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How to get paid in dollars in Argentina: options and requirements
Discover the best options to get paid in dollars in Argentina as a freelancer or services exporter. Learn about the requirements and available methods.
Getting paid in dollars in Argentina is one of the main concerns for freelancers, independent workers, and providers of services abroad. There are several payment methods, each with different costs, timelines, and requirements.
In this article, we explain the available options for receiving payments in dollars and what you need to know to meet your tax obligations
Options for getting paid in dollars in Argentina
The most popular options for receiving payments in dollars in Argentina are:
Payment platforms and digital wallets (belo, PayPal, Payoneer)
International bank transfers (SWIFT)
Cryptocurrencies
Each one has its advantages and requirements, so let's take a detailed look at them
Payment platforms and digital wallets
Many Argentinians choose to get paid in dollars via payment platforms or digital wallets since they tend to be more flexible, faster, and more affordable than bank transfers.
Advantages
You receive payments in dollars without automatic conversion to pesos (depending on the platform).
Lower costs and fees compared with bank transfers.
Flexible withdrawals: many platforms allow you to transfer to a dollar or peso account, depending on what you prefer.
Faster than bank transfers: in most cases, the money is credited within minutes or a few hours.
Possible disadvantages
Some platforms charge withdrawal or currency conversion fees.
Not all wallets allow you to withdraw funds directly to a bank account in Argentina.
Some may require additional verification to access all features.
With belo, you can now open a free dollar receiving account and receive international payments without fees: from accounts in the United States or platforms like PayPal, Upwork, and Deel. As you read it, NO FEES!
Do you use Payoneer? You can also use belo to withdraw your dollars from Payoneer instantly and make use of them without restrictions.
What can you do with your dollars in belo?
They are credited as USDc and you can use them instantly, without needing to convert to pesos.
Use the belo Mastercard (international card) to pay with your foreign balance at any merchant, online or in person. We convert to pesos for you at the time of payment.
Generate automatic earnings without lifting a finger.
Withdraw your balance to local or international accounts whenever you want.
Download the app and discover all our payment options
International bank transfers (SWIFT)
SWIFT transfers are the standard banking method for receiving international payments in dollars. They are used to send money from a bank account abroad to an account in Argentina, either in dollars or in pesos.
Advantages
Accepted by all international companies: it is the global banking standard for payments between accounts.
You can receive up to USD 24,000 per year without being required to convert it to pesos if you have a dollar account in Argentina.
Compatible with multiple countries and currencies.
Possible disadvantages
High banking costs: fees for international transfers are usually high (0.25% to 4%), plus additional intermediary charges.
Long crediting times: a SWIFT transfer can take between 2 and 5 business days to be credited.
Mandatory conversion to pesos if you don't have a dollar account: If the funds go into a peso account, they are automatically converted at the official exchange rate, which can mean a loss in value.
Cryptocurrencies
Freelancers who choose this method usually receive payments in stablecoins such as USDT, USDC, or DAI, which maintain a 1:1 value with the dollar. This type of crypto asset is popularly known as “digital dollars” or “crypto dollars”.
Advantages
Immediate availability: payments are made within minutes or hours, with no banking crediting times.
Stablecoins that maintain their value in dollars: they help avoid the volatility of the crypto market.
Various conversion options: cryptocurrencies can be exchanged for pesos through exchange platforms.
Possible disadvantages
Requires technical knowledge: the user must be familiar with secure and regulated platforms to handle crypto assets.
Limited adoption: not all companies or clients accept payments in crypto.
Tax regulations: it is important to declare income received in crypto in order to comply with tax rules.
Requirements for getting paid in dollars in Argentina
If you provide services abroad and get paid in dollars, it is important to comply with certain regulations to avoid tax and banking issues.
Register with AFIP → you need to be a monotributista or registered taxpayer in order to invoice your services abroad.
Issue an E Invoice → If you are getting paid from abroad, you must issue an E Electronic Invoice to record the transaction.
Declare income in dollars → If the funds remain outside the country, you may need to report them in your annual tax return.
To keep your finances in order and comply with all your tax obligations, the best thing is to have guidance from a professional. That is why at belo we offer you an exclusive discount on Tributo Simple, so you can access specialized accountants and manage your tax situation without complications.
