Receive Money from Brazil

Receive Money from Brazil

No. Peanut accepts passport or national ID verification from any country. You do not need a CPF (Cadastro de Pessoas Fisicas), a Brazilian bank account, or any local documentation. Most Brazilian financial services — including banks, fintechs, and Pix-enabled apps — require a CPF. Foreigners can obtain one, but the process means visiting a Receita Federal office or Brazilian consulate. Peanut removes that barrier entirely: verify with your passport in under 2 minutes and access Pix immediately. Full functionality from day one.

Peanut converts digital dollars to reais at the **market rate** — the direct conversion rate that does not go through regulated channels. The primary advantage in Brazil is **IOF savings**: traditional transfers into and out of Brazil are subject to a tax on financial operations (0.38% inbound, up to 3.5% outbound). Peanut's digital dollar flow is not covered by IOF legislation, so this tax does not apply. The rate locks when you confirm the payment. What you see is what you pay — no slippage, no post-transaction adjustments.

Anywhere Pix is accepted — which is virtually everywhere in Brazil. Over 150 million people use Pix. It works at: - Restaurants and cafes - Supermarkets and grocery stores - Gas stations - Online stores - Ride-hailing apps (Uber, 99) - Hotels and hostels - Street vendors and markets If you see a Pix QR code, Peanut works there. Payments settle instantly, 24/7/365 — including weekends and holidays.

The IOF (Imposto sobre Operacoes Financeiras) applies to traditional cross-border financial transactions — bank transfers, credit card foreign transactions, and remittance services. The tax ranges from 0.38% on inbound transfers to up to 3.5% on outbound transfers. Peanut converts digital dollars to reais directly. This type of transaction is not covered by IOF legislation (as of mid-2025), so the tax does not apply. You get the market rate without the IOF surcharge. This is Peanut's primary cost advantage in Brazil — IOF savings, not exchange rate arbitrage.

It depends on the comparison. **Peanut-to-Peanut transfers (between Peanut accounts) are always instant** — milliseconds. Sending money to someone who also has Peanut is an internal ledger update. **Peanut-to-Pix payments are instant** because Pix itself is an instant payment network. The merchant or recipient receives reais in seconds, 24/7/365. **Comparison to alternatives:** - Wise bank transfers to Brazil: 1-2 business days - Western Union to Brazil: hours to 1-3 days depending on delivery method - Peanut via Pix: instant The speed advantage comes from Pix being an instant network. Peanut is the service that gives foreigners access to that instant network without a CPF.

Peanut charges **no fees** on deposits, Pix payments, or withdrawals. The exchange rate is the rate — there is no separate fee line. All network gas fees are covered by Peanut. Bank deposits via SEPA, ACH, and wire are free on Peanut's end (your bank may charge for outgoing wires). There is no minimum balance, no monthly fee, and no account closure fee.

Yes. Create a **Peanut Link** — a one-time payment link you share via WhatsApp, text, email, or any messaging app. The recipient clicks the link, sees the amount, and can claim it by: - Creating a Peanut account (instant) - Withdrawing to their Pix account (instant) - Withdrawing to their Brazilian bank account They receive reais at the market rate with no IOF. No app required on their end if they just want to cash out.