Mercado Pago lets users spend crypto through a Mastercard-branded card and offers built-in cashback on everyday purchases. It also periodically runs promotional campaigns with higher cashback rates on specific assets, though these are temporary and vary by promotion.
Mercado Pago is a crypto platform that offers a Mastercard-branded card tied to its digital account, letting users spend their account balance in reais for everyday purchases. Unlike straight crypto-spend cards, it doesn't convert crypto to fiat at checkout, instead it rewards spending with built-in cashback, plus occasional promotional campaigns offering higher rates on specific assets.
Mercado Pago
Limitations
No Direct Crypto Spend
Can't spend crypto directly, every purchase draws from your BRL account balance.
Low Base Rate
Standard cashback is just 1% on everyday spending; higher rates are tied to limited-time promotions.
Investment Account Required
Requires an existing MB investment account before you can even access the digital account and card.
Traditional Cashback vs Oobit Cashback
Traditional cashback programs are often limited in value and speed. The Oobit crypto card delivers a next-generation experience, instant, global, and crypto-native.
Oobit is built for users who want clear, predictable cashback on everyday crypto payments. Instead of relying on temporary promotions, Oobit rewards spending with a consistent cashback structure designed for frequent use. This makes it a practical alternative to platforms like Mercado, offering a modern crypto payment solution that prioritizes long-term reward value.
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