More Payment Methods

PIX

Bank Transfer

Pix is a Brazilian bank-transfer payment method, created in 2020 by the Central Bank of Brazil. Described as revolutionary, it enables any citizen with a deposit, savings, or prepaid payment account to make payments and transfers in a few seconds, at any time, 365 days a year. 750 institutions with over 500,000 active customer accounts - must participate. Within 15 months the Central Bank of Brazil reported that over 12.4 billion transactions had been carried out and 9.1 million companies had signed up. By April 2022 Pix accounted for 11.5% of all e-commerce payments in Brazil (Neotrust).

PIX

Features

  • Coverage Area
    Customer
    Brazil
    Merchant
    Brazil
  • Channel
    Online
  • Currency
    Consumer Currency
    BRL
    Processing Currency
    BRL
    Settlement Currency
    BRL
  • Transaction
    Minimum Limit
    BRL 0.01
    Maximum Limit
    Not applicable
    Payment Timeout
    24 hours
  • Feature
    Scheduled Payment
    no
    One-click Payment
    no
    Refunds
    yes
    Partial Refunds
    yes
    Multiple Partial Refunds
    yes
    Payment Guarantee
    yes
    Refund Risk
    no

Why ChoosePIX？

  • More than 127 million Brazilians, and 10 million businesses, use the payments platform (Bloomberg).

    More than 127 million Brazilians, and 10 million businesses, use the payments platform (Bloomberg).

  • By the end of 2022, Pix was processing almost three billion payments a month with ecommerce accounting for 22% of all transactions (Central Bank of Brazil).

    By the end of 2022, Pix was processing almost three billion payments a month with ecommerce accounting for 22% of all transactions (Central Bank of Brazil).

  • Within 6 months of launch, 83% of Brazilians considered Pix to be better than DOC and TED (types of electronic transfer) and 67% want to use Pix for payments in retail (C6 Bank/Ipec).

    Within 6 months of launch, 83% of Brazilians considered Pix to be better than DOC and TED (types of electronic transfer) and 67% want to use Pix for payments in retail (C6 Bank/Ipec).

How It Works?

  • At checkout, consumer selects Pix as their preferred payment method
    Merchant

    01

    At checkout, consumer selects Pix as their preferred payment method

  • Consumer opens their banking app and selects Pix. They can scan the QR code or copy the EMV code displayed by the merchant
    Online Banking

    02

    Consumer opens their banking app and selects Pix. They can scan the QR code or copy the EMV code displayed by the merchant

  • Consumer reviews the transaction details and confirms the payment (may require SCA)
    Online Banking

    03

    Consumer reviews the transaction details and confirms the payment (may require SCA)

  • Payment is confirmed by the bank, and the transaction status is sent to the merchant
    Merchant

    04

    Payment is confirmed by the bank, and the transaction status is sent to the merchant

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