MercadoLibre runs MercadoPago, a safety payment system. When adding MercadoPago in its listings, sellers allow buyers to choose among many payment alternative methods such as cash, bank transfers and credit cards or installments, among others.
In 2016 Q3 it surpassed MercadoLibre core marketplace Gross Merchandise Volume.
Last reported quarter 2017 Q3 it was $3,667.10 million, up by 73% from $2,114.00 million the same quarter a year before.
Since 2015 it increased by 50%, from $5,184.10 million to $7,753.80 million in 2016.
Source: MerchadoLibre Quarterly Results.