The Mercado Pago account is ideal for those looking for practicality, savings and no bureaucracy when carrying out financial transactions. In addition, in a few minutes you can open your account, without having to prove income and you can even apply for a credit card with no annual fee.

So, stay tuned because below we will tell you a little more about how this digital account works, in addition to the advantages and disadvantages. Check out!

Among the existing accounts on the market, Mercado Pago is among those that present the best proposal for customers.

This is because it is an account without bureaucracy, which yields more than savings, you can create it in a few minutes and even have a credit card with no annual fee.

Also, all you have to do is install the Mercado Pago application and create your account right away to start using the services.

This account is suitable for anyone looking for a versatile account with a large amount of financial services and that offers credit and debit cards, loans and even income.

So, the Mercado Pago account limit is for transfers of up to R$50 thousand per day for individuals.

On the other hand, for legal entities, the limit is up to R$500 thousand. 

Now, let's get to know the advantages and disadvantages of the account. Check out!

Among the advantages of the account, you have unlimited Pix and TED transfers, as well as issuing credit and debit cards are free and there is no annual fee.

In addition, there is no monthly fee and you are entitled to 10 free bank deposits per month.

Also, you can buy and sell cryptocurrencies directly through the Mercado Pago application.

Another advantage is that you can use Mercado Crédito for your payments with Mercado Pago, so you can make purchases on websites, pay with QR codes and bank slips, recharge and make purchases on Mercado Livre.

And in addition, you can receive a personal loan through your account to use as you wish, so you can apply online and receive the money instantly in your account.

Among other advantages, you also receive earnings every day and automatically, as the account yields 100% of CDI.

Among the disadvantages, you have only 10 deposits via bank slip per month, because after this number, you pay R$3.49 per deposit.

And in addition, the amount per withdrawal on the Banco24Horas network is R$5.90 per withdrawal and you pay 1.99% per fee when depositing with a Caixa card.

To make the account, you must install the application on your mobile device and follow the recommendations. So, click on the recommended content below to know more information about it.