Receive Money from Spain — Spend It Instantly
Someone in Spain sends you euros. You spend pesos or reais in seconds — via MercadoPago or PIX. No fees. No DNI or CPF needed.
Receive Money from Spain and Spend Locally in Seconds
Spain and Argentina share deep cultural and linguistic ties, making this one of the busiest European corridors for money transfers. When someone in Spain sends you money through Peanut, the funds arrive instantly — Peanut-to-Peanut transfers take milliseconds. You then spend via Mercado Pago QR in Argentina or PIX in Brazil, at the cripto dólar rate — roughly 5-10% more pesos per euro than what traditional bank transfers deliver.
The sender in Spain deposits via SEPA bank transfer from any Spanish bank — free, with 90% of deposits arriving in under 20 minutes. Under the EU Instant Payments Regulation, Spanish banks support SEPA Instant, making deposits even faster. No fees on either side. No DNI (Argentina) or CPF (Brazil) needed to receive or spend.
How to Receive Money from Spain
- 1
Sign up on Peanut
Create your account and verify with a passport or national ID card from any country. No Argentine DNI or Brazilian CPF needed. Takes under 2 minutes.
- 2
Share your details with the sender
The person in Spain creates their own Peanut account and sends money to you. They deposit via SEPA bank transfer from any Spanish bank — free and fast.
- 3
Receive the money instantly
Peanut-to-Peanut transfers arrive in milliseconds. Your balance updates the moment the sender confirms.
- 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 a local bank account.
What You Can Do With the Money
In Argentina
Mercado Pago QR — Scan at supermarkets (Carrefour, Dia, Coto, Jumbo), restaurants, cafes, kiosks, pharmacies, and over 1,000,000 merchants nationwide. The merchant sees a normal Mercado Pago payment. Your euros convert at the cripto dólar rate at the moment of payment — no slippage.
Cash withdrawal — Generate a QR in the Peanut app and withdraw pesos from Red ATMs. Available 24/7 in Buenos Aires, Cordoba, Mendoza, Rosario, and other cities. Free from Peanut (ATM operator may charge a small fee).
Bank transfer — Move funds to a local Argentine bank account for rent, bills, or other needs.
In Brazil
PIX — Scan a PIX QR code at restaurants, supermarkets, gas stations, hotels, and street vendors. PIX is instant, 24/7/365, used by over 150 million people.
Bank transfer — Withdraw to a Brazilian bank account when needed.
How Much Does It Cost?
No fees on any step. Receiving, spending, cash withdrawals, and bank transfers are all free from Peanut.
The exchange rate is where Peanut delivers the biggest advantage. For the EUR-to-ARS corridor, Peanut converts through the cripto dólar rate — approximately 5-10% better than the MEP rate used by Wise and credit cards. The sender's euros convert to digital dollars (50bps provider fee) and then directly to pesos at the market rate. Even after the conversion steps, the effective rate beats traditional services by a wide margin.
For Brazil, Peanut avoids the IOF tax (up to 3.5% on outbound transfers), since the digital-dollar-based flow is not subject to IOF legislation.
Visit the pricing page for full details.
