How much money can you make with a Mercado Pago account?

There’s a good reason why we recommend anyone open a Mercado Pago account: it offers a 15% annual rate of return. That’s a return that’s significantly higher than any other investment vehicle typically earns, but there’s also the fine print. We’ve read it for you to tell you how much money you can make with a Mercado Pago account. But first…

What is Mercado Pago and how does it work?

Roughly speaking, it is Mercado Libre’s financial solution. It works both as a payment processor (like Visa or Master Card) and as a fintech which can provide you with a loan, credit card or debit account that generates daily profits.

To create an account All you need is an email, official ID and a contact phone number. If you also have a Mercado Libre account where you sell products, you probably already have a Mercado Pago account where you get paid for the products you sell.

The key point is that wallet Mercado Pago also functions as a savings account where you can deposit up to 500,000 Mexican pesos daily. Earning 15% a year on that amount sounds too good to be true, but that’s where the small amounts come into play.

How much money can you make with a Mercado Pago account?

In accordance with Mercado Pago help sectionthe maximum amount to get a 15% return is 23,000 pesos, that is, if you save 23,000 pesos for a year, you will get 26,450 pesos and the net profit will be 3,450 pesos. Yes, this is a much smaller amount and extremely limited compared to the rate offered by other investment vehicles.

But what happens if you have 100,000 pesos in your Mercado Pago account? According to the fintech company, only 23,000 pesos will generate profit, so the remaining 77,000 pesos will be available in your account to withdraw at any time (as well as the 23,000 pesos that will generate profit).

Is it safe to invest in Mercado Pago?

Yes, and we are talking outside of our own experience, namely that the Mercado Pago investment fund is managed by Grupo Bursátil Mexicano (GBM), one of the main operators of the stock market of the Mexican Stock Exchange and is regulated by the National Banking Securities Commission.

For this reason, we will say that if Mercado Pago meets any of your financial needs, the wallet can be useful to you, especially if you usually shop at Mercado Libre – you can also take advantage of discounts on services like Max or Disney+ – and if you have the financial flexibility, leave 23,000 pesos in your Vallate for 12 months, that’s 3,450 pesos no one will give you, but you certainly won’t do more with Mercado Pago.