Pix installments: How it works and how to pay in 2 different installments!

Since its launch, PIX has become the preferred payment method for all Brazilians, incorporating several functions into this type of transaction, such as paying bills and invoices through this method.

And one option you're already using is PIX installments. But do you know how it works? In this article, we'll explain everything and even show you step-by-step how to pay in installments.

Stay tuned to the end for all the information about PIX installments!

…or straight to the topic of your interest:

• How does PIX installment work?
• What do you need to pay in installments in PIX?
• How to pay in installments with PIX and PicPay
• How to pay PIX in installments with a digital bank – Example: Nubank
• Does Pix installment have interest?
• What is the difference between paying in installments using PIX and credit card?
• Which banks accept PIX installments?
• Which stores accept PIX installments?

What is PIX installments?

Pix installments are an increasingly popular payment method offered by several digital banks, allowing users to conveniently and flexibly divide the cost of their purchases and services.

This feature provides customers with a practical and agile alternative for handling larger payments, without having to resort to other forms of credit.

By opting for Pix installments, the customer has the advantage of having the money credited to their account in installments, while the payment recipient receives the full amount instantly in their account. This makes the process quick and efficient for both parties involved in the transaction.

How does PIX installment work?

Pix installment payment works similarly to a personal loan transaction, where the customer has the freedom to choose the transaction's due date and the number of installments that best suit their needs and financial capacity.

This flexibility allows for more appropriate budget planning for the customer, as they can distribute the total amount into more affordable monthly payments.

Furthermore, this Pix modality can also offer more competitive interest rates compared to other credit options available on the market. This makes Pix installments an interesting alternative for those seeking a practical financial solution with more attractive costs.

What do you need to pay in installments in PIX?

PIX installments offer two distinct options: PIX installments with a credit card and PIX installments as a line of credit.

In the case of PIX installments with a credit card, the consumer uses a portion of their available credit limit to make installments through PIX. This option allows the purchase amount to be divided into installments, using the available credit on the card as the payment method.

It is important to note that the installment due date will be the same as the credit card due date, facilitating the customer's financial management.

On the other hand, PIX installments as a line of credit works similarly to a personal loan. In this modality, the consumer receives a specific line of credit, which can be used to pay for purchases in installments through PIX.

This option offers the customer the flexibility to divide the purchase amount into installments and make payments more conveniently, in accordance with the terms and conditions previously agreed with the financial institution.

Therefore, to pay in installments, you need a credit card from an institution that allows this type of transaction, such as Nubank or Picpay.

At Nubank digital bank, you have this native feature within the app itself, so you can make payments and have the installments charged to your card.

With digital wallets like Picpay, you can register your preferred credit card to pay in PIX installments.

If you're wondering, "I don't have a credit card, how can I buy in installments?", having the PIX installment option as a personal loan may be the option you need to make your purchase.

Learn how to pay in installments in PIX

Generally speaking, making a PIX installment payment isn't difficult at all. The process is the same as sending a regular PIX, with just tweaking the options to have the money charged to your account in installments.

We'll show you step-by-step how to pay PIX in installments using your Nubank digital account and Picpay.

How to pay in installments with PIX and PicPay

See how to make PIX installments through PicPay in a very simple way:

1. Open the PicPay app.
2. If you don't already have one, you'll need to create an account in the app before proceeding.
3. Choose the “PIX” option in the main menu.
4. Then, tap "Transfer." If you haven't already, you'll need to register your PIX key in the app to complete the transaction.
5. Next, enter the PIX key of the person you want to transfer funds to. This can be their CPF, phone number, email address, CNPJ, or a random key.
6. Now, select the amount you want to transfer. For example, imagine you want to transfer R$100.
7. After entering the amount, you will see the option “Credit Card” or “Account Balance” below it.
8. Select "Credit Card." Here, you can view the available installment options, along with the corresponding interest rates. In our example, if you're transferring R$100 and select the largest available installment in the app, your card will be charged R$138.09. Remember to check the installments and rates before signing up.
9. Next to the total amount to be charged, you'll find the "More Details" option. Clicking it will give you a breakdown of all the fees being charged.
10. Select the desired card as a payment method by clicking on the corresponding option next to the “Pay” button.
11. After checking all the details and ensuring everything is correct, simply proceed with payment.

That's it! You've now easily made your PIX installment payment. It's important to remember that you can't split a PIX transfer into another account in your name. This option is only available for third-party accounts.

How to pay PIX in installments with a digital bank – Example: Nubank

Now, see how to pay PIX in installments at a digital bank, like Nubank:

1. Open the Nubank app. Remember, you must have an active account to complete this procedure.
2. Access the “PIX Area” or “PIX” tab, depending on the organization of the application.
3. Then, click "Transfer." Make sure you've already registered a PIX key on the platform before proceeding.
4. Enter the amount to be transferred. Let's use R$ 100 as an example.
5. Now, enter the PIX key of the person you want to transfer funds to.
6. Once you enter the person's PIX key, you'll be prompted to verify the PIX. Then, select "Choose how to transfer" at the bottom of the screen.
7. On this new screen, you'll find different transfer options. For this example, select "Credit Card."
8. Now, click on “Continue with credit card”.
9. On this next screen, you'll see all available installment options, along with the total amount that will be deducted from your card. In our example, if you make a PIX payment of R$100 in 12 installments, the total amount will be R$179.52. Select the installment option that best suits your needs.
10. On the next screen, you can choose when you want to start paying your installments. Select the option that best suits you and proceed.
11. Now, simply confirm your transfer and follow the instructions provided by the app to complete the process.

Does Pix installment have interest?

Yes. To use the PIX installment option, you'll pay an interest rate, which will depend on the institution where you make the transaction. See below some PIX installment interest rates from the main institutions that offer this service:

What is the difference between paying in installments using PIX and credit card?

There are some significant differences between paying in installments with PIX and paying in installments with a credit card. Here are the main ones:

• When paying in installments using PIX (even when paying with a credit card), the merchant receives the money immediately in their account, meaning it does not depend on the withdrawal date from the card account.
• It is possible to make PIX installments for any individual or legal entity, as long as they have a registered PIX key.
• The PIX installment transaction does not depend on having a credit card in hand; you do it directly through the bank app or digital wallet you choose to use.

Which banks accept PIX installments?

PIX is already a reality in all banks in Brazil and a complete success. The PIX installment payment option is still new and is increasingly gaining traction among banks, which are finding a way to create this new credit line and offer more benefits.

Check out the list of banks that accept PIX installments:

• Banco Itaú – It works as a line of credit for customers. You sign up, and the installments are deducted from your account on the scheduled dates.
• Banco Bradesco – works as a line of credit for the customer.
• Santander – customers have the option of PIX installments as a line of credit.
• Nubank – allows you to pay PIX in installments using your credit card.
• PicPay – pay PIX in installments on your preferred credit card.
• Mercado Pago – allows payment in installments on credit cards.
• Digio – pay PIX in installments on your card.

Which stores accept PIX installments?

Currently, you can pay via PIX at various stores across various sectors throughout Brazil. You can also pay in installments using PIX at any store that accepts PIX, as installment payments are an option you can choose with your bank.

Here are some stores where you can use this option:

• Tok & Stock;

• Renner;

• Point;

• Casas Bahia;

• Magazine Luiza;

• Americanas;

• Uber;

• Carrefour;

• Etc.

Is it worth paying in PIX installments? When can I pay in PIX installments?

PIX is widely recognized as one of the most innovative payment methods for online purchases and financial transactions. And with the PIX installment option, this innovation stands out even more.

PIX installment payments bring with them a series of significant advantages, including greater flexibility, ease of use, and security.

Therefore, in many situations, it is worth paying in installments using PIX.

• For those who want to make a payment to an individual using PIX, it is an interesting option when it comes to paying in installments.
• For times when you don't have the money and want to make a purchase, it might be the best option.
• When the interest rates for PIX installments are lower than those for card or store payments, this is an interesting way to make the payment.

In other words, you need to analyze all the details before using PIX installments as a payment method.

Frequently Asked Questions

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