MercadoLibre SA engages in online commerce platform businesses. It operates into geographical segments: Brazil, Argentina, Mexico, Venezuela and others. The company provides e-commerce and relate services. It provides users a mechanism for buying, selling and paying as well as collecting, generating leads and comparing lists through e-commerce transactions. It also offers services such as MercadoLibre marketplace, MercadoPago payments solution, MercadoClics advertising program and MercedoShops for on-line stores solutions. MercadoLibre marketplace allows businesses and individuals to list items and conduct their sales and purchases online. MercadoPago payments solution manages transactions online. MercadoClics allows advertisers to display or text advertisements to promote their brands and services. MercedoShops provides opportunities to set-up, manage and promote their on-line stores. The company was founded by Marcos Galperín on October 15, 1999 and is headquartered in Buenos Aires, Argentina.