PIX Change – Learn what it is and how it works

Pix change: see how this new instant payment system tool works.

Pix, an instant payment method, was launched in October 2020, but after just one year of full operation, it has already become the preferred payment method for Brazilians.

In fact, it has even ended up in the lyrics of songs that became hits.

Since it was released, it has undergone some changes and improvements, such as, for example, the Pix change.

In today's article, we'll explain everything about this new feature, so be sure to check it out!

See our index below:

• What is Pix;
• How to register a Pix key;
• How to pay or transfer money with this payment method;
• What is Pix Troco and how does it work?
• Where to make a Pix change;
• What is the maximum value;
• Rates;
• Conclusion.

What is Pix?

Pix emerged as a modest and practical way to make banking transactions.

At first, we were excited about the possibility of making instant transfers using just one piece of data and being completely free.  

However, as the days went by, we realized that we could do much more and Pix was much more advantageous and practical than we imagined.

As a result, it has become our number 1 payment method, and some institutions now offer Pix installments.

Certainly, when this trend catches on among other banks, it will even take the place of credit cards.

It's no wonder there's already buzz in the digital and financial world that Pix and QR Code could make debit cards, TEDs, DOCs, and even bills obsolete.

How to register a Pix key?

The Pix key is like your account number; it is through this information that your account is identified at the time of the transaction.

Therefore, it must be registered in your bank's app.

To do this, first, click on the “PIX” option, then click on “Register key” and choose which data you want to register as a Pix key, the options are:

• CPF or CNPJ;
• Telephone;
• E-mail;
• Random key.

You can only use your data in a single account; you cannot register the same data as a Pix key in more than one institution.

The Pix key can be deleted at any time in the app. If you prefer to port your account, that is, change your details to use the key at another institution, that's also possible.

How to pay or transfer money with this payment method?

Before we find out what it is Pix Change, Many people still don't know how to make a payment with Pix, but that ends today, here and now!

In your bank's app, look for the “Pix” option, then choose the “Pay or Transfer” option.

Now, choose the Pix key of the person who will receive it. Before this step, write down the key and what the data is, for example, the CPF, telephone number, email address, or random key.

Finally, choose the amount to be paid, check the details and complete the transaction.

It's simple, easy, and fast. The transferred amount arrives in the recipient's account within minutes or seconds.

Another way to pay with Pix is through a QR Code. Although it's simpler, some people have more difficulty identifying with this option.

In the app, choose the “Pay with QR Code” option, then scan the code provided by the establishment with your cell phone camera.

Finally, don't stop learning 6 tips for using your 13th salary well. Read our article!

What is Pix Troco and how does it work?

THE Pix change It works like a kind of withdrawal in an establishment, but you need to buy something.

For example, you bought some items at the supermarket and the amount was R$$400.00, in this case, you make a Pix of R$$500.00 and receive the change in cash.

The new Pix feature is very interesting and useful, especially in small towns where it's difficult to find an ATM to withdraw cash.

The downside is that not every establishment accepts the Pix change, and perhaps, it is only possible to find it in establishments with a large cash flow.

However, this tool is still very useful and necessary.

This service is optional, meaning the establishment decides whether or not to offer it.

So, before purchasing an item locally to receive change this way, check whether the store offers this service.

---

Where can I make a Pix change?

Well, you can make one Pix change in establishments, self-service points or financial institutions with their own ATM network.

However, as it is an optional service, you just need to check beforehand whether the establishment accepts it.

To make your life easier, the Central Bank provides a list on its website that shows the service points where this service is available.

What is the maximum amount for Pix change?

Just like Pix, Banco Brasil also stipulated a maximum value for transactions with the Pix change.

In this case, the maximum daily value is R$500.00 during the day and R$100.00 during the night and early morning.

However, the establishment is free to set a limit, it just cannot exceed the amount determined by the Central Bank.

In addition, the financial institution where you will receive the Pix can also set a daily limit.

Is there a fee for this service?

You are entitled to make up to 8 free transactions of this type. From the ninth transaction onwards, the financial institution may charge a fee.

However, there are institutions that prefer not to apply this fee.

Conclusion

Of course, the Pix change It will make life easier for many people, despite being a simple service, it is very useful.

Pix was already good, but with this service, it gets even better!

It's worth remembering that this payment method is very secure, so there's no need to be afraid to register a key and start using it.

So, do you already know or have you used the Pix change?