Understanding the error distribution of satellite precipitation products is conducive to obtaining accurate precipitation data, which is a very important input parameter in hydrological models and climate models. The error characteristics of Integrated Multi-satellite Retrievals for Global Precipitation Measurement (IMERG) and Global Satellite Mapping of Precipitation (GSMaP) uncalibrated products on quasi-global land and six continents are evaluated, and the effects of latitude, elevation, and season on satellite precipitation product accuracy are analyzed. In order to be consistent with the Climate Prediction Center (CPC), the selected products are resampled at 0.5° and daily resolutions from 1 January 2015 to 31 August 2018. We find out that (1) GSMaP performs worse than IMERG mainly due to systematic errors and poor performance at high latitudes; (2) overestimation is obvious in high latitude areas of the northern hemisphere and also in areas with low rainfall intensity; (3) IMERG and GSMaP show good performance in summer and poor performance in winter; (4) where elevation is lower than 1500 m, the error metrics are highly correlated with the elevation; (5) the correlation coefficient is relatively high in areas with high rainfall, and the dispersion of satellite data and gauge data is also high. IMERG is a high-quality satellite precipitation product in the GPM era, but some uncertainties mentioned above are still worthy of attention by product developers and users.