Traditional banks increase PIX fees for companies and fintechs become more attractive

Launched at the end of 2020 by the Central Bank (BC), PIX was made official as an instant payment method that came with the aim of making life easier for Brazilians, later receiving dozens of updates in order to guarantee the safety of users and, at the same time, contrary to the initial proposal, taxation on some categories.

The enormous popularity of this form of payment created a favorable environment for financial institutions to start charging companies for the service with fees that can reach up to R$ 150, fees that refer to the period when the most used transfer modalities were TED and DOC with fixed costs on each shipment.

This week, the collection of fees was expanded to the PIX Saque and PIX Troco categories, features announced a few weeks ago by the BC and allow users of the system to make withdrawals at commercial establishments — limited to R$ 500/day — or receive change for the purchase of products via PIX.

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