[{"data":1,"prerenderedAt":1041},["ShallowReactive",2],{"content-\u002Fresources\u002Fmore\u002Fpix-vs-spei":3,"resources-category-pix-vs-spei":687},{"id":4,"title":5,"authors":6,"body":7,"categories":6,"category":654,"categoryType":6,"compare":6,"contributors":6,"date":655,"description":656,"extension":657,"faq":658,"howto":6,"isBlog":677,"isChangelog":677,"meta":678,"navigation":680,"path":681,"pillar":677,"products":6,"rawbody":682,"role":6,"seo":683,"seoTitle":684,"stem":685,"thumbnail":6,"updated":655,"__hash__":686},"content\u002Fresources\u002Fmore\u002Fpix-vs-spei.md","Pix vs SPEI: how Brazil's and Mexico's instant payment rails compare",null,{"type":8,"value":9,"toc":641},"minimark",[10,14,17,23,42,56,61,64,77,89,93,96,251,262,266,269,275,287,292,296,299,308,329,337,345,349,352,361,369,373,376,414,422,426,429,519,523,526,557,561,564,572,634],[11,12,13],"p",{},"Pix and SPEI are the instant payment rails of Brazil and Mexico. Pix is run by the Banco Central do Brasil and pays reais; SPEI is run by Banco de México and pays pesos. Both run 24\u002F7 and settle in real time between institutions at the central bank. They differ in how recipients are addressed, how returns work, and how payment proof is issued.",[11,15,16],{},"For a company paying people in Latin America, these two rails do most of the work. If you pay out from stablecoins, they are the last leg after the conversion, and the leg the recipient actually sees.",[11,18,19],{},[20,21,22],"strong",{},"Key takeaways",[24,25,26,30,33,36,39],"ul",{},[27,28,29],"li",{},"Both rails run 24\u002F7, including weekends and holidays, so a Saturday payout can land on Saturday.",[27,31,32],{},"Pix addresses a recipient with a key (CPF, CNPJ, phone, email, or random key). SPEI uses an 18-digit CLABE, a debit card number, or a phone number.",[27,34,35],{},"Pix has formal return rules: recipient-initiated returns within 90 days and a fraud return mechanism (MED). SPEI returns happen when the receiving bank can't credit the account.",[27,37,38],{},"SPEI has a public proof of payment, the CEP from Banco de México. Pix proof comes from the institutions involved.",[27,40,41],{},"In a stablecoin payout, the rail is rarely the slow part. Bad recipient data and compliance holds are.",[11,43,44,45,50,51,55],{},"This page compares the rails themselves. For the specific fields to collect, see ",[46,47,49],"a",{"href":48},"\u002Fresources\u002Fmore\u002Fpix-key-cpf-clabe-payout-details","Pix keys, CPF, and CLABE payout details",". For where these rails sit in the full payment stack, start with ",[46,52,54],{"href":53},"\u002Fresources\u002Fmore\u002Fwhat-is-stablecoin-infrastructure","what stablecoin infrastructure is",".",[57,58,60],"h2",{"id":59},"what-are-pix-and-spei","What are Pix and SPEI?",[11,62,63],{},"Pix is Brazil's instant payment scheme and SPEI is Mexico's interbank electronic payment system. Both are central bank infrastructure that banks and other licensed institutions plug into.",[11,65,66,69,70,76],{},[20,67,68],{},"Pix"," is governed by the Pix regulation attached to ",[46,71,75],{"href":72,"rel":73},"https:\u002F\u002Fwww.bcb.gov.br\u002Festabilidadefinanceira\u002Fexibenormativo?tipo=Resolu%C3%A7%C3%A3o%20BCB&numero=1",[74],"nofollow","Resolution BCB No. 1 of August 12, 2020",". Payments settle in the SPI (Sistema de Pagamentos Instantâneos), which the regulation defines as a centralized real-time gross settlement infrastructure between participants holding an instant payments account at the Central Bank. Recipients are looked up through the DICT, the central directory that maps Pix keys to accounts.",[11,78,79,82,83,88],{},[20,80,81],{},"SPEI"," (Sistema de Pagos Electrónicos Interbancarios) is administered and operated by Banco de México. ",[46,84,87],{"href":85,"rel":86},"https:\u002F\u002Fwww.banxico.org.mx\u002Fservicios\u002Fspei_-informacion-banco-mex.html",[74],"Banxico describes it"," as a real-time settlement system that began operating on August 13, 2004 and runs on a 24\u002F7 scheme. Its rules are set out in Banxico's Circular 14\u002F2017.",[57,90,92],{"id":91},"how-do-pix-and-spei-compare-side-by-side","How do Pix and SPEI compare side by side?",[11,94,95],{},"Pix and SPEI are close on speed and hours. They differ most on addressing, returns, and proof of payment.",[97,98,99,115],"table",{},[100,101,102],"thead",{},[103,104,105,109,112],"tr",{},[106,107,108],"th",{},"Feature",[106,110,111],{},"Pix (Brazil)",[106,113,114],{},"SPEI (Mexico)",[116,117,118,130,141,152,163,174,185,196,207,218,229,240],"tbody",{},[103,119,120,124,127],{},[121,122,123],"td",{},"Operator",[121,125,126],{},"Banco Central do Brasil",[121,128,129],{},"Banco de México",[103,131,132,135,138],{},[121,133,134],{},"Currency",[121,136,137],{},"BRL",[121,139,140],{},"MXN",[103,142,143,146,149],{},[121,144,145],{},"Settlement",[121,147,148],{},"SPI, real-time gross settlement in central bank accounts",[121,150,151],{},"Real-time settlement at Banco de México",[103,153,154,157,160],{},[121,155,156],{},"Hours",[121,158,159],{},"24 hours a day, every day of the year",[121,161,162],{},"24\u002F7 scheme",[103,164,165,168,171],{},[121,166,167],{},"Speed",[121,169,170],{},"Real time by definition in the regulation",[121,172,173],{},"Should not exceed 30 seconds, per Banxico",[103,175,176,179,182],{},[121,177,178],{},"Recipient identifier",[121,180,181],{},"Pix key: CPF, CNPJ, phone, email, or random key",[121,183,184],{},"18-digit CLABE, 16-digit debit card, or 10-digit phone",[103,186,187,190,193],{},[121,188,189],{},"Recipient lookup",[121,191,192],{},"DICT returns the account holder before payment",[121,194,195],{},"CLABE check digit catches typos; no name lookup",[103,197,198,201,204],{},[121,199,200],{},"Proof of payment",[121,202,203],{},"Receipt from the paying institution, with a transaction identifier",[121,205,206],{},"CEP issued from the receiving bank's confirmation",[103,208,209,212,215],{},[121,210,211],{},"Tracking reference",[121,213,214],{},"Pix transaction identifier",[121,216,217],{},"Tracking key (clave de rastreo), up to 30 characters",[103,219,220,223,226],{},[121,221,222],{},"Returns",[121,224,225],{},"Recipient can return within 90 days; MED for fraud",[121,227,228],{},"Receiving bank returns orders it can't credit",[103,230,231,234,237],{},[121,232,233],{},"Fees between institutions",[121,235,236],{},"Regulation bars fees between the payer's and recipient's institutions",[121,238,239],{},"Banxico charges participants a fixed fee and a per-operation fee",[103,241,242,245,248],{},[121,243,244],{},"QR payments",[121,246,247],{},"Static and dynamic Pix QR codes in the regulation",[121,249,250],{},"No data",[11,252,253,254,257,258,261],{},"Two rows matter most for payouts. The ",[20,255,256],{},"recipient lookup"," row is why Pix keys produce fewer misdirected payments: the payer's institution sees the account holder's name before sending. The ",[20,259,260],{},"proof of payment"," row is why SPEI disputes are easier to close: anyone with the payment details can pull the CEP.",[57,263,265],{"id":264},"how-do-you-address-a-payment-on-each-rail","How do you address a payment on each rail?",[11,267,268],{},"On Pix you address a key; on SPEI you address an account number, card, or phone.",[11,270,271,274],{},[20,272,273],{},"Pix keys"," come in five types. The key resolves through the DICT to the recipient's account, so the payer never needs a bank code or branch. When a recipient has no key, many providers can pay the bank account directly using the bank code, branch, and account number.",[11,276,277,280,281,286],{},[20,278,279],{},"SPEI destinations"," follow ",[46,282,285],{"href":283,"rel":284},"https:\u002F\u002Fwww.banxico.org.mx\u002Fservices\u002Finterbanking-electronic-payme.html",[74],"Banxico's user guide",": an 18-digit CLABE, a 16-digit debit card number, or a 10-digit mobile phone number linked to the account. The CLABE includes a check digit, so many typos fail validation before any money moves. Card and phone destinations also need the receiving bank's institution code.",[11,288,289,291],{},[46,290,49],{"href":48}," lists exactly what to collect from recipients in each country.",[57,293,295],{"id":294},"how-do-returns-work-on-pix-and-spei","How do returns work on Pix and SPEI?",[11,297,298],{},"Pix has a written return framework with deadlines. SPEI returns are mostly operational: the receiving bank sends back what it can't credit.",[11,300,301,302,307],{},"On Pix, the Central Bank's ",[46,303,306],{"href":304,"rel":305},"https:\u002F\u002Fwww.bcb.gov.br\u002Fcontent\u002Festabilidadefinanceira\u002Fpix\u002FGuia_MED.pdf",[74],"guide to Pix returns and the MED"," sets out three paths:",[309,310,311,317,323],"ol",{},[27,312,313,316],{},[20,314,315],{},"The recipient returns it."," Any user can return all or part of a Pix credited to their account within 90 days of the original transaction, for any reason.",[27,318,319,322],{},[20,320,321],{},"The recipient's institution returns it."," This covers operational failures, funds blocked after a fraud notice under the MED, and a cautionary block of up to 72 hours while the institution reviews suspected fraud.",[27,324,325,328],{},[20,326,327],{},"A fraud claim opens a return request."," The MED lets the recipient's institution debit the account and send funds back without the recipient approving each return. Requests generally need to be opened within 80 days of the transaction.",[11,330,331,332,336],{},"On SPEI, a payment is returned when the receiving bank can't apply it, for example because the account is closed or the details don't match. Banxico's MI-SPEI status lookup shows the state as \"undergoing return\" and then \"returned.\" The ",[46,333,335],{"href":334},"\u002Fresources\u002Fmore\u002Fhow-to-send-usdc-to-bank-account-mexico","Mexico payout guide"," lists every SPEI status and what to do at each one.",[11,338,339,340,344],{},"Neither rail lets the sender pull money back. If the account details were valid but wrong, getting money back depends on the recipient or their bank. ",[46,341,343],{"href":342},"\u002Fresources\u002Fmore\u002Fare-stablecoin-payments-reversible","Are stablecoin payments reversible?"," covers the same question for the on-chain leg.",[57,346,348],{"id":347},"how-do-you-prove-a-payment-arrived","How do you prove a payment arrived?",[11,350,351],{},"On SPEI, download the CEP. On Pix, rely on the paying institution's receipt and the transaction identifier.",[11,353,354,355,360],{},"The ",[46,356,359],{"href":357,"rel":358},"https:\u002F\u002Fwww.banxico.org.mx\u002Fcep\u002F",[74],"SPEI CEP lookup"," takes the payment date, the tracking key or reference number, the sending and receiving banks, the beneficiary account, and the amount. Banco de México generates the receipt from the receiving bank's credit confirmation. The lookup runs from 09:30 to 23:00, Monday to Sunday. The tracking key is up to 30 alphanumeric characters; the reference number is up to seven digits.",[11,362,363,364,368],{},"Pix has no equivalent public lookup. The receipt comes from the institution that sent the payment and carries a unique transaction identifier. In a stablecoin payout, that sending institution is your provider's local partner, so ask your provider which reference it returns and where. ",[46,365,367],{"href":366},"\u002Fresources\u002Fmore\u002Fhow-to-track-a-crypto-off-ramp-payout","How to track a crypto off-ramp payout"," compares the references across rails.",[57,370,372],{"id":371},"how-does-a-stablecoin-payout-reach-a-pix-or-spei-account","How does a stablecoin payout reach a Pix or SPEI account?",[11,374,375],{},"A stablecoin payout to Brazil or Mexico has the same shape on both rails: quote, send the stablecoins, convert, and push local currency over the rail.",[309,377,378,384,390,396,402,408],{},[27,379,380,383],{},[20,381,382],{},"Register the recipient."," Collect a Pix key or a CLABE and store it with your provider, which validates the format.",[27,385,386,389],{},[20,387,388],{},"Get a quote."," Ask for the amount in BRL or MXN. The quote fixes the exchange rate, the fees, and the stablecoin amount for a short window.",[27,391,392,395],{},[20,393,394],{},"Send the stablecoins."," USDC or USDT moves from your wallet to the provider on the network you picked and confirms on-chain.",[27,397,398,401],{},[20,399,400],{},"Conversion."," The provider sells the stablecoins for reais or pesos at the quoted rate.",[27,403,404,407],{},[20,405,406],{},"The rail leg."," A licensed local institution sends the payment over Pix or SPEI. This part takes seconds.",[27,409,410,413],{},[20,411,412],{},"Confirmation."," The provider reports the payout as completed and gives you a reference you can hand to the recipient.",[11,415,416,417,421],{},"Step 5 is the shortest step. Steps 1 and 3 decide most outcomes. A wrong key or CLABE fails at the rail, and an under-confirmed on-chain transfer delays everything after it. ",[46,418,420],{"href":419},"\u002Fresources\u002Fmore\u002Fstablecoin-payout-cut-off-times-weekends-holidays","Stablecoin payout cut-off times, weekends, and holidays"," explains when non-instant parts of the flow can still stall.",[57,423,425],{"id":424},"what-goes-wrong-on-each-rail","What goes wrong on each rail?",[11,427,428],{},"The failures look different on each rail, but most come from recipient data.",[97,430,431,447],{},[100,432,433],{},[103,434,435,438,441,444],{},[106,436,437],{},"Problem",[106,439,440],{},"On Pix",[106,442,443],{},"On SPEI",[106,445,446],{},"What to do",[116,448,449,463,477,491,505],{},[103,450,451,454,457,460],{},[121,452,453],{},"Wrong recipient",[121,455,456],{},"Key belongs to someone else",[121,458,459],{},"Valid CLABE for the wrong person",[121,461,462],{},"Show the resolved name before paying where possible; confirm details in writing",[103,464,465,468,471,474],{},[121,466,467],{},"Invalid details",[121,469,470],{},"Key not found in the DICT",[121,472,473],{},"CLABE check digit fails",[121,475,476],{},"Validate at entry, not at payout time",[103,478,479,482,485,488],{},[121,480,481],{},"Closed account",[121,483,484],{},"Institution can't credit, returns funds",[121,486,487],{},"Receiving bank returns the order",[121,489,490],{},"Get new details, then resend after the return completes",[103,492,493,496,499,502],{},[121,494,495],{},"Fraud suspicion",[121,497,498],{},"Cautionary block up to 72 hours, MED return",[121,500,501],{},"Bank holds or returns per its own controls",[121,503,504],{},"Keep KYC and purpose records ready for the provider",[103,506,507,510,513,516],{},[121,508,509],{},"Dispute \"I didn't get it\"",[121,511,512],{},"Share the transaction identifier and receipt",[121,514,515],{},"Share the CEP",[121,517,518],{},"Store the rail reference on every payout record",[57,520,522],{"id":521},"when-do-pix-and-spei-not-fit","When do Pix and SPEI not fit?",[11,524,525],{},"Both rails are domestic, single-currency, and designed for bank accounts in one country. They don't fit every payout.",[24,527,528,534,540,546],{},[27,529,530,533],{},[20,531,532],{},"Recipients outside Brazil or Mexico."," Pix pays only BRL accounts in Brazil, and SPEI pays only MXN accounts in Mexico. Paying a Brazilian supplier's US dollar account needs SWIFT.",[27,535,536,539],{},[20,537,538],{},"Very large payments with document requirements."," Some recipients or their banks want trade documents and wire-style confirmations. SWIFT with an MT103 may suit them better.",[27,541,542,545],{},[20,543,544],{},"Recipients who need to pull funds back easily."," Neither rail has a sender-initiated chargeback. That's a feature for payees and a risk for payers.",[27,547,548,551,552,556],{},[20,549,550],{},"Regulatory reporting."," Cross-border flows into Brazil and Mexico carry local FX and reporting rules. In Brazil, see ",[46,553,555],{"href":554},"\u002Fresources\u002Fmore\u002Fpsav-brazil-explained","PSAV in Brazil explained",". Check your own obligations with local counsel; this page is for information only and is not legal advice.",[57,558,560],{"id":559},"how-does-blindpay-pay-out-over-pix-and-spei","How does BlindPay pay out over Pix and SPEI?",[11,562,563],{},"BlindPay converts USDC or USDT into reais or pesos and pays out over Pix and SPEI through one API, alongside ACH, RTP, SEPA, and SWIFT (POBO\u002FCOBO).",[11,565,566,567,571],{},"From the ",[46,568,570],{"href":569},"\u002Fdocs\u002Fbank-accounts","BlindPay docs"," as of this article's date:",[24,573,574,585,591,602,608],{},[27,575,576,579,580,584],{},[20,577,578],{},"Pix payouts"," take a ",[581,582,583],"code",{},"pix_key",", which can be a CPF, CNPJ, phone, email, or random key. When you have bank routing instead of a key, the PIX Safe account type uses the CPF or CNPJ, bank code, branch, and account number. Both settle instantly.",[27,586,587,590],{},[20,588,589],{},"SPEI payouts"," take a CLABE, or a debit card number or phone number with the bank's institution code. They settle instantly.",[27,592,593,596,597,601],{},[20,594,595],{},"Collections"," run the other way: Pix payins arrive in up to 5 minutes and SPEI payins in up to 10 minutes, delivered as stablecoins (",[46,598,600],{"href":599},"\u002Fdocs\u002Fkb\u002Fcut-off-times","cut-off times",").",[27,603,604,607],{},[20,605,606],{},"Funding"," comes from stablecoins in an external wallet you control or a BlindPay managed wallet balance, at the quoted rate.",[27,609,610,613,614,617,618,621,622,625,626,629,630,601],{},[20,611,612],{},"Statuses"," move from ",[581,615,616],{},"processing"," to ",[581,619,620],{},"completed",". A payout that ends ",[581,623,624],{},"refunded"," returns the stablecoins to the funding source; a ",[581,627,628],{},"failed"," payout isn't refunded automatically, so contact support (",[46,631,633],{"href":632},"\u002Fdocs\u002Fpayouts","payouts",[11,635,636,637,55],{},"Development instances are free. Add a Pix key or CLABE in the sandbox and run your first test payout from the ",[46,638,640],{"href":639},"\u002Fdocs\u002Fquickstart-payout","payout quickstart",{"title":642,"searchDepth":643,"depth":643,"links":644},"",2,[645,646,647,648,649,650,651,652,653],{"id":59,"depth":643,"text":60},{"id":91,"depth":643,"text":92},{"id":264,"depth":643,"text":265},{"id":294,"depth":643,"text":295},{"id":347,"depth":643,"text":348},{"id":371,"depth":643,"text":372},{"id":424,"depth":643,"text":425},{"id":521,"depth":643,"text":522},{"id":559,"depth":643,"text":560},"payments","2026-10-05","Pix vs SPEI side by side: who runs each rail, how recipients are identified, hours, settlement, returns, and proof of payment for stablecoin payouts.","md",[659,662,665,668,671,674],{"q":660,"a":661},"What is the difference between Pix and SPEI?","Pix is Brazil's instant payment scheme, run by the Banco Central do Brasil and settled in reais through its SPI system. SPEI is Mexico's interbank transfer system, run by Banco de México and settled in pesos. Both run 24\u002F7 and settle in real time. The main differences are how you address a recipient, how returns work, and how you prove a payment arrived.",{"q":663,"a":664},"Do Pix and SPEI work on weekends and holidays?","Yes. The Pix regulation, Resolution BCB No. 1 of 2020, defines an instant payment as a service available 24 hours a day on every day of the year. Banco de México lists SPEI's operating hours as a 24\u002F7 scheme. Weekend payouts on either rail land like weekday ones, though compliance reviews at the payment provider can still add time.",{"q":666,"a":667},"What do you need to pay someone over Pix vs SPEI?","For Pix, you need a Pix key: the recipient's CPF, CNPJ, phone number, email, or a random key, which the central directory maps to a bank account. Bank code, branch, and account also work at some providers. For SPEI, you need an 18-digit CLABE, or a 16-digit debit card number or 10-digit phone number with the bank's institution code.",{"q":669,"a":670},"Can a Pix or SPEI payment be reversed?","Not by the sender alone. On Pix, the recipient can return a payment within 90 days, and the Central Bank's special return mechanism (MED) lets institutions return funds when fraud is suspected. On SPEI, the receiving bank returns a payment it cannot credit, for example because the account is closed. Wrong-but-valid account details usually need the recipient's cooperation on both rails.",{"q":672,"a":673},"How do you prove a SPEI or Pix payment was received?","For SPEI, use Banco de México's CEP, an electronic payment receipt generated from the receiving bank's credit confirmation, looked up with the tracking key, banks, account, and amount. For Pix, there is no public lookup site; the proof is the receipt from the paying institution with the Pix transaction identifier, plus the status your payment provider reports.",{"q":675,"a":676},"Is Pix or SPEI faster for stablecoin payouts?","Both are fast enough that the rail is rarely the bottleneck. Banco de México says a SPEI payment should take no more than 30 seconds, and Pix is defined as real time. In a stablecoin payout, the slower parts are usually the on-chain confirmation, the provider's compliance checks, and getting the recipient details right the first time.",false,{"author":679},"BlindPay Team",true,"\u002Fresources\u002Fmore\u002Fpix-vs-spei","---\ntitle: \"Pix vs SPEI: how Brazil's and Mexico's instant payment rails compare\"\nseoTitle: \"Pix vs SPEI: Brazil and Mexico instant payments compared\"\ndescription: \"Pix vs SPEI side by side: who runs each rail, how recipients are identified, hours, settlement, returns, and proof of payment for stablecoin payouts.\"\ndate: \"2026-10-05\"\nupdated: \"2026-10-05\"\ncategory: \"payments\"\nauthor: \"BlindPay Team\"\nfaq:\n  - q: \"What is the difference between Pix and SPEI?\"\n    a: \"Pix is Brazil's instant payment scheme, run by the Banco Central do Brasil and settled in reais through its SPI system. SPEI is Mexico's interbank transfer system, run by Banco de México and settled in pesos. Both run 24\u002F7 and settle in real time. The main differences are how you address a recipient, how returns work, and how you prove a payment arrived.\"\n  - q: \"Do Pix and SPEI work on weekends and holidays?\"\n    a: \"Yes. The Pix regulation, Resolution BCB No. 1 of 2020, defines an instant payment as a service available 24 hours a day on every day of the year. Banco de México lists SPEI's operating hours as a 24\u002F7 scheme. Weekend payouts on either rail land like weekday ones, though compliance reviews at the payment provider can still add time.\"\n  - q: \"What do you need to pay someone over Pix vs SPEI?\"\n    a: \"For Pix, you need a Pix key: the recipient's CPF, CNPJ, phone number, email, or a random key, which the central directory maps to a bank account. Bank code, branch, and account also work at some providers. For SPEI, you need an 18-digit CLABE, or a 16-digit debit card number or 10-digit phone number with the bank's institution code.\"\n  - q: \"Can a Pix or SPEI payment be reversed?\"\n    a: \"Not by the sender alone. On Pix, the recipient can return a payment within 90 days, and the Central Bank's special return mechanism (MED) lets institutions return funds when fraud is suspected. On SPEI, the receiving bank returns a payment it cannot credit, for example because the account is closed. Wrong-but-valid account details usually need the recipient's cooperation on both rails.\"\n  - q: \"How do you prove a SPEI or Pix payment was received?\"\n    a: \"For SPEI, use Banco de México's CEP, an electronic payment receipt generated from the receiving bank's credit confirmation, looked up with the tracking key, banks, account, and amount. For Pix, there is no public lookup site; the proof is the receipt from the paying institution with the Pix transaction identifier, plus the status your payment provider reports.\"\n  - q: \"Is Pix or SPEI faster for stablecoin payouts?\"\n    a: \"Both are fast enough that the rail is rarely the bottleneck. Banco de México says a SPEI payment should take no more than 30 seconds, and Pix is defined as real time. In a stablecoin payout, the slower parts are usually the on-chain confirmation, the provider's compliance checks, and getting the recipient details right the first time.\"\n---\n\nPix and SPEI are the instant payment rails of Brazil and Mexico. Pix is run by the Banco Central do Brasil and pays reais; SPEI is run by Banco de México and pays pesos. Both run 24\u002F7 and settle in real time between institutions at the central bank. They differ in how recipients are addressed, how returns work, and how payment proof is issued.\n\nFor a company paying people in Latin America, these two rails do most of the work. If you pay out from stablecoins, they are the last leg after the conversion, and the leg the recipient actually sees.\n\n**Key takeaways**\n\n- Both rails run 24\u002F7, including weekends and holidays, so a Saturday payout can land on Saturday.\n- Pix addresses a recipient with a key (CPF, CNPJ, phone, email, or random key). SPEI uses an 18-digit CLABE, a debit card number, or a phone number.\n- Pix has formal return rules: recipient-initiated returns within 90 days and a fraud return mechanism (MED). SPEI returns happen when the receiving bank can't credit the account.\n- SPEI has a public proof of payment, the CEP from Banco de México. Pix proof comes from the institutions involved.\n- In a stablecoin payout, the rail is rarely the slow part. Bad recipient data and compliance holds are.\n\nThis page compares the rails themselves. For the specific fields to collect, see [Pix keys, CPF, and CLABE payout details](\u002Fresources\u002Fmore\u002Fpix-key-cpf-clabe-payout-details). For where these rails sit in the full payment stack, start with [what stablecoin infrastructure is](\u002Fresources\u002Fmore\u002Fwhat-is-stablecoin-infrastructure).\n\n## What are Pix and SPEI?\n\nPix is Brazil's instant payment scheme and SPEI is Mexico's interbank electronic payment system. Both are central bank infrastructure that banks and other licensed institutions plug into.\n\n**Pix** is governed by the Pix regulation attached to [Resolution BCB No. 1 of August 12, 2020](https:\u002F\u002Fwww.bcb.gov.br\u002Festabilidadefinanceira\u002Fexibenormativo?tipo=Resolu%C3%A7%C3%A3o%20BCB&numero=1). Payments settle in the SPI (Sistema de Pagamentos Instantâneos), which the regulation defines as a centralized real-time gross settlement infrastructure between participants holding an instant payments account at the Central Bank. Recipients are looked up through the DICT, the central directory that maps Pix keys to accounts.\n\n**SPEI** (Sistema de Pagos Electrónicos Interbancarios) is administered and operated by Banco de México. [Banxico describes it](https:\u002F\u002Fwww.banxico.org.mx\u002Fservicios\u002Fspei_-informacion-banco-mex.html) as a real-time settlement system that began operating on August 13, 2004 and runs on a 24\u002F7 scheme. Its rules are set out in Banxico's Circular 14\u002F2017.\n\n## How do Pix and SPEI compare side by side?\n\nPix and SPEI are close on speed and hours. They differ most on addressing, returns, and proof of payment.\n\n| Feature | Pix (Brazil) | SPEI (Mexico) |\n| --- | --- | --- |\n| Operator | Banco Central do Brasil | Banco de México |\n| Currency | BRL | MXN |\n| Settlement | SPI, real-time gross settlement in central bank accounts | Real-time settlement at Banco de México |\n| Hours | 24 hours a day, every day of the year | 24\u002F7 scheme |\n| Speed | Real time by definition in the regulation | Should not exceed 30 seconds, per Banxico |\n| Recipient identifier | Pix key: CPF, CNPJ, phone, email, or random key | 18-digit CLABE, 16-digit debit card, or 10-digit phone |\n| Recipient lookup | DICT returns the account holder before payment | CLABE check digit catches typos; no name lookup |\n| Proof of payment | Receipt from the paying institution, with a transaction identifier | CEP issued from the receiving bank's confirmation |\n| Tracking reference | Pix transaction identifier | Tracking key (clave de rastreo), up to 30 characters |\n| Returns | Recipient can return within 90 days; MED for fraud | Receiving bank returns orders it can't credit |\n| Fees between institutions | Regulation bars fees between the payer's and recipient's institutions | Banxico charges participants a fixed fee and a per-operation fee |\n| QR payments | Static and dynamic Pix QR codes in the regulation | No data |\n\nTwo rows matter most for payouts. The **recipient lookup** row is why Pix keys produce fewer misdirected payments: the payer's institution sees the account holder's name before sending. The **proof of payment** row is why SPEI disputes are easier to close: anyone with the payment details can pull the CEP.\n\n## How do you address a payment on each rail?\n\nOn Pix you address a key; on SPEI you address an account number, card, or phone.\n\n**Pix keys** come in five types. The key resolves through the DICT to the recipient's account, so the payer never needs a bank code or branch. When a recipient has no key, many providers can pay the bank account directly using the bank code, branch, and account number.\n\n**SPEI destinations** follow [Banxico's user guide](https:\u002F\u002Fwww.banxico.org.mx\u002Fservices\u002Finterbanking-electronic-payme.html): an 18-digit CLABE, a 16-digit debit card number, or a 10-digit mobile phone number linked to the account. The CLABE includes a check digit, so many typos fail validation before any money moves. Card and phone destinations also need the receiving bank's institution code.\n\n[Pix keys, CPF, and CLABE payout details](\u002Fresources\u002Fmore\u002Fpix-key-cpf-clabe-payout-details) lists exactly what to collect from recipients in each country.\n\n## How do returns work on Pix and SPEI?\n\nPix has a written return framework with deadlines. SPEI returns are mostly operational: the receiving bank sends back what it can't credit.\n\nOn Pix, the Central Bank's [guide to Pix returns and the MED](https:\u002F\u002Fwww.bcb.gov.br\u002Fcontent\u002Festabilidadefinanceira\u002Fpix\u002FGuia_MED.pdf) sets out three paths:\n\n1. **The recipient returns it.** Any user can return all or part of a Pix credited to their account within 90 days of the original transaction, for any reason.\n2. **The recipient's institution returns it.** This covers operational failures, funds blocked after a fraud notice under the MED, and a cautionary block of up to 72 hours while the institution reviews suspected fraud.\n3. **A fraud claim opens a return request.** The MED lets the recipient's institution debit the account and send funds back without the recipient approving each return. Requests generally need to be opened within 80 days of the transaction.\n\nOn SPEI, a payment is returned when the receiving bank can't apply it, for example because the account is closed or the details don't match. Banxico's MI-SPEI status lookup shows the state as \"undergoing return\" and then \"returned.\" The [Mexico payout guide](\u002Fresources\u002Fmore\u002Fhow-to-send-usdc-to-bank-account-mexico) lists every SPEI status and what to do at each one.\n\nNeither rail lets the sender pull money back. If the account details were valid but wrong, getting money back depends on the recipient or their bank. [Are stablecoin payments reversible?](\u002Fresources\u002Fmore\u002Fare-stablecoin-payments-reversible) covers the same question for the on-chain leg.\n\n## How do you prove a payment arrived?\n\nOn SPEI, download the CEP. On Pix, rely on the paying institution's receipt and the transaction identifier.\n\nThe [SPEI CEP lookup](https:\u002F\u002Fwww.banxico.org.mx\u002Fcep\u002F) takes the payment date, the tracking key or reference number, the sending and receiving banks, the beneficiary account, and the amount. Banco de México generates the receipt from the receiving bank's credit confirmation. The lookup runs from 09:30 to 23:00, Monday to Sunday. The tracking key is up to 30 alphanumeric characters; the reference number is up to seven digits.\n\nPix has no equivalent public lookup. The receipt comes from the institution that sent the payment and carries a unique transaction identifier. In a stablecoin payout, that sending institution is your provider's local partner, so ask your provider which reference it returns and where. [How to track a crypto off-ramp payout](\u002Fresources\u002Fmore\u002Fhow-to-track-a-crypto-off-ramp-payout) compares the references across rails.\n\n## How does a stablecoin payout reach a Pix or SPEI account?\n\nA stablecoin payout to Brazil or Mexico has the same shape on both rails: quote, send the stablecoins, convert, and push local currency over the rail.\n\n1. **Register the recipient.** Collect a Pix key or a CLABE and store it with your provider, which validates the format.\n2. **Get a quote.** Ask for the amount in BRL or MXN. The quote fixes the exchange rate, the fees, and the stablecoin amount for a short window.\n3. **Send the stablecoins.** USDC or USDT moves from your wallet to the provider on the network you picked and confirms on-chain.\n4. **Conversion.** The provider sells the stablecoins for reais or pesos at the quoted rate.\n5. **The rail leg.** A licensed local institution sends the payment over Pix or SPEI. This part takes seconds.\n6. **Confirmation.** The provider reports the payout as completed and gives you a reference you can hand to the recipient.\n\nStep 5 is the shortest step. Steps 1 and 3 decide most outcomes. A wrong key or CLABE fails at the rail, and an under-confirmed on-chain transfer delays everything after it. [Stablecoin payout cut-off times, weekends, and holidays](\u002Fresources\u002Fmore\u002Fstablecoin-payout-cut-off-times-weekends-holidays) explains when non-instant parts of the flow can still stall.\n\n## What goes wrong on each rail?\n\nThe failures look different on each rail, but most come from recipient data.\n\n| Problem | On Pix | On SPEI | What to do |\n| --- | --- | --- | --- |\n| Wrong recipient | Key belongs to someone else | Valid CLABE for the wrong person | Show the resolved name before paying where possible; confirm details in writing |\n| Invalid details | Key not found in the DICT | CLABE check digit fails | Validate at entry, not at payout time |\n| Closed account | Institution can't credit, returns funds | Receiving bank returns the order | Get new details, then resend after the return completes |\n| Fraud suspicion | Cautionary block up to 72 hours, MED return | Bank holds or returns per its own controls | Keep KYC and purpose records ready for the provider |\n| Dispute \"I didn't get it\" | Share the transaction identifier and receipt | Share the CEP | Store the rail reference on every payout record |\n\n## When do Pix and SPEI not fit?\n\nBoth rails are domestic, single-currency, and designed for bank accounts in one country. They don't fit every payout.\n\n- **Recipients outside Brazil or Mexico.** Pix pays only BRL accounts in Brazil, and SPEI pays only MXN accounts in Mexico. Paying a Brazilian supplier's US dollar account needs SWIFT.\n- **Very large payments with document requirements.** Some recipients or their banks want trade documents and wire-style confirmations. SWIFT with an MT103 may suit them better.\n- **Recipients who need to pull funds back easily.** Neither rail has a sender-initiated chargeback. That's a feature for payees and a risk for payers.\n- **Regulatory reporting.** Cross-border flows into Brazil and Mexico carry local FX and reporting rules. In Brazil, see [PSAV in Brazil explained](\u002Fresources\u002Fmore\u002Fpsav-brazil-explained). Check your own obligations with local counsel; this page is for information only and is not legal advice.\n\n## How does BlindPay pay out over Pix and SPEI?\n\nBlindPay converts USDC or USDT into reais or pesos and pays out over Pix and SPEI through one API, alongside ACH, RTP, SEPA, and SWIFT (POBO\u002FCOBO).\n\nFrom the [BlindPay docs](\u002Fdocs\u002Fbank-accounts) as of this article's date:\n\n- **Pix payouts** take a `pix_key`, which can be a CPF, CNPJ, phone, email, or random key. When you have bank routing instead of a key, the PIX Safe account type uses the CPF or CNPJ, bank code, branch, and account number. Both settle instantly.\n- **SPEI payouts** take a CLABE, or a debit card number or phone number with the bank's institution code. They settle instantly.\n- **Collections** run the other way: Pix payins arrive in up to 5 minutes and SPEI payins in up to 10 minutes, delivered as stablecoins ([cut-off times](\u002Fdocs\u002Fkb\u002Fcut-off-times)).\n- **Funding** comes from stablecoins in an external wallet you control or a BlindPay managed wallet balance, at the quoted rate.\n- **Statuses** move from `processing` to `completed`. A payout that ends `refunded` returns the stablecoins to the funding source; a `failed` payout isn't refunded automatically, so contact support ([payouts](\u002Fdocs\u002Fpayouts)).\n\nDevelopment instances are free. Add a Pix key or CLABE in the sandbox and run your first test payout from the [payout quickstart](\u002Fdocs\u002Fquickstart-payout).\n",{"title":5,"description":656},"Pix vs SPEI: Brazil and Mexico instant payments compared","resources\u002Fmore\u002Fpix-vs-spei","OlehcrVWRtSR7s4G19YUwBA0ks3S0DzwQf0OltHwAhw",[688,692,696,700,704,708,712,716,720,724,728,732,736,740,744,747,751,755,759,763,767,771,775,779,783,787,791,795,799,803,807,811,815,819,823,826,830,834,838,842,846,850,854,858,862,866,870,874,878,879,883,887,891,895,899,903,907,911,915,919,923,927,931,935,939,943,947,951,955,959,963,967,971,975,979,983,987,991,994,998,1002,1006,1010,1014,1018,1022,1026,1029,1033,1037],{"path":689,"title":690,"description":691},"\u002Fresources\u002Fmore\u002Fblockchain-payment-use-cases","7 real-world blockchain payment use cases: payroll, remittances, B2B, and more","Seven places blockchain payments beat bank rails: contractor payroll, remittances, B2B suppliers, marketplaces, 24\u002F7 treasury, bill pay, and PSP payouts.",{"path":693,"title":694,"description":695},"\u002Fresources\u002Fmore\u002Fagent-payment-protocols-compared","AP2 vs ACP vs x402: agent payment protocols compared","AP2, ACP, and x402 each verify that an AI agent had permission to spend. Here is what every protocol covers, who backs it, and the reconciliation gap none of them close.",{"path":697,"title":698,"description":699},"\u002Fresources\u002Fmore\u002Fbest-stablecoin-payment-platform-fintech-2026","Best stablecoin payment platforms for fintech in 2026: a US comparison","Seven stablecoin payment platforms compared for US fintechs in 2026: what makes an API production-ready, how each provider handles compliance, settlement speed against ACH, and how to run the evaluation.",{"path":701,"title":702,"description":703},"\u002Fresources\u002Fmore\u002Fbest-stablecoin-payment-providers-2026","Best stablecoin payment providers in 2026: how to choose","How to choose a stablecoin payment provider in 2026: the four provider types, a comparison of 10 options, and the questions that decide the fit.",{"path":705,"title":706,"description":707},"\u002Fresources\u002Fmore\u002Fwhat-are-blockchain-payments","Blockchain payments explained: how stablecoins move money without correspondent banks","Blockchain payments move a stablecoin on a public ledger instead of messages between banks. How they work, what they cost, and how they compare with SWIFT.",{"path":709,"title":710,"description":711},"\u002Fresources\u002Fmore\u002Fblockchain-payments-glossary","Blockchain payments glossary: 34 terms explained in plain English","Stablecoin, on-ramp, off-ramp, finality, gas, non-custodial, travel rule. The 34 terms of blockchain payments, each defined in one or two lines.",{"path":713,"title":714,"description":715},"\u002Fresources\u002Fmore\u002Fbuild-vs-buy-stablecoin-payments","Build vs buy: should you build stablecoin payouts in-house or use an API?","Building stablecoin payouts in-house means wallets, liquidity, banking partners, licenses, and a compliance program. When building makes sense.",{"path":717,"title":718,"description":719},"\u002Fresources\u002Fmore\u002Fcan-a-virtual-account-replace-a-bank-account","Can a virtual account replace a business bank account? What each one does for cross-border companies","Usually not. A virtual account collects and settles payments; a bank account runs payroll, taxes, and credit. A job-by-job guide for cross-border teams.",{"path":721,"title":722,"description":723},"\u002Fresources\u002Fmore\u002Flatam-payout-liquidity-partner-pix-spei","Choosing a liquidity partner for LatAm payouts: Pix, SPEI, and beyond","How to choose a liquidity partner for payouts into Latin America: how Pix and SPEI work, how a stablecoin liquidity layer replaces local bank accounts, and a checklist for coverage, pricing, and compliance.",{"path":725,"title":726,"description":727},"\u002Fresources\u002Fmore\u002Fstablecoin-payout-mistakes","Common stablecoin payout mistakes: wrong network, expired quotes, and bad bank details","The mistakes that make stablecoin payouts fail or stall: wrong network or token, expired quotes, deposits below minimums, bad bank details, and cut-offs.",{"path":729,"title":730,"description":731},"\u002Fresources\u002Fmore\u002Fcorrespondent-banking-vs-stablecoin-liquidity","Correspondent banking vs stablecoin liquidity: why pre-funding traps your capital","Correspondent banking keeps cross-border payouts liquid by parking cash in nostro accounts in every country. What that trapped capital costs a treasury team, and what stablecoin liquidity changes.",{"path":733,"title":734,"description":735},"\u002Fresources\u002Fmore\u002Fcrypto-payment-processor-for-businesses","Crypto payment processor for businesses: what to compare before you choose","Compare crypto payment processors on six criteria: settlement speed, stablecoins, compliance, dev effort, payout coverage, and pricing. Scorecard inside.",{"path":737,"title":738,"description":739},"\u002Fresources\u002Fmore\u002Fcustodial-vs-non-custodial-off-ramps","Custodial vs non-custodial off-ramps: who holds the money, and what happens if the provider fails","A custodial off-ramp holds your stablecoins; a non-custodial one pulls them only at payout. What changes in insolvency, de-banking, and failed payouts.",{"path":741,"title":742,"description":743},"\u002Fresources\u002Fmore\u002Fcustodial-vs-non-custodial-vs-mpc-wallets","Custodial vs non-custodial vs MPC wallets: how to choose","Custodial, non-custodial, and MPC wallets differ in who holds the keys. Compare control, recovery, risk, and regulation, with product examples for each.",{"path":419,"title":745,"description":746},"Do stablecoin payouts work on weekends and holidays? Cut-offs and bank calendars by rail","The stablecoin leg runs 24\u002F7, and so do Pix, SPEI, and RTP. ACH, wire, SEPA, TED, and SWIFT wait for a business day. Cut-offs and calendars by rail.",{"path":748,"title":749,"description":750},"\u002Fresources\u002Fmore\u002Fstablecoin-cross-border-payments-savings","How businesses use stablecoins for cross-border payments (and where the savings come from)","Correspondent hops, FX markup, and pre-funding: what stablecoin settlement does to each cost of a cross-border payment, with a $50,000 example to Brazil.",{"path":752,"title":753,"description":754},"\u002Fresources\u002Fmore\u002Fhow-a-stablecoin-payment-works","How does a stablecoin payment move? From bank deposit to local payout, step by step","A stablecoin payment moves in legs: fiat collected, stablecoin settled, fiat paid out. What happens at each step, where delays hide, what recipients see.",{"path":756,"title":757,"description":758},"\u002Fresources\u002Fmore\u002Fcross-border-merchant-payments-without-pre-funding","How global merchants get paid across borders with stablecoins, no pre-funding required","Pre-funding means parking local currency in every market before money moves. Stablecoin virtual accounts remove it. A worked example across 4 countries.",{"path":760,"title":761,"description":762},"\u002Fresources\u002Fmore\u002Fstablecoin-payout-settlement-times","How long does a stablecoin payout take? Settlement times by country and rail","Stablecoin payouts settle in minutes on Pix, SPEI, RTP, and Transfers 3.0, and in 1 to 5 business days on ACH, SEPA, and SWIFT. Full table by rail.",{"path":764,"title":765,"description":766},"\u002Fresources\u002Fmore\u002Fcrypto-on-ramp-fees-explained","How much does a crypto on-ramp cost? Fees, spreads, and how to read a quote","A crypto on-ramp charges through the rate spread, a service fee, the payment rail, and sometimes the network. How each works, and how to read the quote.",{"path":768,"title":769,"description":770},"\u002Fresources\u002Fmore\u002Fstablecoin-off-ramp-fees-explained","How much does a stablecoin off-ramp cost? Fees per transaction vs a bank wire","What a stablecoin off-ramp costs per transaction: network fee, FX spread, percentage and flat fees, worked at $200, $2,000, and $20,000 vs a bank wire.",{"path":772,"title":773,"description":774},"\u002Fresources\u002Fmore\u002Fhow-to-add-stablecoin-payments-to-your-wallet-integration","How to add stablecoin payments to your wallet integration","Connect the wallets you already run to bank deposits and local payouts: register addresses, open virtual accounts, quote, authorize, and track webhooks.",{"path":776,"title":777,"description":778},"\u002Fresources\u002Fmore\u002Fhow-to-choose-a-virtual-account-provider","How to choose a virtual account provider: a 12-point checklist for developers and finance teams","Twelve criteria for evaluating a virtual account API, from rails and naming to custody, webhooks, and pricing, plus red flags and a scorecard to copy.",{"path":780,"title":781,"description":782},"\u002Fresources\u002Fmore\u002Fhow-to-choose-on-off-ramp-provider","How to choose the best on\u002Foff ramp provider for your fintech app","Six criteria for evaluating a crypto on\u002Foff ramp provider: corridor coverage, live quotes, fiat settlement speed, licensing, API quality, and liquidity depth. Each with concrete tests to run, a comparison table, and a scoring framework.",{"path":784,"title":785,"description":786},"\u002Fresources\u002Fmore\u002Fhow-to-evaluate-payment-orchestration-platform","How to evaluate a payment orchestration platform for cross-border payments","Six criteria that decide whether an orchestration platform works for cross-border money: rail coverage, compliance per corridor, developer experience, settlement speed, FX transparency, and pricing.",{"path":788,"title":789,"description":790},"\u002Fresources\u002Fmore\u002Fstablecoin-api-30-day-evaluation-plan","How to evaluate a stablecoin API in 30 days: a week-by-week plan","A 30-day plan to evaluate a stablecoin API: shortlist, sandbox tests, compliance review, and a live pilot, plus where costs hide and a worked cost model.",{"path":792,"title":793,"description":794},"\u002Fresources\u002Fmore\u002Fhow-to-integrate-a-crypto-on-ramp-api","How to integrate a crypto on-ramp API: payin quotes, deposit instructions, and webhooks","The on-ramp API flow step by step: verify the customer, pick the wallet, quote, create the payin, show deposit instructions, and handle webhooks.",{"path":796,"title":797,"description":798},"\u002Fresources\u002Fmore\u002Fhow-to-issue-stablecoin-cards-api","How to issue stablecoin-funded cards through an API: a developer's guide","Build vs. buy for stablecoin card issuing, the objects a card issuing API must expose, a step-by-step integration flow, and where KYC and KYB sit in it.",{"path":800,"title":801,"description":802},"\u002Fresources\u002Fmore\u002Fhow-to-off-ramp-usdc-to-us-bank-account","How to off-ramp USDC to a US bank account: ACH, RTP, or wire","Cashing out USDC or USDT to a US bank account: when ACH, Same Day ACH, RTP, and wire pay out, the cut-offs in ET, the fields you need, and what delays it.",{"path":804,"title":805,"description":806},"\u002Fresources\u002Fmore\u002Fhow-to-off-ramp-usdc-to-euros-sepa","How to off-ramp USDC to euros over SEPA: networks, IBAN details, and timing","Converting USDC to EUR in a SEPA bank account: which networks work, the IBAN details you need, SEPA vs SEPA Instant timing, limits, and what MiCA changes.",{"path":808,"title":809,"description":810},"\u002Fresources\u002Fmore\u002Fhow-to-off-ramp-usdt-latin-america","How to off-ramp USDT to local currency in Latin America","Converting USDT to BRL, MXN, ARS, or COP: which networks work, the payout rail in each country, weekend timing, fees, and the documents a business needs.",{"path":812,"title":813,"description":814},"\u002Fresources\u002Fmore\u002Fhow-to-on-ramp-local-currency-latin-america","How to on-ramp BRL, MXN, ARS, and COP into stablecoins: Pix, SPEI, Transfers 3.0, and PSE","How Latin American bank payments become USDC or USDT: what each rail shows the payer, the payer data it needs, how fast it lands, and the traps by country.",{"path":816,"title":817,"description":818},"\u002Fresources\u002Fmore\u002Fhow-to-pay-invoices-with-stablecoins-api","How to pay invoices, boletos, and Pix codes with stablecoins through an API","Register the bill, quote it, pay it from USDC or USDT, and track two webhook streams. 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Recipient data, statuses, and failures.",{"path":827,"title":828,"description":829},"\u002Fresources\u002Fmore\u002Fhow-to-test-virtual-accounts-sandbox","How to test a virtual accounts API integration before going live","The integration sequence for a virtual accounts API, what a sandbox simulates and what it can't, and a test plan with the statuses and webhooks to expect.",{"path":831,"title":832,"description":833},"\u002Fresources\u002Fmore\u002Fvirtual-account-reconciliation","How virtual accounts automate payment reconciliation (with a worked example)","Virtual accounts match each deposit to a customer by account number, not a free-text reference. A worked example with partial payments and micro-deposits.",{"path":835,"title":836,"description":837},"\u002Fresources\u002Fmore\u002Fstablecoin-api-idempotency-keys","Idempotency keys in a stablecoin API: how to never send the same payout twice","A timeout on a payout call is the most common way to pay someone twice. How idempotency keys prevent it, what replays, what conflicts, and how to retry.",{"path":839,"title":840,"description":841},"\u002Fresources\u002Fmore\u002Fhow-to-integrate-a-stablecoin-api","Integrating a stablecoin API: a developer's guide to cross-border payments with BlindPay","Step-by-step integration of a stablecoin API: authenticate, onboard a customer, create a virtual USD account, quote and send a cross-border payout, and handle signed webhooks. Endpoints, statuses, and SDKs for BlindPay.",{"path":843,"title":844,"description":845},"\u002Fresources\u002Fmore\u002Fliquidity-risk-global-payouts","Managing liquidity risk in global payouts: a practical guide for fintechs and PSPs","Liquidity risk in payouts is the chance funds aren't available at the right rate, in the right currency, when a payout settles. Its four sources and a six-step framework to manage them.",{"path":847,"title":848,"description":849},"\u002Fresources\u002Fmore\u002Fmarketplace-stablecoin-payouts-latam","Marketplace payouts in Latin America: stablecoin rails for sellers in Brazil, Mexico, Colombia, and Argentina","How marketplaces pay sellers, creators, and vendors across Latin America with stablecoin settlement: supported rails (Pix, SPEI, PSE, Argentine transfers), the end-to-end payout workflow, API integration, and what changes for speed, minimums, and FX cost.",{"path":851,"title":852,"description":853},"\u002Fresources\u002Fmore\u002Fnon-custodial-payments-explained","Non-custodial payments: what they are and why they reduce risk for businesses","A non-custodial payment provider moves your money without holding it between payments. Who controls the funds, who carries the risk, and what to ask.",{"path":855,"title":856,"description":857},"\u002Fresources\u002Fmore\u002Fon-ramp-widget-vs-api","On-ramp widget vs API: which integration fits your product?","Hosted on-ramp widget or API-first ramp? Compare who owns the UX, KYC, quotes, webhooks, branding, and compliance, plus a decision table and checklist.",{"path":859,"title":860,"description":861},"\u002Fresources\u002Fmore\u002Fon-ramp-or-off-ramp-which-does-your-product-need","On-ramp, off-ramp, or both? How to tell which stablecoin API your product needs","Match your use case to the direction money moves: on-ramp, off-ramp, or both. Covers payroll, remittance, marketplaces, treasury, and 10 questions to ask.",{"path":863,"title":864,"description":865},"\u002Fresources\u002Fmore\u002Fon-off-ramp-liquidity-live-quotes","On\u002Foff ramp liquidity with live quotes: how it works and why it matters","What on\u002Foff ramp liquidity with live quotes means for developers: live quote vs batch rate, the quote ID flow in an API, what happens on expiry, how liquidity depth changes spread by transaction size, rate windows and UX, and a checklist for evaluating a live quote API.",{"path":867,"title":868,"description":869},"\u002Fresources\u002Fmore\u002Fonchain-settlement-vs-bank-settlement","Onchain settlement vs bank settlement: RTGS, ACH, cards, and blockchain finality compared","How onchain settlement compares with Fedwire, Pix, ACH, and card settlement: settlement asset, hours, finality, reversibility, and where payout risk sits.",{"path":871,"title":872,"description":873},"\u002Fresources\u002Fmore\u002Fswift-pobo-vs-cobo-explained","POBO vs COBO: SWIFT payments and collections on behalf of, explained","POBO sends a SWIFT payment for a customer, COBO collects one for them. Whose name shows, how UETR tracking works, and where stablecoin settlement fits.",{"path":875,"title":876,"description":877},"\u002Fresources\u002Fmore\u002Fpayment-orchestration-vs-payment-gateway","Payment orchestration vs payment gateway: what's the difference?","A gateway connects you to one processor. An orchestration platform connects to many rails and picks the best path per transaction. The table, the triggers, and a worked USD to BRL example.",{"path":681,"title":5,"description":656},{"path":880,"title":881,"description":882},"\u002Fresources\u002Fmore\u002Fstablecoin-api-rfp-template","Stablecoin API RFP template: sections, scoring, and a vendor scorecard","How to write an RFP for a stablecoin API: the eight sections to include, pass or fail gates, 1 to 3 weighted scoring, a copyable scorecard, and a timeline.",{"path":884,"title":885,"description":886},"\u002Fresources\u002Fmore\u002Fstablecoin-api-openapi-sdks","Stablecoin API SDKs: how one OpenAPI spec keeps five languages in sync","BlindPay's stablecoin API is described by one OpenAPI 3.1 spec that drives validation, docs, SDKs for Node, Python, Go, PHP, and Swift, and the MCP server.",{"path":888,"title":889,"description":890},"\u002Fresources\u002Fmore\u002Fstablecoin-api-sla-settlement-finality","Stablecoin API SLAs and settlement finality explained","Stablecoin API uptime numbers cluster near 99.9% for a reason: most providers measure API acceptance instead of the point where money becomes final and spendable.",{"path":892,"title":893,"description":894},"\u002Fresources\u002Fmore\u002Fstablecoin-api-objects-explained","Stablecoin API objects explained: customers, bank accounts, wallets, quotes, payouts, and webhooks","The core objects behind a stablecoin API, how they relate, which IDs to store in your ledger, and 8 data-model mistakes that break payout integrations.",{"path":896,"title":897,"description":898},"\u002Fresources\u002Fmore\u002Fstablecoin-api-quotes-explained","Stablecoin API quotes explained: expiry, fee direction, and minor units","A stablecoin API quote locks the rate, fees, and amounts for a few minutes. How expiry works, which side pays the fee, and the field that flips meaning.",{"path":900,"title":901,"description":902},"\u002Fresources\u002Fmore\u002Fstablecoin-api-sandbox-vs-production","Stablecoin API sandbox vs production: what testing misses","Most stablecoin API sandboxes pass every integration test and still leave a team unprepared for production, because webhook delivery and idempotent retries are exactly what sandboxes fake or skip.",{"path":904,"title":905,"description":906},"\u002Fresources\u002Fmore\u002Fstablecoin-api-webhooks-reconciliation","Stablecoin API webhooks: signature checks, duplicate events, and reconciliation","How to handle stablecoin API webhooks in production: verify signatures on raw bytes, dedupe retries, never regress a final status, reconcile daily.",{"path":908,"title":909,"description":910},"\u002Fresources\u002Fmore\u002Fstablecoin-fx-slippage-live-quotes","Stablecoin FX slippage: how live quotes turn the quoted rate into the rate you get","FX slippage is the gap between the rate a stablecoin on-ramp or off-ramp shows and the rate that settles. Why quote freshness is a liquidity signal, and how to check a quote-then-execute flow.",{"path":912,"title":913,"description":914},"\u002Fresources\u002Fmore\u002Fstablecoin-cards-latin-america","Stablecoin cards in Latin America: how they work in Brazil, Mexico, Argentina, and Colombia","How USD stablecoin cards work in Brazil, Mexico, Argentina, and Colombia: local card and crypto rules, costs at the point of sale, and when a Pix or SPEI payout fits better.",{"path":916,"title":917,"description":918},"\u002Fresources\u002Fmore\u002Fstablecoin-liquidity-provider-vs-fx-desk","Stablecoin liquidity providers vs traditional FX desks: what finance teams should know","A bank FX desk prices cross-border payouts by relationship. A stablecoin liquidity provider prices them by API. How the two compare on cost, speed, minimums, coverage, and compliance.",{"path":920,"title":921,"description":922},"\u002Fresources\u002Fmore\u002Fstablecoin-payment-fees-vs-card-processing-fees","Stablecoin payment fees vs credit card processing fees: what merchants actually pay","Cards cost merchants 1.5% to 3.5% plus cross-border, FX, and chargeback fees. Stablecoin payments cost cents on-chain plus a sub-percent conversion spread.",{"path":924,"title":925,"description":926},"\u002Fresources\u002Fmore\u002Fstablecoin-payments-guide","Stablecoin payments explained: a guide for businesses","Stablecoin payments move dollar-pegged tokens between parties and settle in minutes, 24\u002F7. How they work, what they cost, and how businesses accept and send them.",{"path":928,"title":929,"description":930},"\u002Fresources\u002Fmore\u002Fstablecoin-payout-statuses-explained","Stablecoin payout statuses explained: processing, on hold, completed, failed, and refunded","What each stablecoin payout status means, which are final, why an on-chain confirmation isn't a completed payout, and how to test every failure.",{"path":932,"title":933,"description":934},"\u002Fresources\u002Fmore\u002Fstablecoin-payroll-latam-contractors","Stablecoin payroll for LATAM contractors: how it actually works in 2026","How US companies pay contractors in Argentina, Brazil, Mexico, and Colombia with stablecoins in 2026: USDC vs USDT, the step-by-step payout flow, US tax reporting, a platform comparison, and how to start.",{"path":936,"title":937,"description":938},"\u002Fresources\u002Fmore\u002Fstablecoin-settlement-for-merchants","Stablecoin settlement explained: how merchants get paid faster than card networks","Stablecoin payments settle in seconds to minutes, final and 24\u002F7. Cards take 1 to 3 business days and wires up to 5. How it works and how to cash out.",{"path":940,"title":941,"description":942},"\u002Fresources\u002Fmore\u002Fstablecoin-virtual-accounts-explained","Stablecoin virtual accounts explained: from bank transfer to wallet balance","A stablecoin virtual account is a bank account in your customer's name whose deposits convert to USDC or USDT. How approval, deposits, and fees work.",{"path":944,"title":945,"description":946},"\u002Fresources\u002Fmore\u002Fstablecoin-virtual-cards-cross-border-payouts","Stablecoin-funded virtual cards vs. traditional virtual cards for cross-border payouts","Stablecoin-funded vs. bank-funded virtual cards for paying contractors and vendors abroad: funding speed, pre-funding, FX cost, settlement finality, and a Brazil walkthrough.",{"path":948,"title":949,"description":950},"\u002Fresources\u002Fmore\u002Fstablecoins-local-rails-latin-america","Stablecoins plus local rails: how cross-border payments actually land in Latin America","A stablecoin crosses the border in seconds, but the payment lands over Pix, SPEI, or another local rail. How that last mile works in Brazil and Mexico.",{"path":952,"title":953,"description":954},"\u002Fresources\u002Fmore\u002Fstablecoin-vs-swift-b2b-payments","Stablecoins vs SWIFT for B2B cross-border payments: a real comparison","Where SWIFT wires still win, where stablecoin settlement wins, and how to compare the two on cost, speed, traceability, and failure modes for business payments in 2026.",{"path":956,"title":957,"description":958},"\u002Fresources\u002Fmore\u002Fusdc-to-ars-routes-2026","USDC to ARS in 2026: routes, fees, and rules compared","Four ways to convert USDC to Argentine pesos in 2026: stablecoin payout APIs, local exchanges, P2P, and global exchanges with Transfers 3.0. Fees, speed, KYC, and Argentina's PSAV rules compared.",{"path":960,"title":961,"description":962},"\u002Fresources\u002Fmore\u002Fusdc-to-brl-routes-2026","USDC to BRL in 2026: routes, fees, and rules compared","Four ways to convert USDC to Brazilian reais in 2026: stablecoin payout APIs, local exchanges, P2P, and global exchanges with Pix. Fees, speed, KYC, and Brazil's VASP rules compared.",{"path":964,"title":965,"description":966},"\u002Fresources\u002Fmore\u002Fusdc-to-cop-routes-2026","USDC to COP in 2026: routes, fees, and rules compared","Four ways to convert USDC to Colombian pesos in 2026: stablecoin payout APIs, local exchanges, P2P, and global exchanges with PSE. Fees, speed, KYC, and Colombia's VASP rules compared.",{"path":968,"title":969,"description":970},"\u002Fresources\u002Fmore\u002Fusdc-to-mxn-routes-2026","USDC to MXN in 2026: routes, fees, and rules compared","Four ways to convert USDC to Mexican pesos in 2026: stablecoin payout APIs, local exchanges, P2P, and global exchanges with SPEI. Fees, speed, KYC, and Mexico's rules compared.",{"path":972,"title":973,"description":974},"\u002Fresources\u002Fmore\u002Fvirtual-account-deposit-not-received","Virtual account deposit not received? Why deposits get delayed, held, or returned","Why a virtual account deposit is late, on hold, or returned: arrival windows, payin statuses, RFIs, wrong rails, and how to trace a wire or SWIFT payment.",{"path":976,"title":977,"description":978},"\u002Fresources\u002Fmore\u002Fvirtual-account-vs-virtual-iban","Virtual account vs virtual IBAN vs real bank account: what's the difference?","A real account holds funds for one holder. A virtual account routes deposits into a master account. A virtual IBAN is the IBAN version. When to use each.",{"path":980,"title":981,"description":982},"\u002Fresources\u002Fmore\u002Fvirtual-account-vs-wallet-address-vs-payment-link","Virtual account vs wallet address vs payment link: how to collect in stablecoins","Three ways to collect money that ends in stablecoins: a virtual account, a deposit wallet address, or a payment link. Compare rails, refunds, KYC, and fit.",{"path":984,"title":985,"description":986},"\u002Fresources\u002Fmore\u002Fvirtual-accounts-cross-border-payments","Virtual accounts for cross-border payments: use cases, payment rails, and costs","How virtual accounts let payers abroad pay a local-style account, which rails collect and pay out, what drives the cost, and five questions to ask.",{"path":988,"title":989,"description":990},"\u002Fresources\u002Fmore\u002Fvirtual-account-vs-one-time-deposit-instructions","Virtual accounts vs one-time deposit instructions: how to collect bank transfers as stablecoins","One-time deposit instructions suit occasional payers and local rails. Virtual accounts suit repeat US payers. How each matches deposits and when to switch.",{"path":48,"title":992,"description":993},"What details do you need to pay someone in Brazil or Mexico? Pix keys, CPF, and CLABE","What a payout to Brazil or Mexico needs from the recipient: Pix key types, CPF and CNPJ formats, the 18-digit CLABE, and the checks that stop a bad payout.",{"path":995,"title":996,"description":997},"\u002Fresources\u002Fmore\u002Fno-pre-funding-stablecoin-payouts","What does \"no pre-funding\" mean in a stablecoin API?","No pre-funding means each payout is funded when you send it, not from a balance parked in advance. The three funding models, the math, and what to ask.",{"path":999,"title":1000,"description":1001},"\u002Fresources\u002Fmore\u002Fwhat-is-a-crypto-on-ramp-and-off-ramp","What is a crypto on-ramp and off-ramp? A guide for fintech builders","A crypto on-ramp converts fiat into stablecoins or crypto; an off-ramp converts them back into fiat in a bank account. How each works step by step, how they differ, which payment methods on-ramps support, and who they are built for.",{"path":1003,"title":1004,"description":1005},"\u002Fresources\u002Fmore\u002Fwhat-is-a-liquidity-market-cross-border-payments","What is a liquidity market in cross-border payments? And why stablecoin liquidity is changing it","A liquidity market in cross-border payments is where the currency to settle a transfer gets sourced. How correspondent banks pre-fund it, and how stablecoin liquidity changes the model.",{"path":1007,"title":1008,"description":1009},"\u002Fresources\u002Fmore\u002Fwhat-is-a-stablecoin-offramp","What is a stablecoin off-ramp? How crypto becomes cash","A stablecoin off-ramp converts stablecoins like USDC or USDT back into fiat currency in a bank account. How the conversion works and who regulates it.",{"path":1011,"title":1012,"description":1013},"\u002Fresources\u002Fmore\u002Fwhat-is-a-virtual-account","What is a virtual account? A plain-English guide for fintech teams","A virtual account is a unique set of bank details that routes incoming payments to one customer or purpose. How it works, who uses it, and where it fits.",{"path":1015,"title":1016,"description":1017},"\u002Fresources\u002Fmore\u002Fwhat-is-payment-orchestration","What is payment orchestration? The routing layer, explained","Payment orchestration is the routing layer between your app and every processor, bank, and rail you use. The five layers, how stablecoin settlement fits, and how it differs from a gateway.",{"path":1019,"title":1020,"description":1021},"\u002Fresources\u002Fmore\u002Fstablecoin-payments-provider-due-diligence","What to ask a stablecoin payments provider: 30 due diligence questions","The questions to ask a stablecoin payments vendor before you sign: licensing, custody, pricing, rails, compliance, failure handling, security, and exit.",{"path":1023,"title":1024,"description":1025},"\u002Fresources\u002Fmore\u002Fwhen-not-to-use-blockchain-payments","When not to use blockchain payments: 7 cases where a bank rail wins","Blockchain payments beat wires on many corridors, not all of them. Seven cases where a domestic rail, a card, or a plain wire is still the better choice.",{"path":366,"title":1027,"description":1028},"Where is my off-ramp payout? How to track it rail by rail, and what to tell the recipient","Track an off-ramp payout from transaction hash to bank: the reference each rail gives you (Pix E2E ID, SPEI key, ACH trace, UETR) and status copy.",{"path":1030,"title":1031,"description":1032},"\u002Fresources\u002Fmore\u002Fwho-pays-gas-fees-stablecoin-payments","Who pays gas fees in stablecoin payments?","Who pays network fees in each stablecoin payment flow, how gas works on Ethereum, Solana, Tron, Stellar, and Arc, and how to compare it across providers.",{"path":1034,"title":1035,"description":1036},"\u002Fresources\u002Fmore\u002Fwhy-are-cross-border-payments-slow","Why are cross-border payments slow? Where the days go in an international wire","Most SWIFT payments reach the destination bank within an hour. The days go to cut-offs, correspondent hops, compliance checks, and local crediting.",{"path":1038,"title":1039,"description":1040},"\u002Fresources\u002Fmore\u002Fwhy-crypto-on-ramp-deposits-fail","Why crypto on-ramp deposits fail: missing references, late transfers, holds, and refunds","Most failed on-ramps fail on the fiat side: a missing reference, the wrong payer, a late transfer, a hold. What happens to the money in each case.",1791469669981]