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.
In 2016 Q3 it surpassed MercadoLibre core marketplace Gross Merchandise Volume.
Last reported quarter 2019 Q1 it was $5,639.10 million, up by 35% year-over-year from $4,175.30 million. From $13,763.10 million in 2017 it increased by 34% to $18,455.90 million in 2018.
Source: MerchadoLibre Quarterly Results.