Pix Casinos

In the last couple of years, instant payments have become the go-to banking choices for countless people worldwide. These electronic money transfers can occur between various institutions, with the unique trait of offering real-time transmissions and fund availability 24/7. Naturally, this gives them a massive edge over most other banking solutions, so it’s not a surprise to see them gain more traction by the day. One such service you might take an interest in is Pix. Like its name, the service is dynamic and convenient, and it’s taken Brazil and its online gambling scene by storm in a short period. Nearly every resident in the country has heard of this revolutionary payment solution by now, but if you’re one of the few that haven’t, you’ll want to stick around. In this text, we’ll be answering the question – Why use Pix across online casinos?

About Pix

If you’re a resident of Brazil or you’re thinking of moving to the region in the future, Pix is a service you’ll want to learn more about. This solution is an electronic payment system released by the Brazilian government, and it was made with the intent to make transacting a breeze. Released in 2020, this service has made waves across the region. Most people have not already just heard of the service, but are using it regularly. Of course, this is because of the method’s versatile nature. It can be used for traditional purchases, online shopping, money transfers, paying bills, etc.

There are many reasons for the quick spread of this service, it mainly comes down to the government’s involvement with the solution and its excellent perks. On one end, the method is widespread because all financial institutions with over 500,000 accounts must participate in the Pix payment system. Participation is voluntary for smaller financial institutions, but many are joining without question. Another big reason is the efficiency of the service. Essentially, Pix works similarly to an eWallet to facilitate transactions among users. These transactions happen within seconds, which is a massive advantage. Before it, transactions were only processed during banking hours. Now, users can make transfers with the service whenever they want, wherever they want.

Another reason for Pix’s widespread success within Brazil is the strides the service is making for financial inclusion. Since it operates with unique accounts called Pix keys, players aren’t required to have a personal bank account open with a financial institution. As you can imagine, this is also the reason for the service’s availability even when banks are closed.

We’d like to finish this section by listing some of the potential uses of Pix, as there are many of them. These should give players an idea of what the service can do, and potentially incentivize some to give it a shot. This payment solution is an excellent tool for money transfers between friends, family, and acquaintances, paying employees or freelancers, purchasing various items online or in-store, paying for government-related services, and obtaining goods on a larger scale as a business.

Getting Started with It

As we already mentioned, Pix puts forth tons of effort to make itself as convenient and accessible as possible. Because of this, players will be happy to learn that having an active bank account within the region isn’t necessary for using the service. Since this is the case, we should note that the getting-started process with this solution is pretty unique. Essentially, the platform works with unique user accounts called Pix keys.

As of right now, there are four different types of Pix keys available to users. These types are categorized based on how you set up your account, so they include one by email address, phone number, individual taxpayer ID, or a randomly chosen key. After creating a key that suits you best, it will become your account for further transactions. If you want to register your address key and link it to an existing bank account, you’ll need to contact a financial institution and confirm the process. Of course, this is optional, as users don’t have to register keys to continue using them.

While that’s pretty much the gist of setting up an account with the service, it’s worth noting that the Central Bank of Brazil recommends users link their Pix key to a bank account if possible. This is mainly for practical reasons. While transactions without a linked account are possible, users might see a delay when initiating them. Unfortunately, this puts a damper on one of the solution’s biggest perks – speed.

How to Deposit Using Pix at Online Casinos?

Using Pix at online casinos is not a hard task. We’ve already gone over the method’s general convenience, so the only thing left to worry about is finding a casino that supports it. Unfortunately, there aren’t too many of these venues around. Since the service is localized to Brazil, you’re practically limited to local operators. It might take some time, but once you find an online casino that accepts payments from this service, here’s how you can deposit:

1. Head to the casino's Cashier/Payments section and choose Pix as a payment option
2. Wait for the QR Code or Pix key to pop up and copy the one you’d like to use
3. Access your digital wallet or bank page and enter the Pix key to the payment section
4. Enter the exact amount you want to deposit and confirm the transaction
5. The money should be transferred within a few seconds!

It’s important to note that most online casinos have pre-set minimum and maximum deposit limits. Check these out before you deposit and ensure your transaction is within the range set by the operator.

How to Withdraw Using Pix

The good news about the withdrawal process with Pix is that it’s very similar to depositing. To request a withdrawal, users need to send in their Pix key or QR to the casino, along with some information on the desired withdrawal amount. The bad news, it will likely take a few days before you receive your withdrawal. The operator will first need to review your request and confirm your key before sending the amount.

Unfortunately, there’s even more bad news when withdrawing through the service is in question. The option is much rarer than depositing. Combine that with the small number of casinos that support the solution, and your pool of options is limited. It might be a good idea to consider using an alternative withdrawal method at your preferred casino. It might be additional work, but it might be a worthwhile investment overall.

Applicable Fees

One of the best things about using Pix is the lack of fees users are subject to. This is a big selling point for the solution, and it’s often front-and-center in the service’s marketing efforts. While you generally won’t experience any currency conversion fees or other similar charges when using this payment method, you should keep in mind that merchant fees may apply. Of course, these are only an issue if your account is linked to a bank account.

Avoiding merchant fees might be as simple as not linking your account to one from a financial institution, but remember that this could be a detriment to the solution’s speed. Pix keys that aren’t linked may see delays in payments.

Accepted and Restricted Countries

We’ve already mentioned this several times throughout this text. Pix is a payment solution created by the Brazilian government, and as such, it’s exclusive to users within the region. As of right now, there’s no news of plans for expansion beyond the country, no matter how much users from the US, the UK, and other countries request it. Of course, the option isn’t impossible. While we’re not holding out hope for anything, there is a chance that the Brazilian government might release the method for international users in the future.

Available Currencies

You might have already guessed this by now, but since Pix operates within Brazil, the supported currency for the service is the local one - the Brazilian real. All transfers made to the service from different currencies will undergo some changes, so before you make a transfer in US dollars, euros, Candian dollars, Swedish krona, or any other currency, check out the exchange rate for the desired currency beforehand to see if it’s an opportune time to move forward.

Customer Support & Contact

Since Pix is run by the Central Bank of Brazil, if you’d like to get in touch with Customer Support, your best bet is to contact the bank directly. A convenient way to do this is through the bank’s official website. Click on the “contact us” button at the bottom of the page and fill out the form that appears with some basic information about yourself and your concerns. Alternatively, you can call the bank at (888) 479-8584 toll-free from USA or +1 (571) 325-3379 for calls from Brazil or other countries. 

If you don’t think the Central Bank of Brazil can give you the support you need, it might be a good idea to contact the Customer Support team at your chosen operator. If your issue is an error on their end, they’ll work hard to come to a solution as quickly as possible.