Receive Money from the UK — Spend It Instantly
Someone in the UK sends you pounds. You spend pesos or reais in seconds — via MercadoPago or PIX. No fees. No DNI or CPF needed.
Receive Money from the United Kingdom and Spend Locally in Seconds
When someone in the UK sends you money through Peanut, you do not wait days for a bank transfer to clear. The funds arrive in your account instantly — Peanut-to-Peanut transfers take milliseconds. From there, you scan a Mercado Pago QR code at any merchant in Argentina or pay with PIX anywhere in Brazil.
The UK sender deposits via SEPA bank transfer (free, 90% arrive in under 20 minutes) if they hold a euro-denominated account, or sends digital dollars from a UK exchange on Solana or Arbitrum. Once the money reaches your Peanut account, it converts at the cripto dólar rate — 5-10% more pesos per pound than what traditional services deliver through the regulated MEP rate. No fees on either side. No DNI or CPF required to receive or spend.
How to Receive Money from the UK
- 1
Sign up on Peanut
Create your account and verify with a passport or national ID card from any country. No DNI or CPF needed. Takes under 2 minutes.
- 2
Share your details with the sender
The person in the UK creates their own Peanut account and sends money to you. They can deposit via SEPA (if they have a euro account) or send digital dollars from any exchange.
- 3
Receive the money instantly
Peanut-to-Peanut transfers arrive in milliseconds. The balance appears in your account the moment the sender confirms.
- 4
Spend locally
Scan a Mercado Pago QR at 1,000,000+ merchants in Argentina, pay via PIX at virtually any merchant in Brazil, 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. The rate locks at the moment you pay.
Bank transfer — Move funds to a local Argentine bank account for rent, bills, or savings.
In Brazil
PIX — Pay at restaurants, supermarkets, gas stations, ride-hailing apps, hotels, and street vendors. PIX is instant, works 24/7/365, and is used by over 150 million people in Brazil.
Bank transfer — Withdraw to a Brazilian bank account when needed.
How Much Does It Cost?
Zero fees. Receiving money is free. Spending via Mercado Pago or PIX is free. Bank transfers are free.
The exchange rate makes the real difference. In Argentina, Peanut uses the cripto dólar rate — roughly 5-10% better than the MEP rate used by Wise and credit cards for the EUR-to-ARS corridor. In Brazil, Peanut's digital-dollar-based flow avoids the Tax on Financial Operations (IOF), saving up to 3.5% on transfers.
| Service | Fee to Receiver | Exchange Rate | Speed |
|---|---|---|---|
| Peanut | Free | Cripto dólar (best) | Instant |
| Wise | Free (sender pays 0.4-1.5%) | MEP-equivalent (5-10% worse) | 1-2 days |
| PayPal | 0-5% withdrawal fee | Unfavorable markup | 1-3 days |
| Western Union | Pickup fee varies | 5-10% rate markup | Hours to days |
See the full breakdown on the pricing page.
FAQ
How do I receive money from the UK with Peanut?+
Sign up on Peanut and verify with any passport or national ID — no DNI or CPF needed. The sender in the UK creates their Peanut account, deposits via SEPA or digital dollars, and sends to you. Money arrives instantly. Spend via Mercado Pago, PIX, or bank transfer.
Do I need a DNI or CPF to receive money?+
No. A passport or national ID card from any country is sufficient. You do not need Argentine or Brazilian identity documents to verify your Peanut account or access any spending features.
How long does it take to receive money from the UK?+
Peanut-to-Peanut transfers are always instant. The total time depends on how the sender funds their account: SEPA deposits land in under 20 minutes for 90% of users, digital dollar deposits arrive in minutes. Once funds are in your account, spending via Mercado Pago or PIX is instant.
Are there fees for receiving money?+
No fees at all. Receiving is free. Spending via Mercado Pago or PIX is free. Bank transfers are free.
What can I do with the money once it arrives?+
In Argentina: scan Mercado Pago QR codes at 1,000,000+ merchants or transfer to a local bank. In Brazil: pay via PIX at virtually any merchant or withdraw to a bank account. Everything is available immediately.
