Mercado Pago launched a new function: now, the minors over 10 years can already count on the virtual wallet by Marcos Galperin. While their functions are more limited and the authorization of parents or a tutor is required to open the account, yes They can pay with QR, perform transfers and other operations.
So far, only those over 13 could have a payment market account. But now, those over 10 can already get their account on the platform, with some requirements.
Payment market enables children’s accounts since the age of 10
As reported from the platform, “If you are between 10 and 17 years old, you can have an account, with the authorization of your mother, father or tutor “. “The person authorizing you must have an account in Payment market or free market“They clarify.
And they detail what minors can do with their payment accounts payment:
- Pay with QR.
- Send and receive transfers.
- Invest and generate yields with your money from the age of 13.
- Recharge your cell phone and transport cards.
- Ask for a payment card for free.
- Make purchases in Mercado Libre.
Mercado Pago enabled accounts for minors since the age of 10
“When you turn 18, you can use all market services“They clarified.
They also stressed that minors must have the authorization of their parents or guardians. “When you are creating your account We are going to identify that you are a minor and we are going to ask you for the phone or e-mail of the Payment or Mercado Mercado free market, father or guardian. This person will receive an e-mail and a notification with your authorization request, “they emphasize.
“When you authorize you, you can start using your account. If you do not authorize you, you can ask for authorization from another person, whenever your mother, father or tutor,” they add.
And they also make a clarification for those who authorize: “When you authorize the account of a minor, you assume the role of account responsible and legal representative. You answer for the activities and movements that are made from the account, such as sending and receiving transfersmake investments that generate money yields, etc. As responsible, you can also access monthly summaries of the operations carried out from the account. “
“Once you assume the role, you do it until the person turns 18 or manages the change of account responsible,” they maintain from the page, and clarify that it is possible to change the account responsible: “You can change your account head by entering ‘Account responsible’, in the section ‘Your profile’. If you have money invested and is generating yields, be sure to disinterate it before making the change.”
How to access Rate 0 loans in Mercado Pago
The virtual wallet founded by Marcos Galperín, Mercado Pago, launched a New program that is aimed at small and medium merchantsin which they are will lend up to $ 10,000,000, at 0% rate. As explained from Payment marketcan be returned in 7, 14, 21 or 28 days. In addition, at the end of returning it, it can be requested again. The best thing is that the money is instantly deposited at the payment market and then can be withdrawn without costs to the bank account itself.
To be able to access these loans from $ 10,000,000the following minimum requirements must have been met during the last 2 months:
- “Sell more than $ 1,000 per month in Mercado Libre or Mercado Pago, For 2 consecutive months “
- “Have Good payment behaviorif you already had a loan with us “
- “Have Good reputation if you sell in Mercado Libre“
In addition, no commission is charged for withdrawing the money to the bank or paying the loan in advance.
To know if you have a loan available to request, you must enter the Mercado’s own payment account that you want to request it and go to the section “Loans“There will be the Available credits offers offered by Mercado Pago, in a personalized way, depending on the behavior of your business. When there is an offer ready to request, Mercado Pago will notify the user by means of e-mail or through the notifications in the Payment Market app.
