Nowadays, it has become the most popular payment method in Brazil. It was launched by the Central Bank in 2020 and is already the most widely used payment method among Brazilians. However, many people have questions about how to use Pix. So we have prepared a step-by-step guide to help you.
How does it work?
Pix is a way to make instant transfers. To work, simply access the “Pix Area” in your bank's app.
When you access your application, it will ask you to confirm that you want to enter the area. From the moment you accept, you will be able to carry out transactions.
Is it free to register and use?
The best thing about it is that to use it, it is completely free and you only need to register.
For individuals and MEIs, there is no need to pay any extra fee. There may be charges if the transactions are configured as commercial.
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See how to register Pix
Let's now learn how to register for Pix. Check out the step-by-step guide below:
Open your bank app
First, to register for Pix, you need to open your bank’s app, where you keep your money. Then, you should look for the “Pix Area”.
Click on “Pix Area”
When you locate the Area icon, you must click on it to access it.
From the moment you click and enter this environment, you will be able to receive amounts via Pix, even if you have not registered a specific key.
Register a Key
Now you will register your Key. It can be your CPF or CNPJ, cell phone, email or even a random key. This is a code made up of numbers and letters generated by the system.
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The Pix key is yours identification, which will be used when making the transfer. In other words, instead of the account details, you will use the Key you chose.
This key must be unique, therefore, if you use more than one account, at the same bank or at different institutions, you will have to register different keys.
When can I use it?
Once you have registered your Key, you can send and receive instant transfers. You can also make payments with your credit card, as your bank converts your credit limit into cash.
Be careful, because in the case of Pix with a credit card, an interest rate is charged that is set by the financial institution. Each bank has its own rate. Another payment method that the Central Bank has been working to launch is Pix Installments. This works like a bill that will be discounted on the scheduled day.
It can also be called guaranteed Pix, since the retailer has the guarantee that the amount will be deposited into their account.
Best key to register?
You are the one who chooses the best key. What really matters is your security. Please note that some banks prefer you to register your CPF.
These banks offer benefits such as a higher credit limit or the release of a credit card.