Mercado Pago
Best for: Daily purchases in peso
Pros & Cons
Pros
- QR payments in every store
Cons
- Requires a local DNI
Rating breakdown
Foreigner onboarding0
USD handling60
Transfers75
Value & fees30
Documents & how to apply
Requires a local DNIRequires a local DNI
What you'll need
- DNI+CUIL
Editorial review
For relocants, Mercado Pago is harder to reach: it requires a local DNI before you can open an account.
It is a service supporting ARS, USD. You can hold USD.
It tends to suit daily purchases in peso.
Fees & terms
- Exchange rate
- Dólar MEP
- Local-currency withdrawal
- Pago Fácil, Rapipago, Stores
- Currencies
- ARS, USD
- Cards
- Local Prepaga Virtual, Local Prepaga Physical
- Transfers
- CBU/CVU ARS in/out, CBU/CVU USD in, CBU/CVU USD out
- Payments
- Mercado Pago QR
Also consider
FAQ
- Will they accept me without a DNI?
- No. Mercado Pago requires a local DNI to open an account.
- What documents do I need?
- DNI+CUIL.
- Can I hold and receive USD?
- Yes, Mercado Pago lets you hold USD.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
11 of 19 fields independently verifiedUpdated: Dataset compiled: