Payouts to Colombia
Pay Colombian pesos from USDT or USDC
Colombia is Latin America's outsourcing hub: Medellín and Bogotá software teams, customer-service centres and design agencies bill clients in the United States and Europe, and XEROF pays them in pesos. COP is paid to a Colombian bank account from a USDT or USDC balance, business to business, business to consumer and consumer to business.
How a payout to Colombia works
The receiving market sets no fixed ceiling; beneficiary KYC applies at high value and the payment is released once it is complete.
- Payout currency
- COP
- Paid to
- Bank account in Colombia
- Payment types
- B2B (business to business), B2C (business to consumer), C2B (consumer to business)
- Maximum per payment
- no fixed maximum; beneficiary KYC at high value
- Rails
- Local bank transfer in COP
- Pricing
- Per corridor: the COP leg is quoted per payment on the confirmation
Who pays Colombian pesos this way
- A company paying a Medellín development team's monthly invoice in pesos.
- An importer settling a Colombian coffee or flower exporter against the commercial invoice.
- A private client paying a Colombian lawyer, notary or contractor in COP.
Paying Colombia from Zug: timing and practicalities
Bogotá is six to seven hours behind Zug, so a peso payment confirmed in the Swiss morning is queued for the opening of Colombian banking and credited the same day; one confirmed in the Swiss afternoon credits the next Colombian banking day. Colombia has one of the highest counts of public holidays in the region.
Colombian beneficiaries are addressed by account type, ahorros or corriente, and number, with the NIT for companies or cédula for individuals. Outsourcing invoices from Medellín and Bogotá are usually monthly, so beneficiaries are screened once and paid repeatedly.
What XEROF needs before the first payment
- Beneficiary name, bank, account type (ahorros or corriente) and account number, and NIT or cédula.
- The invoice or contract the payment settles.
- Beneficiary KYC documentation at high value, requested before release.
A worked example in COP
- You send
- USDC 15,000 on ERC-20
- XEROF converts
- USD 15,000 at the live rate
- Beneficiary receives
- COP to the supplier's account
- Fees on this example
- Brokerage fee (minimum USD 200) plus the quoted COP leg
Common questions
- Do you need the beneficiary's NIT or cédula?
- Yes. Colombian bank payments carry the beneficiary's tax or identity number alongside the account details.
- What is the maximum for a COP payout to Colombia?
- No fixed maximum; beneficiary KYC at high value, set by the receiving market.
Colombia: limits set by the receiving market, availability subject to screening and partner requirements, indicative and not an offer. See the coverage table.
Open a XEROF account to pay Colombian pesos in Colombia.