Overview
Payment group: Real-time bankingPayment product ID: 6105
Pix is an instant payment platform administered by Brazil's Central Bank, the monetary authority of the country. As a key component of the Brazilian instant payment (IP) network, Pix empowers individuals, businesses, and government entities to effortlessly initiate and receive payment transfers within seconds, even on non-business days. Pix facilitates seamless fund transfers between various types of transactional accounts, such as demand, savings, and prepaid payment accounts. This streamlined framework minimizes the associated acceptance costs due to its limited reliance on intermediaries.
Features
- Allows iframe
- Cancel refund
- Partial refunds
- Redirect
- Recurring
- Refunds
- Tokenization
Key benefits
- Increase your revenue by accepting local bank transfer payments
- Increase conversion by offering the option to make payments to a local bank account
- Allows consumers to make payments to our (local) bank account
- Non-reversible payments – push payment
- No interchange percentage
Boarding
Pix is available as a part of our full-service offering and has a simplified boarding process:
- Our implementation team completes the online boarding form & submits it to Pix.
- Partner completes KYC.
- Partner sets up a new processing account for your business and shares it with us.
- We configure pre-production and production credentials for you.
- You run the end-to-end testing with the support of our implementation team.
- Go live!
For other questions, you can always contact the boarding team to help you out.
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