2024-11-12 20:41:00
O Pix Installments has gained increasing prominence as an alternative to traditional credit, but many doubts still surround this new payment model. Launched in 2023 by the Central Bank, Pix Parcelado or “Pix Garantido” and “Pix Crédito” was announced as part of the BC’s evolutionary agenda.
According to Fabrício Costa, director of Financial services at CloudWalk, the solution reinforces InfinitePay‘s proposal, which is to help entrepreneurs sell more. Every month, at least 40 million consumers pass through the more than 2.5 million retailers that use the financial services platform. “When consumers’ purchasing power increases, retailers themselves end up generating more sales,” he states.
With the aim of bringing more clarity to entrepreneurs interested in this new solution, the specialist answered some questions about the main myths and truths regarding Pix Parcelado, demystifying how it works, who can use it and what the advantages and limitations of the modality are.
- “Pix Installments is the same as normal Pix, only divided”
Response: MitoPix Installments, unlike conventional Pix, is not just a division of the amount to be paid. Although it works similarly, it operates like credit or financing. In other words, there is a payment in installments, generally with interest. The financial institution that offers Pix Installments carries out a credit analysis and applies a rate to the financed amount, unlike Pix in cash.
- “Any bank can offer Pix Installments”
Response: Myth, for nowThe Pix Installments offer is not yet a feature present in all banks. Currently, fintechs and digital banks are at the forefront of implementation, while other financial institutions are evaluating the launch of the service. It is important that the customer consults their bank to check availability and the conditions offered.
At InfinitePay, the consumer must have a pre-approved credit limit. When choosing Pix as a payment method, the installment option is presented. After approval, payment is completed immediately, and installments are debited according to the chosen payment plan, from the customer’s account.
- “Pix Installments has interest”
Response: TruePix Parcelado operates as a credit and, as such, is subject to interest. The values of the fees applied vary according to the bank, credit analysis and the customer’s financial profile. For those who need a flexible payment method, this can be a convenient solution, but you need to consider the financial cost before signing up.
When thinking about a purchase made online or in retail on Pix in cash and by card, stores usually offer a discounted price for those who pay the price in cash on Pix. The logic here is the same. But, instead of using a card, purchasing in installments on Pix has a slightly higher final value, precisely because of the benefit of being able to split it into more installments.
- “With Pix Installments, the value drops instantly into the recipient’s account”
Response: TrueOne of the main attractions of Pix Installments is that, like regular Pix, it transfers the full amount to the recipient immediately. This way, the recipient does not need to wait for installments; payment is instantaneous and, for the buyer, the amount is divided as agreed with the financial institution.
- “Pix Installments will save you from financial hardship”
Response: It dependsAlthough Pix Installments is a useful tool for emergency situations, caution is needed. Like any form of credit, it represents a financial commitment, and irresponsible use can lead to debt. For those who need flexibility, it can be an interesting solution, but without adequate planning, the accumulated interest can weigh on the budget.
- “Pix Installments is safe”
Response: TruePix Parcelado is safe and uses the same Central Bank protection system applied to traditional Pix. However, it is essential that the user chooses recognized and trustworthy financial institutions to avoid risks associated with scams and fraud.
- “Pix Installments can be used to pay for any purchase”
Response: It dependsNot all establishments are able to accept Pix Installments, and availability also depends on the policies of each financial institution. Before making a purchase or contracting services using this modality, it is recommended to check acceptance and conditions.
8. “After all: is Pix Installments worth it?”
For sure. Pix in installments can be considered a viable alternative for those looking for payment flexibility, especially in emergency situations. However, like any type of credit, it is essential to have control over its use to avoid unnecessary debt. Evaluating the institution’s interest rates and conditions is essential to ensure that Pix Parcelado is truly an advantage.
Soon the Pix Installments will be available to all InfinitePay customers. This initiative represents an evolution in the payment methods available, increasing the possibilities for retailers to boost their sales.
1731494129
#Pix #Parcelado #myths #truths #SME
**Interview with Fabrício Costa, Director of Financial Services at CloudWalk**
**Interviewer:** Thank you for joining us today, Fabrício. With the rise of Pix Installments, can you first explain why this payment method has gained such prominence in recent months?
**Fabrício Costa:** Thank you for having me! Pix Installments, or Pix Parcelado, has emerged as a compelling alternative to traditional credit options. Launched by the Central Bank in 2023, it aligns with our mission at InfinitePay to empower entrepreneurs by increasing consumer purchasing power. We’ve observed that when consumers are given flexible payment options, retailers often see a significant boost in sales.
**Interviewer:** There are many myths surrounding Pix Installments. Can you clarify if it’s just a divided form of traditional Pix?
**Fabrício Costa:** That’s actually a common misconception. Pix Installments is more than just splitting a payment. It operates like a credit system, involving a credit analysis and potentially applying interest rates on the financed amount, unlike direct cash transfers through standard Pix.
**Interviewer:** So, can any bank offer Pix Installments?
**Fabrício Costa:** Not quite yet. Currently, fintechs and digital banks are leading the way in implementing Pix Installments. Traditional banks are still evaluating their options. It’s essential for consumers to check with their banks about the availability of this service and any specific conditions that may apply.
**Interviewer:** Speaking of costs, do Pix Installments carry interest?
**Fabrício Costa:** Yes, they do. Much like any credit option, Pix Installments involve interest fees which can differ based on the bank and consumer’s credit profile. Consumers should weigh the benefits against these costs before deciding to use this payment method.
**Interviewer:** If I choose Pix Installments for a purchase, will the seller receive the money instantly?
**Fabrício Costa:** Absolutely! One of the key advantages of Pix Installments is that the merchant gets the full amount immediately, just like with regular Pix transactions. The buyer then pays off the amount in the agreed installments.
**Interviewer:** Some may perceive Pix Installments as a safety net for financial hardships. How would you respond to that?
**Fabrício Costa:** It’s a double-edged sword. While Pix Installments can offer flexibility in emergencies, it’s crucial to approach it responsibly. Like any form of credit, if not managed carefully, it can lead to debt rather than alleviate financial stress.
**Interviewer:** Lastly, how secure is Pix Installments for users?
**Fabrício Costa:** Pix Installments is designed with safety in mind, using the same protective systems as standard Pix transactions. However, it’s essential for users to engage with reputable and trusted financial institutions to minimize risk.
**Interviewer:** Thank you, Fabrício, for shedding light on Pix Installments. Your insights are invaluable for both consumers and retailers navigating this new payment landscape.
**Fabrício Costa:** Thank you! I’m glad to share knowledge about this important topic.
