PIX Casinos

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.

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.

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.

PIX Pros and Cons

Pros

Cons

Allows instant deposits 24/7

Caters only to Brazilian players

Service suported by more than 700 financial institutions in Brazil

Not available for withdrawals

Does not require bank account

Not a lot online casinos support the payment option

Offers extremely secure payments

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.

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.

Mobile Payments

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.

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.