Receive payouts with a local wire transfer in PEN (Peru)
Overview
A PEN local wire transfer is a transfer of funds between banks in Peru in the local PEN 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
Peruvian Sol (PEN)
📌 If the currency of your balance in Smartcat is different from PEN, the funds are converted to PEN at the Smartcat exchange rate.
Commission
11 PEN
You can view a list of companies that are reimbursing your commission in the My Payouts section (click the More Details button on your payout method).
Minimum and maximum payout amounts
From 15 PEN to 39,700 PEN
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 |
| Birth date | ✓ | ✕ | Beneficiary's birth date |
| Beneficiary company name | ✕ | ✓ | Beneficiary's company legal name |
| Recipient's country | ✓ | ✓ | Beneficiary's country |
| Recipient's state (province, prefecture) | ✓ | ✓ | Enter a state, province, or prefecture if the beneficiary's country is the United States, Mexico, Canada, or Japan |
| 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 |
| Tax ID | ✓ | ✓ | Beneficiary tax identification number |
| Account number | ✓ | ✓ | Beneficiary's bank account number |
| Recipient's phone number | ✓ | ✓ | Correct beneficiary's phone number |
| Bank name | ✓ | ✓ | Name of the bank receiving the funds |
| Bank code | ✓ | ✓ | SWIFT code of the beneficiary's bank |
| Document type | ✓ | ✓ | Passport, Documento Nacional de Identidad, or Carnet de Extranjeria |
| Number | ✓ | ✓ | Document number |
| Recipient's account type | ✓ | ✓ | Savings/Check |
| Nationality | ✓ | ✓ | Beneficiary's nationality or country of incorporation |
| SWIFT | ✓ | ✓ | 8–11-digit code identifying the country, city, bank, and bank branch of the beneficiary |
| IFSC | ✓ | ✓ | Alphanumeric code of the bank branch participating in the electronic money transfer system |
| Occupation | ✓ | ✓ | Type of activity of the beneficiary or company |
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?
Do the following:
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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 that the details (TIN, account number, bank name, bank code, account type) are correct
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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?
If you cannot find the payment, check your account statement for the following transactions. As a reference, the payment ID can be specified in the format PO-XXXXXX-XXXXX, which you can find in the Payout History section. SMARTCAT EUROPE BV or VITESSE PSP LTD is displayed as the sender, depending on the receiving bank.
For which countries is this method available?
The method is only available for receiving funds to a bank account in Peru.
I received a payment. What details should be used for billing?
When receiving funds by local wire transfer in PEN, enter the following Smartcat details in your account:
Full name: Smartcat Europe BV
Legal address: Strawinskylaan 613, 1077 XX Amsterdam, the Netherlands
VAT no.: NL859832880B01
Still need help?
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