MercadoLibre runs MercadoPago, a safety payment system. When adding MercadoPago in its listings, sellers allow buyers to choose among many payment alternative methods such as cash, bank transfers and credit cards or installments, among others.
Most of these transactions occur for marketplace items sold, but 30% occur outside of it.
Last reported quarter 2021 Q1 it was 630.10 million, up by 117% year-over-year from 290.70 million. From 838 million in 2019 it increased by 128% to 1,914.50 million in 2020.
Source: MerchadoLibre Quarterly Results.