What is Pix?
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
- On this page
- What is Pix?