Wise charges from 0.4% + IOF. Ruvo: 0% IOF
At Wise, sending money abroad carries 3.5% IOF. At Ruvo, transfers run on digital dollars: 0% IOF and fees from 0.3%.
How to Receive USD in Brazil Without IOF
Receive dollars from abroad, as an individual or a business, with clear fees and the real commercial rate.
Backed by leading global investors
How it works:
1
Open your USD account
Sign up in 5 minutes. A US account in your name, with regulated partners. In Brazil, Pix is regulated by the Central Bank.
2
Receive from abroad
Your client or employer sends dollars and the money lands instantly, always with 0% IOF.
3
Convert or spend
Convert to reais via Pix or keep dollars and spend on the card.
4
Send and receive dollars
Via ACH, Wire or RTP, straight from the app.
PayPal charges over 6%. Ruvo: from 0.3%
On PayPal you pay seller fees on international sales, and another 3.5% on conversion. Ruvo is a full dollar account: receive, card, Pix and 0% IOF.
Nomad charges 1% to 2% + IOF. Ruvo: from 0.3% and no IOF
At Nomad, the fee depends on your program level and IOF is 3.5%. At Ruvo, one clear fee and 0% IOF.
BTG charges IOF. Ruvo: 0% IOF, in digital dollars
BTG runs on SWIFT, with 3.5% IOF plus spread. Ruvo removes IOF by using digital dollars.
Inter charges IOF. Ruvo: no IOF and no hidden markup
Inter charges IOF and adds a markup on international operations. At Ruvo: real commercial rate, fees from 0.3% and 0% IOF.
International transfers with no IOF
Banks charge 4% to 8% in fees and spread, plus IOF. Ruvo: fees from 0.3%, 0% IOF and money in your account in minutes.
Ruvo has no IOF
An international bank transfer costs 4% to 8% in fees and spread, plus 3.5% IOF, and can take up to 5 days. Wise charges from 0.4% plus IOF. Nomad, 1% to 2% plus IOF. Ruvo does it all in digital dollars, which aren't subject to IOF, and charges one clear fee.
Comparison table
Name
Itaú
Wise
Nomad
RuvoIOF
3.5%
3.5%
3.5%
No
Fee
4% to 8%
from 0.4%
1% to 2%
0.5% (ACH)
Time
Days
Days
Days
Minutes
People receiving from family
Students abroad or anyone with relatives in another country.
- Receiving is free
- Money in your account in minutes
- Hold dollars earning
Receiving
How Brazilians receive money from abroad
A US account in your name, receiving is free and the money lands in minutes. Then convert to reais via Pix, hold dollars earning, or spend on the card with no IOF.
Salary from abroad
Straight from Deel, Rippling, Upwork or your employer.
Family and friends
Parents, kids or a partner sending money from abroad, in minutes.
Clients abroad
Get paid by clients as an individual or through your company.
Article
Ruvo, a fintech do ex-Uber que facilita o 'Pix' entre Brasil e EUA
“Billions of reais are lost to unfavorable exchange rates, hidden fees and outdated infrastructure. (...) Using stablecoins, payment is nearly instant, like Pix.”
Continue readingFor people earning abroad
Working internationally opens new opportunities
Working with international clients often means higher pay, better opportunities, and more flexibility.
Better compensation for your skills
Global rates typically exceed what local markets offer for the same work.
More stable, recurring income
International contracts often run longer and more predictably than local projects.
Freedom to work on your terms
You choose clients, projects, and schedules without geographic limits.
Learn more about IOF and Ruvo
Common questions about fees, security, and how Ruvo works day to day.
Your purchases and transfers on Ruvo run on digital dollars, which aren't subject to IOF. You only pay the transaction fee, shown on screen before you confirm. As with any tax rule, this is subject to current regulation. Learn more about 0% IOF.
See more questionsYes. Ruvo is backed by Y Combinator and works with regulated partners in the US and Brazil. Your wallet is self-custodial: only you control the keys and move your assets — not even Ruvo has access.
See more questionsYes. The Ruvo card works worldwide, with Apple Pay and Google Pay. No fee on dollar purchases, 0% IOF.
See more questions- See more questions about Get to know Ruvo
