Pix Online Casinos

The online gambling scene in Latin America has been growing with the speed of light in the past decade, especially in Brazil, a country where people love to gamble. Across Brazilian online casinos, players can find many traditional payment methods they could use, however, most modern players are looking for more innovative solutions offering the fastest processing times. One such solution is Pix. This is an electronic payment system that allows transactions in real-time, which has become the go-to payment method for hundreds of Brazilian online casino players. What is Pix and why use it as your online casino payment method?

About Pix

Pix is an electronic payment system that emerged in Brazil in 2020, at times when there was a huge demand for instant payment processing services. It is a fairly new, dynamic solution that has taken the market by storm and has already become one of the most well-known names in the online banking scene, in just two years. Everyone in Brazil has either heard of it or used it already, as it is incredibly convenient for all kinds of online payments.

It was released by the Brazilian government, believe it or not, a few years ago, with the aim of helping the citizens make transactions, sparing just a few seconds of their time. Users can use it for online shopping, paying bills, traditional purchases across online platforms, money transfers, and of course, deposits across online casino sites. But more on that later.

For now, you should know that considering it was launched by the government itself, the solution offers many benefits to users. In its payment system, all Brazilian financial institutions and banks that have over 500,000 accounts must include it in their systems, meaning you can use the solution regardless of which bank you’re using normally.

And since it works similarly to eWallets, the transactions you’ll be making with it would be instant, within seconds. Sure, there were many similar services to Pix in the past, but they were only processing transactions during business hours. With this solution, transactions are processed 24/7, so you can make them whenever you want.

The best part, though, even though it would be great if you had one, you actually don’t even need a personal bank account to use it! This is a huge advantage in cases when you need to make a transaction after the banks’ working hours! The solution works on these unique accounts named Pix keys, to be elaborated on later, and that’s why it is so convenient to use.

Now, considering all of these perks, if a Brazilian player looking for the most perfect payment method to use across online casinos, this is the one for you. It is accepted across a variety of top online casino sites accepting players from Brazil, so make sure to stay with us to learn how to get started with it.

How to Start Using Pix

We mentioned just now that you don’t actually need to have a personal bank account to get started with the solution, but a unique Pix keys account. The platform works on these keys, so let’s see what they really are.

Based on how you want to set up your Pix account, you have four different key types at your disposal. A randomly-chosen, a phone number, an email address and an individual taxpayer ID are the possible keys. As implied by their names, you’d need to provide the corresponding sensitive details in order to get your key. After you do, that key will become your ID, your account, your actual key towards transacting with the solution.

Of course, you can always link your personal bank account to the Pix key if you want to, and as recommended by the Central Bank of Brazil. While transactions without a bank account are possible, as mentioned, you can rest assured that by connecting your bank account, you'll never experience any transaction delays and the whole transacting process would be much easier. This is entirely optional, though, considering you can always use one of the four Pix keys to get started with the solution.

Speaking of which, once you get the gist of it, you will be ready to start using the solution across online casinos. Continue reading to discover how to do that.

Depositing and Withdrawing with the Solution

Now that you know how unique the getting started process with the solution is, you should learn how to actually use the solution across Brazilian online casinos. The first step you need to make, of course, is to find the perfect online casino for you which offers transactions with this method. If you know the formal laws in Brazil when it comes to online gambling, you know that there are many international casinos accepting players from the country, but not as many local. Therefore, you’ll have plenty of international casinos at your disposal to check out, so as soon as you do, pick one that you’d love to join and register an account with it.

To make a deposit with Pix, you would have to do the following:

1. Go to the online casino’s Banking/Payments/Deposits section.
2. Look for its logo and choose Pix as your payment method.
3. In the pop-up, decide on the key to use and copy it.
4. Enter your online banking profile or digital wallet and paste the chosen key.
5. Specify how much you’d like to deposit.
6. Confirm the transaction and within seconds, the money will arrive in your casino balance.

Withdrawals are not only possible but also pretty easy with this solution. You'd need to go through the same first two steps, but on the third step, send your key to the casino, and specify how much you'd like to cash out. After the casino approves it, the withdrawal will arrive on your account in a few days. It will take some time for the casino to review and approve your request.

Coverage and Restrictions

Considering this is a payment method launched by the Brazilian government in association with the Central Bank of Brazil, it should be clear that the solution is only available in Brazil. Therefore, it is exclusive to Brazilian online casino players, and if not one, don't expect to be able to use it.

There’s no mention of any strategic expansion plans across other Latin American countries or anywhere else. Therefore, do not hold your breath if a player from anywhere else than Brazil.

Fees and Additional Charges

Again, since this is a solution launched by the Brazilian government, it is also one of the most cost-efficient solutions out there. The government wanted to create a payment method that would offer users value for their money, meaning it cut the fees that normally go with similar payment processing services.

Therefore, Pix is a fee-free solution. There won’t even be currency conversion fees, no hidden fees, nada. However, keep in mind that the online platforms, in this case, online casinos, may decide to charge a fee at their discretion, especially if linked to a bank account.

Accepted Currencies

It goes without saying that the Brazilian real is the default currency when using this solution since this is a method launched in the country and by the government. Therefore, you will be able to enjoy truly convenient online banking with it, using your own country's currency.

In case you wish to use a different currency, expect currency conversion fees. Still, for a certain conversion fee, you’d be able to make a transfer in Swedish krona, UK pound sterling, Canadian dollars, euros and US dollars.

Customer Support

Considering this is a solution that is run by the Brazilian government and the Central Bank of Brazil, if you’d need assistance when it comes to using it, you better contact your bank’s Customer Support agents. You can do so in person, by going to the bank physically, or you can do it over the phone, email or any other communication mean available on the bank’s website. It’s simple: just go to the official website and look for the Contact Us page and you’ll find the options.

Alternatively, you can always contact your online casino’s Customer Support team. Casino Customer Support representatives are usually trained in providing answers and solutions to players, regardless of the payment method in question.

Conclusion

Pix is, without a doubt, one of the most popular and widely used payment methods in Brazil. If a Brazilian online casino player, you can use it across many sites accepting players from your country and enjoy all the perks it comes with. It is incredibly easy and convenient to use, available for both deposits and withdrawals, and you can use your own currency, the Brazilian real when transacting with it across online casinos. There's no reason why you shouldn't at least give it a try, so make sure you do so to see how effortless your online gambling transactions will be with it. 

FAQs

Is it possible for Pix to become available in countries other than Brazil?

This is highly unlikely, considering the solution has been developed and launched as a collaboration between the government and the Central Bank of Brazil. However, similar solutions may appear in a different country, so make sure you do your research before you chose a payment method to play with across online casinos.

How long do withdrawals with the solution take overall?

As mentioned, the casino needs to review your withdrawal request, which may take 48 to 72 hours, or more. As soon as it confirms it, the solution will make sure your money arrives, but overall, be prepared to wait a few days.

How can I know the solution is safe to use?

Given the fact it is backed up by the Brazilian government, and most importantly, the Central Bank of Brazil, you can rest assured that it is a perfectly safe method to use. All the data and communication shared between you and the solution is encrypted and protected, in line with Brazilian regulations.

Is there an official Pix website?

No, not really. Since this is a payment system, a service offered by the Central Bank of Brazil, it is offered by Brazilian banks. Therefore, if you need to know more about it, you better check your bank’s official website.

How many casinos approximately accept Pix?

As said, the solution is one of the most popular in the country, therefore, any casino that accepts players from Brazil is sure a casino that offers Pix as a payment method. Therefore, you can rest assured that you’ll get hundreds of sites to explore.