Receive Money from Italy — Spend It Instantly
Someone in Italy sends you euros. You spend pesos or reais in seconds — via MercadoPago or PIX. No fees. No DNI or CPF needed.
Receive Money from Italy and Spend Locally in Seconds
Italy and Argentina share deep historical bonds — an estimated 20-25 million Argentines (about half the population) have Italian ancestry. That makes this one of the most active European-to-Latin-America money transfer corridors. When someone in Italy sends you money through Peanut, the funds arrive instantly. You spend via Mercado Pago QR in Argentina or PIX in Brazil, at the cripto dólar rate — roughly 5-10% more pesos per euro than traditional transfers.
The sender deposits via SEPA bank transfer from any Italian bank — free, with 90% arriving in under 20 minutes. No fees on either side. No local ID required.
How to Receive Money from Italy
- 1
Sign up on Peanut
Verify with a passport or national ID card. No Argentine DNI or Brazilian CPF needed. Under 2 minutes.
- 2
Share your details with the sender
The person in Italy creates a Peanut account and deposits via SEPA bank transfer — free and fast.
- 3
Receive the money instantly
Peanut-to-Peanut transfers arrive in milliseconds.
- 4
Spend locally
Scan a Mercado Pago QR at 1,000,000+ merchants in Argentina, pay via PIX in Brazil, withdraw cash from Red ATMs, or transfer to bank.
What You Can Do With the Money
In Argentina
Mercado Pago QR — Pay at supermarkets, restaurants, cafes, kiosks, pharmacies, and over 1,000,000 merchants. Rate locks at moment of payment.
Cash withdrawal — Red ATMs in Buenos Aires, Cordoba, Mendoza, and other cities. 24/7, free from Peanut.
Bank transfer — Move funds to a local Argentine bank account.
In Brazil
PIX — Pay at virtually any merchant. Instant, 24/7/365.
Bank transfer — Withdraw to a Brazilian bank account.
How Much Does It Cost?
No fees. For the EUR-to-ARS corridor, Peanut converts through the cripto dólar rate — approximately 5-10% better than the MEP rate. For Brazil, the flow avoids the IOF tax (up to 3.5%). See the pricing page for details.
