Since it was launched in 2020, Pix has been the most popular way to transfer money between bank accounts in Brazil. With its simplicity and speed, it quickly became the number one choice for payments and transfers. Recently, a new feature was added to Pix: Pix Installed.
Pix Parcelado allows users to make payments in installments using Pix. This means you can now buy a product or service and pay in up to 12 installments, all using Pix. But what exactly is Pix Installments and how does it work? Let's explore everything about this new Pix feature!
How does Pix Installments work?
It works similarly to other payment methods in installments, such as a credit card. However, there are some important differences to note.
Instead of paying the entire purchase amount in one installment, it allows you to split the payment into multiple installments. The number of installments allowed will depend on the policy of the establishment where you are making the purchase.
When you make an installment payment using Pix, the transaction is divided into several equal parts, each with the same amount. Each of these parts is then sent as a separate Pix transaction, with the due date corresponding to the due date of the corresponding installment.
Benefits
It offers several advantages over other forms of payment in installments. Some of the main advantages include:
- No interest: unlike credit cards, which usually charge interest on installment purchases, they do not charge additional interest.
- No bureaucracy: unlike traditional financing, which often involves complex bureaucratic processes, Pix Installments is fast and easy to use.
- More installment options: while credit cards generally limit the number of installments you can use to pay a purchase in installments, Pix Installments allows you to choose between different installment options.
Disadvantages
- Limitations on the number of installments: while the credit card generally allows installments in a larger number of times, Pix Installments may have restrictions depending on the establishment's policy.
- Default risk: as installments are paid directly by Pix, without the need for a financial intermediary, there may be a greater risk of default by the buyer.
- Not all establishments accept it: although the number of establishments that accept Pix Parcelado is increasing, there may still be places that do not offer this option.
FAQs
- It's safe? Yes, it's safe as long as you take proper precautions when using this functionality.
- Can I pay in installments for any purchase? No, it depends on the policy of each establishment, so not all places offer this option.
- Do you charge interest? No, Pix Installments do not charge additional interest on installment purchases.
- What is the installment limit? The number of installments allowed depends on the policy of the establishment where you are making the purchase.
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It's a new Pix feature that allows users to make payments in installments in a simple and convenient way. Although there are some disadvantages to be considered, such as the risk of default and the possibility of limitations on the number of installments, Pix Installments offers many advantages over other forms of payment in installments. Make sure you take the proper precautions to use Pix Parcelado safely and enjoy the facilities that this new feature can offer!
