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PIX in Brazilian Casinos
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As you will soon learn, Brazil is not a country that offers a legal online casino gambling market, yet players are not forbidden from joining offshore casino sites. There may not be operators with a legal license that offer their services in the country, but players do not really have any obstacles to joining offshore sites, at their own responsibility. Now, across these international online casino sites that accept players from Brazil, you will find that PIX is one of the few local payment method options you can use as a Brazilian player. You've probably used it at some point in your life, but even if you haven't, you'll see that it is offered across a variety of industries in the country, including the online gambling industry. The electronic payment system is already offered across a great number of sites that cater to Brazilian players, so stick with us to find out more about it and use it yourself. What is PIX and why use it as your payment method at a Brazilian-catering online casino?
Online Gambling Regulation in Brazil
When you think about Brazil, probably three thoughts cross your mind: its natural beauty, its Carnival, and its football. Its nature is truly stunning, its Carnival de Rio is one of the world's most popular events, and its football needs no describing. Its citizens are known to be great football players, and they've shown that repeatedly at the world's most popular tournaments. Yet, when gambling went online and sportbetting could’ve become a major revenue boost in the country, Brazil was not so eager to regulate it.
In fact, it was only in 2011 when the country actually legalized one vertical, online lotteries, and only after a few years did it consider legalizing sportsbetting. Officially, online sportsbetting became legal in the country with Bill 846 in 2018, after it was signed by the President. But, things did not go as smoothly as players would've expected. What happened was, that even though the vertical was legal, it was not until 2023 that the market really launched, due to issues with some pieces of legislation and other technical problems that impeded the market launch.
When it comes to online casino gambling, a ban introduced in 1946 with the Presidential Decree was in place until 2023, too. In 2017, the country proposed regulation after it saw how nicely the online sportsbetting industry was going. The government saw how many players were frequenting offshore casino sites and saw the potential of legalizing the vertical only then. But nothing happened for years again. Players were still frequenting offshore sites as no legal Brazilian-licensed casinos were at their disposal.
Then, in May, 2024, Brazil published guidelines for both sportsbetting and iGaming and set December as the compliance deadline. That means that the actual online casino gambling market may launch in December 2024, but having in mind Brazil’s history with sportsbetting, you’d need to stay tuned to see whether the launch will, indeed, happen as predicted or whether it will be postponed, just like it happened with online sportsbetting.
Don’t despair, though, since at the moment, you can still join as many offshore online casinos as you wish. Sure, you won’t find Brazilian licensed casinos as of yet, but you won’t be punished or prosecuted for joining an international online casino site, not at least until proper regulations are introduced. Therefore, start your search for the top casinos to join, see which ones accept Brazilian players, and put them on your candidates-to-check list.
While checking out sites to join, make sure you search for sites that offer at least one local payment solution you could use, like PIX for example. PIX is an excellent solution to use across online casinos for your deposits and withdrawals not only because transactions with it are in Brazilian real, but also because of its availability across the online gambling industry. The local electronic payments system has been popular with online casino players since its launch, and because it works through the standard banking system, it facilitates transactions to and from online casinos in the most amazing way you’ll soon learn of. So, stay with us to learn all about it and you’ll see that you’ll be eager to start using it across Brazilian online casino sites.
Using PIX Across Brazilian Online Casinos
PIX is an electronic payment system that launched in Brazil in 2020. As such, even though it is a fairly new solution, it is impressive how quickly it managed to get on top of the list of payment methods in the country and become a leading scheme in Brazil. Partly, that's because the solution is backed up by the government and the Central Bank of Brazil and functions through the standard Brazilian banking system. You can check its financial stability status on the CBB’s official website whenever you want. The government ordered banks and financial institutions registered in the country, any of them that had over 500,000 registered account holders, to implement the solution in their systems. With that, millions of Brazilians got instant access to its service and started using it right away.
With it, transactions are processed in Brazilian reals, within seconds. It is incredibly easy to use, with just a few taps on your smartphone, and you can use it for all kinds of money transfers, online payments, and purchases across eCommerce sites and bill payments. Since it was designed to facilitate the way Brazilians make online transactions, you can use it for whichever transactions you have in mind, even online casino deposits and withdrawals.
Since virtually all Brazilian banks are actually offering it, the getting started procedure won't be complicated for you, considering you probably have a bank account with at least one leading bank in the country. The best part is, that even if you're unbanked, you can still use it! Thanks to its invention, the PIX Keys, even unbanked users can use it. These are four types of special accounts you set up, depending on how you wish to get started with it, using your email address, phone number, taxpayer ID, or a randomly chosen key. The Key you get started with becomes your ID to provide whenever you're interested in making a transaction with the solution.
But banked users have it easier. As long as you have an active bank account with any Brazilian bank, you don’t have to go through any new account registrations. You just need your online banking profile up and running, and you’ll see that once you access it, you’ll have the PIX service at your disposal, in a separate tab. Select it whenever you wish to use the solution and that would be it.
You must be wondering, though, why use it in the first place. Well, even though connected to the banking system, the solution actually works in a similar way to standard eWallets. As we mentioned, it is easy to use, processes transactions instantly and 24/7, so whether you wish to make a transaction during or outside business hours, you can do it with it. That’s what’s actually incredibly useful when it comes to using the solution across online casinos.
On that note, continue reading as in the following section we’ll tell you exactly what you need to do to start using it for your deposits and withdrawals across Brazilian online casino sites. Plenty of new sites will be at your disposal to consider joining, so be prepared for when you find your ideal casino to join and use the solution.
Casinos for Players from Brazil that Offer Pix
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Depositing and Withdrawing with PIX
Spinnalot, Oshi, and Betsomnia are just three top-rated online casinos here at WoO that offer PIX and accept Brazilian players that you can explore. Have no doubt that you’ll get plenty of others, in fact, over 300 great online casino sites are listed here on our site, which you can easily join to get the chance to make deposits and withdrawals with PIX as a Brazilian player.
Now, the first thing to do is check out a few casino options and decide on the site to join. Register your player account with the chosen casino and to fund your account with PIX, do the following:
- Access your registered player profile and find the Banking page.
- Locate PIX’s logo on the list of Deposit Methods and select it.
- In the pop-up, select whether you’ll use your bank account or PIX Key to access the service.
- Enter your online banking profile and tap the PIX tap or use your Key ID.
- Specify how much you wish to transact and confirm the transfer.
- In an instant, the funds you requested will land on your casino balance.
We stated early in the article that PIX is an option for withdrawals, as well. That’s thanks to the fact that it functions through the banking system and has the government’s support. To request a withdrawal, you will need to go through the same steps, but instead of finding it on the Deposit Methods list, look for it in the Withdrawal Methods list on the Banking page.
Once the operator receives your request, in 24 to 48 hours, hopefully, you'll get your approval. Since PIX processes transactions instantly, you should receive your winnings in your bank account in a couple of days in total.
Conclusion
PIX is the ideal solution to use across online casino sites as a Brazilian player and that’s why it is offered across so many Brazilian-catering online casino sites. Its availability is unrivaled, and its popularity with players and operators alike never ceases to increase. So, make sure you know the steps to get started with it and immediately start using it as your deposit and withdrawal method across top Brazilian online casinos.
FAQs
Is it legal to gamble online in Brazil?
Brazil is expected to launch the legal online gambling market in December 2024, or early 2025, however, at the moment of writing, only lotteries and sportsbetting are legal. Online casino players are at this point accessing international online casino sites.
Are Brazilian players allowed to play across offshore online casino sites?
As a matter of fact, they are. The government is well aware that players are playing across offshore online casino sites and in fact, that was its motivation to regulate online gambling. So, players are not prosecuted or fined for gambling online across international sites at the moment of writing.
How many online casinos will I find that accept Brazilian players and offer PIX?
You will find a great number of casinos already, actually, even though the solution only launched in 2020. At the moment of writing, there are over 300 excellent sites here at WoO that you can check out and join, at your convenience.
Can I explore any website to learn more about PIX?
PIX does not have an official website, of course, considering it is a service, not a standalone product. So, you can visit the official website of Banco Central Do Brazil to find out more about the solution.
Who do I get in touch with in case I have an issue with my PIX deposit?
In case you experience an issue with a deposit you made with the solution, make sure you first contact your online casino's Support team to see whether they have any way of helping; if not, then you'd need to get in touch with your bank if you're a banked user. If unbanked, make sure you get in touch with the Central Bank of Brazil.