RedotPay Mexico Payouts Send Crypto, Receive MXN
RedotPay Expands Multi-Market Payouts to Mexico: Send Crypto, Receive MXN (via CPN)
You can now send crypto (often stablecoins) and deliver MXN to Mexican bank accounts with RedotPay. The corridor leverages Circle Payment Network (CPN) for clearer quotes and faster settlement, showing you FX, fees, and ETA before you confirm. Perfect for remittances, contractor payouts, and vendor invoices.
Availability, limits, rails (e.g., SPEI), and supported assets vary by region/tier. Always confirm inside the app.
Why This Matters
- Lower total cost: Move value on low-fee networks; convert at the edge into MXN.
- Speed & clarity: Live quotes with fees + ETA upfront; real-time status.
- Business-ready: Reference IDs, memos/tags, downloadable CSV statements.
- Flexible funding: Start from USDT/USDC or supported balances; settle to local bank rails.
How It Works
- Verify (KYC/KYB) to unlock corridor limits.
- Fund your RedotPay balance (commonly USDT/USDC on a low-fee network).
- Go to Global Payout → Mexico (MXN).
- Enter recipient details: legal name (as on bank record), bank/SPEI details, and any required tax IDs.
- Review the live quote: FX rate, platform/Payouts to Mexico fee, ETA.
- Approve with passkey/2FA; keep alerts on.
- Track & reconcile: Activity log + receipt; export for accounting.
Fees, FX, and Timing
- Network fee: Keep the transport leg on low-fee chains.
- FX spread: Visible on the quote screen; biggest driver on fiat Payouts to Mexico.
- Payout fee: Corridor-specific (shown before confirm).
- Timing: Often minutes to same day on supported rails; compliance reviews may add time.
Popular Use Cases
- Remittances & family support: Predictable MXN delivery with clear fees.
- Contractors & agencies: Weekly/bi-weekly batch payouts with memos (invoice #, project).
- Vendors & suppliers: Settle invoices in MXN; attach PO references for reconciliation.
- Creators & affiliates: Micro-payouts during campaign periods with tight spreads.
Pro Tips
- Convert at the edge: Keep funds in stablecoins; swap to MXN only at Payouts to Mexico.
- Batch payouts: Fewer, larger runs reduce fixed costs and admin.
- Verify recipient once: Match name + account exactly; then whitelist.
- Trade windows: Send during peak banking hours for smoother delivery.
- Memo/tag everything: “INV-0426 / Q4-Design” for perfect matching later.
- Choose local currency at POS: If you also use a card in Mexico, decline DCC.
Compliance & Safety
- KYC/KYB for higher limits and corridor access.
- Passkeys (FIDO2/WebAuthn) + 2FA fallback; instant spend alerts.
- Whitelist recipients; start with a small test.
- Disputes & records: Keep receipts and export monthly statements.
FAQs
Do I have to use USDC/USDT?
Stablecoins are common for funding due to liquidity and speed. Check in-app for supported assets.
Which Mexican rails are used?
Availability may include SPEI and other local rails depending on provider and tier—confirm live options in the app.
What are the limits?
Per-transaction/daily/monthly limits depend on your tier, verification, and risk profile.
Can businesses use this corridor?
Yes—KYB accounts can run payroll/vendor Payouts to Mexico with memos/tags and CSV exports.
Does this affect my card limits?
No—card/BIN limits are separate from Payouts to Mexico corridor limits.