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GCash vs Mercado Pago
GCash and Mercado Pago are both payment receiving platforms. On a $1,000 payment you keep about $980 on GCash and $940–$995 on Mercado Pago, before withdrawal or currency-conversion costs.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- On a $1,000 payment you keep about $980 on GCash and $940–$995 on Mercado Pago, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer. Only GCash offers Cash agents. Only Mercado Pago offers Debit card.
- GCash is based in Philippines, Mercado Pago in Argentina.
Which should you choose?
Choose GCash if…
- Keeping more of each payment matters most — its fee is lower.
- You want to withdraw via Cash agents.
Choose Mercado Pago if…
- You want to withdraw via Debit card.
Side by side
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GCash
The Philippines dominant mobile wallet - receive payments by number or QR, with bank cash-out and heavy freela…
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Mercado Pago
Latin America biggest payments app - anyone can receive via QR codes, payment links, and card readers, with or…
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|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | Yes |
| Fees | Free in-app transfers, ~2% agent cash-out | Free P2P, ~0.5-6% merchant receiving fees |
| Withdraw via | Bank transfer, Cash agents | Bank transfer, Debit card |
| Availability | Philippines | Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay |
| Local to | Philippines | Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay |
| Founded | 2004 | 2003 |
| Headquarters | Taguig, Philippines | Buenos Aires, Argentina |
| Popularity | 41 views · 0 likes | 55 views · 0 likes |
Frequently asked questions
Which is cheaper, GCash or Mercado Pago?
On a $1,000 payment you keep about $980 on GCash and $940–$995 on Mercado Pago, before withdrawal or currency-conversion costs.
Where are GCash and Mercado Pago available?
GCash: Philippines. Mercado Pago: Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay.