If you’re a Chile-based business receiving payments from Stripe (or other U.S.-based platforms), you may face hurdles when trying to move funds into local pesos, especially if you don’t have a U.S. entity. Here’s a deep dive into how to solve it using four top solutions.
1. Wise Business
✅ Local USD receiving + conversion to CLP
- Get a U.S. routing number and account via Wise (with a one-time setup fee) (wise.com)
- Stripe can send payouts directly via ACH to this account
- Wise converts USD to CLP at near–mid-market FX, typically within 1 business day (wise.com)
- Add CLP balance and withdraw to Chilean bank account
- Fees: no receipt fee (ACH is free), conversion fee ranges (generally lower than traditional banks)
Drawbacks
- Must verify for USD account
- Settlement isn’t instant, often 1–2 days
- Not suitable for large amounts, and most users complain of their accounts being blocked at random.
- Not crypto friendly
2. Payoneer
✅ Multi-currency receiving + local CLP withdrawal
- Request a USD receiving account via Payoneer
- Stripe payouts land here; you can send withdrawals to your CLP bank account (payoneer.com, wise.com, payoneer.com)
- Payoneer charges 2–3 % FX margin + withdrawal fees (payoneer.com)
- Supports mass payouts and prepaid Mastercard access for spending
- Fees: variable depending on currency flows
Drawbacks
- Higher FX spread compared to Wise
- Local Chilean withdrawal times up to 2 business days
- Can only receive payments from business accounts, and the account sending must not be in your name
- Not crypto friendly
3. Global66
✅ Latin America–centric FX provider
- A Chilean-founded fintech offering USD collection and conversion
- Accepts small-median US transfers, offers CLP liquidity within 1 business day
- Charges a FX spread markup over mid-market
- Ideal for low-value, frequent transfers to Chile
Drawbacks
- Less suited for high-volume business payouts
- Primarily for individual or SME use
- No API functionality
- Not crypto friendly
4. Yativo
✅ Helps LATAM Companies Handle Cross-Border Payments
- Create a USD Bank Account for your business using Yativo and use it to receive payments from Stripe
- Optional conversion to CLP (or USDC) with real-time FX
- Instant Payout to ALL Chilean bank (CuentaRUT, CuentaCorriente, Banco de Chile, etc) instantly via API or dashboard
- Issue per-invoice named USD Bank accounts for automated reconciliation
- Fees: Based on volume
- Developer-friendly: full REST API, webhooks, and metadata support for transaction-level matching
Why It Outperforms Others
- Create multiple bank account numbers for each invoice
- Lightning-fast settlement via local rails
- Transparent FX rates
- All-in-one flow: “USD-in → CLP-out”
Feature Comparison
| Feature | Wise Business | Payoneer | Global66 | Yativo |
|---|---|---|---|---|
| USD Receiving Account | ✔️ | ✔️ | ✔️ | ✔️ |
| FX Spread | ~0.3–1% | ~2–3% | ~1–2% | Transparent real-time |
| Withdraw to CLP | 1–2 days | 1–2 days | ~1 day | Instant via API |
| Per-payment unique Account | ❌ | ❌ | ❌ | ✅ Create as many accounts as you need |
| API/Automation | Basic | Limited | None | ✅ Full REST + webhooks |
| Fees | Low | Moderate | Mixed | Low |
| Best For | SMEs, freelancers | Marketplaces / freelancers | Personal/small biz | Businesses of all sizes |
Final Recommendations
- Use Wise if you just need low-cost conversion with moderate reconciliation needs.
- Use Payoneer if you only receive from businesses and can wait 2-3 days to get settled.
- Use Global66 for lower-value, non-business flows into CLP.
- Use Yativo if you collect frequent business payments from the US to your Chilean Bank, especially if they are large payments.
Wrapping Up
If you don’t have a U.S. entity but receive USD from Stripe:
- Wise and Payoneer are solid, but fall short on per-payment tracking.
- Global66 helps with small transfers, but lacks business features.
- Yativo offers a purpose-built, developer-first solution with unique CLABEs to simplify USD collection and CLP payouts—perfect for SaaS, marketplaces, and any platform needing clear, automated reconciliation.
👉 Learn more about Yativo’s Virtual Account flows
👉 Contact Yativo Sales to see a live demo