What is Mercado Pago and how does it work?

Mercado Pago is an online payment platform offered by MercadoLibre. It allows buyers and sellers to securely complete transactions on the platform. Users can link their bank account or credit card to their Mercado Pago account to make payments or receive funds. When making a purchase, users can select Mercado Pago as the payment method, and the funds are securely transferred from the buyer's account to the seller's account. Additionally, Mercado Pago offers a range of payment options including QR code payments, installments, and digital wallets. The platform also provides buyer protection by holding funds in escrow until the buyer confirms the satisfactory receipt of the product or service. Overall, Mercado Pago simplifies and secures the payment process for users on the MercadoLibre platform.