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Mercado Pago Argentina

Country: Argentina (AR)  |  Payment Rail: closed_loop_wallet

DigitalWallet Market Adoption: 85%

Mercado Pago is the dominant super wallet in Argentina operated by Mercado Libre, featuring instant QR payments, digital account balances, and credit card installments widely used for e-commerce, retail checkout, and utility bill payments.

🔄 User Payment Flow

  1. Customer selects Mercado Pago at checkout
  2. Customer logs in with Mercado Pago credentials or scans on-screen dynamic QR code
  3. Customer chooses payment source (wallet balance, stored credit card with installments, or debit)
  4. Customer confirms transaction with biometric / OTP and receives instant approval

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringYES
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant API creates checkout preference via Mercado Pago API or acquiring gateway (dLocal / Kushki / PayU)
  • Gateway returns checkout redirect URL or dynamic interoperable QR payload
  • Gateway captures instant IPN webhook notification and updates merchant order fulfillment status

🚀 Supported Payment Gateways & Acquirers (PSPs)

🔌 PayU🔌 Mercado Pago🔌 dLocal🔌 Kushki🔌 EBANX