Receive payouts by local wire transfer in ARS (Argentina)
Overview
Local wire transfer in ARS is a transfer of funds between banks in Argentina in the local ARS currency. This method is valued for its reliability, convenience, and speed, as it provides a direct transfer from one bank account to another within the country.
Supported currencies
Argentine Peso (ARS)
📌 If the currency of your balance in Smartcat is different from ARS, the funds are converted to ARS at the Smartcat exchange rate on the day of the payment.
Commission
3 USD + 0.5% of the withdrawal amount.
The fee is converted to ARS at the Smartcat exchange rate on the day of the payment.
You can view a list of companies that are reimbursing your commission in the My Payouts section (click the Learn more button on your payout method).
Minimum and maximum payout amounts
From 15,000 ARS to 1,700,000 ARS.
Smartcat allows setting the minimum amount, starting from which the payment is sent to you. You can learn more in the article Minimum payout amount.
Required details
| Field | Individual | Company | Description |
|---|---|---|---|
| Beneficiary type | ✓ | ✓ | Individual or company beneficiary |
| Beneficiary first name | ✓ | ✕ | Name of the individual beneficiary |
| Beneficiary last name | ✓ | ✕ | Last name of the individual beneficiary |
| Beneficiary company name | ✕ | ✓ | Beneficiary's company legal name |
| Birth date | ✓ | ✕ | Beneficiary's birth date |
| Recipient's country | ✓ | ✓ | Beneficiary's country |
| Recipient's city of residence | ✓ | ✓ | City or town from the beneficiary's address |
| Recipient's address | ✓ | ✓ | Beneficiary's address, including building number or name |
| Recipient's postal code | ✓ | ✓ | Beneficiary's postal code |
| CUIL/CUIT | ✓ | ✓ | Unified Labor Identification Code/Unified Tax Identification Code |
| Recipient's phone number | ✓ | ✓ | Beneficiary's phone number |
| Bank name | ✓ | ✓ | Name of the bank receiving the funds |
| Bank address (including country) | ✓ | ✓ | Address of the branch of the bank where the beneficiary has an account |
| SWIFT | ✓ | ✓ | 8-11-digit code identifying the country, city, bank, and bank branch of the beneficiary |
| Account number (CBU) | ✓ | ✓ | Beneficiary's bank account number |
| Branch | ✓ | ✓ | Code of the bank branch where the beneficiary's account is opened |
| Recipient's account type | ✓ | ✓ | Savings or checking |
Advantages
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Cheaper than international transfer. There is no intermediary bank, and the commission is lower than for an international wire transfer
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Speed. Payouts are processed up to 3 business days on the Smartcat side and up to 1-2 business days on the bank side
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Funds are received immediately in the local currency. You do not spend money on additional conversions and can use the money in your country right away
FAQs
I chose this method, but the payment was rejected. Why?
Act as follows:
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Make sure you provide payment details for a local wire transfer (not an international SWIFT transfer)
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Make sure that the postal code, city, street, and house number are specified in the corresponding fields of the details. Make sure that you do not enter a PO box or email address instead of your residential address
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Check if the specified details are correct (account number (CBU), SWIFT, branch, beneficiary account type, CUIL/CUIT)
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Make sure that the name of the account holder is entered in the details exactly as it is in the bank details, including all spaces and symbols
If the details you provided are correct, contact your bank branch to find out the reason for the rejection of the payment on the bank's side.
I cannot find the payment. What does the payment look like on the bank statement?
The purpose of the payment indicates the payment ID in the format PO-XXXXXX-XXXXX, which you can find in the Payout History section.
SMARTCAT EUROPE BV or VITESSE is displayed as the sender, depending on the beneficiary's bank.
For which countries is this method available?
The method is only available for receiving funds into a bank account in Argentina.
I received a payout from Smartcat. I need to invoice for this payment. What details should be used for issuing such invoices?
When receiving funds by local bank transfer in ARS, you need to enter the following Smartcat details in your account:
Full name: Smartcat Europe BV
Legal address: Strawinskylaan 903, 1077 XX Amsterdam, the Netherlands
VAT no.: NL859832880B01
Still need help?
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