Mercado Pago: what it is and how to create a reserve, the function offered by the virtual wallet to save money

Mercado Pago: what it is and how to create a reserve, the function offered by the virtual wallet to save money

October 19, 2024 – 1:30 p.m.

This feature allows users to organize their money in a better way. I know the details.

Payment MarketMercado Libre’s virtual wallet, offers its users different functions to improve your experience. Some of these are not so well known, or are not fully understood, which is why it is important to review the most important ones.

The “Reservations” function is ideal for those who they lose track of their income, allowing you to save more in the month in simple steps. Reservations have the function of configuring goals and achievementsso it also motivates you to save money. I know the details.

deposits investments savings fixed term

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Mercado Pago: how reservations work

Reservations are a tool to separate money and improve its organizationideal for those who lose track of their expenses. Silver will always be available and will continue generating returnswhich will be credited to the reservation itself. Therefore, it is only separated from the general money in the account. It can be found as follows:

  1. Access the app.
  2. Go to “More” or “See more” (the three horizontal stripes at the bottom left).
  3. Look for the “Reservations” section and click on it.

payment market

Immediate Debit (DEBIN) is a way to make money transfers to Mercado Pago accounts without leaving the app.

He Immediate debit (DEBIN) It is a way to transfer money to accounts Payment Market without leaving the app.

Payment Market

Mercado Pago: how to create a reservation

Once inside the tool, the following steps must be followed:

  1. Write the name of the reservation (for example, “Savings”, “Trip 2025” or whatever you prefer).
  2. Determine the amount of money to separate.
  3. Accept the operation.

Then, the indicated sum will be sent from the savings account to this section, and when spending money in Mercado Pago, the remaining amount in the account will be used without affecting the reservation.

Within this function you can schedule monthly reservations on a specific date. This way, if a user wants to separate a certain amount of money each time the salary is collected, they can configure it to be done automatically.

Source: Ambito

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