Your Family Should Receive Every Dollar You Send
You send money to family in Argentina or Brazil because they depend on it. But remittance fees and bad exchange rates eat into the amount. Your family gets less, and there is nothing you can do about it — until now.
Your Family Should Receive Every Dollar You Send
You send money to family in Argentina or Brazil because they depend on it. But every time you transfer, remittance fees and bad exchange rates eat into the amount. You send $500, and they receive the equivalent of $420. The transfer takes days. The fees are not transparent. Your family gets less, and there is nothing you can do about it — until now.
The Problem: Remittance Fees and Bad Rates Steal from Your Family
Every traditional option for sending money to Latin America takes a cut. Some are transparent about it. Most are not.
Western Union and MoneyGram
Western Union and MoneyGram charge flat fees per transfer — typically $5-$25 depending on the amount and speed. But the real cost is in the exchange rate. They apply their own markup, often 3-6% worse than the market rate. On a $500 transfer, that hidden markup costs $15-$30 on top of the flat fee. Total loss: $20-$55 per transfer. They also require physical pickup in many cases, meaning your family member has to travel to an agent location.
Bank Wire Transfers
International wires cost $25-$80 per transfer. They take 2-5 business days. The receiving bank in Argentina or Brazil adds its own exchange rate markup. In Argentina, banks convert at the official rate — 20-25% worse than the market rate. Your family loses hundreds of dollars on a single transfer.
PayPal
PayPal charges 3-4% on cross-border transactions. Your family member needs a PayPal account, and withdrawing to a local bank account adds more fees and delays. PayPal does not deposit into Mercado Pago or Pix.
Wise
Wise is cheaper than most alternatives, but in Argentina it converts at the MEP rate — approximately 5-8% worse than the real market rate (estimate, as of 2026). On a $500 transfer, your family receives $25-$40 less than they should.
The Core Problem
Every traditional option takes a percentage. Your family waits days. They receive less than you sent. And the fees are often hidden in the exchange rate, so you never know exactly how much is being lost.
How Peanut Solves This
Peanut lets you send money to anyone in Argentina or Brazil. Your family receives local currency — in Mercado Pago, via Pix, or as cash from an ATM — instantly, at the real market rate, with no fees.
-
Real market rate. Peanut converts digital dollars to local currency at the cripto dolar rate. In Argentina, that is approximately 5-8% better than the MEP rate Wise uses (estimate, as of 2026), and far better than Western Union or bank rates. Your family gets more pesos for every dollar you send.
-
No fees. Deposits are free. Sending money is free. No flat fees, no percentage-based charges. What you send is what they receive.
-
Instant delivery. Your family receives the money in seconds. Mercado Pago payments are instant. Pix is instant 24/7/365, including weekends and holidays. No 2-5 day wait.
-
No local ID required for the sender. Verify with your passport or national ID from any country. Verification takes under 2 minutes.
-
Your family receives money where it is useful. They get pesos in their Mercado Pago account, which they can spend at over 1,000,000 merchants. Or reais via Pix, accepted everywhere in Brazil. Or they can withdraw cash from Red ATMs.
Where It Works
Argentina
Sending money to family in Argentina is where the savings are largest. The gap between official bank rates and the real market rate means your family can receive significantly more pesos per dollar.
How your family receives the money:
- Into their Mercado Pago account — usable at 1,000,000+ merchants for groceries, bills, and daily expenses
- Cash withdrawal from Red ATMs in Buenos Aires, Cordoba, Mendoza, Rosario, Bariloche, Salta, and Ushuaia
Savings comparison on a $500 monthly transfer:
| Method | Family Receives (approx.) | Lost to Fees/Rate |
|---|---|---|
| Western Union | ~$440-$470 | $30-$60 |
| Bank wire | ~$375-$425 | $75-$125 |
| Wise | ~$460-$475 | $25-$40 |
| Peanut | ~$500 | No fees |
Over a year of monthly $500 transfers, the savings with Peanut add up to $300-$1,500 compared to traditional methods.
Brazil
Brazil's Pix network makes receiving money seamless — instant, 24/7, and spendable everywhere. With Peanut, your family receives reais via Pix without needing any special setup.
How your family receives the money:
- Instant Pix payment — over 150 million Pix users, accepted everywhere
- Available immediately, even on weekends and holidays
Rate advantage: Traditional remittances into Brazil are subject to IOF at 0.38% on inbound transfers. For money moving out of Brazil, IOF is up to 3.5%. Peanut is not subject to IOF, meaning your family keeps more of every transfer.
How to Get Started
- 1
Sign up for Peanut
Create your account to get started.
- 2
Verify your identity
Upload your passport or national ID card and take a selfie. Any nationality accepted. Under 2 minutes. Your documents are processed by a certified third-party provider — Peanut never sees or stores them.
- 3
Deposit funds
From Europe: send a SEPA bank transfer — free. From the US: ACH or wire. You can also deposit USDC or USDT from any wallet or exchange on Solana, Arbitrum, Base, Tron, or Ethereum. All deposits are free.
- 4
Send to your family
Enter the amount and your family member's details. They receive local currency in their Mercado Pago account, via Pix, or withdraw cash from an ATM — instantly.
FAQ
Disclaimer
The information on this page is for general informational purposes only and does not constitute tax, legal, or financial advice. Tax treatment of digital asset transactions varies by jurisdiction and may change. Consult a qualified professional for advice specific to your situation.
