How does Mercado Libre pay me?
The Mercado Pago option is automatically included when registering an account and publishing a product or service in Mercado Libre. When any amount of money from the acquisition of a purchase is paid, it will immediately fall into your mobile wallet but it will not be available until it meets a time stipulated in the Mercado Libre policy.
If you have a good reputation as a seller, if you receive a payment from a Mercado Libre buyer, it will not be available until 5 days after the product has been delivered, as long as the buyer does not generate any claim by contacting or calling to Free Market .
On the other hand, if you have low or no reputation as a seller, this money credited to your Mercado Pago wallet will not be available until a period of 9 days after the seller has purchased their product and does not file any complaint or claim.
To withdraw the money you can access the Mercado Pago application, select the option to withdraw money and follow the steps. This can be withdrawn through bank transfers or you can withdraw it in cash through a Rapi Pago, Efecty or other associated agency.
What is Mercado Pago?
Mercado Pago is one of Mercado Libre’s payment methods which can be used by a buyer when making a purchase. Buyers can use this payment method by making payments with credit cards or bank transfers.
It is considered the safest payment method in this trading platform, it can even function as a virtual wallet with which you will be allowed to do other types of procedures such as payment in any store that accepts payment market, or carry out more shopping activities within the Mercado Libre platform.
Mercado Libre buyers are allowed to make credit purchases within the platform, which they can pay in installments stipulated by themselves.
That the seller makes use of the Mercado Pago system provides a series of benefits both to him and to his buyers. For example, buyers can enjoy certain promotions and discounts with the use of specific credit cards.
In the case of being a company, or having partners, you can add them to the Mercado Pago account so that in this way they all handle the same information and have more control within the administration of your business.
How do you charge through Mercado Pago?
The main thing is to choose an available payment method offered by the Mercado Pago platform. After this you can start using this method for customers to deposit their money by scanning the QR code and going directly to your Mercado Pago account. in this way the buyer will have more options to make the payment corresponding to the purchase.
After the buyer has already made the payment to your Mercado Pago wallet, this money will go directly to your Mercado Pago account, however, its availability depends on which payment procedure the client has chosen.
Mercado Pago charges a commission depending on the payment method used by the client, whether it is payments with credit cards, payments through bank transfers, among others. And depending on the platform on which it is used, since Mercado Libre is not the only one that can use this tool as a means of payment.
Mercado Pago offers a secure purchase system that consists of the coverage of the money for a period of 28 days in case the product does not reach the buyer and a 30-day guarantee from the receipt of the product in case it is not. expecting or containing some flaw.
In case of having problems with the purchase, Mercado Libre will inform the seller and provide all the necessary information for him to take care of solving the problem and cover the buyer if this problem is not solved.