What do the bakery, the parking lot, and the ATM have in common? as of today (29), these institutions pass To present the Pix Cashout function, one of the new features of the instant payment system established by the Central Bank. Services, also at option Pics Truco, with a promise to add convenience and ease to the people included in Financial System National (SFN) And increasing the scope of the withdrawal service, in the evaluation of competition management and the structure of the financial market (Decem) in the Central Bank.
Features reach residents through Serving Agentscommercial enterprises and joint ATM networks that provide secondary services to financial services; And through withdrawal service providers, such as banks and financial institutions participating in the instant payments system, which offer users accounts and their ATMs.
In practice, kick pecs It is allowed to withdraw cash resources at any of the sites that act as a withdrawal agent. For this who wants to withdraw money Need to transfer the amount to the facility. The transaction can take place in two ways: by reading a QR Code Show to the customer or using the function Copy and paste Pix. With cash on hand, use can be anywhere.
I s Pix Troca also gives access to physical funds, as long as the purchase is made in companies and businesses. In a beauty salon, for example, a user can earn R$100 to pay for services that cost half. Changes of R$50 will be returned in cash. At the bakery, when you buy 10 Brazilian Real worth of bread, R$20 Pix will require the bakery to return 10 US dollars in banknotes or coins. The personal account is also transferred by reading the unique QR code.
Both jobs are available to everyone.Regardless of the institution offering Pix: Banking, Fintech, Credit Fintech, for example. According to the central bank, the institution hopes to encourage greater digitization of the financial and payment systems.
Value limits and withdrawal times
Maximum transactions for Pix Saque and Pix Troco will be R$500 during the day and R$100 at night (from 8 PM to 6 AM). But it’s important to be aware: This is not a one-size-fits-all rule. Companies introducing new products may adopt lower limits, if necessary due to the risk assessment.
At the same time, Anyone with a Pix key can reduce the service limits if they prefer to do so for reasons of financial control or security. The central bank reinforces it The transaction limit must follow the maximum amount stipulated for the Pix resource. In other words, a person with a Pix limit of R$400 and a maximum withdrawal of R$500 of funds during the day will not be able to carry out the transaction.
The values are not cumulative either., anyone who has a Pix limit of R$400 and a cash withdrawal limit of R$300 in the daytime will not be able to make a Pix change of R$700, because the total is above the Pix limit of R$400.
At the same time, Institutions that provide withdrawal services are free to set limits for each transaction and withdrawal period for residents. For this, BC specifies that data such as profile, location, hours and other security parameters are taken into account. Practically speaking, if a shop or barbershop has set a withdrawal limit of R$50, even if customers have a withdrawal limit of R$100, the transaction will not be possible in this establishment.
In times of online banking transactions, it is possible that you will run into a cash short of existing and new withdrawal points. The central bank clarifies that the withdrawal agent cannot be penalized if it cannot deliver the Pix Saque and/or the Pix Troco, As long as the transaction has not started.
Collection of fees and rewards for service points
For those who are already planning to use the resources, it is good to know Up to eight monthly transactions can be made without fees by the institution that owns the deposit account or prepaid account. but An organization can choose to deduct up to four basic free withdrawals from this total.. For legal entities, a fee can be charged from the first transaction.
Pix Saque e Troco – Fee collection – Image: Implementation Guide Pix Saque Troco – Central Bank
For those offering withdrawal or change points, a fee ranging from R$ 0.25 to R$ 0.95 will be paid, depending on the contract signed. This fee will be paid by the financial institution of the relationship of customers who use the withdrawal. Payments will be made on different dates, from the 5th to the 15th working day of the month. BC also estimates that there will be an indirect bonus: By offering services, organizations gain more visibility of their products and services, which is called the “display effect”.
The Pix Saque and Pix Troco debate started in May
The job offer was discussed between May and June by Public Consultation 87/2021. On August 24, a collegiate board meeting in British Columbia approved changes to the Pix regulation and began making new products available. In September, BC announced the release date of Pix Saque and Pix Troco.
in time, Angelo DuarteAnd Central Bank President December, made it clear that the goal is to bring greater flexibility to withdrawal clients. “They will be able to choose to offer only one product or both, depending on their needs and business models.“, It is to explain.
During the month of November, contracts were signed between the banks or payment institutions participating in Pix and the companies that will act as withdrawal agents. During the negotiation, each agent was able to specify the terms of service provision, such as the days and times they intended to provide the service; Information on amounts (for example, only multiples of 10 BRL), among others.
according to Carlos Eduardo Brandt, Vice President of DECEMThe two new products will improve the terms of delivery and pricing of withdrawal services, especially for digital institutions and those without a network of branches or ATMs.
Increasing competition in the national financial system should also lead to increased efficiency, through the reuse of retail cash and benefit from this network. He stressed that “the possibility of having commercial establishments to provide the withdrawal service would reduce the logistical and operational cost through the distribution of cash.”
Money – Photo: Agência Brasil / EBC
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