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Mercado Pago vs PayPay
Mercado Pago and PayPay are both payment receiving platforms. On a $1,000 payment you keep about $940–$995 on Mercado Pago and $1,000 on PayPay, 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 $940–$995 on Mercado Pago and $1,000 on PayPay, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer. Only Mercado Pago offers Debit card.
- Mercado Pago is the older platform — founded in 2003, 15 years before PayPay (2018).
- Mercado Pago is based in Argentina, PayPay in Japan.
Which should you choose?
Choose Mercado Pago if…
- You want to withdraw via Debit card.
- You prefer a long track record (since 2003).
Choose PayPay if…
- Keeping more of each payment matters most — its fee is lower.
Side by side
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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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PayPay
Receive and hold payments on Japan dominant QR wallet.
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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 P2P, ~0.5-6% merchant receiving fees | Free P2P, bank withdrawal 100 JPY |
| Withdraw via | Bank transfer, Debit card | Bank transfer to Japanese account |
| Availability | Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay | Japan |
| Local to | Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay | Japan |
| Founded | 2003 | 2018 |
| Headquarters | Buenos Aires, Argentina | Tokyo, Japan |
| Popularity | 55 views · 0 likes | 53 views · 0 likes |
Frequently asked questions
Which is cheaper, Mercado Pago or PayPay?
On a $1,000 payment you keep about $940–$995 on Mercado Pago and $1,000 on PayPay, before withdrawal or currency-conversion costs.
Where are Mercado Pago and PayPay available?
Mercado Pago: Argentina, Brazil, Mexico, Chile, Colombia, Peru, Uruguay. PayPay: Japan.