Pix arrived in November 2020 to facilitate payments between people and companies. For an ordinary user, there are no fees: just choose this transfer method to send the money. For companies, the main difference is related to charges on transactions. Check out 6 questions and answers about how Pix works for companies.
If you are still not aware of Pix, we have already published another series of clarifications on the Central Bank’s instant payment system:
1. Do I need to register to use Pix at the company?
No. As for individuals, there is no “register” to use Pix. Financial institutions (banks, fintechs and digital portfolios) adhere to the system.
The customers of these entities do not even need to register a key, the use consists of accessing the application of the institution they have an account with and selecting Pix as the payment method, finally you need to indicate the data of the recipient (it may be the key, QR Code or even current account and branch data).
2. Is there a charge for using Pix for companies?
The Central Bank explains that the collection can be made, in the case of legal entities, both as a result of sending and receiving funds for the purpose of transfer and purchases.
These rates can be “freely” defined by participating financial institutions, but, according to the Central Bank, “as Pix is an open model, with a high degree of competition (…), costs tend to be lower than other means electronic payment system ”.
In some cases, the fees may exceed R $ 150 reais, varying according to the payment amount. The Central Bank recommends that the user research the institution that has the best conditions. Mercado Pago, for example, offers zero fee for small businesses.
Recalling that: individuals, MEIs (individual microentrepreneurs) and EIs (individual entrepreneurs) are exempt from taxes via Pix, except if it is a commercial purpose, if so identified by the bank.
What else can be charged for?
In addition to receipts and payments, company accounts that use Pix may be charged for providing ancillary services related to sending or receiving, such as Pix Cobrança.
Again, it will depend on the chosen financial institution.
3. What is Pix Cobrança?
Pix Cobrança can also be used by individuals, but the use is greater by a company, precisely because of the resources for managing transactions.
Using the Pix API, Pix Cobrança is an additional and optional tool that will depend on the offer of financial institutions (banks and fintechs) and that will allow the recipient to manage Pix-related charges:
- In immediate payments made by a QR Code (in physical stores or over the internet);
- In payments due, made at a future date and which may include other information (interest, fines, discounts).
Pix Cobrança is scheduled to launch on May 14, 2021.
4. What is the Pix API?
While individuals use their smartphones, with the financial institution’s application, to pay or receive via Pix, companies can take advantage of the Pix API to integrate the instant payments system with other collection management software.
The API (Application Programming Interface) is a tool that grants other software access to resources of the one that provides the API from an integration between the platforms.
In this case, the Pix API allows other solutions to access the resources of the Central Bank’s payment system, without user intervention.
Among the functionalities possible with the Pix API, there is the creation of collection processes, verification of the settlement of a receipt and support for return processes.
5. How are receipts via Pix identified?
As with individual accounts, each transaction sends a notification to both the payer and the recipient from the application of the financial institution where the key is registered and the transfer is made.
In addition, transactions are available on the account statement that receives the money, with a description that signals the difference for other transactions.
These checks take place manually – when the recipient checks whether the transaction has been completed and the amount has dropped into the account. In a business with hundreds of transactions in a short period of time, it is impossible to follow the movements, which is where the integration of API Pix with other financial management systems comes in, to automate these settlements.
6. What if I want to change the account for receipts?
Just as for individuals, just port the key, that is, re-register the same key in the other CNPJ account and confirm the data requested to perform the migration.
With information: Central Bank.