Mercado Pago (Mercado Libre) card reader review 2026: tap to pay fees and rating
Largest LATAM player; Point Tap launched in Mexico in 2026, where it competes head-on with Clip and BBVA.
The score measures transparency, reach and certification of the offer — not how well the app works. See the formula
Mercado Pago (Mercado Libre) offers Point Tap / Tap to Pay for iOS + Android. Transaction fee: from 1.99%; monthly fee: none. Security certification: n/a. Available in: Brazil, Mexico, Argentina, Chile, Colombia, Peru, Uruguay.
Mercado Pago (Mercado Libre) terms in full
| Product name | Point Tap / Tap to Pay |
|---|---|
| Provider type | SoftPOS + hardware |
| Headquarters | Argentina/Uruguay |
| Founded | 2003 |
| Platforms | both |
| Certification | not stated |
| Transaction fee | Brazil (Point): debit 1.99 % with instant payout; Caixa virtual debit 3.99 %; Pix via QR code on the reader 0.49 %; single-payment credit 4.98 % instant, 3.79 % after 14 days, 3.03 % after 30 days; instalments at separate rates |
| Monthly fee | 0 (no rental) |
| Setup cost | 0 |
| Contract term | n/a |
| Cards accepted | Visa, Mastercard, American Express, Apple Pay, Google Pay |
| PIN entry on screen | yes (when the contactless limit is exceeded) |
| Transaction limit | country-dependent, set by issuers |
| Target customers | Micro-merchants, street vendors, SMEs in LATAM |
| Available markets | Brazil, Mexico, Argentina, Chile, Colombia, Peru, Uruguay |
| Website | mercadopago.com |
| Data source | Open primary source ↗ |
Alternatives to Mercado Pago (Mercado Libre)
Comparable providers in Latin America:
- InfinitePay (CloudWalk) — from 0.75%, Rating 2.6
- PagBank (PagSeguro) — from 1.99%, Rating 2.6
- Ton (Stone Co.) — from 0.57%, Rating 2.6
- Clip (Payclip) — from 2.99%, Rating 2.8
- Bold — from 1.50%, Rating 3.4
Compare all providers in Latin America →
Frequently asked questions
Mercado Pago tap to pay: do I need any extra hardware?
Not necessarily. Mercado Pago (Mercado Libre) sells card terminals as well, but its tap to pay product works on a phone you already own, with no extra hardware. Supported platforms: iOS + Android. country-dependent, set by issuers.
Which countries is Mercado Pago available in?
By our records: Brazil, Mexico, Argentina, Chile, Colombia, Peru, Uruguay. Availability changes, and the date above the table is when we last checked.