Pix is an instant payment platform created by the Central Bank of Brazil. Operational since November 2020, it now accounts for almost a third of all payments made in Brazil. Pix supports transactions 24/7, every day of the year including weekends and holidays.

The key facts are:

• Payments are instant: notification of payment and the transfer of funds to Volt happens within 10 seconds
• There are currently no chargebacks
• Pix is free for shoppers
• Refunds are supported
• Every transaction has a unique ID, making reconciliation easy