- It will allow micro-business to receive PIX transactions without paying for it;
- Before, these sellers had 30 purchases at no cost and then were charged 0.99% of the sale value.
Mercado Pago, the payment arm of Latin America’s e-commerce giant Mercado Libre, has zeroed out the PIX (Brazil’s instant payments system backed by the Central Bank) fee for small businesses, first noticed Valor Investe.
It will allow micro-business to receive PIX transactions without paying for it. Before, these sellers had 30 purchases at no cost and then were charged 0.99% of the sale value. PIX is free only for individuals.
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The fee exemption benefits Mercado Pago sellers who receive payments via PIX through POS or QR Code system offered by the fintech.
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Even though the change creates a revenue loss for Mercado Pago, the company believes it will be compensated as sellers use other services of the company.
