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Square

Square

Retail & Restaurants

VS

MercadoPago

Latin American E-commerce

MercadoPago
Fees from
2.6% + $0.10 (in-person), 2.9% + $0.30 (online) vs 2-4% (varies by country)
Features

2 shared

2 unique to Square
Regions

0 shared

4 unique to Square · 1 unique to MercadoPago
Pay methods

4 shared

8 unique to Square · 6 unique to MercadoPago

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Show full specs
4 features · 18 payment methods · 5 regions. We don't rank these — they're here for reference.
Square Square
MercadoPago MercadoPago
Quick Facts
Fees
Standard transaction rate
2.6% + $0.10 (in-person), 2.9% + $0.30 (online)
2-4% (varies by country)
Settlement
Time to receive funds
1–2 business days
14–30 business days
Founded
2009
2003
Headquarters
San Francisco, California
Buenos Aires, Argentina
Sandbox / Test Mode
✓
✓
Webhook Support
✓
✓
Features
Square leads (4 vs 2)
Instant Payout
✓
✓
Instant Sandbox Unique
✓
—
Recurring Payments Unique
✓
—
Startup Friendly
✓
✓
Payment Methods
Square leads (12 vs 10)
Ach Unique
✓
—
Amex
✓
✓
Apple Pay Unique
✓
—
Bank Transfer Unique
—
✓
Boleto Unique
—
✓
Cash
✓
✓
Digital Wallet Unique
✓
—
Diners Unique
✓
—
Discover Unique
✓
—
Elo Unique
—
✓
Gift Card Unique
✓
—
Google Pay Unique
✓
—
Hipercard Unique
—
✓
Jcb Unique
✓
—
Mastercard
✓
✓
Oxxo Unique
—
✓
Pix Unique
—
✓
Visa
✓
✓
Regions
Square leads (4 vs 1)
Asia Unique
✓
—
Europe Unique
✓
—
Latin America Unique
—
✓
North America Unique
✓
—
Oceania Unique
✓
—

Square is best when you...

Retail & Restaurants
Need Instant Sandbox
Not available with MercadoPago
Need Recurring Payments
Not available with MercadoPago
Want coverage in Asia, Europe, North America, Oceania
MercadoPago doesn't cover these regions
View Square

MercadoPago is best when you...

Latin American E-commerce
Want coverage in Latin America
Square doesn't cover this region
View MercadoPago

Frequently Asked Questions

What is the difference between Square and MercadoPago?
They share 4 payment methods and 0 regions. Square adds ACH, Apple Pay, Digital Wallet and 5 more that MercadoPago does not list; MercadoPago adds Bank Transfer, Boleto, Elo and 3 more that Square does not list; Square also covers Asia, Europe and 2 more; MercadoPago also covers Latin America.
Which is cheaper, Square or MercadoPago?
Square has published rates from 2.6% + $0.10 (in-person), 2.9% + $0.30 (online); MercadoPago has published rates from 2-4% (varies by country). Headline rates exclude fixed per-transaction fees, FX and chargeback costs, so model your own mix before deciding.
Where can I use Square and MercadoPago?
Square lists 4 regions and 12 payment methods; MercadoPago lists 1 and 10. Check the country list on each profile before onboarding — regional coverage is not the same as local acquiring.
How do Square and MercadoPago compare on integration and settlement?
both offer a sandbox; both support webhooks; Square settles in 1–2 business days, MercadoPago in 14–30 business days.

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Data on this page is indicative and may be out of date — always verify fees, coverage, and terms directly with each provider before signing. Comparisons are generated from published data and provider-submitted updates; they are information, not advice or an endorsement. Some outbound links may earn us a referral commission — commissions never influence scores or rankings.

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