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About Mercadopago
Mercadopago is a digital payment platform that lets you manage your money, make payments, and grow your business. It offers a free digital account, a free credit card with no fixed costs, and tools for selling online or in-person. It solves the problem of high banking fees and slow transfers by providing instant, free money movement and accessible financial services.
Who is Mercadopago for?
Ideal for individuals and small to medium businesses in Latin America, especially those who want a simple, low-cost way to handle payments, credit, and daily finances. It's also great for freelancers and online sellers who need to accept payments quickly. If you need full-service traditional banking or operate outside Mercadopago's geographic coverage, it may not be the best fit.
Real use cases
Use Mercadopago to pay with QR codes at thousands of merchants, buy in installments without a credit card, send or receive money instantly, or invest in pesos and dollars. Business owners can use Point card readers, payment links, or Tap to accept payments, and access credit offers to fuel growth.
Key features
- Free credit card — No fixed costs, and enjoy 3 installments without interest on Mercado Libre purchases.
- QR payments — Pay or accept payments by scanning QR codes from your phone.
- Instant transfers — Send and receive money immediately, with no fees for personal transfers.
- Dollar and peso accounts — Buy, sell, transfer, and deposit US dollars and Argentine pesos with ease.
- Credit solutions — Get personal loans or buy in installments without a traditional credit card.
- Business tools — Use Point devices, payment links, or Tap to sell and manage your operations.
- Bill payments and recharges — Keep your services up to date directly from the app.
SaaSpartout Score
7.6
/10
Editorial score from our review methodology — not user ratings.
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Why are you looking at Payments & Merchant Services tools today?
Mercadopago Pricing
Mercadopago pricing: Free to start; optional credit products and business tools may incur fees.. Billing model: Free.
For comparison: the median starting price in Finance & Accounting is $20/month, measured across 145 tools we track. See the full SaaS Pricing Index →
Free Account
Free to open and use. Includes digital account, free credit card (no fixed costs), QR payments, transfers, and access to credit offers. You can also earn yields on your peso balances, and dollar balances. No monthly fees.
Business Tools
No monthly subscription. Charges apply per transaction when you sell with Point, payment links, or Tap. Exact rates depend on your country and plan; see the Mercadopago website for details.
There is no free trial because the basic account is completely free, with optional pay-per-use services.
Frequently asked questions
Is Mercadopago free?
Yes, opening a Mercadopago account is free. The credit card is also free with no fixed costs, and personal transfers are fee-free.
How much does Mercadopago cost?
The account itself is free. Fees apply only when you use certain business tools, like charging customers via QR or Point, depending on your country.
Who is Mercadopago best for?
Mercadopago is best for individuals and small businesses in Latin America who want low-cost digital payments, a free credit card, and easy money management.
What are the top alternatives to Mercadopago?
Popular alternatives include PayPal, Stripe, and local digital wallets, but they may not offer the same free features or regional focus.
Does Mercadopago work like a bank?
No. Mercadopago is a payment service, not a bank. It is not authorized by the Central Bank of Argentina to operate as a financial entity, and funds in payment accounts are not guaranteed as bank deposits are.
Can I use Mercadopago for my business?
Yes, Mercadopago offers tools like Point card readers, payment links, and QR codes to help you sell and manage your business, plus credit offers to support growth.
