Is it worth opening a Mercado Pago digital account amid countless options, with similar, up-to-date services that make life easier? This is a recurring question, every time a bank or payment account appears on the internet, not just with Mercado Pago.
You’ve probably noticed that people choose the most famous ones, from the perspective that this in itself is already a positive and determining factor in the choice. Would this be the case for the question whether it is worth opening a Mercado Pago digital account?
However, today, we are going to help you, the reader, who is interested in digital and secure ways of handling your money, so you need to analyze many more aspects besides the fame of an application, to find out if it is worth opening a Mercado Pago digital account or not.
Is this a regular account? Or is it just one company? What makes Mercado Pago different? Are Mercado Pago and Mercado Livre the same thing? Find out all about these questions and whether it’s worth opening a Mercado Pago digital account today.
What this article covers:
How does the Mercado Pago digital account work?
Mercado Pago belongs to Free market, but they are not the same service. The account serves as a space for transfers, payments, and a series of utilities both for the common person and for sales and e-commerce.
To do this, just go to the specific function in your app in the menu part. If you want to pay a bill, for example, the tip is to use your cell phone camera to decode the document’s barcode.
Payment is successful, of course, having money in the account. It is worth opening a Mercado Pago digital account because of this service, something that makes it much easier when there is no way to go to a bank.
Traditional deposits such as TED are also accepted. But you can still do it through a ticket or at a lottery house – another convenience for life, especially when you live far from bank branches.
It is worth opening a Mercado Pago digital account as it includes as many credit cards as you want to make purchases on the internet.
Are Mercado Pago fees free?
It’s worth opening a Mercado Pago digital account because most of the services are free: Pix, TED, depositing with boleto, depositing through the lottery, and others that call attention like the rewards program.
It is also worth opening a Mercado Pago digital account as there are no annual fees (either the account or the card) and maintenance, which makes it quite attractive alongside banks and conventional stores.
A service charged separately, however, is for online sellers or not (depending on your customer’s payment method): Rates are more advantageous for physical commerce:
- 0.99% is charged if using digital accounts;
- 1.99% if it is by credit card in the option balance on time;
- 1.99% on debit;
- 1.69%, credit card, if you select balance in 30 days.
It is worth opening a Mercado Pago digital account to take advantage of very interesting rates, including for loans (2.99% per month).
Is the Mercado Pago digital account practical?
Yup. It is worth opening a Mercado Pago digital account, as it is easy to use. With it, you have full control of the money, you are notified about payments received (whether with a balance at the time or not). And all by cell phone.
Another advantage worth opening a Mercado Pago digital account, for example, is that you don’t need to have your card in your hand to withdraw money at Banco 24 Horas. To do so, just use the QR code.
Is it worth opening a Mercado Pago digital account?
Even though we have pointed out several benefits, it may still be undecided whether it is worth opening a Mercado Pago digital account or not. Dear reader, we reinforce the idea that this account is ideal if you want to:
- Do bank services but don’t want a regular bank account;
- Have free account services;
- Have an account to receive your sales;
- Borrowing, having a credit, and being able to pay in several easy ways;
- Invest money and see automatic income.
People who work with sales on the internet or at physical points are very interested in the ease of accounts like this. Therefore, if you fit into this, it is worth opening a Mercado Pago digital account.
But it’s also an incredible advantage when you want to buy from Mercado Livre, for example, and get discounts.
Now, to refresh the main points about whether it is worth opening a Mercado Pago digital account, see in detail the pros and cons:
Opening a Mercado Pago digital account is worthwhile for many reasons:
- No annuity;
- Free refill;
- Sale value at the time;
- Only 0.99% on sales with Pix;
- Fees for physical sales are lower;
- Yields 100% of CDI;
- 2.99% per month for loans (cheaper than Nubank, for example);
- Free rewards program;
- Free Market Discounts.
It can be seen that these are details that greatly attract merchants, small entrepreneurs and other users.
Follow now what is less attractive to know if it is worth opening a Mercado Pago digital account:
- BRL 5.90 to withdraw money;
- 4.99% for online sales that fall on time;
- 4.49% if it falls within 14 days;
- 3.99% in 30 days;
- Withdrawal limit (BRL 1,000 at Banco 24H and BRL 500 at lottery outlets);
- You can only move R$ 3 thousand per day (pay, buy or withdraw).
Is it worth opening a Mercado Pago digital account? It can be better discussed after knowing these fees.
How to open?
There are two very simple ways: through the website or app. Check it out:
- Click on “Mercado Pago”;
- Choose “Create your account”;
- Then click on “Continue”;
- Validate your email and other data;
- Finally, go to “Create account”.
- Download the Mercado Pago app from your app store;
- Fill in your details;
- And finally, click on “Create account”.
In both options, you will have to create an access password.
When analyzing all this, we can say that it is worth opening a Mercado Pago digital account right now, since there are more affordable advantages for the small entrepreneur.
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