How to enable Pix as a payment method in Brazil?
Pix is an instant payment method in Brazil that allows customers to pay for goods or services using a Pix string or QR code through their bank apps or internet banking. To enable Pix as a payment method, businesses must be in good standing and have processed on Stripe for a minimum of 60 days. Pix is currently available through API and Checkout integration, with potential expansion to other products or surfaces in the future.
What is Pix?
Pix is an instant payment method in Brazil. To complete a transaction, customers receive a Pix string or QR code that contains the amount to pay for services or goods. Customers then pay the Pix, before its expiration date, using their bank apps or internet banking. You’ll receive payment confirmation as soon as the Pix is paid, and funds are available for payout 2 business days after payment confirmation (visit Stripe Docs for more information on how Pix works)
Where is Pix supported and how does it work?
Pix is a payment method native to Brazil, as such only customers located in Brazil can enable Pix as a payment method. Additionally, Pix can only be supported with BRL currency. Stripe Docs contains more information about our requirements and supported countries.
Once a PaymentIntent is created with Pix as a payment method, Stripe will create a Pix Key/QR Code that will be displayed to the customer.
Additionally, you can define the expiration date/time when they want the Pix to expire, providing flexibility to better adapt to your needs.
The end customer will have to open their Brazilian bank App/ internet banking, scan the QR code or inputs the Pix Key, and once it is confirmed the Pix payment will be finished. At this point Stripe will consolidate that payment into your account and show the transaction as paid.
Funds will be available for payout 2 business days after payment confirmation.
You can read more about Pix and how to integrate it in Stripe Docs.
How can I enable PIX?
To see if you have Pix available in your account, navigate to Settings → Payment Methods.
Once you have navigated to the manual settings page, if you are eligible for Pix you should be able to see it either real-time payments.
What is the eligibility criteria to use Pix?
Given that Pix is a new payment method, there are requirements that an account must have before having access to Pix. Businesses in good standing will typically be eligible to enable Pix after processing on Stripe for a minimum of 60 days.
You can check your eligibility in your Dashboard by reviewing Pix availability, where if your account is eligible Pix will be displayed as a Real-time payment option.
If you do not meet the Pix requirements but have a strong use case, please contact our support team for a Pix risk evaluation of your account.
How can I start using Pix?
Pix currently is only available via our API and our Checkout:
- Review our standard Pix information to become familiar with the payment method
- For API integration, please review our guide for custom Pix integration via API as well as our standard API integration resources to become familiar.
- For Checkout integration, please review our guide for Checkout integration as well as our standard Checkout resources to become familiar.
I want to use Pix with another product or surface?
We are constantly developing our payments ecosystem, please contact support and ask to get in our product waitlist for your required use case.