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Curious about what’s fresh for Pix online casinos? Check out the newest casinos that take Pix, established in the last 12 months, and explore their bonuses below.
Introduced by the country’s central bank, this system became a game-changer in November 2020. Within a year since its debut, Pix was used by a whopping 114 million people. Yes, that’s more than half of the adult population of Brazil.
 | |
|---|---|
| Payment Method Type | Instant Payment |
| Year Founded | 2020 |
| Headquarters | Central Bank of Brazil, Brasília, Brazil |
| Countries Available | Brazil only (PagBrasil users can also use it in Argentina, Uruguay, Chile, Mexico, and the United States) |
| Active Customers | 114 Million+ |
| Total Number of Merchants | 13 Million+ |
In Brazil, Pix is like the WhatsApp of money transfers - instant and easy.
With Pix, you just need a unique "address key" like your phone number, email, a special code, or even your tax ID, to be able to send and receive money.
With 700+ banks and institutions linked, almost everyone in Brazil can use Pix. Just grab your phone, connect your bank or e-wallet, and you're good to go.
You can find out more about Pix by visiting Brazil’s Central Bank website.
Pix is strictly a Brazilian technology, created by the Central Bank of Brazil. This means transactions using Pix can only happen between accounts within Brazil.
So, for someone living outside Brazil, using Pix is possible only if both the sender and the receiver have accounts with a Brazilian financial institution that supports Pix, be it a bank or fintech.
That said, there are exceptions: some international merchants have begun accepting Pix payments via collaborations with partners like PagBrasil.
Thanks to PagBrasil's International Pix, Brazilian tourists can use the service in casinos in countries such as Argentina, Uruguay, Chile, Mexico, and the United States.
Banks might charge a small fee when you use Pix for casino transactions. In my experience, the fee is usually pretty minimal, rarely exceeding 0.22%. This actually ends up being way cheaper than using credit or debit cards in Brazil.
Pro tip
Always double-check with your casino about any potential charges.
I appreciate that Pix doesn’t set transaction limits. However, each institution might have its restrictions.
For peace of mind, ensure you're using approved channels. And while I love the instantaneous nature of Pix deposits, I do wish more casinos would support Pix withdrawals.
Important to know
Even though it isn’t a digital wallet or an online bank, meaning it doesn't store money, it still allows you to make transactions, including casino withdrawals.
If you're wondering if you can cash out your casino earnings through Pix, the answer is yes! However, it's worth noting that only a handful of casinos support this feature.
If they do, you, the player, can either provide your Pix key or generate a QR code for the casino to process the payment. Once you do this, the casino can use Pix to transfer money to your account, almost instantly.
Using Pix is quite simple. If you have an account, here's how you can use it at a casino in Brazil:
Once confirmed, your funds should be transferred to your casino account instantly.
Remember to always play responsibly and ensure that the online casino is licensed and trustworthy.
Keep in mind
The QR code and Pix key have a limited validity period of a few hours. For a smooth transaction, complete the process in one go to avoid potential technical issues.
Withdrawing money using Pix can be more complex. If withdrawal is allowed, you'll find it in the casino's cashier section.
The process is similar to that of making a deposit, but withdrawals might take several days and could incur processing fees. Always verify this before registering with a casino. Also, consider having a backup withdrawal option at your disposal, such as PayPal, to ensure you can access your funds when needed.
Got a problem with a Pix transaction in Brazil? Here's what you need to know:
Keep in mind
Brazil's central bank doesn't step in to resolve individual Pix payment issues. But, if you raise a complaint, it can push the involved institution to address it.
Such complaints also help the central bank keep an eye on these merchants and make the Pix system even better.
However, if your complaint is more about a product or service you bought using Pix (like getting the wrong item or a canceled booking), that's between you and the seller. Pix is just the middleman for the payment.
And if you've been duped in a scam using Pix, follow the steps below:
To know more about how the Central Bank of Brazil handles disputes and claims, visit the FAQ section of the official website.
The last time I used Pix to play at Brazilian online casinos, I was surprised by its safety features.
Think of Pix as a digital vault. Every time you make a transaction, not only is your personal info encrypted, but the whole process gets a nod of approval from the Brazilian Financial System Network (RSFN).
Pix was built with safety in mind. It doesn’t use flashy tech like blockchain but relies on rock-solid encrypted messages over its own private network.
If something looks fishy, Pix’s alarm bells ring, pausing the transaction for a short while to check things out.
Author’s Note
Since Pix is a creation of the Brazilian Central Bank, you can bet it's got top-notch banking security. The bank utilizes the "Transaction Accounts Identifier Directory" (DICT) - a database that connects Pix keys/aliases with user transaction account details.
In my opinion, Pix is a must-have for Brazilian casino players. Its widespread bank support and promise of round-the-clock, instant transactions make it hard to overlook.
Its role in promoting financial inclusivity, allowing even those without traditional bank accounts to transact, gets a thumbs up from me.
And with more casinos jumping on the Pix bandwagon, I'm optimistic about the future of Pix online casinos in Brazil. Just remember to play responsibly.
However, if you are from outside Brazil, I suggest using universally accepted payment methods such as the good old wire transfer.
