Brazilian e-commerce has grown into a market worth tens of billions of dollars annually, and within the Mercado Libre ecosystem that drives much of that growth, consumers are already accustomed to paying with their Mercado Pago account. Pix holds the top spot in payment share in this market, but Mercado Pago maintains its own standing as an all-in-one method that handles wallet balance, saved cards, and installments from a single account.

It suits sellers running both a Mercado Libre store and their own site, retail merchants aiming for repeat-purchase conversion via saved payment information, and mid-to-high-priced product sellers who want to offer installment options inside the wallet. There's also an operational upside if you plan to expand into other Latin American countries such as Argentina or Mexico, since you can reuse the same method.

When a consumer selects Mercado Pago at checkout, they log into their account and approve payment by choosing from wallet balance, a saved card, or installments (parcelamento). Saved payment information is delivered in tokenized form, so the merchant never handles the original card data. Hecto Financial receives the approved funds in BRL, converts them, and settles them in the contracted currency among USD, KRW, or JPY.

Through Hecto Financial's integration, merchants in Korea can consider adoption without a separate contract with Mercado Pago's Brazil operation. Since service scope for the same brand varies by country, if you're planning to enter other Latin American markets alongside Brazil, you should check the support terms for each country individually.

• Business registration country

  Confirm contract eligibility for merchants registered in Korea

• Sales channel

  The integration method and priorities differ depending on your online sales channel mix, such as your own site, open marketplaces, or mobile apps

• Product category

  Confirm in advance whether your category falls under restricted industries per Mercado Pago's operator merchant policy

• Local regulatory compliance

  Confirm compliance with Brazil's payment and foreign exchange regulations (see official sources below)

Funds paid by Brazilian consumers are received in BRL and, after conversion, paid into your Korean account in the currency specified in the contract among USD, KRW, or JPY. Refunds are processed as cancellations of the original Mercado Pago transaction and returned to the wallet balance or the original payment method, and posting a return/refund policy in Portuguese that reflects Brazil's CDC 7-day right-of-withdrawal rule is effective for preventing disputes.

• Central Bank of Brazil (Banco Central do Brasil)Official information on Brazil's payment systems and related regulations. If this page's content differs from the actual regulations, the official source takes precedence.