How to make a Pix payment? Everything you need to know about the most popular payment method right now!

According to the graphic from the Central Bank, by November 2022, 131,604,870 individuals made at least one Pix.

How to make a Pix on your cell phone?

To make a payment via Pix, first of all, you need to access your bank's app or Internet Banking.

Then, click "Pix > Pay or Transfer." In the next step, you'll need to fill in the transaction details.

They are:

Transfer value;
Pix key type;
Pix key;
Description field (not mandatory);
Option to make a Pix payment now or schedule it.

Once you've filled out the information correctly, click "Continue." The next step is one of the most important: you should review the transaction details, especially the name of the person receiving the payment.

Many people send money to the wrong accounts simply because they don't check the transaction details.

If everything is correct, confirm the transaction. You'll receive payment confirmation and can share the receipt if you wish.

You can receive and send a Pix even without having a registered key, through: Pix Copy and Paste, QR CODE, branch and account and TED, for example.

However, to make the process faster and more efficient, the Central Bank recommends that users register a Pix key.

Some steps may vary depending on the bank, but generally, the structure is the same: Pix area, pay or transfer, amount to be sent, key type, Pix key, data confirmation, transaction password, and finalize the operation!

What is Pix Withdrawal and Pix Change?

In addition to being the favorite payment method among Brazilians, it has already innovated and “gave birth” to Pix withdrawal and Pix Troco.

With these new options, customers can withdraw cash and receive change via Pix.

With Pix Withdrawal, you send an amount to the establishment and they take the money from the cash register and give it to you, just like at an ATM.

With Pix Troco, you must make a purchase. When paying via Pix, you send an amount greater than the total of your purchase, that is, the amount you wish to receive in change.

The store owner, in turn, will give you the excess amount in cash.

These services can only be performed by registered companies. Furthermore, offering this service is optional for the establishment, meaning it is not obliged to do so.

This service is free for consumers, however, accredited commercial establishments that offer this service earn between R$$0.25 and R$$0.95 for each transaction, according to the BCB.

There are currently approximately 15,000 points where it is possible to make a Pix withdrawal or Pix Change. The service points vary between commercial establishments, ATMs, and bank correspondents.

To find out where this service is offered, a free tool has been created that can be accessed by anyone.

On the website mapapix.com.br You can find service points that offer Pix Saque and Pix Troco.

The information on the website is updated every 2 hours and the tool is very easy to use.

Is it possible to pay in installments on Pix? How does it work?

Pix installments are another advantage of this payment method; however, it is offered by banks and fintechs.

Currently, the number of companies offering this service is still limited. Payment is made using your credit card limit, so it can be paid in installments.

The name of this service is Pix in installments on your credit card, actually. It's not yet possible to pay Pix in installments using only your account balance.

Basically, it works like this: the customer makes a Pix using their credit card limit and can pay in up to 12 installments with interest.

The destination account will normally receive the money within a few seconds, so for it it remains an instant payment method.

The main disadvantage of Pix installments on a credit card is the addition of interest on the installments and on the installment plan.

However, when things get tough, this service can come in handy. Now that you've discovered how to make a Pix, Find out below about some banks that offer this service to their customers.

1. PicPay

With PicPay, customers can pay in up to 12 installments. In addition to this service, the PicPay credit card and digital account offer other features, such as:

Zero annual or monthly fees;
Cashback;
Discount coupons and cashback from partners;
Balance yield in, 102% of the CDI;
Loans;
Investment platform.

The service is only offered to customers with a PicPay Card credit card, so download the app and request yours.

2. RecargaPay

RecargaPay also offers this service with installments of up to 12 times. The fee charged to Prime plan subscribers is 3.49%.

The fintech presents this service as a way to take advantage of promotions that offer discounts with this payment method.

However, you need to compare the discount percentage and fees to see if it's a good deal.

3. How do I make a Pix payment in installments with Pagaleve?

This fintech's approach is a little different and offers several advantages. The first is that you don't need a credit card to make a Pix installment payment.

However, payment can be made in four biweekly installments and is interest-free. Approval takes seconds, and payment is made via QR code or copy and paste.

To pay in installments using this payment method, the purchase must be made at a Pagaleve partner store.

When paying, the consumer must choose the “Pix 4x interest-free” option as the payment method.

The first installment is paid immediately, and the rest will be paid every fifteen days.

Interesting! Access the Pagaleve website to check out more details!

Conclusion

There's no secret to creating a Pix, but some people may find it difficult the first time, and there's nothing wrong with that.

Now that you've discovered how to make a Pix, you can take advantage of the benefits of using this payment method, just as millions of Brazilians are enjoying.

Life and Finance

Nara

Writer and aspiring Virtual Assistant. Passionate about the Digital Financial Market and its various aspects. Certified by Rock Content and HubSpot. ANBIMA student.

December 30, 2022