CurrencyFair vs Mercado Pago
CurrencyFair
currencyfair.com
Mercado Pago
mercadopago.com.arSide by side
| Figure | CurrencyFair | Mercado Pago |
|---|---|---|
| Price from | €3/mo | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 3 | 8 |
| Spec score · Money Transfer Apps | 8.6 (#14) | 8.9 (#8) |
| Founded | 2010 | Mercado Pago was launched in 2003 as part of Mercado Libre's expansion. |
| Free plan | Yes | Yes |
| Mobile platforms | both | both |
| Transfer speed | Many international transfers are completed within 24 hours, and GBP Faster Payments can arrive within one hour with participating banks. | instant |
| What it does | CurrencyFair provides online cross-border payments and foreign-exchange services. | Mercado Pago offers tools for receiving online and in-person payments, including payment links, QR codes, card readers, and e-commerce checkout integrations. |
Plans
CurrencyFair
- International transfer€3 a month
- Business account€3, paid once
- Personal account€3, paid once
Mercado Pago
- Cuenta digitalFree
- Cuenta gratisFree
- Link de pago — money available in 35 days$1.49, paid once
- Link de pago — money available in 18 days$3.39, paid once
- Link de pago — money available in 10 days$4.39, paid once
- Link de pago — money available instantly$6.29, paid once
- Cobro con QRPriced on request
- Link de pagoPriced on request
In their own words
CurrencyFair
CurrencyFair provides online cross-border payments and foreign-exchange services through web, iOS, Android, and an API for approved business and institutional partners. Users can send and receive money to and from more than 150 countries in more than 20 currencies, with bank recipients and same-day transfer speed listed. Quick Trade supports instant exchanges; Marketplace Trades let users set a desired rate and wait for a match. Users can also set rate alerts, track transfers, and schedule them. Business customers can pay overseas workers, suppliers, and contractors, or receive international payments. UK-based business customers can hold more than 20 currencies and convert when market conditions suit them. CurrencyFair lists a free plan. Charges include €3 a month for international transfers, billed at €3 or currency equivalent when sending or transferring out after exchange, plus an exchange margin. Personal and business accounts list a €3, paid once charge per send or transfer out after exchange. Identity verification is required and may involve identification and up to two proofs of address. The company is based in Dublin and was founded in 2010.
Mercado Pago
Mercado Pago has no write-up on Specifiction yet; its figures are above.