and Los Cabos. "It was created with the intention of giving back to international travelers by offering them a tax refund service in a fast and simple way," said Van der Kwartel.

"MoneyBack provides international travelers with refunds of 8.9 percent on the total amount they spend when shopping in Mexico. All international travelers traveling to Mexico by cruise or air are eligible to receive it," said Van der Kwartel.

Best of all, the service makes it easy to obtain refunds. "Participating stores can be identified by the MoneyBack logos displayed in windows or next to the check-out areas," she said. Travelers can also obtain the complete roster of participating stores, which are listed by category, on their website under the 'Shop Here' tab.

Since its inception, MoneyBack has expanded its reach dramatically. "Nowadays we provide service in more than 98% of Mexico's air and maritime points of departure," said Van der Kwartel. "In 2012 we had 16 offices, and today we have 55, including nine in cruise ports, 27 in shopping malls or stores and 19 in international airports." By the end of 2015 the company will open new offices at three airports and three cruise ports, finishing the year with more than 60 offices nationwide, she said. "In 2014 we processed 72,438 refunds, totaling 1,358 billion pesos."

Van der Kwartel said that cruise passengers generate the highest sales. "They spend over three times more in shopping than tourists coming by plane," she said. So far this year, MoneyBack has unveiled eight new offices in Mazatlán, Ensenada, Loreto, Chiapas and Progreso to serve cruise passengers, and in Leon, Queretaro and Toluca to cater to business travelers. It also has offices in Cozumel, Cabo San Lucas and Puerto Vallarta.

To file for refunds, international travelers must request VAT-itemized invoices at any of 6,000 participating stores where they make purchases and then submit at the closest MoneyBack office with shopping incentive refund forms, credit card vouchers, copy of passports, cruise IDs or immigration forms and boarding pass prior to departing Mexico. "In less than 45 days, they'll receive their refunds directly onto the credit cards of their choice," said Van der Kwartel.

Original article