Pix, a new means of instant payments, allows transfers and payments in real time, at any time and day of the week, to any financial institution and without paying anything for it.
However, depending on the situation and the person, Pix may be charged. So it is important to understand these exceptions so as not to be fooled by the fine print.
According to the Central Bank, Pix should be free for individuals and individual microentrepreneurs, MEIs, when using the tool through digital channels for transfers or payment of bills.
However, Pix can be charged when used through the face-to-face service (as at the cashier) or personal service (as by phone). Also, when paying for a product or service sold by PF or MEI.
In the case of legal entities of different sizes than the MEI (such as a micro or small business), Pix’s pricing is the responsibility of the institutions that offer this means of payment.
That is, basically, companies can be charged when they make or receive payments and transfers using Pix. The pricing model – fixed or percentage cost, for example – and tariffs, however, can be defined by the institutions.
The Central Bank determined that the amount of the fee charged must be informed in the proof of sending and receiving funds through the PIX, and the payment transaction initiation service.
The amounts must also be informed in the statements of accounts, as well as in the consolidated annual statements of tariffs. They must also be available in tariff tables on the website and in other electronic channels of financial institutions.