Even though numerous payment solutions cater to the needs of virtual casino players, gaming enthusiasts residing in specific countries may often have limited access to popular methods. This is why services like PIX concentrate on specific markets, offering players smooth and secure transactions from different parts of the world.
PIX is a payment service launched by the Central Bank of Brazil and offers instant payments to Brazilian residents who will also be able to use the method at online casinos. Players can use the service of PIX for their casino deposits, making fast payments without using credit or debit cards.
Simply put, PIX allows users to make payments through online banking, adding an extra level of protection to the transactions. If you are wondering how you can use PIX for your payments and utilize the solution for your casino transactions as well, we suggest you continue reading.
|Connecting bank card/account to PIX||Free|
|Withdrawal balance from PIX to your bank card/account||N/A|
|Pay to online merchants||Free|
|Available for deposit||Yes|
|Available for withdrawal||No|
|Usual deposit time in online casino||Instant|
|Usual withdrawal time from online casino||N/A|
Using PIX for Gambling Transactions
If you have found a virtual casino where you will be able to top up your account via PIX, you will be able to handle your casino deposits in a few simple steps. Before you proceed with making payments to your casino account, you will first need to activate your online banking if you have not already. A PIX key is also required to be able to connect your bank account with the service for your future payments with the PIX system. The PIX key can be obtained by contacting your bank where the service is provided.
PIX is a payment solution that is offered by many of the major banks in Brazil, so the chances to be able to make use of the service are pretty high. If you have found an interactive casino where you will be able to make use of this payment solution, all you need to do is head to the Deposit section, pick PIX as your preferred payment solution and enter the amount you would like to deposit. This will redirect you to another page where you will be asked to provide your CPF number, email, or phone number as well as your PIX key. This will prompt the system to generate a QR code.
You can use your mobile banking app to scan the QR code and confirm the payment. Alternatively, you may be able to use your e-wallet app to scan the QR code generated by the casino and complete the deposit with a single tap on the screen of your phone. As soon as you confirm the transaction, the money is instantly available in your gaming balance.
Unfortunately, when you want to cash out your winnings, you will have to look for an alternative payment method. The system of PIX will not be available for your online casino withdrawals, as it is a solution used only for paying for purchases online or making deposits at virtual casinos.
|PIX Gambling Transactions|
|Deposit pending time||Instant|
|Withdrawal pending time||N/A|
|Additional security||PIX Key, dynamic QR codes|
Advantages and Disadvantages of Using PIX as a Payment Method
If you are wondering whether you should choose PIX for your casino payments, you can make the choice easier by comparing the positive and negative sides of the service. Even though PIX is a relatively new payment method, launched in 2020 in Brazil, it has quickly earned the trust of numerous users, making us believe it can also be a reliable option for your casino deposits.
Even though Boleto is probably the most popular payment option in Brazil for e-commerce, in some aspects, PIX is a much more convenient method. While Boleto slips allow paying via cash, the processing time may take an entire business day, having you wait for your online casino adventures. Meanwhile, PIX payments are processed instantly, allowing you to play your favorite casino games for real money as soon as you are done depositing.
PIX allows instant payment transactions without requiring its users to expose their card numbers, bank account details, or any other type of financial information. That makes the payments via PIX extremely safe, with data showing that the company helps to reduce about 90% of the online payment fraud rate in Brazil.
The payment system of PIX works with more than 700 financial institutions in Brazil, making it widely available to people who wish to use it for their casino deposits. In addition to mobile banking apps, Brazilians can use any e-wallet that can scan QR codes to complete their PIX payments. The great thing about this method is that it is also available to the large portion of Brazilians who do not have bank accounts or do not feel like sharing their banking details. What is more, unlike other services in Brazil, PIX is available 24/7, including on holidays. That allows numerous users to make use of the payment solution at any time.
The cost of using PIX for your casino payments is yet another advantage we believe you will appreciate. Typically, online casinos do not impose any fees on deposits carried out via PIX, allowing players to handle their funds in a budget-friendly way.
While PIX is a very convenient payment solution, it also has its downfalls when it comes to online casino payments. The first one is that PIX is available only for deposits as the service cannot help you collect or store money. That means that you will need to look for another method when you wish to withdraw your casino winnings.
Another inconvenience of the method is that it is only available in Brazil, which means that players residing in other countries will not be able to use the service for their online casino deposits. What is more, since this is a local payment method, it supports payments only in BRL.
As PIX is a relatively new payment solution, it still has not been fully integrated into the gambling sector. That is why it can be a tad difficult to come across many online casinos that support payments via PIX. That said, as it becomes more popular among Brazilians, PIX is expected to be added to more virtual casinos that cater to Brazilian players.
PIX Pros and Cons
Fees for PIX Gambling Transactions
As already mentioned, one of the great features of the PIX payment solution is that it is a very budget-friendly option for your casino top-ups. Generally speaking, online casinos do not impose any fees on deposits that have been carried out via PIX. That said, you should always check with the online casino where you plan to play as each casino determines its policy on fees.
Making payments via PIX is free of charge for customers but banks and other financial institutions may impose some fees for merchants who accept payments via the system of PIX. The cost of PIX payments for merchants rarely exceeds more than 0.22% on average. This is significantly lower than the cost of using debit or credit cards in Brazil.
As one can see, PIX is a cost-effective payment solution for both merchants and the end-user, making it a preferred payment system for many businesses catering to Brazilians.
|Gambling deposit fee||Free|
|Gambling withdrawal fee||N/A|
|Bank account deposit fee||N/A|
|Bank account withdrawal fee||N/A|
|Credit/debit card deposit fee||N/A|
|Credit/debit card withdrawal fee||N/A|
Processing Time with Pix
While PIX is available only for casino deposits, it is still a preferred payment solution as it enables Brazilian players to quickly fund their gaming accounts. While Boleto is one of the most popular payment solutions in Brazil, it is not the fastest way to conduct e-commerce for bankless individuals.
PIX payments are convenient for your online casino deposits as they enable instant transactions at any time of the day. While a Boleto payment may take one business day to be completed, you can instantly top up your casino balance via PIX. When you initiate a payment via PIX, a unique QR code will be generated and you will need to either scan it via your mobile device or copy the code to complete the payment in your financial app. Whichever option you choose, you will be able to deposit into your casino account instantly.
It is possible to make your PIX payments either via your mobile banking app or any e-wallet app that can scan QR codes. With most banks and fintech solutions constantly optimizing their applications, you should not have any issues verifying your deposits via PIX in just a few taps on the screen.
Since you will be able to instantly top up your casino balance via PIX, you will have the opportunity to bet real money on your favorite games as soon as you are done depositing your money.
|Pix Processing times|
|Gambling deposit time||instant|
|Gambling withdrawal time||N/A|
|Bank account deposit time||N/A|
|Bank account withdrawal time||N/A|
|Credit/debit card deposit time||N/A|
|Credit/debit card withdrawal time||N/A|
With Brazil ranking as the world’s fifth-largest internet and smartphone economy, it comes as no surprise that mobile payments are extremely popular among Brazilian e-shoppers. That trend also applies to those enjoying playing for real money at online casinos, looking for convenient methods to fund their casino accounts.
Whether you play on a desktop or mobile device, your smartphone is an integral part of your PIX payments. That means that you will have no issue funding your gaming account via PIX even if you play on the go. The entire payment process is simple and you do not need to install any other mobile apps other than your mobile banking or e-wallet app.
Whenever you request to make a deposit into your casino account via PIX you will be provided with a dynamic QR code. Since PIX is linked to your bank account or e-wallet through the Key you have activated beforehand, you can complete the transaction using either your mobile banking app or your e-wallet app. The QR code that has been generated during the deposit process can be scanned by the respective app you will be using to make the payment. Alternatively, you can choose to copy the code and paste it into the required section on the app to complete the transaction.
Once you confirm the payment on the banking app that you are using, your money should be instantly transferred to your gaming account. That way, you can go back to the mobile casino and start wagering real money on the go.
Since Brazilian players will be using the financial app they are already familiar with, they will have no issue verifying the deposits they have made while playing at mobile casinos. Even though you may be on the move while initiating your PIX payments, you will still be protected as the services will not require you to expose any type of sensitive information to the mobile casino.
|PIX Mobile Payments|
Security at PIX Online Casinos
One of the reasons why PIX has earned such huge popularity for such a short time is the security of the payments carried out via this service. Since the use of PIX eliminates the need of providing card details or other banking information while making a casino deposit, your online payments will be extra secure when processed through the PIX payment system.
As already mentioned, to link the payment service to your bank account or the fintech solution that you are using, you will need to activate your PIX Key. This is used when you want to confirm your online payments, allowing you to provide your Key instead of any financial information required for the transaction. Your PIX Key can be your CPF, phone number, or email address, allowing you to authorize your payment in one simple step.
PIX payments are carried out thanks to the use of dynamic QR codes. These codes are unique for each transaction and contain information about the payments. The deposits carried out through the system of PIX are regulated by the Brazilian Central Bank, ensuring the safety of your money.
The service of PIX requires additional steps of authentication that add another layer of protection to your online payments. The fact that you are using the financial apps that you know and trust is also worth mentioning when we talk about safety. The majority of financial institutions implement tools like encryption, two-factor authentication, or biometric ID to ensure that their customers have full control of their online payments.
|Passcode||Yes (depends on mobile banking app)|
|Fingerprint||Yes (depends on mobile banking app)|
|FaceID||Yes (depends on mobile banking app)|
|Two-factor authentication||Yes (depends on mobile banking app)|
PIX Casinos FAQs
Can I Set Up My Casino Account in a Currency Different Than BRL?
You should remember that PIX is a local payment solution that caters only to residents of Brazil. As such, it processes payments only in BRL and does not support other currencies. That is why you should choose BRL as the currency for your casino account when you are making deposits via PIX.
Are There Any Fees Related to the Casino Deposits I Make via PIX?
No. The use of the service of PIC for your online casino deposits will cost you no additional surcharges. Only merchants accepting payments via PIX may be required to pay a very small fee. Generally speaking, most online casinos also do not impose any fees on deposits made via the payment system of PIX. That said, make sure to check the fees policy of a virtual casino before you proceed with funding your account.
Can I Redeem a Bonus If I Deposit via PIX?
We have not heard about any specific bonus restrictions on players who deposit via PIX. That is why we think that you should have no issue redeeming casino bonuses when you top up your account via PIX. That said, make sure to always read the full terms and conditions of an offer before you redeem it as there might be some specific restrictions on some deposit methods.
Do I Need a Bank Account to Make Payments via PIX?
No. While you can use online/mobile banking to make payments through PIX, you can also use various other fintech solutions such as e-wallets to pay via PIX. The service is supported by more than 700 financial institutions operating in Brazil, allowing easy payments even to those who do not have bank accounts.
Are There Any Limits Related to PIX Payments?
While the payment service of PIX does not impose any limits on payments, your financial app most likely will have a limit on your daily or monthly transactions. What is more, online casinos also tend to have their set limits for deposits made via PIX. The only type of limitation imposed by the service of PIX is on the number of PIX Keys one can obtain. While businesses can activate up to 20 Keys, consumers can activate up to 5 Keys on a single account.
Ask a Question. Get an Answer.
Have a question about this topic? Ask an expert at email@example.com
Find the answers of questions people asked so far:
Why should I use PIX for my online casino deposits instead of resorting to another type of method?
The popularity of PIX in Brazil has surpassed credit cards ever since 2021. For the second quarter of 2023, transactions via the platform of PIX have exceeded 5.4 billion. Meanwhile, during the same period, credit and debit card transactions have reached merely 4 million and 3.8 million respectively. As you can see, the payment system is extremely popular in Brazil, which means that it is widely available across the country. Almost any bank in the country supports payments through the platform of PIX, which also means that it can be widely used by online players who wish to fund their gaming accounts in a safe and convenient way. What is more, thanks to features like 2FA, which enables an additional layer of protection for your transactions, casino payments via PIX are extremely safe.
Can I link my foreign bank account to the PIX payment system when I wish to deposit to my online casino account?
No. As mentioned in the review, PIX is a payment platform that processes payment only in BRL, which means you can link it only to Brazilian banks and financial institutions. That is why players who wish to fund their online casino accounts via PIX will need to use a local bank account to make use of this payment solution. Withdrawing your casino money via PIX must also be done to your local bank account.
Since PIX is exclusively working with BRL, players are advised to use the same currency for their casino accounts as well. However, if the casino does not support BRL, players can still make payments through the PIX system but they must keep in mind that they will pay a currency conversion fee.
During my last online casino deposit session via PIX I wasn’t able to charge the usual amount I am used to depositing. Why is that?
Generally speaking, there are no limits on transactions between PIX users but the online casino where you have registered may impose its own limits at its own discretion. In addition to that, PIX allows its users to set up certain transaction limits, enabling them to take control over their spending. These may be the reasons why you will need to abide by specific limits when depositing into your casino account via PIX.
If you, however, have previously deposited a certain amount to your casino account via PIX and you are certain that you have not set up new limits to your PIX payments, there might be another reason for the failed deposit. At night time, between 8 pm and 6 am, there is a cap of 1,000BRL on transactions between PIX accounts. If you have initiated your last deposit at any time that falls between these hours, your transactions have been most likely limited to that maximum.