Mercado Pago vs Wise
Mercado Pago
mercadopago.com.ar
Wise
wise.comSide by side
| Figure | Mercado Pago | Wise |
|---|---|---|
| Price from | Free | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | — |
| Plans published | 8 | 1 |
| Spec score · Digital Wallet Apps | 9.0 (#2) | 8.0 (#24) |
| Spec score · Money Transfer Apps | 8.9 (#8) | 8.9 (#5) |
| Account security | Mercado Pago recommends biometric phone authentication, facial recognition and QR verification, and security alerts delivered by email, WhatsApp, SMS, or notification. | Two-factor authentication protects accounts and transactions. |
| Founded | Mercado Pago was launched in 2003 as part of Mercado Libre's expansion. | 2011 |
| Free plan | Yes | Yes |
| Mobile platforms | both | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. |
| Payment methods | The payment link page says buyers can pay by credit card in installments, debit, cash, Mercado Pago balance, or Mercado Crédito where available. | The app says users can fund transfers with Apple Pay, Google Pay, a debit or credit card, or a bank transfer. |
| Transfer speed | instant | On many popular routes, transfers can arrive within one day, the same day, or instantly. |
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
In their own words
Mercado Pago
Mercado Pago has no write-up on Specifiction yet; its figures are above.
Wise
Wise is a money app for sending money, receiving payments from abroad, checking exchange rates, paying bills, and sending money to loved ones. It sends to bank accounts in over 140 countries; delivery on many popular routes is within a day, the same day, or instant. Wise says it uses the mid-market exchange rate and displays fees before payment. Signing up is free, with no subscription; sending and conversion fees vary by currency and start from 0.33%. Sending to another Wise account has no sending fee, though conversion fees may still apply. Transfers can be funded with Apple Pay, Google Pay, cards, or bank transfer. Users can track and schedule transfers, repeat previous transfers, and receive live exchange-rate notifications. Wise says it safeguards customer money separately from its own and uses two-factor authentication to protect accounts and transactions. Photo ID may be required for some currencies or large transfers. The app is available on Android, iOS, and web.