How to cash in euros from abroad

It is possible to receive your income from abroad and add it to your belo wallet to store it, swap it or use it with your card.

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Written by belo
Updated over a week ago

Now it is simpler and cheaper to cash your income from abroad 🌎.

You may receive payments directly into your belo account and add the funds to your wallet to manage them as you wish: store them, exchange them or use them with your card if you created your account with an Argentinian ID.

What kind of payments can be received? 🏦

  • 🇪🇺 Euros, via SEPA transfers

  • ⌛️ Coming soon: US dollars, via SWIFT and ACH transfers.

This functionality only allows you to charge companies abroad. It is not possible to make transfers from accounts under your name. The minimum amount for your transfers is 100 USD. If you do not meet this condition, the transaction may be returned to origin and the cost of the reversal will be debited from the amount sent.

How long does it take to get paid from abroad? ⌛️

The crediting process can take between 1 and 4 business days.

The balances are automatically converted to USDC when credited to your wallet, so you can store them, exchange them, or use them with your card in your everyday purchases if your account was created with Argentinian ID.

Costs 💰

When you receive a payment from abroad in your account, a 1.5% commission will be deducted. For example, when you create a charge in euros for the equivalent of 100 USDC, after the specified term, the amount of 98.5 USDC will be credited to your account.

The exchange rate at which the funds received are converted will be displayed on the screen before you confirm the transaction.

How to receive payments from abroad, step-by-step 👇

In the "Receive" section you will now find a new option: "Money from abroad".

By choosing "Transfer", you will need to enter your phone number. This information is required if this is the first time you are creating a payment from abroad, so that you can have an account to receive the payment in Euros.

After entering your phone number, you will be able to select the option "payment in Euros". The balances you receive will be credited in USDC within 1 to 2 business days ⌛️.

Afterwards, you must complete the information of the company that will make the payment. It is important that you do not own the account from which the transaction originates.

If this is the first time you receive a payment from abroad, you must wait up to one business day to access the information and share your account data. Once the verification is complete, you will never again have to face delays when entering payer data in payments from abroad ✅

The last required step to receive the money in your account is to share the data with the person or company in charge of the payment. By clicking on the "Share account details" button you can do this very simply. By incorporating the identifier in the payment description, the accreditation will be faster.

Once you get the money credited in your account, you will be able to store your USDC, swap them for other cryptocurrencies or use them directly with your card if you created your account with an Argentine ID 💳.

For any questions or concerns about this functionality, you can contact us through the app's chat or via email at [email protected].

belo does not provide financial information or recommendations. Please consult with proper professionals if you have any doubts. Trading cryptoassets involves certain risks. It is important that you read our Terms and Conditions.

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