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Grey vs Mercado Pago
Grey and Mercado Pago are both payment receiving platforms. Fees — Grey: No account fees, FX conversion margin. Mercado Pago: Free P2P, ~0.5-6% merchant receiving fees.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- Fees — Grey: No account fees, FX conversion margin. Mercado Pago: Free P2P, ~0.5-6% merchant receiving fees.
- Both pay out via Bank transfer. Only Grey offers Mobile money. Only Mercado Pago offers Debit card.
- Mercado Pago is the older platform — founded in 2003, 17 years before Grey (2020).
- Grey is based in United States, Mercado Pago in Argentina.
Which should you choose?
Choose Grey if…
- You want to withdraw via Mobile money.
Choose Mercado Pago if…
- You want to withdraw via Debit card.
- You prefer a long track record (since 2003).
Side by side
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Grey
Virtual USD, GBP, and EUR accounts for African freelancers - receive international payments and convert to loc…
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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 | No account fees, FX conversion margin | Free P2P, ~0.5-6% merchant receiving fees |
| Minimum payout | Varies by rail, including NGN 1000, GBP 20, EUR 20, KES 300, and MXN 10 | No minimum for Brazil person-to-person Pix, other methods unconfirmed |
| Payout speed | — | Brazil Pix transfers in real time, including outside banking hours |
| Withdraw via | Bank transfer, Mobile money | Bank transfer, Debit card |
| Availability | Nigeria, Kenya, Ghana, Uganda + LatAm/Asia markets | Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay |
| Local to | Nigeria, Kenya, Ghana | Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay |
| Founded | 2020 | 2003 |
| Headquarters | Middletown, United States | Buenos Aires, Argentina |
| Popularity | 35 views · 0 likes | 56 views · 0 likes |
Frequently asked questions
Which is cheaper, Grey or Mercado Pago?
Grey: No account fees, FX conversion margin. Mercado Pago: Free P2P, ~0.5-6% merchant receiving fees.
Where are Grey and Mercado Pago available?
Grey: Nigeria, Kenya, Ghana, Uganda + LatAm/Asia markets. Mercado Pago: Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay.