The virtual wallet allows users to make payments with the linked card and charges only a 6.99% commission
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Mercado Pago surprises with a new feature that allows users to make payments and transfers even without an available balance. The most used virtual wallet in Argentina now integrates a negative balance, backed by the linked credit card.
This tool promises to be more economical than financing through the bank and aims to facilitate urgent transactions, avoiding blocks and unnecessary costs for users.
La modificación llega luego de que Mercado Pago solicitara la licencia para operar como banco en Argentina
How negative balance works
Previously, users could only operate with available funds or by using cards directly. With this new feature, the app detects the lack of balance and automatically covers the transaction with the associated credit card.
The fee is a fixed 6.99%, which is added to the next credit card statement. The limit depends on the available quota on the card, not on Mercado Pago, which ensures flexibility according to each user.
Differences from Mercado Crédito
The negative balance is not a loan granted by Mercado Pago, but rather an automatic backup linked to the card. Unlike Mercado Crédito, which offers its own rates and terms, only the initial fee applies here.
El dinero en cuenta genera un rendimiento estimado del 26,2% TNA
However, if the total is not paid by the due date, the bank charges the usual financing interest.
Benefits of negative balance
Make urgent payments even without available funds
Take advantage of exclusive promotions that require transfers from the wallet
Avoid blocks on service payments or money transfers to third parties
More economical than financing directly with the bank
La billetera virtual que escapa a los controles de ARCA
Who can use it
It is only available for users with an associated and enabled credit card. Validation is automatic: if you try to pay without balance, the app covers the amount with the linked card without additional steps.
