December 15, 2023
In recent years, the PIX method has emerged as a popular way to make online payments in Brazil. The PIX method is a fast, secure, and reliable way to transfer money between individuals and businesses in Brazil. This article will discuss what the PIX method is, its role in online commerce, how to use it, and how merchants can accept more payments.
What is the PIX Method?
PIX is a Brazilian electronic payment system launched by the Central Bank of Brazil in November 2020. It allows users to make instant payments 24/7, including weekends and holidays, using a mobile device, internet banking, or a QR code. PIX transactions are processed within seconds and are free of charge for individuals and most businesses.
PIX payments are made using a unique identifier, such as a phone number, email address, tax ID, or random key. Users can link multiple bank accounts to their PIX account and use any of them to make or receive payments. PIX payments are also very secure as they are encrypted, authenticated, and monitored by the central bank.
Role of PIX in Online Commerce
The PIX method has quickly become the preferred payment method for many Brazilians, especially in online commerce. According to a survey by Ebit/Nielsen, PIX was the second most used payment method in Brazilian e-commerce in the first quarter of 2021, after credit cards.
Merchants who accept PIX payments can benefit from faster payments, lower transaction costs, and reduced fraud risk. PIX payments are processed instantly and settled in real-time, which means merchants can receive the funds immediately and avoid chargebacks. PIX payments are also free or cheaper than other payment methods, such as credit cards or boleto bancário.
How to Use PIX Method
To use the PIX method, you need to have a bank account in Brazil and register for a PIX account with your bank. You can do this through your bank's mobile app, internet banking, or at a bank branch.
Once you have a PIX account, you can use it to make or receive payments by entering the recipient's unique identifier or scanning their QR code. You can also link multiple bank accounts to your PIX account and choose which one to use for each payment. PIX payments can be made 24/7, including weekends and holidays, and are processed within seconds.
Merchants who want to accept PIX payments can do so by integrating a PIX solution with their payment gateway or e-commerce platform. Many payment service providers (PSPs), such as AstroPay, BEETELLER, PayRetailers, commercegate, and beezyycashier, provide PIX solutions that merchants can use to accept PIX payments from their customers.
Accepting More Payments with beezyycashier
beezyycashier is a payment service provider that can help merchants accept more payments, including PIX payments. beezyycashier provides a free integration service that allows merchants to connect their payment gateway or e-commerce platform to a variety of payment providers, anti-fraud systems, verification services, and analytics tools.
beezyycashier does not charge any commission for installation, integration, or additional connections to CRM systems or projects. They also offer customization of payment pages to match the merchant's brand and design.
Conclusion
The PIX method is a fast, secure, and reliable way to make online payments in Brazil. It has quickly become the preferred payment method for many Brazilians, especially in online commerce. Merchants who accept PIX payments can benefit from faster payments, lower transaction costs, and reduced fraud risk. beezyycashier is a payment service provider that can help merchants accept more payments, including PIX payments, and integrate them into their payment gateway or e-commerce platform for free.
