PIX – Understand Better How This Payment System Works.

As we already know, today almost everything can be resolved via cell phone. So it's no big surprise that the development of money has also gone in this direction. Therefore, understand better how this works payment system – Pix.

Although it is still a little young, it can be said that from now on, it has taken control of our lives. Pix is an electronic way to make payments instantly. However, it is free and considered very safe.

Pix was created by the central bank on October 5, 2020 and began its activities on November 16 of the same year. Its biggest difference is that it operates 24 hours a day, seven days a week. Therefore, the Pix is a new way to send or receive money and make payments.

How the Via Pix Payment System Works.

Mentioned previously, Pix was created by the central bank, becoming another option in contrast to the movements made in the DOC and TED modalities. But it is also used to make payments.

However, what was not expected was that it would be so widely accepted. Well, its main characteristic is its ease. However, with just your cell phone in hand and your bank's app installed, Pix can be done at any time.

So, just access your bank's app and register a Pix key. This key can be your CPF, CNPJ, cell phone number, email or even a random Pix key. Therefore, best of all, there are no fees for individuals and MEI accounts.

Tips for Using Pix Safely.

• Only use your bank's app.
• Avoid making transactions using public Wi-Fi networks.
• Be careful with contactless payments.
• Be wary of Pix keys sent via Whatsapp.
• Always confirm the name and amount before confirming.

So, according to the Central Bank, one of Pix's objectives is to speed up and simplify all payments and transactions between people, companies and government institutions.

What are the Pix transfer limits.

At first, no one talked about whether there could be limits on transfers and payments via Pix. But, as the facts unfold, a new measure needs to be taken. Because, even though Pix is considered quite safe, it can happen that a person ends up falling for a scam.

But, not due to a system failure, due to the user's own failure with bad intentions. So, to avoid future problems, some timetable adjustments are already being made. So, basically it will happen as follows:

• From 6am to 8pm: no value restrictions, as long as there is a balance in the account. You can transfer 100% from the daily/monthly limit you have available in your account. 
• From 8pm to 6am: total limit of R$ 1,000.00* – as long as there is a balance in the account and it does not exceed your available daily/monthly limit. 

However, it is worth remembering that this may vary from bank to bank. We recommend that you contact your bank and check the availability of amounts.

Concluding.

In this article, you can check and better understand how this payment system – Pix – works. We hope to have contributed and answered your questions regarding this way of making transfers and payments in seconds.

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