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- Transparency of transactions
- Lack of central regulation
- Complete anonymity
Pix is known for its fast deposit speed, top-notch security, and free transactions. The process of making payments with the processor is also very easy, making it a popular choice for both newbies and expert gamers.
Continue reading this guide to learn more about Pix and discover how to use it at online casinos.
Pix is a Brazilian online payment method created and launched by Banco Central do Brasil (BCB) on November 16th, 2020. It allows for instant transfer of money in Brazilian real from one participating institution to another. At the moment, the service supports over 750 banks and financial institutions in Brazil.
To use Pix payments, you need to have a Brazilian bank account or an account with another participating financial institution. After that, you must set up a unique key, which is called the Pix key. These are the four types of keys you can use:
If you’re transferring money to another individual, you’ll need to use the receiving party’s Pix key. For payments to merchants, you can either make payments with the Pix key or by scanning a QR code that shows up on the website.
There isn’t so much to say about Pix as it was only founded in 2020. It was developed by the Brazilian government to make electronic payments easy for its citizens. Since its launch, millions of people have used it for online shopping, traditional purchases, bill payments, and money transfers.
The Central Bank of Brazil mandates every financial institution with over 500,000 accounts to participate in Pix. Smaller financial institutions are allowed to choose whether or not to participate, but many of them have joined without questions. This explains why it is widespread across the country.
The use of Pix at online casinos is rapidly growing as the payment method offers lots of benefits. Here are the most important ones:
Despite all its good features, you may also face some challenges if you want to use Pix. These are some of them:
As mentioned, you need to set up a Pix key if you hope to receive funds through the method. Otherwise, you can make only deposits without the key. The sections below show you how to deposit and withdraw with the option.
Make sure you begin by opening an account with an online casino that accepts Pix. After that, take the following steps:
Unfortunately, not so many casinos accept the method for withdrawals. For those that do, it may take a few days to complete processing your payments. The casino operator will have to assess your withdrawal request and confirm your Pix key before releasing the money. If available, you can withdraw with the same process you used to deposit.
Many top online gambling sites accept Pix, so you can be confident that you’ll find thousands of games to enjoy. These casinos partner with hundreds of top game developers, so their games are of excellent quality. Here are the main categories of games at Pix iGaming sites:
You can keep your mind at rest as making payments with Pix will not hinder your chances of claiming bonuses at casinos. In fact, many Pix gambling sites are loaded with rewarding promos. They dish out bonus credits to both new and returning players.
The bonuses to expect at Pix casinos include no deposit, free spins, welcome match bonuses, cashback, reload bonuses, and referral bonuses. VIP programs are also made available to reward loyal players regularly.
While Pix is a great payment method, not all iGaming platforms that accept it may be good. You have to carefully select a good one to ensure you have a pleasurable experience.
First, you must consider only casinos that are licensed and regulated by trustworthy gambling authorities. After that, check the security methods employed by the casino site. A safe website must have a valid SSL certificate.
Additionally, look for casinos with large game collections, excellent promotions, 24/7 customer support, and many payment methods. An easy way to find a good site is by checking our list of top Pix casinos.
Gamblers who make use of their mobile devices for gaming have nothing to worry about when it comes to using Pix. The processor is a seamless mobile payment method that involves the use of an app. As long as you have a good Android or iOS system, you can make payments with the method.
What’s more, online casinos with the payment method are mobile-friendly. Their websites are responsive on mobile browsers, regardless of the device's iOS or screen size. The games offered on these sites are built with HTML5 technology, so they work smoothly on mobile browsers and apps.
If you’re looking for an alternative method to use instead of Pix, here are some popular options:
Pix is one of the best banking options available for gamers at casinos in Brazil. It allows for the safe and speedy transfer of money from your wallet or bank into your casino account. The beautiful thing is that you won’t have to connect your bank account to the casino in any way. Pix stands as a good intermediary and provides you with unique keys to accept cashouts.
Those outside Brazil will have to choose other methods as the service is currently unavailable outside the country. Another disadvantage of Pix is its slow withdrawal time. Players have to wait for more than one day to get their winnings with Pix.
Nevertheless, Pix remains a safe and trustworthy option. It is powered by the Central Bank of Brazil and this makes it highly secure. Thus, you have nothing to worry about your funds when you play at reputable Pix casinos.
What’s left for you is to pick a suitable Pix iGaming site to try your luck now. Feel free to explore our list and choose the one with offers you prefer.