Wallets · On request
Mercado Pago
Mercado Pago is the payment arm of Mercado Libre, Latin America's largest marketplace, operating since 2003: the payer logs into their Mercado Pago account at checkout and pays from the balance or a saved card, and the provider confirms instantly. Disputes follow Mercado Pago's own rules rather than card scheme rules; the flow supports recurring charges and refunds in six countries and currencies.
Key facts
- Currencies
- BRL, MXN, ARS, CLP, COP, PEN
- Operations
- Pay-in · Recurring · Refund
- Settlement
- instant
- Chargebacks
- under the provider's rules
How a payment goes through
- 1The checkout opens the wallet app or shows its button
- 2The payer confirms in the app with a PIN or biometrics
- 3The wallet confirms the payment to the provider within seconds
- 4Webhook to the merchant; a refund goes back the same way
How a payment goes through
- The checkout offers Mercado Pago and hands the payer to the wallet, or shows a QR code on a desktop.
- The payer logs in and pays from the account balance or a saved card.
- The provider confirms instantly.
- Tranzify writes the result and calls the merchant’s webhook.
Mercado Pago against cards
Mercado Pago grew out of the marketplace’s own checkout and is now a stand-alone wallet with a balance, a prepaid card and QR payments in shops. For a merchant it brings the payers who already keep money there and spares them typing a card number; the account also stores the card they use elsewhere.
| Mercado Pago | Cards | |
|---|---|---|
| Who runs it | Mercado Libre’s licensed local entities | Visa and Mastercard through local acquirers |
| Confirmation | instant | seconds, with 3-D Secure |
| Disputes | the wallet’s own rules | scheme chargebacks |
| Payer needs | a Mercado Pago account | a card enabled for online payments |
| Recurring | yes | yes |
Payouts and refunds
Payouts: no. Refunds: yes, full or partial, back to the payer’s account through the same provider. Recurring: yes, subscriptions charged from the account the payer linked.
Who uses it
E-commerce and retail, digital goods and gaming, delivery and on-demand services, travel and mobility, marketplaces and platforms: everywhere the buyer already shops on Mercado Libre and expects the same wallet at checkout.
How to connect
- 1Onboard with Tranzify and get your network, keys and back office.
- 2Enter your account with the provider in the terminal settings — Tranzify already speaks its API.
- 3Add routing rules: countries, currencies, amounts, BIN ranges, priorities and weights.
- 4Go live. Every payment, callback and retry is in the journal for five years.
Providers offering this method
Industries
Frequently asked questions
Which countries and currencies are covered?+
Can a payer dispute a Mercado Pago payment?+
Are payouts possible?+
Related methods
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