Pix Saque and Pix Troco will take effect from this Monday (11/29)
Pix Saque and Pix Troco allow cash withdrawals in commercial establishments - Photo: Marcello Casal Jr Agência Brasil
From this Monday, November 29th, the population will have one more option to withdraw money in addition to the ATM and bank branch. Now, two new modalities of Pix are valid: Pix Saque and Pix Troco, which allow cash withdrawals in commercial establishments where the customer already makes purchases, such as stores, bakeries and supermarkets, for example.
According to the president of the Central Bank (BC), Roberto Campos Neto, the new functionality will be gradually made available by the retailer.
To make a withdrawal using the tool, the customer simply sends a Pix to the establishment, using the same process as sending a normal Pix, from the reading of a QR Code shown to the customer or from the service provider's application. But, in this case, the store will transfer the full value of the Pix in cash to the customer.
In Pix Troca, the process is very similar. The customer makes a purchase, pays with Pix, but for a higher value than the goods or services. The establishment refunds the excess amount in cash.
The maximum limit for Pix Saque and Pix Troco transactions is R$500 during the day and R$100 at night, between 8 pm and 6 am. However, establishments will have the autonomy to offer lower limits, if they deem it more appropriate and safe.
Customers can make up to eight free Pix Saque or Pix Troca operations. The commerce that makes the service available will receive a fee that can vary from R$ 0.25 to R$ 0.95 per transaction. Payment will be made by the financial institution where the user who makes the withdrawal has an account.
1 year of Pix
The Central Bank's instant payment system completed one year this November. “Pix became popular with Brazilians and its use intensifies month after month. Brazil is the country that had the fastest accession of instant payment methods in the world, when we consider the number of transactions per capita”, celebrates the president of the Central Bank.
According to data from the Central Bank, in one year of operation, the volume of transactions through Pix was quite expressive. In October, the instant payments system moved BRL 502 billion, against BRL 25.1 billion paid in November last year. According to the Central Bank, 75% of Pix transactions in October took place between individuals, against 87% in the first month of operation.
"The amount of Pix already surpasses that of other traditional means, such as intrabank transfers, such as Ted, Doc, check, bank slip, prepaid card and direct debit, only behind collection agreements, debit card and credit card" , emphasized Roberto Campos Neto.
Finance, Taxes and Public Management