Fiat Payment Methods
Fiat payment methods, or local payment rails, are the systems and infrastructure used to transfer traditional (fiat) currency between bank accounts.
For now, UnblockPay currently enables payouts to Brazilian and Mexican bank accounts. We support the below fiat payment methods:
๐ง๐ท Brazil
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Supported local payment rail: Pix
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Description: Pix is a Brazilian instant payment method, developed by Brazil's Central Bank, that allows money to be transferred between accounts in just a few seconds.
๐ฒ๐ฝ Mexico
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Supported local payment rail: SPEIยฎ network (Sistema de Pagos Electrรณnicos Interbancarios)
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Description: Mexico real-time electronic payment system that facilitates instant and secure transfers between bank accounts, enabling almost immediate processing of payments.
๐บ๐ธ United States
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Supported local payment rail: US Domestic Wire
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Description: US Domestic Wire is an electronic method for transferring funds directly from one bank account to another within the United States. It's a secure and reliable way to send large sums of money quickly.
๐ช๐บ Europe
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Supported local payment rail: SEPA (Single Euro Payments Area)
Description: A pan-European payment network that enables fast, reliable, and standardized euro-denominated bank transfers between accounts in SEPA-participating countries, typically processed within one business day.
๐ฆ๐ท Argentina (soon)
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Local payment rail: Transferencias 3.0
๐จ๐ด Colombia (soon)
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Supported local payment rail: ACH