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USD ($)

USD ($) / shares
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   &lt;!-- Begin Block Tagged Note 15 - us-gaap:CommitmentsAndContingenciesDisclosureTextBlock--&gt;
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       &lt;td width="3%" nowrap="nowrap" align="left"&gt;&lt;b&gt;15.&lt;/b&gt;&lt;/td&gt;
       &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;
   &lt;div style="text-align: justify"&gt;&lt;b&gt;Commitments and Contingencies&lt;/b&gt;
   &lt;/div&gt;&lt;/td&gt;
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   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;&lt;b&gt;Litigation and Other Legal Matters&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;The Company has certain contingent liabilities with respect to existing or potential claims,
   lawsuits and other proceedings. The Company accrues liabilities when it considers probable that
   future costs will be incurred and such costs can be reasonably estimated. The
   proceeding-related reserve is based on developments to date and historical information related
   to actions filed against the Company. As of December&amp;#160;31, 2010, the Company had
   established reserves for proceeding-related contingencies of $1,489,079 to cover legal actions
   against the Company. As of December&amp;#160;31, 2010 no loss amount has been accrued for
   other legal actions considered by the Company&amp;#8217;s legal counsels to be reasonably possible for
   the aggregate amount up to $3,647,524.
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   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;As of December&amp;#160;31, 2010, 321 legal actions were pending in the Brazilian ordinary courts, 7 of
   which were related to alleged intellectual property infringement. In addition, as of December
   31, 2010, there were more than 1,408 cases still pending in Brazilian consumer courts. Filing
   and pursuing of an action before Brazilian consumer courts do not require the assistance of a
   lawyer. In most of the cases filed against the Company, the plaintiffs asserted that the
   Company was responsible for fraud committed against them, or responsible for damages suffered
   when purchasing an item on the Company&amp;#8217;s website, when using MercadoPago, or when the Company
   invoiced them.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;On March&amp;#160;17, 2006, Vintage Denim Ltda., or Vintage, sued the Company&amp;#8217;s Brazilian subsidiaries
   MercadoLivre.com Atividades de Internet Ltda. and eBazar.com.br Ltda. in the 29th Civil Court
   of the County of S&amp;#227;o Paulo, State of S&amp;#227;o Paulo, Brazil. Vintage requested a preliminary
   injunction alleging that these subsidiaries were infringing Diesel trademarks and their right
   of exclusive distribution as a result of sellers listing allegedly counterfeit and original
   imported Diesel branded clothing through the Brazilian page of the Company&amp;#8217;s website, based on
   Brazilian Industrial Property Law (Law 9,279/96). Vintage sought an order enjoining the sale of
   Diesel-branded clothing on the Company&amp;#8217;s platform. A preliminary injunction was granted on
   April&amp;#160;11, 2006 to prohibit the offer of Diesel-branded products, and a fine for non-compliance
   was imposed in the approximate amount of $5,300 per defendant per day of non-compliance. The
   Company appealed that fine and obtained its suspension in 2006. Because the appeal of the
   preliminary injunction failed, in March of 2007, Vintage presented petitions alleging the
   Company&amp;#8217;s non-compliance with the preliminary injunction granted to Vintage and requested a
   fine of approximately $3.3&amp;#160;million against the Company&amp;#8217;s subsidiaries, which represents
   approximately $5,300 per defendant per day of alleged non-compliance since April&amp;#160;2006. In July
   2007, the judge ordered the payment of the fine mandated in the preliminary injunction, without
   specifying the amount. In September&amp;#160;2007, the judge decided that (i)&amp;#160;the Brazilian subsidiaries
   were not responsible for alleged infringement of intellectual property rights by its users; and
   that (ii)&amp;#160;the plaintiffs did not prove the alleged infringement of its intellectual property
   rights. However, the decision maintained the injunction until such ruling is non-appealable.
   The plaintiff appealed the judge&amp;#8217;s ruling regarding the subsidiary&amp;#8217;s non-responsibility and the
   Company appealed the decision that maintained the preliminary injunction. Both appeals are
   still pending. In the opinion of the Company&amp;#8217;s legal counsel the probable loss amounts to
   253,571 and a remaining amount of 1,787,000 was not reserved since it was considered reasonably
   possible but not probable.
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   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;&lt;b&gt;State of S&amp;#227;o Paulo Fraud Claim&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;On June&amp;#160;12, 2007, a state prosecutor of the State of S&amp;#227;o Paulo, Brazil presented a claim
   against the Brazilian subsidiary. The state prosecutor alleges that the Brazilian subsidiary
   should be held liable for any fraud committed by sellers on the Brazilian version of the
   Company&amp;#8217;s website, or responsible for damages suffered by buyers when purchasing an item on the
   Brazilian version of the MercadoLibre website. On June&amp;#160;26, 2009, the Judge of the first
   instance court ruled in favor of the State of S&amp;#227;o Paulo prosecutor, declaring that the
   Brazilian subsidiary shall be held joint and severally liable for fraud committed by sellers
   and damages suffered by buyers when using the website, and ordering us to remove from the
   Terms of Service of the Brazilian website any provision limiting the Company&amp;#8217;s responsibility,
   with a penalty of approximately $2,500 per day of non-compliance. On June&amp;#160;29, 2009 the Company
   presented a recourse to the lower court. On September&amp;#160;29, 2009 the Company presented an appeal
   and requested to suspend the effects of the ruling issued by the lower court until the appeal
   is decided by State Court of Appeals, which request was granted on December, 1, 2009. The
   decision on the appeal is still pending. In the opinion of the Company&amp;#8217;s legal counsel the risk
   of loss is reasonably possible.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;&lt;b&gt;City of S&amp;#227;o Paulo Tax Claim&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;On September&amp;#160;13, 2007, the Company paid to tax authorities in S&amp;#227;o Paulo, Brazil approximately
   $1.1&amp;#160;million, consisting of $1.0&amp;#160;million in accrued taxes and $0.1&amp;#160;million in fines, related to
   the Brazilian subsidiary&amp;#8217;s activities in S&amp;#227;o Paulo for the period 2002 through 2004. The
   Company had reserved approximately $1.1&amp;#160;million against these taxes as of December&amp;#160;31, 2006 so
   no additional provision was recorded for the payment. S&amp;#227;o Paulo tax authorities have also
   asserted taxes and fines against us relating to the period from 2005 to 2007 in an approximate
   additional amount of $5.9&amp;#160;million according to the exchange rate at that moment. In January
   2005, the Brazilian subsidiary had moved its operations to Santana de Parna&amp;#237;ba City, Brazil and
   began paying taxes to that jurisdiction, therefore the Company believes it has strong defenses
   to the claims of the S&amp;#227;o Paulo authorities with respect to this period. As of the date of these
   financial statements, the Company believes that the risk of loss for this period is remote, and
   as a result, has not reserved provisions for this claim. On August&amp;#160;31, 2007, the Company
   presented administrative defenses against the authorities&amp;#8217; claim; however, their response is
   still pending. On September, 12, 2009 the tax authorities ruled against the Brazilian
   subsidiary. On October&amp;#160;13, 2009, the Company presented an appeal to the Conselho Municipal de
   Tributos or Sao Paulo Municipal Council of Taxes. On January&amp;#160;19, 2011, Sao Paulo Municipal
   Council of Taxes ruled our appeal and reduced the fine to approximately $4.7 million. The
   Company will appeal this decision. As of the date of these financial statements, the total
   amount of the claim is approximately $14.7&amp;#160;million including surcharges and interest. In the
   opinion of the Company&amp;#8217;s legal advisors, it is
   unlikely and remote that the resolution of this matter could have a material negative effect on
   the Company&amp;#8217;s results of operations and for the Company&amp;#8217;s financial position.
   &lt;/div&gt;
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   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;Other third parties have from time to time claimed, and others may claim in the future, that
   the Company was responsible for fraud committed against them, or that the Company has infringed
   their intellectual property rights. The underlying laws with respect to the potential liability
   of online intermediaries like the Company are unclear in the jurisdictions where the Company
   operates. Management believes that additional lawsuits alleging that the Company has violated
   copyright or trademark laws will be filed against the Company in the future.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;Intellectual property and regulatory claims, whether meritorious or not, are time consuming and
   costly to resolve, require significant amounts of management time, could require expensive
   changes in the Company&amp;#8217;s methods of doing business, or could require the Company to enter into
   costly royalty or licensing agreements. The Company may be subject to patent disputes, and be
   subject to patent infringement claims as the Company&amp;#8217;s services expand in scope and complexity.
   In particular, the Company may face additional patent infringement claims involving various
   aspects of the Payments businesses.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;From time to time, the Company is involved in other disputes or regulatory inquiries that arise
   in the ordinary course of business. The number and significance of these disputes and inquiries
   are increasing as the Company&amp;#8217;s business expands and the Company grows larger.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;&lt;b&gt;Litigation after December&amp;#160;31, 2010&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;After December&amp;#160;31, 2010 and up to the date of issuance of these consolidated financial
   statements, the Company was sued in 265 cases in ordinary courts (all of which correspond to the
   Brazilian subsidiary) and 299 new cases in consumer courts (230 of which correspond to the
   Brazilian subsidiary). No loss amount has been accrued in connection with these actions because
   a loss is not considered probable. However these actions are unlikely and remote that could
   have a material negative effect on the Company&amp;#8217;s results of operations and financial position.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;&lt;b&gt;Other contingencies&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;As of December&amp;#160;31, 2010 the Company had reserved $159,455 against some tax contingencies (other
   than income tax) identified in some of its subsidiaries.
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   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;&lt;b&gt;Other Commitments&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;On June&amp;#160;19, 2008, the Company&amp;#8217;s Argentine subsidiary agreed to
   participate in a real estate trust for the construction of an office
   building located in the City of Buenos Aires, buying 5,340 square
   meters divided into 5 floors and 70 parking spaces, where the
   Company moved its headquarters and Argentine operation
   offices in February 2011. As of December&amp;#160;31, 2010, the Argentine subsidiary has
   invested $8,854,879 and has invested an additional $138,883 in
   January&amp;#160;2011. Since August&amp;#160;31, 2010, this investment is accounted
   for as &amp;#8220;Property and Equipment&amp;#8221;. See Note 2 &amp;#8220;Property and equipment,
   net&amp;#8221;, for more detail.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;&lt;b&gt;Leases&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;The Company has leases for office space in the various countries it operates in. Total rental
   expense amounted to approximately $2,388,445, $2,363,566, and $1,735,791 for the years ended
   December&amp;#160;31, 2010, 2009 and 2008, respectively.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;Minimum remaining annual commitments under the non-cancelable operating leases are as follows:
   &lt;/div&gt;
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       &lt;td width="86%"&gt;&amp;#160;&lt;/td&gt;
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       &lt;td width="1%"&gt;&amp;#160;&lt;/td&gt;
       &lt;td width="9%"&gt;&amp;#160;&lt;/td&gt;
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   &lt;div style="margin-left:15px; text-indent:-15px"&gt;For the year ended December&amp;#160;31, 2011
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td align="right"&gt;1,678,641&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
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   &lt;div style="margin-left:15px; text-indent:-15px"&gt;For the year ended December&amp;#160;31, 2012
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td align="right"&gt;931,981&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
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   &lt;tr valign="bottom" style="background: #cceeff"&gt;
       &lt;td&gt;
   &lt;div style="margin-left:15px; text-indent:-15px"&gt;For the year ended December&amp;#160;31, 2013
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td align="right"&gt;896,485&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
   &lt;/tr&gt;
   &lt;tr valign="bottom"&gt;
       &lt;td&gt;
   &lt;div style="margin-left:15px; text-indent:-15px"&gt;For the year ended December&amp;#160;31, 2014
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td align="right"&gt;535,685&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
   &lt;/tr&gt;
   &lt;tr valign="bottom" style="background: #cceeff"&gt;
       &lt;td&gt;
   &lt;div style="margin-left:15px; text-indent:-15px"&gt;Thereafter
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td align="right"&gt;247,753&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
   &lt;/tr&gt;
   &lt;tr style="font-size: 1px"&gt;
       &lt;td&gt;
   &lt;div style="margin-left:15px; text-indent:-15px"&gt;&amp;#160;
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
   &lt;/tr&gt;
   &lt;tr valign="bottom"&gt;
       &lt;td&gt;
   &lt;div style="margin-left:15px; text-indent:-15px"&gt;&amp;#160;
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td align="left"&gt;$&lt;/td&gt;
       &lt;td align="right"&gt;4,290,545&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
   &lt;/tr&gt;
   &lt;tr style="font-size: 1px"&gt;
       &lt;td&gt;
   &lt;div style="margin-left:15px; text-indent:-15px"&gt;&amp;#160;
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
   &lt;/tr&gt;
   &lt;!-- End Table Body --&gt;
   &lt;/table&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;On February&amp;#160;22, 2010, our Argentina subsidiary signed a car lease contract to buy 12
   cars for certain employees. The remaining liability related to this lease contract amounts to
   $288,877 and matures in July&amp;#160;2013.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;&lt;b&gt;Employment Contracts&lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;Each of the executive officers of the Company are a party to individual employment agreements
   that provide for annual base estimated salaries aggregating approximately $1,200,000 per year,
   a performance based estimated bonus aggregating to approximately $1,200,000 per year, and some
   fringe benefits. The employment agreements automatically renew annually, if not terminated by
   either party. Each agreement includes clauses that provide in the event of employment
   termination without cause, the Company must pay the employee 12&amp;#160;months of base salary.
   &lt;/div&gt;
   &lt;!-- Folio --&gt;
   &lt;!-- /Folio --&gt;
   &lt;/div&gt;
   &lt;!-- PAGEBREAK --&gt;
   &lt;div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 0pt"&gt;
   &lt;b&gt;
   &lt;/b&gt;
   &lt;/div&gt;
   &lt;div style="margin-top: 0pt"&gt;
   &lt;table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"&gt;
   &lt;tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"&gt;
   &lt;td width="3%" nowrap="nowrap" align="left"&gt;
   &lt;b&gt;
   &lt;/b&gt;
   &lt;/td&gt;
   &lt;td width="1%"&gt;&lt;/td&gt;
   &lt;td&gt;
   &lt;div style="text-align: justify"&gt;
   &lt;b&gt;
   &lt;/b&gt;
   &lt;/div&gt;
   &lt;/td&gt;
   &lt;/tr&gt;
   &lt;/table&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 0pt; margin-left: 4%"&gt;
   &lt;b&gt;
   &lt;/b&gt;
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%"&gt;Additionally, the executive officers of the Company are included in the Long Term Retention
   Plans mentioned in Note 17. Under the 2008 Plan the executive officers of the Company will
   receive approximately $334,585 and 6,373 shares in a period of 1&amp;#160;year and 3&amp;#160;months. In
   addition, under the 2009 Plan the executive officers of the Company will receive approximately
   $2,722,629 in a period of 6&amp;#160;years and 3&amp;#160;months. Under the 2010 Plan the executive officers of
   the Company will receive approximately $5,310,130 in a period of 7&amp;#160;years and 3&amp;#160;months.
   &lt;/div&gt;
   &lt;/div&gt;
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 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
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