What is Pix Troco? See how this modality works
With Pix Troco you can withdraw money from your account at participating establishments
Announcements
Pix Troco came into effect on November 29. This feature, regulated by the Central Bank, promises to boost sales in stores and commercial establishments.
But offering products is optional. In other words, it depends on the adaptation of store systems.
And how will this new feature work in practice? How will Pix Troco benefit both retailers and consumers?
If you want to know more about the subject, continue reading.
How does Pix work?
Pix is the instant payment system created by the Central Bank.
Its proposal, from the beginning, was to be a more modern, practical and fast payment method.
Since it started working, Pix has changed the way to make transfers and even payments in stores.
In practice, Pix allows you to make payments and transfers extremely quickly, and best of all: without any charges for consumers.
Before this new feature, Brazilians had to deal with high bank fees and delays in receiving transfers.
Fortunately, this is no longer the case.
But Pix's features don't stop there. Now, consumers have a benefit that also promises to bring a lot of practicality and convenience, which is Pix Troco.
What is Pix change?
Pix Troco, which will be offered by companies and commercial establishments, is associated with a purchase and service operation.
The establishment will receive an amount greater than the consumer's purchase. The difference will be returned in cash.
Basically, it works as follows:
The interested consumer will make a Pix payment for a higher amount than the purchase.
To help you better understand the subject, we will give you an example: imagine that the purchase was R$ 60, but the consumer paid the amount of R$ 80 for the pix.
With the transfer, the consumer will be able to receive the amount of R$ 20 in cash.
What are the benefits of Pix Troco for customers?
This new Pix feature will bring more practicality and agility to consumers.
Customers from all parts of the country will benefit.
However, the change option will be even more advantageous for those who live in more remote neighborhoods and municipalities, where there are no ATM networks or bank branches in the region.
There is also the possibility, in the very near future, that banks will improve the conditions for offering withdrawal services, as competition will increase.
What are the benefits of Pix troco for commercial establishments?
As everyone already knows, customers will benefit greatly from this new feature.
But for retailers, how can Pix Troco add value and increase the number of customers?
By offering this type of solution, it becomes possible to attract more people to the location. In this way, the retailer will be able to generate new business opportunities and build customer loyalty.
Many stores, for some reason, will not want to offer Pix change to customers.
For this reason, those who choose to offer it will gain a competitive advantage and, therefore, increase store movement and the number of customers.
What is Pix Withdrawal?
Pix Saque is another Pix modality that also started working recently.
However, Pix Saque works in a slightly different way than Pix Troco.
In the withdrawal mode, the establishment will act as a withdrawal agent, which will offer a QR Code or offer the possibility for the consumer to use the Pix copy and paste feature.
Once the transaction is completed, the consumer will be able to receive the money paid via Pix in cash.
In other words, through it, you will send the necessary amount to the store, so that you can receive the money in cash.
What is the difference between Pix Troco and Pix withdrawal?
The dynamics of the two resources work in a very similar way.
However, the difference is that with Pix troco, the money received by the consumer will originate from a purchase made at the establishment.
When finalizing a purchase, the consumer will make a payment greater than the total amount. The establishment will pay the difference in cash.
It is important to remember that there is a possibility that the store may not have cash at the time. Therefore, before carrying out the service, the customer must inquire about the availability of withdrawal and change services.
Will all types of Pix keys work with Pix Saque and Pix Troco?
For this feature to be available, the establishment will have to work with the QR Code.
Currently, many stores do not do this. Some only accept the Pix key.
Pix Troco only accepts Dynamic QR Codes. Pix Saque, on the other hand, works with transactions received via static or dynamic QR Codes.
Static QR basically works like a single price tag. It can be used multiple times with different people to charge the same amount.
Dynamic QR codes are exclusive to each transaction. In other words, they can only be used once.
The “copy and paste pix” option can also be used to perform the operation.
Is there a maximum transaction limit?
The maximum transaction limit for both Pix change and Pix withdrawal is R$1,500 during the day.
At night, the maximum value is R$ 100 (from 8 pm to 6 am).
However, those offering new products have complete freedom to work with lower limits.
Furthermore, it is important to remember that there is a withdrawal and transaction limit.
Each person whose account is with a participating institution will be entitled to 8 free transactions per month.
Regarding traditional Pix operations, nothing will change. Transactions will continue to be free and there is no limit on operations.
Conclusion
Did you enjoy learning how Pix Troco works and how it will bring more convenience to both customers and retailers?
Pix Saque, which works in a very similar way, is also a resource that promises to boost stores and bring convenience to consumers.
