Foreign Exchange (FX) Overview

WEpayments provides FX solutions for international companies operating in Brazil, including currency conversion for Payin (receiving) and Payout (sending) operations. This guide covers how FX works, the eFX model, and automatic conversion fees.

What is eFX (electronic foreign exchange)?

eFX is a foreign exchange transaction model that enables simultaneous conversion and settlement of cross-border payments. It is regulated by BCB Resolution nº 277/2022.

Key characteristics

Feature	Description
Simultaneous execution	Currency conversion and payment settlement happen in an integrated flow
BRL settlement	Even international operations can settle in Brazilian reais
Compliance framework	Aligned with Central Bank of Brazil regulations
Use cases	Cross-border e-commerce, service payments, supplier payments

How FX works at WEpayments

For international companies receiving payments (Payin)

Step	Description
1	Customer in Brazil pays in BRL (PIX, boleto, credit card)
2	WEpayments receives the BRL payment
3	FX conversion applied based on agreed rate
4	Funds settled in your foreign currency (USD, EUR, etc.)

For international companies sending payments (Payout)

Step	Description
1	You send foreign currency to WEpayments
2	FX conversion applied based on agreed rate
3	WEpayments converts to BRL
4	Payment sent to Brazilian beneficiary via PIX or TED

Automatic Conversion Fee

For cross-border operations, an automatic conversion fee applies when currency exchange is performed.

Aspect	Details
What it is	Fee applied to each FX transaction
When charged	At the time of currency conversion
Who pays	The party requesting the conversion
Calculation	Percentage of transaction amount (varies by contract)

💡 Contact your account manager for specific fee rates applicable to your operation.

CBD transactions (Cannabidiol) – specialized eFX flow

For merchants selling cannabidiol (CBD) products to Brazilian patients, WEpayments offers a specialized eFX payment processing structure.

Regulatory framework

Regulation	Description
ANVISA RDC nº 660/2020	Defines rules for CBD medication sales in Brazil
BCB Resolution nº 277/2022	Governs eFX transactions

Patient journey requirements

Step	Requirement
1. Medical prescription	Issued by a qualified healthcare professional
2. ANVISA authorization	Patient registers with ANVISA, attaching the prescription
3. Authorized purchase	Patient can purchase medication through your platform

Recommended operational structure

Entity	Role	Requirements
Foreign company	Legal seller of the medication, generates charge to patient	Must have active cross-border account at WEpayments
Brazilian company	Local service representative	No corporate overlap with foreign company; compensated via WEpayments Payout

⚠️ Important: There must be no corporate overlap between the foreign seller and the Brazilian representative.

Required documents for payment release

Document	Source
Medical prescription	Patient
ANVISA authorization	Patient
Invoice	Your platform
Identity document	Patient or legal guardian

Payment flow and release timeline

Step	Timing
Payment executed (PIX/boleto = “Paid”, credit card = “Credited”)	Immediate
Document submission	Via platform
Compliance analysis	Business days, until 12:00 BRT
Final credit release	After document approval

💡 The payment will show as “Paid” or “Credited” in the system, but funds are only effectively released after document approval. Monitor status via Dashboard > Compliance menu.

Benefits of the eFX model

Benefit	Description
Speed	Faster payment processing
FX exposure	Reduced exposure to currency fluctuation
Compliance	100% aligned with Brazilian regulations
Local settlement	International operation with funds maintained in the country

​What is eFX (electronic foreign exchange)?

​Key characteristics

​How FX works at WEpayments

​For international companies receiving payments (Payin)

​For international companies sending payments (Payout)

​Automatic Conversion Fee

​CBD transactions (Cannabidiol) – specialized eFX flow

​Regulatory framework

​Patient journey requirements

​Recommended operational structure

​Required documents for payment release

​Payment flow and release timeline

​Benefits of the eFX model