PIX

The Brazilian central bank, Banco Central do Brasil, made the perfect move by offering this market an instant payment method called PIX. It completely revolutionised online gambling for local players, as it was purposely created to cater to their needs.

One of its main advantages is that PIX allows users to make payments in the Brazilian Real. Another plus is the highest level of security. The number of players choosing PIX is constantly on the rise, and we’re confident this trend won’t end anytime soon.

In this review, we’ll talk about PIX, its advantages and downsides, and other things you need to know before using it for online gambling.

What is PIX?

PIX is an instant payment method developed by Banco Central do Brazil, and it’s tailor-made to suit the need of gamblers from Brazil. It allows players to make deposits using local currency. But that’s not all, as the solution boasts a high level of security. With tens of millions of users, PIX has become widely available, particularly at those gambling sites that target Brazilian gamers.

PIX Account

PIX is an easy-to-use platform and secure platform. First of all, it’s free, and secondly, there’s no need to open any type of account. It means you won’t need any bank accounts or credit cards to make payments. PIX is available around the clock, allowing players to perform transactions in a matter of seconds. When it comes to setting up a PIX account, the instructions are extremely simple, as you won’t need one.

Although you won’t need a bank account, you’ll need a transactional account with PIX-supported financial institutions, such as banks or other payment processors. You’ll also need a “nickname” to enable transactions.

Add Money

To make payments, go to the Cashier page, generate a QR code and scan it. Your payment will be completed within a couple of seconds. Once the transaction is completed, the payer and payee will get a message confirming the payment.

Company

PIX is the product of Banco Central do Brasil, the country’s central bank. The bank was founded in 1964 and three years later moved to Brasilia. The main building, a landmark of the Brazilian capital, was opened in 1981.

As the country’s main monetary authority, Banco Central do Brasil controls the federal budget and is responsible for financial affairs. The leading monetary institution is known for driving innovation and supporting a competitive environment. PIX is the perfect example of the bank’s philosophy. The instant payment method was officially launched in November 2020.