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.
What is PIX?
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:
- CPF or CNPJ – This refers to the personal taxpayer ID in Brazil
- Email Address
- Telephone Number
- Randomly chosen key
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.
Briefly History of Pix
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.
Advantages of Making Payments with Pix at Casinos
The use of Pix at online casinos is rapidly growing as the payment method offers lots of benefits. Here are the most important ones:
- Fast payments: The payment method eliminates the unnecessary waiting times of traditional bank transfers. Your deposits hit the casino account within 10 seconds.
- Highly secure: Pix is powered by the central bank of Brazil, so it uses bank-level security techniques. Online casinos with Pix also use necessary encryption protocols to ensure that your payments are processed securely.
- Easy to use: It doesn’t matter if you’re experienced or new to online payments in Brazil, Pix is quite straightforward. It only takes a few taps for you to transfer money to the casino and withdraw to your account.
- Suitable for Brazilians: If you’re a resident of Brazil, the Pix payment system is one of the best options available to you. You can transfer money from your bank account and receive winnings in BRL.
- Free transactions: Both deposits and withdrawals are entirely free with Pix. The Brazilian central bank does not charge you any fee, regardless of who you are paying to. However, there might be some deductions if your withdrawals have to do with currency conversion.
Drawbacks of Pix
Despite all its good features, you may also face some challenges if you want to use Pix. These are some of them:
- Not so popular: At the moment, only a few casinos that target Brazilians accept payments with the method. You may not find it in the cashier section of your favorite casino.
- Only available in Brazil: Currently, Pix can only be used by people residing in Brazil. It doesn’t partner with other financial institutions outside the country and only accepts BRL
- Rarely available for withdrawals: You may not find the payment option on the list of withdrawal methods when you’re ready to cash out. Worse still, cashouts take a lot of time even when it is available.
How to Use Pix at iGaming Sites
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.
Deposits with Pix
Make sure you begin by opening an account with an online casino that accepts Pix. After that, take the following steps:
- Log in to the casino site and head to the “Cashier” or “Deposit” page
- Select Pix from the list of deposit options
- Wait for the page to show the QR code or the casino’s Pix key
- Scan the QR code or copy the Pix key
- If you copied the key, open your Pix payment app and enter it in the payment section
- Type in the amount you wish to deposit
- Confirm the transaction and the money will reach your casino account within a few seconds.
Withdrawals with Pix
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.
Games at Casinos Accepting Pix
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:
- Slots: The slots lobby at the casinos contains thousands of interesting titles. They come in various themes, including nature, adventure, science, love, TV/movies, and many others. There are also numerous categories of slots – 3 reel classics, 3D video slots, megaways, jackpots, and others.
- Table games: Expect to find many classic table games as well. There are variants of games like blackjack, poker, roulette, baccarat, and sic bo. You’ll also find many other traditional gambling games in the lobby.
- Video poker: Top Pix casinos also feature a good selection of video poker titles from various developers. These include variants like Joker Poker, Deuces Wild, Jacks or Better, and Tens or Better.
- Live casinos: Another category of games you should look forward to are the live dealers. These games are hosted by real human dealers and streamed in HD quality from beautiful studios. Pix casinos offer live blackjack, roulette, poker, baccarat, and many other titles. Numerous gameshows are also available.
- Provably fair games: These games are mostly found at Pix iGaming sites that deal with crypto payments. The most popular provably fair games include crash games, mines, and Plinko. However, there are also many provably fair slots and table games offered.
Bonuses & Promotions Offered at Pix Casino 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.
How to Choose the Best Pix Casino Sites
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.
Mobile Gaming at Online Casino Sites Accepting Pix
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.
Pix Alternatives
If you’re looking for an alternative method to use instead of Pix, here are some popular options:
- Visa: A very easy way to deposit funds at casinos, whether in Brazil or other parts of the world, is the Visa card. It only requires you to input your card details and confirm the transaction. Deposits are fast and secure with Visa, but withdrawals are quite slow.
- Skrill: If you prefer to use e-wallets for payments, Skrill is a great option. The good thing about Skrill is that both deposits and withdrawals can be instant. What’s more, you do not have to pay from your bank account when you use Skrill. You can store your gambling funds separately in the wallet.
- Boleto: Before the advent of Pix, Boleto used to be the most popular native casino bank option in Brazil. If you reside in the country, Boleto can be a suitable alternative for you. However, it is not available for withdrawals.
- Cryptocurrencies: Crypto payments serve as the best alternative to all payment options at casinos. You can use cryptos for both deposits and withdrawals. The payments are instant, transparent, and secure.
Conclusion
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.
