Fiat Payment Methods
Fiat payment methods, or local payment rails, are the systems used to move traditional (fiat) currency between bank accounts. UnblockPay connects these rails to stablecoins, so you can receive fiat and settle in stablecoins (Pay In), or send stablecoins and deliver fiat to a bank account (Payout).
Coverage
| Currency | Rail | Pay In | Payout | Coverage |
|---|---|---|---|---|
| 🇧🇷 BRL | Pix | ✓ | ✓ | Brazil |
| 🇲🇽 MXN | SPEI | ✓ | ✓ | Mexico |
| 🇦🇷 ARS | Transfers 3.0 | - | ✓ | Argentina |
| 🇺🇸 USD | ACH | ✓ Virtual Account | ✓ | United States |
| 🇺🇸 USD | Domestic Wire | ✓ Virtual Account | ✓ | United States |
| 🌎 USD | SWIFT | ✓ Virtual Account | ✓ | International |
| 🇪🇺 EUR | SEPA | ✓ Virtual Account | ✓ | SEPA countries |
| 🇨🇴 COP | Coming soon | - | - | Colombia |
How Pay In works per rail
UnblockPay offers two Pay In models, and the rail determines which one applies.
Standard Pay In is used for Pix and SPEI. You create a Pay In for a specific amount, and UnblockPay returns the payment instructions your customer uses to send the funds. See Create a Pay In.
Virtual Account Pay In is used for ACH, Domestic Wire, SWIFT and SEPA. Each customer receives dedicated bank account details, and every deposit received on that account automatically generates a Pay In transaction. See Virtual Accounts.
🇧🇷 Brazilian Real (BRL)
- 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.
🇲🇽 Mexican Peso (MXN)
- SPEI® network (Sistema de Pagos Electrónicos Interbancarios): Mexico real-time electronic payment system that facilitates instant and secure transfers between bank accounts, enabling almost immediate processing of payments.
🇦🇷 Argentine Peso (ARS)
- CVU (Clave Virtual Uniforme): Argentina's virtual account system, enabling transfers between bank accounts and digital wallets through the Transferencias 3.0 infrastructure.
🇺🇸 US Dollar (USD)
USD is available over three rails. Use ACH for recurring and high-volume transfers at lower cost, Domestic Wire for high-value transfers that need same-day settlement within the US, and SWIFT when the bank account is outside the United States.
- ACH (Automated Clearing House): the US batch-based network for domestic bank transfers. It is the most cost-efficient USD rail, typically settling within one to three business days.
- 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.
- SWIFT: The international messaging network used for cross-border bank transfers. Through SWIFT, UnblockPay can receive USD from bank accounts outside the United States. Only USD is supported over SWIFT.
🇪🇺 Euro (EUR)
- SEPA (Single Euro Payments Area): 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.
🇨🇴 Colombian Peso (COP)
Coming soon.
