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A smarter, more secure way to buy or sell property in Spain and Portugal

Buying or selling a home is one of life’s biggest moments. Redpin makes payments safer, simpler and swifter, while helping you avoid unnecessary bank fees.

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What is Redpin? 

Redpin is a secure payments platform designed specifically for property transactions. 

It brings everything into one straightforward space, so you can make and track payments, share details safely, and receive updates from your property professional. 

At the same time, you save money by avoiding the hefty bank fees on large transfers, while cutting out the hassle and risk of back-and-forth emails. 

Your advisor still handles the process for you, but you get full visibility and support whenever you need it. 

The benefits of using Redpin

From faster payments to stronger protection against fraud, Redpin makes property transactions simpler, safer and more cost-effective. 


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Advanced security

Your money is protected with bank-grade encryption, safeguarded accounts, and secure payment systems. 

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Lower fraud risk

You won’t need to rely on email for sensitive payment details, removing one of the biggest sources of cybercrime. 

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Faster payments

Avoid delays and speed up the completion process. Payments to European accounts clear within minutes.

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No transfer fees

Save money by sidestepping bank charges, and enjoy excellent exchange rates with no transfer fees when sending funds abroad. 

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Complete visibility

Track every payment, deadline and update in one easy-to-use workplace, with 24/7 access. 

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Expert support

Enjoy expert support from a friendly multilingual team, ready to guide you whenever you need help. 

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Outstanding service”

“They went above and beyond to support me and our house purchase in Spain. Giving assurance and help when you’re spending, sending and converting money is a scary business. Our account manager Emma could not have been more helpful. Outstanding service.”  

A step-by-step guide to Redpin for buyers and sellers

Buyers


Number 1 one

Register 

Set up your account quickly online or over the phone. You’ll need ID and a mobile device to verify your identity. 

Number 2 two

Get instructions

You’ll receive payment requests securely on Redpin, with sensitive information like account details never disclosed over email – keeping you protected from fraud. 

Number 3 three

Add funds

Log in to review requests and pay by bank transfer. Once sent, your money is held securely in a safeguarded account. 

Number 4 four

Complete the purchase

On completion day, your property professional releases all the payments, such as the seller’s proceeds, solicitor and estate agent fees, or funds to the outgoing lender.  


View the buyers walkthrough


Sellers


Number 1 one

Register

Set up your account quickly online or over the phone. You’ll need ID and a mobile device to verify your identity. 

Number 2 two

Share account details

Share your account details securely in the Redpin platform. If you don’t yet have a euro account, we’ll automatically set one up for you, so it’s ready when you need it. 

Number 3 three

Receive your proceeds

Your account details are shared with the buyer via Redpin, and you’ll receive payment swiftly and safely upon completion. 

Number 4 four

Access your funds instantly

Payments are instant if both parties use Redpin. If you need to transfer money overseas, you’ll also get excellent exchange rates and expert support. 


View the sellers walkthrough

Why Redpin is better than traditional payment methods

Unlike traditional methods such as bank transfers or cheques, Redpin is free, instant and secure – with all funds safeguarded in accordance with Bank of Spain and Bank of Portugal regulations.


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Trusted by buyers, sellers and property professionals

Redpin is built with Currencies Direct, a multi-award-winning money transfer specialist with 25 local branches across Spain and Portugal.


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€10bn+ securely transferred annually

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30 years’ experience in global property payments

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180+ property professionals completing with Redpin

Star rating

4.9 Trustpilot rating

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Registered with the Bank of Spain and the Bank of Portugal

FAQs

Yes. Your money is protected in multiple ways. We're registered with the Bank of Spain and Portugal, which means we meet strict financial security standards. We also protect your banking info behind multi-factor authentication – the same process your bank uses.

Most buyers save thousands of euros. Traditional Spanish banks charge high fees for banker's cheques and transfers – often €150-€1000 per transaction, plus additional charges for currency conversion. With Redpin, you'll avoid these unnecessary fees entirely. We also offer competitive exchange rates with zero transfer fees for international payments. For a typical property purchase, buyers often save €2,000-€5,000 compared to traditional bank routes.

Absolutely. You'll have access to our award-winning multilingual support team throughout your purchase. Unlike automated chatbots, you can speak with real people who understand Spanish property transactions. We offer support by phone and email, and your lawyer's dedicated account manager is also available to help coordinate your transaction.

It's straightforward. Your lawyer will invite you to create a secure Redpin account – it takes about 10 minutes. You'll verify your identity (standard banking security), then you can see all the payments needed for your property purchase in one place. When it's time to pay your deposit or completion funds, you'll transfer money from your UK bank to your Redpin account. Your lawyer then controls when and where those funds go – to the seller, for taxes, or utility payments – all tracked in real-time so you always know where your money is. On completion day, payments happen instantly.

Your funds are deposited instantly into your Redpin account on completion day. From there, you can immediately transfer them to your personal bank account, apply them to your next property purchase, or keep them secure in your Redpin account. You'll see everything happen in real-time – no waiting days for banks to process payments.

You can, but you'll likely pay hundreds of euros in unnecessary fees for banker's drafts and transfers. Spanish banks are also slow – payments can take days to clear. With Redpin, you receive your money instantly on completion day with no bank fees, and you have complete visibility over where your funds are at all times. Plus, your information is more secure than sharing account details via email.