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Mercado Pago

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PayPal vs Mercado Pago: What are the differences?

What is PayPal? Send Money, Pay Online or Set Up a Merchant Account. PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser..

What is Mercado Pago? Transform your way of paying. It is a payment solution that allows sellers to receive payments simply and quickly. Choose between credit card, debit, cash, deposit and bank transfer or money loaded into your Mercado Pago account.

PayPal and Mercado Pago can be primarily classified as "Payment Services" tools.

Some of the features offered by PayPal are:

  • 2.9% + $0.30 or less- With our flat, transparent pricing, you’ll never be surprised by hidden or variable fees. We also offer discounted rates when you sell a lot, or when you use our card reader.
  • Keeping every seller secure- If you’re sent an unauthorized payment, or a buyer claims they never received an item, our Seller Protection covers you for the full amount of the eligible payment.
  • Easy for them, easy for you- With just a few clicks, you can get paid by debit card, credit card, or a PayPal transfer. All someone needs to start buying from you is your e-mail address or mobile number.

On the other hand, Mercado Pago provides the following key features:

  • Transform your cell phone into your new wallet
  • Charge as you want and do not stop selling
  • Access an online loan to grow your project
Decisions about Mercado Pago and PayPal
Lucas Litton
Founder & CEO at Macombey · | 4 upvotes · 260.3K views

We use GoCardless to simplify the way clients and partners pay for our services. What intrigued us is the quick and easy ACH feature that gives our clients the option to log in with their bank account and shoot the funds directly to our account. The fee, compared to Stripe is less. Stripe and PayPal charge 2.9% + 30c and Stripe also forces the client to enter in all of their payment details manually and then if the payment doesn't work, the client has to try all over again. GoCardless charges 1% + 25c which is much more reasonable dealing with the large projects that we are currently working on.

We integrate GoCardless with Xero to easily send out quick invoices, receive the funds and track all revenue in one place.

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Pros of Mercado Pago
Pros of PayPal
    Be the first to leave a pro
    • 195
      Most known service
    • 135
      Consumers know it
    • 113
      It's available for many countries
    • 70
      Easy
    • 54
      Best way to get paid outside US
    • 35
      Most widely used payment processor
    • 25
      Express Checkout
    • 16
      Consumers trust it
    • 15
      Flexible and secure
    • 6
      Digital Goods for Express Checkout

    Sign up to add or upvote prosMake informed product decisions

    Cons of Mercado Pago
    Cons of PayPal
      Be the first to leave a con
      • 1
        Not well written recurring payment api
      • 1
        Less countries supported
      • 1
        Harder to get started with

      Sign up to add or upvote consMake informed product decisions

      What is Mercado Pago?

      It is a payment solution that allows sellers to receive payments simply and quickly. Choose between credit card, debit, cash, deposit and bank transfer or money loaded into your Mercado Pago account.

      What is PayPal?

      PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.

      Need advice about which tool to choose?Ask the StackShare community!

      What companies use Mercado Pago?
      What companies use PayPal?
      See which teams inside your own company are using Mercado Pago or PayPal.
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      Sign up to get full access to all the companiesMake informed product decisions

      What tools integrate with Mercado Pago?
      What tools integrate with PayPal?

      Sign up to get full access to all the tool integrationsMake informed product decisions

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      What are some alternatives to Mercado Pago and PayPal?
      Stripe
      Stripe makes it easy for developers to accept credit cards on the web.
      Braintree
      Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.
      Adyen
      A payments technology company that provides a single global platform to accept payments anywhere in the world. Businesses can process payments across online, mobile and in-store (POS) with over 250 payment methods and 187 currencies.
      Recurly
      Recurly is the leading pay-as-you-go recurring billing service because setup is easy, integrations are quick, and our service grows with the needs of your business.
      Omise
      It is a payment gateway for Southeast Asia, based in Thailand, providing a secure and white label solution to merchants and enterprise businesses.
      See all alternatives