Mercado Pago – A new way to manage your money


Mercado Pago is one of the applications derived from Mercado Livre that proposes to make your financial life easier.

This digital wallet was initially developed to manage sales from the Mercado Pago terminal.

However, its popularity grew so much that Mercado Livre decided to open this digital wallet for individuals to use as well.

And at the end of the day, this was the biggest success as many people joined Mercado Pago as their main digital wallet for payments.


In addition to a digital wallet, it includes several other benefits and tools that can help you manage your money in the best possible way.

In this article we will talk more about Mercado Pago and answer your main questions.

Find out more about Mercado Pago

Mercado Pago
Mercado Pago

Mercado Pago is a service derived from the great Mercado Livre and its premise is to facilitate financial transactions between the buyer and the seller.

While other digital wallets are only based on you transferring money or receiving money from other people.

Mercado Pago goes far beyond that and offers a series of resources for you to manage your sales and purchases.

In addition, several people use Mercado Pago as a form of digital bank, as it has all the tools that any other digital bank has.

At the same time you can deposit your money, receive transfers and what's cooler, transfer to any bank completely free of charge.

Getting started in the app

Once you install the application, you will need to create an account to be able to use all the resources that Mercado Pago offers.

This account is simple and if you already have an active Mercado Livre account you can use the same account for Mercado Pago.

As soon as you log in, a screen will appear with your total balance in your Mercado Pago account.

Just below you will also have the options to add money, transfer money, withdraw money and enter the credit market.

Also on the home page you will find the main functions and tools that Mercado Pago has to offer, and there are many of them.

Among the main tools that the Mercadopago application offers you, you can, for example, recharge your transport card.

It is worth remembering that it is only possible to recharge the transport cards of the single ticket in São Paulo and the urbs card in Curitiba.

but as the application is constantly being updated, it will very likely soon be possible to recharge other types of transport cards directly through the application.

Like other weekend apps, you can top up your cell phone directly from the app and pay with your account balance.

Which is great because you won't need a credit card or any other debit card to recharge your cell phone.

You can also pay bills and taxes directly from the application by scanning the bar code or copying and pasting the code number.

You can activate the receipt of slips by selecting the for digital slips and Mercado Pago will notify you when the day to pay this slip arrives.

What about major transfers?

Mercado Pago money transfers are one of the simplest of all banking apps reviewed here.

There is an option to send money and you can select from your Contacts list who you want to send money to.

If the person is not there you can select the transfer money option and it will show you 3 options for you to transfer.

The first is using Mercado Pago. This type of transfer only occurs between Mercado Pago accounts and is free and instantaneous.

You can also make a pix, which is the new tool from the Brazilian central bank for transferring automatic money between accounts at different banks.

Or you can also make a transfer via Ted, which in Mercado Pago is free for any bank but takes about 1 hour for the person to receive it.

Payment by QR code (with discounts!)

Mercado Pago
Photo by Austin Distel on Unsplash

In addition, as part of Mercado Pago, you will have several options to make purchases using the QR code.

So partner companies like McDonald's, for example, give a promotion to those who use Mercado Pago to go to the snack bar and pay directly with the app.

And if you think these discounts are small, that's where you're wrong.

Many of these discounts are big and really useful and you can pay and use them while the promotion is active.

Along with this, you will also participate in the points market.

The points market is a points program from Mercado Pago itself so that based on how much you use and pay bills using Mercado Pago, it gives you points.

If you buy high-value products on Mercado Livre, you also earn points that can give you several other benefits within the application of both Mercado Pago and Mercado Livre.

These benefits range from free delivery for any type of product on Mercado Livre, or exclusive discounts by paying with the QR code.

The points market is divided by levels and each time you manage to pass a level, your benefits increase even more.

For example, at level one you have discounts on QR code payments and free returns.

At level 4, you get 20% off all your shipping and benefits on subscriptions like Netflix and Disney+.

And each time you pass a level, the benefits are greater.

Enjoy Mercado Pago, install it and tell us in the comments what you think of this application.

Hope this helps.