PIX Payment
Safe, cheap, instant, and available 24/7, let EBANX help you offer the fastest growing, most recognized and essential payment method for global businesses growth in Brazil.
Why should merchants offer Pix?
Pix and the power of instant payments in Brazil
Pix is a system created by the Brazilian Central Bank (BCB) at the end of 2020 to bring instant payments to life. Linked to more than 700 financial institutions, it allows direct funds transactions between personal and/or business bank accounts, while being a financial inclusion tool for the more than 70 million unbanked Brazilians. The system accepts transfers between different entities without taxes, it is free to people, works 24/7, and completes any transaction in 10 seconds or less.
Pix became, only two years after its launch, the second most used payment method in Brazil's digital commerce
How does Pix work?
Creating a Pix account
The process is simple. Either for individuals or companies, they need to register a Pix key in their financial institution (traditional banks, digital banks or payments platform). There are four types of keys available:
*Individuals can have up to 5 registered keys, while businesses can have up to 20 keys.
Using Pix and Pix Cobrança
When making payments or transferring money, users have the option to scan a QR code - which can be static, dynamic or both - or enter the payee's Pix key. All the process can be done via smartphones, notebooks, tablets or desktops connected to the internet. There is also Pix Cobrança, which is an instant voucher payment (part of the Pix system) offered by companies via QR Code including key information such as expiring date, overdue fines, and interest rates for future payments.
Pix in digital commerce's purchases
Pix Payment Initiator (PISP)
EBANX is a PIX Payment Initiator, authorized by the Central Bank of Brazil, and can perform as a connector between two banking institutions using Open Banking Technology.
This Pix feature simplifies the user experience of the customers and improves conversion rates, sinceit authorizes the purchase directly in the user's financial institution, reducing the steps of copy and paste all the Pix details to pay. All security levels for the transaction are maintained.
Pix & Pix Cobrança
Specs with EBANX
Payment type:
Instant Payment
Channels:
Online via traditional banks, digital banks or payments platform (digital wallets)
Countries available:
Brazil
Currencies accepted:
BRL (Brazilian Real) - can have settlements in USD via EBANX
Cross border availability:
Yes
Payment confirmation:
Real-time
Recurring payments:
No
Installments availability:
No
Refunds:
Yes
Features:
PISP - Pix payment initiator
Outstanding PIX features via EBANX
Sell more and sell instantly with Pix.
Join the instant payment's revolution in Brazil by partnering with EBANX.
PIX -The revolutionary instant payment in Brazil
Safer, cheaper, and in real-time, PIX is speeding up the market. Learn more about this revolutionary payment method in our exclusive white paper.