Pix Casinos - Safe Deposit

Players at online casinos are always on the lookout for the most secure, convenient, and cost-effective payment solutions. Because of the fierce competition for customers, various country-specific payment options have emerged in recent years.

Such payment services provide a personalized and intuitive banking experience since they are tailored to the needs of a specific market. In other words, they cater to people who live in particular countries.

For instance, these payment methods allow online casino players to complete transactions in their local currency. One such local banking option is Pix, a new instant payment method developed by Banco Central do Brasil (the Central Bank of Brazil) in 2020.

How to Make a Deposit with PixHow to Make a Withdrawal with Pix
Emily Thompson
Written byEmily ThompsonWriter
Researched byPriya PatelResearcher
How to Make a Deposit with Pix

How to Make a Deposit with Pix

So, how do you fund your online casino account with Pix? Well, first things first, you will need to create a transactional account and a Pix key/alias before you can deposit to a Brazilian online casino.

Creating a Transactional Account

Although Pix does not require a bank account, you must have a transactional account with a Pix partner (financial institution). This can be a prepaid account, savings, or current deposit account.

Pix Key/Alias Registration

A Pix alias or key is a digital "nickname" that you can connect to your accounts and complete transactions with. The bank will issue you a unique code via email or SMS to confirm your key.

Complete the verification by simply entering the code into the access channel supplied by your financial institution. The alias can be a random alphanumeric string, tax identification number (CPF), or mobile phone number.

Depositing Procedure

Once you're through the above steps, log in to your online casino account, navigate to the Cashier page, and choose Deposit. Select Pix as your preferred deposit option from the available options.

This is the moment to use any bonus codes you may have. Next, you will be redirected to the processor's page, where you can enter your CPF to generate a QR code and a Pix key. Use the QR code generated to complete the transaction at your online bank portal.

How to Make a Deposit with Pix
How to Make a Withdrawal with Pix

How to Make a Withdrawal with Pix

Unfortunately, even the best things are not devoid of flaws. If you win at the casino, you will not be able to withdraw your winnings using Pix. That's because the provider does not support casino withdrawal transactions (at least for now).

But this is not unique to Pix since many online payment processors also don't support withdrawals. As a result, you'll need to find another way to cash out your winnings. Thankfully, there are many such options in Brazil, so this should not be a cause for alarm at all.

Again, with Pix putting the interest of customers first, the provider is perhaps mulling over introducing a withdrawal service; no one can rule that possibility out.

But what makes Pix the go-to for many online casino players in Brazil despite the fact that it doesn't support withdrawals? Yes, at least 60% of Brazilians now use Pix as their preferred payment solution, and the rationale for this is simple: Pix is regulated by the Central Bank of Brazil, which means it is one of the safest payment solutions in the country.

And while nothing gives online casino players peace of mind like a trustworthy payment solution, Pix is also fast and cost-effective. So, what else would one look for in a payment service provider?

Convenience

Besides being fast, secure, and cost-effective, Pix is very convenient. You don't need banknotes, checks, a POS (point of sale), a debit card, or a credit card to use this service. To initiate a money transfer, simply ask for the Pix alias or scan the QR code as a payer.

However, you must have an account in one of the financial institutions that partner with this banking service. To put it another way, Pix does not limit you to banks only: Fintech firms and other payment institutions also support it.

Mobile Friendly

When it comes to using Pix, the only mandatory thing is a mobile phone. Pix payments are completed via dynamic or static QR codes, which players must scan using their mobile devices. Clearly, this is good news to casino players who want to fund their accounts on the move.

How to Make a Withdrawal with Pix
About the author
Emily Thompson
Emily Thompson

Emily "VegasMuse" Thompson is a seasoned online casino enthusiast from down under. With a keen eye for details and an inherent knack for strategizing, she has turned her passion for the online casino world into a successful writing career.

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