Total surprise, news about PIX just came out shocking and frightening Brazilians

Since its launch in November 2020, it has become pix It has gained popularity as a fast and convenient way to conduct financial transactions in Brazil. However, there has been an important change in the system recently: the ability to charge transaction fees.

This novelty has generated doubts and discussions among users of the system. in this subject Just left today In Notícias Concursos, we will explain how the Charging fees for PIX transactionsWhat are the rules and how they may affect your use of instant payments.

Read more: Big victory for Brazilians with PIX just released today

How does PIX pre-shipment work?

Since its release, pix It was free for individuals, i.e. it was not there Fee collection for transactions between these accounts. In addition, transactions between accounts of legal entities were also free within a period of four months after the start of operations.

What has changed with PIX graphics?

In the last month of March 2023, the Central Bank announced a possibility Charging fees for PIX transactions. As a result, financial institutions now have a choice charge the tax of users pix in some specific situations.

For example, organizations can Free PIX for every:

• transactions involving transfers between accounts of legal entities;
• transfers to other bank accounts;
• Executing transactions outside working hours.

What are the rules for charging PIX?

rules Cost tax from pix They are protected by the central bank and are the options of financial institutions. This means that each bank can decide whether or not to charge for transactions and what fees to apply. However, it is important to note that financial institutions are obligated to provide their customers with the option to make free transactions.

How can billing affect the use of the transaction system?

a Charging fees for PIX transactions It may affect the use of the system in several ways. Let’s review some of them:

• Additional cost – If financial institutions choose to charge for certain operations, it may represent an additional cost to users. For example, if a person needs to make several frequent transfers between accounts of legal entities, over time it will seem like a large amount. This will prompt customers to evaluate if the option is still viable compared to other payment options;
• Change in Behavior – Users who are used to free PIX may have to reverse their paying habits. For example, they can choose to use other options, such as TEDs and DOCs, which are still free in many cases;
• Impact on Small Businesses – For small businesses that use PIX as a way to receive payments from their customers, charging fees may represent an additional cost in their financial transactions. This will affect the profit margins of these companies, especially those with a large volume of transactions;
• Inaccessibility for low-income people – The instant transaction system has been a popular financial inclusion option for low-income people. These often do not have access to traditional financial services. Fees will be an obstacle for these citizens, who will certainly have difficulties in bearing the additional costs;
• Possibility of variance in fees charged – Since the imposition of fees is optional for financial institutions, there may be a difference in fees from one institution to another. This will lead to complexity and lack of transparency for the users, who need to be aware of the bank’s policies. The difference will also make it difficult to compare costs between pix and other payment options.