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PicPay
Brazilian Social Payments
A popular Brazilian digital wallet and neobank known for social payment features and cashback rewards. PicPay offers a free digital account, payment cards, PIX integration, and peer-to-peer transfers within its large user base. A growing payment option for merchants targeting young, mobile-first Brazilian consumers.
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MercadoPago
Latin American E-commerce
The dominant payment platform in Latin America, part of the MercadoLibre ecosystem. MercadoPago supports the full range of regional payment methods including cards, bank transfers, cash payments, and PIX in Brazil. Essential for any business expanding into Latin American markets where local payment methods are crucial for conversion.
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Side-by-side feature breakdown
~2-4%
2-4% (varies by country)
1 Available
7 Available
5 Supported
17 Supported
Common Ground
Shared Regions
Shared Features
Frequently Asked Questions
What is the difference between PicPay and MercadoPago?
PicPay is best for brazilian social payments, while MercadoPago is best for latin american e-commerce. PicPay charges ~2-4% and MercadoPago charges 2-4% (varies by country). They differ in supported features, regions, and payment methods.
Which is cheaper, PicPay or MercadoPago?
PicPay charges ~2-4% while MercadoPago charges 2-4% (varies by country). The best value depends on your transaction volume, business type, and required features. Compare their full fee structures for your specific use case.
Can I use both PicPay and MercadoPago together?
Yes, many businesses use multiple payment providers for redundancy, regional coverage, or to offer more payment methods. PicPay and MercadoPago can complement each other depending on your needs.