Which one is worth more?

Since its launch in 2020, Pix has cemented itself as one of the main payment methods among Brazilians, displacing operations such as TED and DOC.

Thus, the tool is becoming more and more easy for the public and the financial market. Among the latest innovations, we now have the Pix Installment Service, which allows consumers to pay in installments with the same security as cash payments.

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However, many are wondering which method is more worthy. Notably, the dispute between Pix, TED, and the DOC was relatively easy to resolve. But the competition with the credit card credit It can be fiercer, because both options have a benefit.

In an interview with E-Investidor, Matera CEO Carlos Neto noted that the new installment method is being developed with the aim of being more attractive than cards, however, notes that it is still necessary to monitor how the market coordinates these products.

“Anyone who has a card and can buy a product for 10 R$100 installments will not want to pay 10 R$105 installments on Pix in installments. If the market launches a product that results in more expensive installments, this will only serve the user who does not have a credit card, And then, in that case, it wouldn’t be successful. But there’s a chance that Pix could generate payments that are the same amount as the premiums on the credit card and generate more benefits for the payer, like more miles, for example,” he said.

Financial Institutions Already Joining Pix in Installments

Although the central bank still plans to make Pix available in installments in the second half of 2021, some Banks And digital wallets already offer this method.

Santander was the first major bank to offer the option to pay installments through the function called “Divide o Pix”.

To split purchases, it is necessary to have the amount available in an account or credit for the transfer amount. After that, you can select the due date and the amount of the installments, which are available in installments of up to 24 installments.

However, the premium amount starts from 100 BRL and the minimum installment amount is 5 BRL. For interest, the bank charges IOF (tax on financial operations) and 2.09% per month for up to 59 days to start payment.

In addition to, financial technology Like Mercado Pago and Pickpay, also offers payment via Pix. At PicPay, you can pay for purchases via “Pix with Card” in up to 12 installments. The fee is 3.99% for each premium.

At Mercado Pago, payment in installments using “QR Pix” can only be made by users with a credit line. loan Available staff. In these cases, the amount can be paid in up to 12 installments, with 2.5% interest per month and an IOF premium.

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Photo: Leonidas Santana / Shutterstock.com