Receive Money from Portugal — Spend It Instantly
Someone in Portugal sends you euros. You spend pesos or reais in seconds — via MercadoPago or PIX. No fees. No DNI or CPF needed.
Receive Money from Portugal and Spend Locally in Seconds
Portugal and Brazil share a language, colonial history, and one of the strongest European-to-Latin-America money corridors. Approximately 485,000 Brazilians live in Portugal, and Brazilian immigrants sent a record 414 million euros back to Brazil in 2024. When someone in Portugal sends you money through Peanut, the funds arrive instantly — spend via PIX in Brazil or Mercado Pago QR in Argentina, at a rate that beats traditional transfers.
The sender deposits via SEPA bank transfer from any Portuguese bank — free, with 90% arriving in under 20 minutes. No fees. No CPF or DNI required to receive or spend.
How to Receive Money from Portugal
- 1
Sign up on Peanut
Verify with a passport or national ID card. No Brazilian CPF or Argentine DNI needed. Under 2 minutes.
- 2
Share your details with the sender
The person in Portugal 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
Pay via PIX at virtually any merchant in Brazil, scan a Mercado Pago QR in Argentina, withdraw cash, or transfer to a local bank.
What You Can Do With the Money
In Brazil
PIX — Pay at restaurants, supermarkets, gas stations, ride-hailing apps, hotels, and street vendors. PIX is instant, 24/7/365, used by over 150 million people. The sender's euros convert at a rate that avoids the IOF tax.
Bank transfer — Withdraw to a Brazilian bank account.
In Argentina
Mercado Pago QR — Scan at over 1,000,000 merchants. Rate locks at the moment of payment.
Cash withdrawal — Red ATMs in Buenos Aires and other major cities. 24/7, free from Peanut.
Bank transfer — Move to a local Argentine bank account.
How Much Does It Cost?
No fees. For the Portugal-to-Brazil corridor, Peanut avoids the IOF tax — up to 3.5% on outbound transfers — since the digital-dollar-based flow is not subject to IOF legislation. For Argentina, the cripto dólar rate delivers approximately 5-10% more pesos per euro. See the pricing page.
