Paying remote talent in Latin America is a no-brainer.
They’re skilled, motivated, and cost-effective.
But when it’s time to pay them?
Spreadsheets.
Cross-border wires.
Delayed transfers.
Exchange rate issues.
You didn’t sign up to manage financial operations or foreign exchange logistics. You just want to pay your people on time and in full—without operational chaos.
That’s where MiDi comes in.
One Monthly Payment. We Handle the Rest
With MiDi, you make a single USD payment.
MiDi handles multi-country distribution through its regulated banking partner.
What your business gains:
- No operational friction
- Real-time reporting and dashboards
- Transparent pricing, no hidden FX spreads
- Faster, smoother contractor experience
What your team gains:
- Access to USD balances without forced conversion
- Virtual and physical VISA cards
- Greater financial control and stability
Why LATAM Freelance Payments Get Expensive
Even when paying in USD, companies lose money through:
- SWIFT fees ranging from $10–$30 per transaction
- FX spreads of 2–6% baked into conversion rates
- Platform fees for receiving or withdrawing funds
- Delays of 2–5 business days in fund delivery
Example: A $1,000 USD payment through inefficient channels may lose $30–$70 in fees and unfavorable exchange rates.
Platform Comparison: How Leading Tools Stack Up
| Platform | Total Cost | FX Spread | Delivery Time | USD Support | Best For |
| MiDi | ≤1% total | ≤1% | 30 min – 4 hrs* | Yes | Agencies, fast-scaling startups |
| Wise | 0.5–1% | Mid-rate | 1–2 business days | Yes | Freelancers, solo founders |
| Payoneer | ~3–4% | High | 1–3 days | No | Medium-volume payouts |
| Deel | Custom | Variable | 1–2 days | Yes | Enterprise use cases, EOR flows |
*MiDi delivery speed depends on configuration and payment rails selected by the company.
Sources: MiDi, Wise, Payoneer, Deel.
Why MiDi Delivers More Value
MiDi is designed for U.S. companies paying freelancers in Latin America.
Key features include:
- All-in cost ≤1% (FX + fees)
- Direct USD payments, no forced conversions
- Payouts in 30 minutes to 4 hours
- Real-time alerts via Slack or email
- Bilingual human support
- Dashboard with ERP-ready exports and audit trails
MiDi is operated in partnership with Banco San Juan Internacional, regulated by the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF).
What Freelancers and Agencies Say
“I used to lose $40 per $1,000 with Payoneer. With MiDi, I receive the full amount in USD and have full visibility.”
— Software developer, Colombia
“We wanted more than fast transfers—we needed control and real support. MiDi gives us both.”
— Founder, remote agency in Argentina
Cost Isn’t the Only Factor
In addition to saving on FX and fees, MiDi offers:
- Rapid delivery based on your selected rails
- Transaction-level notifications
- Exportable data for accounting and tax filings
- Customer support in both Spanish and English
Which Platform Fits Your Business Best?
- Freelancers or solo founders: Use Wise for clean UX and flexible options
- Fast-growing startups: Use MiDi for bulk payments and USD liquidity
- Enterprise companies or regulated teams: Use Deel or MiDi based on compliance needs
Smart Tips to Reduce Global Payout Costs
- Pay in USD to avoid unnecessary conversions
- Set fee-sharing agreements in advance with your contractors
- Use batch payments to minimize processing charges
- Track exchange rates regularly for optimal transfer timing
- Choose platforms with strong documentation for audits or filings
Final Thoughts: Pay Smarter, Scale Faster
Paying freelancers in Latin America shouldn’t be complicated or expensive. MiDi allows you to:
- Deliver USD payments fast and transparently
- Reduce total payout costs to 1% or less
- Eliminate unnecessary banking delays
- Operate with confidence and full control
Start transforming the way you manage LATAM payouts.
Try MiDi today and build a faster, more cost-effective payment operation that scales with your team.
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