How to get paid in dollars in Ecuador

Ecuador uses the US dollar, so nothing is lost converting: an international transfer (SWIFT) lands in dollars at your account at Banco Pichincha, Produbanco or Banco Guayaquil. Payoneer can withdraw to Ecuadorian banks and Wise gives you US account details. PayPal can receive.

  • Account at Banco Pichincha, Produbanco or Banco Guayaquil: receives SWIFT in dollars.
  • Payoneer: receives payments from companies and marketplaces and withdraws to your bank.
  • Wise: account with US details to get paid by ACH.
  • Deel, Ontop and similar: pay to Payoneer, Wise or your bank.

Taxes in Ecuador

Taxes are run by SRI. Get your RUC and ask an accountant how to invoice and report services you provide to foreign companies.

Tips

  • Earning dollars in a dollarized country is an edge: no currency risk between what you earn and what you spend.
  • GMT-5 all year: in winter you match US Eastern time exactly.

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Frequently asked questions

Yes: there are 96 open remote jobs for Ecuadorians from 19 companies on RemoteJobs.lat, with new ones every month.

Directly: a SWIFT transfer lands in dollars at your bank, or you use Payoneer or Wise and withdraw to your account.

Yes, with your RUC from SRI. Ask an accountant how exported services are treated.

Mainland Ecuador is on GMT-5 all year: in winter it matches US Eastern time and in summer it's one hour behind.
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