Brazilian companies remit BRL via Pix. US contractors receive USD via ACH. One FX conversion event — IOF code 7.11 triggers once, not twice. The second 0.38% leg that traditional processors charge: gone. Settlement confirmed by 11:00 BRT same business day.
The entire BRL-to-USD payroll transfer flows through a single FX conversion event. No intermediary currency. No second IOF trigger. No hidden spread on the outbound ACH wire.
Your finance team sends BRL via Pix from your corporate account to BackChannel's CNPJ-registered chave Pix. Settlement is confirmed in seconds. CNPJ-verified, audit-ready.
One FX event. IOF code 7.11 applies once — on the inbound leg only. No second conversion, no second IOF charge. Spread: 0.25% over mid-rate.
ACH credit to the US contractor's bank account. Confirmed settlement by 11:00 BRT same business day. No action required from the contractor.
Traditional cross-border payroll processors run two FX events: BRL converts to an intermediary offshore currency, then routes to USD. Each conversion triggers IOF at 0.38% under code 7.11. On a R$200K monthly payroll that's R$760 gone per month — R$9,120 per year — in a structural inefficiency, not a tax you can avoid.
BackChannel structures the transfer as a single FX leg: BRL converts directly to USD. The outbound ACH wire to the US contractor is downstream of that conversion — not a second FX event, not a second IOF trigger.
Avenida Brigadeiro Faria Lima, 3477 — the address of Brazil's primary financial services cluster. We work alongside the CFOs and treasury desks who are our customers. Not a remote-first company selling into a market it doesn't sit in.
Designed around IOF code 7.11 from the ground up. The single-leg FX structure is the product — not a workaround, not a grey-area exemption. One conversion event; IOF applies once. That's the structural reality we build to.
11:00 BRT cutoff, same business day. Upload payroll by 09:00, Pix transfer by 09:30, USD settled by 11:00. This is a treasury operations product — the SLA is a hard commitment, not a marketing estimate.
IOF code 7.11, Pix settlement mechanics, RFB reporting — written for Brazilian finance teams and US contractors who need operational detail, not fintech think-pieces.
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