What is MercadoPago?
p>MercadoPago is a leading online payment company in Latin America. Their payment services have become a very popular payment method in Latin America, the United States and Europe.
As a cross-border payment service, after years of development, MercadoPago has reached agreements with many international e-commerce platforms and e-commerce websites to provide their sellers and buyers with perfect and stable cross-border payment services. Online payment services.
Practical application scenarios of MercadoPago
One of the most extensive application scenarios of MercadoPago is duty-free shopping on cross-border e-commerce platforms. Through this service, users can directly pay in local currencies, eliminating many shopping difficulties within their own countries and realizing a cross-border online shopping experience.
In addition, MercadoPago also cooperates with many offline payment institutions and banks to provide a variety of convenient payment methods, such as bank transfer, credit card payment, cash payment, etc.
MercadoPago payment process
To understand MercadoPago, it is inevitable to introduce its payment process, as follows:
Step 1: User registration
Users need to register their own account on the official website of MercadoPago and indicate their basic information.
Step 2: Add payment method
In the account settings, users need to add their own payment methods, including credit card, debit card, wire transfer, etc.
Step 3: Select the payee
During the payment process, the user needs to fill in the payee¡¯s payment account information, including name, account number, opening bank, etc.
Step 4: Fill in the payment amount
Users need to manually fill in the payment amount and ensure that it does not exceed the requirements of the selected payment method.
Step 5: Confirm payment
After the user confirms that the payment information is correct, he can click Submit and wait patiently until the transaction is completed.
Is MercadoPago trustworthy?
MercadoPago¡¯s efforts in improvement and technological innovation have been recognized by users and experts around the world. MercadoPago protects user privacy and sensitive information through secure SSL encryption technology, and so far there has been no leakage of information.
In addition, MercadoPago has a highly acclaimed payment license, which is a multi-faceted recognition of their credibility.
The difference between MercadoPago and PayPal
MercadoPago and PayPal are both leaders in cross-border payment collection. Although they have their own advantages, there are also some differences.
First of all, compared to PayPal globally, MercadoPago mainly focuses on the Latin American market and has a better understanding of the needs and consumption habits of local users.
Secondly, PayPal has some advantages over MercadoPago in providing overseas payment and collection services. PayPal cooperates with banks in 69 countries around the world, making it more complete in the global banking system, especially in East Asia, where Paypal is more popular.
MercadoPago charging standards
MercadoPago¡¯s charging standards include two types, one is for individual users, and the other is for business users. They each provide different Service fees, the following is an introduction to two situations:
Individual user fees
For ordinary individual users, MercadoPago chooses to process the first 5 transactions for free, and every subsequent successful transaction will There is a flat transaction fee of 1.99% + $0.30.
Merchant user fees
The fee standard for merchant users is different from that of individual users, and they mainly use a “recharge” method similar to prepaid fees. Merchants can choose to purchase some insurance, such as lost goods insurance, etc. The fees charged during the transaction will change according to the amount of these insurances.
Conclusion
With the trend of accelerating the cross-border payment process and expanding the global commercial market, MercadoPago is becoming more and more important. With the payment service of MercadoPago, transactions and consumption can be carried out quickly and conveniently from many countries around the world, which is very beneficial to users and entrepreneurs around the world.