Mercado Pago vs Monese
Mercado Pago
mercadopago.com.ar
Monese
monese.comSide by side
| Figure | Mercado Pago | Monese |
|---|---|---|
| Price from | Free | £2.50/mo |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | — |
| Plans published | 8 | 7 |
| Spec score · Digital Wallet Apps | 9.0 (#2) | 8.1 (#18) |
| Founded | Mercado Pago was launched in 2003 as part of Mercado Libre's expansion. | 2015 |
Plans
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
Monese
- Pay as you goFree
- Everyday£2.95 a month
- Cashback£7.95 a month
- Premium£14.95 a month
- Everyday£29.95 a year
- Cashback£79.95 a year
- Premium£124.95 a year
In their own words
Mercado Pago
Mercado Pago has no write-up on Specifiction yet; its figures are above.
Monese
Monese offers mobile money accounts for spending, sending and saving through an app. Accounts support payments, transfers, direct debits, standing orders, savings tracking, account details, and physical or virtual cards. The app provides spending overviews, weekly and monthly budgets, instant spending notifications, and up to 10 savings pots with roundups. Customers can add cards to Apple Pay and Google Pay, or link multiple UK bank accounts to view balances and make instant top-ups. Security features include biometric login, multi-factor authentication, 3D Secure, single-device access and card locking. Monese is available on Android, iOS and web. Its Pay as you go account is free and described as basic and intended for occasional use. Everyday costs £2.95 a month and includes two free bank transfers out monthly, with a £1 fee beyond that allowance. Applicants must be at least 18, live in one of 31 EEA countries, and provide an email address, phone number, government ID and in-app video selfie. Monese says UK e-money funds are safeguarded, but its services are not covered by the Financial Services Compensation Scheme. It has no physical branches and does not handle cash or cheques.