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Introduction
When online casino players decide to join a global casino, they can rarely find adequate country-specific payment methods to use; players from Brazil, however, can rest assured they'll find many sites accepting Pix, a national electronic payment system, that delivers swift and secure transactions. The Latin American gambling scene is getting stronger each day, with new developers and operators joining the Brazilian market, so the need for a convenient payment method is getting bigger and bigger in the country. But you can rest assured that most operators catering to Brazilian players accept this payment solution, so you don’t need to look any further; just join one and you’ll be able to make seamless deposits and withdrawals with this solution. Why choose to use Pix as a payment method across online casinos?
About Pix
As introduced, Pix is an electronic payment system, a fairly new solution that was launched in Brazil a few years ago. It went live in 2020, at a time when the country urgently needed a payment method that could process transactions instantly. When the solution appeared on the market, it took it by storm and became an instant hit with both users and businesses. In just a few years, it has become one of the most popular and well-known brands on the banking scene, so if you're a Brazilian, you have probably already heard about it or even used it.
The Brazilian government stands behind it, launching it for the purpose of helping millions of Brazilian citizens make online payments in just a few seconds. Users can use it for making money transfers, online shopping, traditional payments and purchases across online platforms, paying bills, etc. Sure, similar solutions to it already existed in the country, but this one was sophisticated enough and designed paying attention to all the things that the market lacked, to fill the void.
Since the government released it, it made all banks and financial institutions in the country that have over 500,000 accounts include it in their systems; this means that regardless of the bank you’re using, it will probably be an option for you. The leading Brazilian banks most certainly offer it, as do all financial institutions that have enough users, so you must have an account with at least one.
Having a bank account active won’t be a pre-condition to using it, though. As if all of these perks weren’t enough, even unbanked users can use it. If you’re not eligible to open a bank account or you simply don’t want to, you can always use one of the unique accounts offered by the solution, called Pix Keys, which we’ll talk more about soon.
The best thing is, the solution works very similarly to eWallets. Not only transactions with it are instant, and processed 24/7, but the solution is incredibly user-friendly and easy to use. And although there were similar solutions to it in the past, these were only processing transactions during business days; that’s why its around-the-clock availability is what it shines in!
All things considered, you have probably hinted at why the solution was quickly embraced by the online gambling industry in Brazil. Many casino operators started offering it and millions of players started using it, making it grow further in popularity across the online gambling industry. So, if a Brazilian player in search of the most convenient solution to use for your deposits and withdrawals, continue reading to discover how to get started with it.
Getting Started with It
As just mentioned, you can use Pix regardless of whether you have a bank account or not; we'll take you through the getting-started procedures for both cases. For now, you should know that the getting started procedure is pretty intuitive and easy, done in just a few taps/clicks on your device. You don’t have to physically visit a bank or an authorized store to get started with it; you can do it online.
If you do have a bank account, you’d just need to log into your online banking profile and you'll find a tab where you could request a transaction with the solution. If you don't have one, you can use one of the four unique Key types of accounts. These are based on how you'd want to set up your account, whether using an individual taxpayer ID, email address, phone number, or randomly-chosen key. To get your key, as implied, you'd need to provide the corresponding details. The key becomes your ID when transacting with the solution.
There’s another option here; you could get your Key account, and connect your personal bank account to it, as well. That way, you could be making the smoothest transactions with no delays, and enjoy even more pleasant online banking. On that note, let’s see how the actual depositing and withdrawing processes would be when using the solution across online casinos.
How to Deposit at Online Casinos with Pix?
The first thing you need to know is that the Brazilian online gambling scene is getting more and more powerful each day. Many developers team up with leading Brazilian sites for online gambling and sportsbetting each month. And, Pix is getting listed among the top methods across many of these sites. That’s why you can sit back and relax knowing that you’ll find at least a dozen Brazilian casinos where you could play using this amazing solution. Just choose one that you’d like to join, and register an account with it.
To make a deposit with Pix, you’d need to do the following:
- Head over to your online casino’s Deposits/Banking page.
- Locate Pix’s logo and select it as your deposit method.
- In the new window, choose the key you’d want to use and copy it.
- Enter your online banking profile and paste the chosen key.
- Specify the amount of money you’d like to deposit to your casino balance.
- Confirm the transaction and the money will arrive instantly.
How to Withdraw Winnings with It?
Considering this is a solution backed up by leading Brazilian banks and the government, it should come as no surprise to you to learn that it is an option for withdrawals. Go through the same two steps, this time choosing the solution as your withdrawal method, of course, and on step three, send your key to the operator, specifying how much you’d like to cash out.
After the operator reviews your request, the money will arrive in your account in a few days, depending on how long it would take for the casino to approve it.
Fees and Limits
As just mentioned, Pix is a method that was launched by the government with the aim to make users’ online banking more convenient, secure, and above all, more cost-efficient. Offering users value for their money, the government eliminated fees from the equation, making the solution perfectly fee-free.
Therefore, if you’re using the Key accounts, you can rest assured that you won’t come across any hidden fees; you’ll be able to use its services for free. However, if using it via a bank account, some bank-related fees may apply. You’d need to get in touch with a bank representative to find out whether and how big the fees would be for using the Pix service.
Allowed Countries
It goes without saying, having in mind all that you’ve read so far, that the solution is available only in Brazil. The government launched it in collaboration with the Central Bank of Brazil, therefore only Brazilian users can make use of its services.
We could see that it functions just fine in the country, with no expansion plans on the horizon, therefore, if a player from a different country, you won’t be able to use it. You could look for an alternative solution, one that offers similar services in your country, functioning through banks, to get the same experience or at least one resembling it.
Available Currencies
The default currency when using Pix is, naturally, the Brazilian real. This is the local currency and the one offered by the banking system in the country, so this was expected.
However, in case you wish to use a foreign currency, you could do so as well. Of course, there will be conversion fees involved, but regardless, you’d still be able to use US and Canadian dollars, UK pounds, Swedish krona, euros, etc. The condition, of course, would be for you to have an active foreign currency account with your bank, to use a currency different than the Brazilian real.
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FAQs
Does Pix offer Customer Support?
Considering this is a service, not a standalone product, launched by the government and the Central Bank of Brazil, it does not offer a Support service on its own. You’d need to get in touch with your bank or your online casino in case you’re experiencing difficulties or problems with your deposits and withdrawals, or if you simply want to learn more about it and the way it functions.
Is there an official website I could explore to learn more about the solution?
No, not really. As just explained, this is a service offered by banks and financial institutions, so in case you wish to find out more about it, you could visit your bank's official website, or google the solution to find the information you needed.
How long should I expect my withdrawal to arrive on my account?
The casino may take as much time as needed at its discretion to go over your withdrawal request, but usually, it takes operators 48 to 72 hours. Once confirmed, the withdrawal will be processed by the solution and will arrive in your account in no time.
How can I be certain Pix is a safe solution to use?
Working in line with Brazilian regulations, Pix is an incredibly safe solution to use, since all the communication and data shared between you is protected with the latest measures and encrypted. Add to that the fact that it is backed up by the Central Bank of Brazil and the government, and there you have it; the safest solution to use.
Approximately how many Brazilian online casinos are offering the solution at the moment?
Basically, any casino you’re eyeing to join will accept the solution, since it is extremely popular in the country and among users. All casinos that offer bank-related solutions will certainly offer it, and even though we cannot pinpoint a number due to the fact that new casinos are adding it to their lists as we speak, hundreds of sites will be at your disposal to explore, that’s for sure.