Federal Government issues statement and HANGS the hammer on Pix charges

Brazilians want to know: were Pix charges authorized by the Federal Government? Union finally speaks; check out the announcement!

Pix, created by the Central Bank of Brazil, transformed the way we deal with payments and transfers. Recently, there was a wave of discussions about possible changes to Pix’s pricing rules.

In view of this, the Federal Government decided to clarify the situation, slamming the hammer on charges related to this popular instant payment service. In this scenario, were taxes really released?

Find out if it is true that charges on Pix were authorized by the Government! Credit: plasticaxe.

The features of Pix

Pix quickly stood out in the Brazilian financial market due to its practicality, speed and security.

This service allows resources to be transferred between accounts in a few seconds, at any time or day.

Furthermore, Pix can be made from a current account, savings account or prepaid payment account, offering flexibility for both individuals and companies.

Read also: PIX between R$600.00 and R$900.00 this week? Check out the Bolsa Família table!

Will Pix charges happen?

To the delight of many Brazilians, the answer is no! Despite what false news circulating on social media suggests, the charges on Pix were not authorized by the Government.

According to the official statement from the Federal Government, there were no changes to the tariff rules for using Pix.

Fees, when applicable, are charged by financial institutions that offer Pix, such as banks, fintechs and cooperatives, and are regulated by the Central Bank itself.

"Pieces of misinformation are reflecting a false change in the tariff rules for Pix. The truth is that the government did not take such a measure", explains the Union on its official website.

However, it is important to highlight that the exemption from fees on Pix has very different rules for Individuals and Legal Entities. We’ll talk more about this below.

Fee exemption for Individuals

The general rule is that individuals are exempt from charging fees to send or receive a Pix. However, there are exceptions:

Charging when using the institution’s in-person or telephone service channels, when electronic means are available. Charging when receiving a Pix in the case of purchase or consideration for commercial activities.

Charges on Pix for Legal Entities

Financial institutions can charge legal entities fees for sending Pix and receiving funds via Pix in commercial transactions.

Additionally, there may be charges for ancillary services related to Pix that specifically benefit companies.

From the same point of view, it is important to note that cash withdrawal transactions via Pix have specific rules, including a limit of 8 free transactions per month, which encompass traditional withdrawal operations.

Read also: Nubank has an UNBELIEVABLE payment list: more than R$500,000 released to distribute via PIX to customers

The role of the Central Bank in Pix

The Central Bank of Brazil plays a dual role within Pix: as a regulator, defining the operating rules, and as manager of the operational platforms.

Additionally, BC provides the technological infrastructure necessary to carry out transactions, ensuring their effectiveness and security.

In short, Brazilians can breathe a sigh of relief: at least for now, Pix charges will not be made in most operations.

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