PIX is an instant payment system created and managed by the Central Bank of Brazil. Launched in November 2020, it’s one of the most used payment methods in the country. PIX allows individuals, businesses and government entities to make transactions 24/7. Payments can be made using phone numbers, email addresses, CPF or a randomly generated code.
Key features:
- Instant: Payments and transfers happen in real time, usually in seconds.
- 24/7: Unlike traditional bank transfers (DOC or TED), PIX works 24/7, even on weekends and holidays.
- Low or no cost: For individuals, PIX is free. For businesses, there’s a small fee, but it’s lower than other payment methods.
- Versatile: Can be used to pay for goods and services, send money to friends or family, pay taxes or bills.
PIX in Online Casinos
“Cassino PIX” is an online casino that accepts PIX as a payment method. Because of its speed and convenience and growing adoption in Brazil, many online businesses, including casinos, are starting to offer PIX as a payment option. Users can deposit and withdraw money fast, so it’s very attractive for online gamblers.
PIX is so popular in Brazil that it’s the go-to method for both everyday purchases and for niche markets like online gambling where instant payments are king.