How Pix works
When a shopper selects Pix at the checkout, a QR code is displayed on the screen. They scan this code with their smartphone and the transaction details appear on their banking app, ready for confirmation.
If the shopper is buying from their phone, the shopper can use a Pix code instead of a QR code, which is pasted into their banking app. Transactions are confirmed instantly and settled to Volt’s account.
Every transaction has a unique ID, making reconciliation easy. There’s a 20-minute timeframe for transactions to complete, though 95% take less than 10 minutes.
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- How Pix works