What cards does Mercado Pago accept?

Selling online is essential Find out more about all available alternatives and means of paymentThis allows you to offer your customers multiple options.

Finding a suitable payment gateway for your business is essential to effective collections management, and with credit and debit cards remaining one of the most popular forms of payment, it’s important to know which ones platforms accept.

In this article we tell you What cards does Mercado Pago accept, what is the minimum and maximum amount, what are the transaction fees? and other useful information when making your payments.

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What is market payment

Mercado Pago is a online platform this gives sellers the opportunity to collect through multiple channels both online and offline: QR and Point, in person or a payment link to spread through social networks and WhatsApp.

With all these options, it is possible to pay with various credit and debit cards, as well as with cash, wire transfer or bank deposit.

What bank account do I need to have to use Mercado Pago?

To use Mercado Pago You can use an account at any bank, if you want to transfer your money. It is also possible to work without one, since, like any virtual wallet, it offers a variety of ways to withdraw funds.

Even if you have a Mercado Pago Point to make your payments, It is not necessary to have a bank account, Just buy the device from their website and have Android 5.0 or iOS 12 or higher.

How do I register a card at Mercado Pago?

If you want to use Mercado Pago to pay with your credit or debit cards, either for an online purchase, via a payment link or QR, you can follow these steps:

1. Sign in to your Mercado Pago account.
2. in option “How would you like to pay?”click on “Add new card”.
3. I entered the card details and verified that they are all correct:
   1. card number
   2. month and year
   3. First and last name as printed on the card
   4. security code
4. I clicked “Continue” and done!

Remember that according to regulation “A” 7328 of the Central Bank of the Argentine Republic, you can only add cards with the same name as the account holder.

Cards accepted by Mercado Pago

In this section we not only tell you what cards Mercado Pago accepts, but also the minimum and maximum consumption amounts, how to top up with a credit card, how to get the Mercado Pago card and what the Mercado limit is.

Which credit cards does Mercado Pago accept?

For credit cards, Mercado Pago offers financing costs in Payments of up to 12 installments, bank promotions in installments without interest and immediate accreditation for the following facilities:

• American Express
• Visas
• master card
• orange
• shopping card
• indigenous
• Zenkoud
• I agree
• argent card
• Diners Club
• cordovan
• CMR Falabella
• Walmart

What is the minimum and maximum amount?

For Visa, the minimum is $2 and the maximum is $700,000. For Mastercard, American Express, Naranja, Argencard, Cabal, Cencosud, Nativa Mastercard and Shopping cards, the minimum is $1 and the maximum allowed is $700,000.

How can I top up with a credit card in the Mercado Pago?

Once the account is created, you pay a fixed commission for each transaction according to the form and date of the payment being credited.

We summarize all information about payments and accreditations in this table.

If you want to know more you can read:

article

What debit cards does Mercado Pago accept?

The Mercado Pago platform accepts payments with the following cards:

• Visa direct debit
• Debit Mastercard
• teacher
• I agree
• payment market

Businesses that only sell groceries can also accept the Food Card.

Why does Mercado Pago refuse a debit card?

Mercado Pago may refuse a means of payment for various reasons, including: a Payment method error or a Failure to meet minimum security requirements.

The problem can be caused by incorrect loading of the data or by the Activation of an anti-fraud mechanism before any unusual movement on the account.

In other cases, there may be specific customer issues, either a Card expired or insufficient balance.

In this case, it is important to explain to the customer the specific reason for the refusal to pay and to offer possible solutions.

For example, if a payment is declined due to insufficient funds, you can recommend them to try a different method of completing the transaction.

Learn more:

article

How do I get the Mercado Pago card?

This card can be requested free of charge by anyone with a Mercado Pago account. This makes it possible to withdraw the money without having to transfer it to a bank account.

Next we explain step by step how to request it:

1. In the Mercado Pago app, go to the “Cards” section.
2. Complete it with your personal information and the address where you would like to receive the card.
3. Once you get it, remember to activate it. Either via the app or via the QR code.

What is the maximum credit market limit?

Mercado Crédito grants credits of up to $5,000,000 depending on the transaction volume on each account. For sellers, the higher their sales, the higher the amount of credit they can access.

Conclusions

Now that you know what cards Mercado Pago accepts, you can make the best decisions based on what suits your business.

The payment phase is one of the most important in the purchase process, as this is the moment of conversion. For this reason, being informed about market options is fundamental because it can be done Offer potential customers more and better options.

When it comes to platforms, ideally, as a seller, you should choose one that accepts multiple credit and debit cards so that the payment stage doesn’t become another obstacle for buyers.

And if you still don’t sell online, create your online store, make the buying process even easier for your customers and take your business to the next level!