PicPay

Digital wallets are very popular among Latin American players. They represent a vital financial instrument for thousands of people in the region who don’t have a bank account or just want an easy method to do their transactions. PicPay is one such wallet, targeting users in Brazil.

The continent’s largest country has an affectionate relationship with digital wallets, with millions of residents using these payment solutions. That’s why it’s not a surprise that there are hundreds of them in the market. Many are based abroad, while PicPay is a domestic product and a very popular one.

What is PicPay?

PicPay is a localised payment method, a digital wallet focused on Brazilian players. It allows users to enjoy the benefits of hassle-free and fast transactions, particularly for online gamblers who enjoy games like slots, poker and blackjack or enjoy wagering on sports. The wallet enables them to store money, make quick payments and transfer money to others. It can also be used for many other services, from recharging mobile phone balances to paying parking. Nevertheless, we’re going to focus on its use in the online gambling realm.

PicPay Account

To start using PicPay, you must first download the app from the Google Play Store or Apple App Store. Once the app is installed, click Create my PicPay account. Enter your name, mobile phone number, and email address to register. You’ll also need to provide your date of birth and CPF. After completing the process, go to the Credit Card page and choose the Add Credit Card option. You can enter the card information manually or scan the card.

Add Money

After you open the PicPay account, it’s time to add money to your e-wallet. Click on Add Money in the main menu. You can also transfer funds using TED/DOC or Boleto. Keep in mind that the only available currency is the Brazilian Real.

Company

PicPay was created by PicPay Serviços S.A., a company established in 2012. Part of the J&F Group, it has offices in Sao Paulo and Vitoria. It’s a vibrant brand targeting younger generations who use mobile devices for everyday activities.

PicPay is the company’s flagship product, allowing players to send and receive money quickly. Over the years, this pioneer e-wallet has grown into the leading mobile payment firm in Latin America. PicPay was initially a startup and today has more than 5,000 employees. According to one of the company’s founders, Anderson Chamon, PicPay relied on the widespread presence of cameras and the players’ need to process their payments instantly.

Facts

Payment Type	E-wallet
Headquarters	Vitoria, Brazil
Launched	2012

How to Deposit with PicPay?

After setting up your e-wallet and adding money to it, you can use PicPay to make deposits at your online casino. The process itself is straightforward. Go to your online casino and choose PicPay as your payment method on the Cashier page. Follow the on-screen instructions, which will take you to the app on your phone. Once inside the app, approve the amount of money you want to deposit and confirm the transaction.

How to Withdraw with PicPay?

Cashing out with PicPay is equally simple. Whenever you want to claim your winning, just submit a withdrawal request, and your online casino will provide a QR code to scan. It will redirect you to your app, where you’ll have to confirm the transaction.

FAQ

Can I use PicPay in my country?

Yes, if you’re from Brazil. This payment method is available only in this country, where it’s ranked as one of the most prominent digital banking solutions.

Can I use PicPay to deposit and withdraw funds at online casinos?

Of course, you can. PicPay allows users to make deposits and withdraw their funds from gambling sites.

How long it takes to withdraw money online using PicPay?

Online casino withdrawals with PicPay shouldn’t take long. Keep in mind that the casino can keep your cashout pending. Once the pending time is over, the money should be immediately available.

Transfer Time and Fees

PicPay transactions are fast. Players will surely enjoy making safe and quick deposits at their favourite online casino. All payments are processed instantly, allowing you to focus on playing games. The funds you deposit are immediately deducted from your e-wallet balance. You’ll quickly realise how convenient this solution is, as all payments are completed in a couple of minutes.
The time needed to cash out depends solely on the financial platform you’re using and your online casino. The PicPay app doesn’t include any fees for personal accounts, nor are there any interest charges. However, the app’s Pro version, intended for commercial use, charges a 1.99% fee for every payment received, although it doesn’t limit the volume of money on a monthly basis.

Withdrawing money with the PicPay application is cost-free only the first time. From then on, the service will charge R$6.90 for every subsequent withdrawal. Although there are certain limitations when it comes to the volume of transactions, monthly payments of up to R$800 are excluded from fees. Brazilian online gambling sites accepting PicPay typically won’t charge anything for using this payment solution.

Security

PicPay pays particular attention to keeping the money and information of its players safe. The company’s team goes over and beyond to implement the latest security measures.
Pic Pay requests the player’s password, access code and CCV number only inside the app, which comes with additional layers of safety. These include security passwords, facial recognition, SMS authentication, and authorized devices. The payment method holds a PCI DSS certificate, and it’s recognized as part of the PCI Security Standards Council organization. It’s regulated by Banco Central do Brasil, the country’s central bank. It means that the entire balance of its users is invested in federal public security.

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