Tax ID Number for Brazilians

< Voltar ao Início

Tax ID Number for Brazilians

Everything You Need to Know

What is the Tax ID Number?

The Tax ID Number (or ITIN Number) identifies the person who will be reporting to the American Internal Revenue Service (IRS).

It is used by individuals who do not have a Social Security Number (similar to CPF in Brazil) to file their taxes in the United States.

As most Brazilians in the United States do not have a Social Security Number, the Tax ID serves as a temporary substitute for tax regularization with the American Internal Revenue Service.

In other words, the Tax ID is used for paying taxes in the United States.

It does not grant you the right to work, nor does it alter your immigration status. It does not perform the same functions as the Social Security Number.

It is only used to regularize your situation with the IRS. Since tax evasion is a crime, you are required to obtain it if you are an individual working in the U.S.

Brazilian residents, be aware! Tax evasion or delayed payments can be reasons for denying a future Green Card.

Tax evasion in the U.S. is very serious, especially for illegal immigrants.

Do not assume that since your situation is illegal, you do not need to follow American laws.

When do I need the Tax ID Number?

Apart from the tax obligation of obtaining the Tax ID Number, it is also required in other cases.

The Tax ID Number can also help build your credit history, as it is required when opening an account in an American bank, for example.

Many Brazilians illegal migrants think they cannot open a bank account in the U.S. This is not true!

With the Tax ID Number, you can:

  • Open a bank account
  • Apply for a credit card
  • Seek financing
  • Buy a house
  • Rent out a house
  • Buy a car
  • Establish a company
  • Pay taxes
  • File tax returns
  • Receive a salary

 

all of this, even with an illegal immigration status.

How to obtain the Tax ID Number

The Tax ID can be issued by any immigrant, regardless of immigration status (including illegal immigrants).

To obtain the Tax ID Number, you only need to fill out and submit a W-7 form to the American Internal Revenue Service and request an official application.

Depending on the situation, when filling out the W-7 form, you may need to attach the income tax return or other documents.

The information must be accurate, as the IRS may deny the request even for small errors.

Consult a professional to understand the requirements so that your application is not denied.

A notarized copy of your passport and proof of residence is required.

If you do not have a passport, you can use a notarized copy of the American driver’s license (photo ID).

This process can be done with the help of an accountant, and the certificate takes 8 to 12 weeks to be issued, costing around $150.

After obtaining the Tax ID, you will need to file your income tax every year and renew it every 5 years.

Pix para empresas dos EUA.

Artigos Recentes

Business Culture in Brazil and Etiquette

< Back to Dashboard

Business Culture in Brazil and Etiquette

All you need to know

Business culture in Brazil can be quite unfamiliar in some ways for Americans or europeans. Therefore, today we’ll present you a guide to facilitate your journey, letting you understand all the peculiarities that make Brazil such an interesting place to make business in.

Brazil’s Frame of Mind

Brazilian are quite fond of outsiders. Different from more culturally conservative or isolated countries, Brazilians are friendly to foreigners even though it can be challenging to find a decision maker who speaks English fluently in all organizations.

Being used to making due with what they have, if they can’t find the words to express their ideas, Brazilians will use all kinds of visual resources to make themselves understood.

That willingness to break language barriers is always followed by a wish to host and make their guests feel at home. 

Smiling and laughing, strong hand shakes or even hugs, can be interpreted as an expression of welcome, which is not, in any way, seen as unprofessional.

It’s important to keep in mind that you, as a guest, are being treated as a friend so, even if the experience can be a little bit overwhelming, if Brazilians seem to be loud or invade your personal space, remember that they are trying to do their best to make you feel at home.

Brazilian Business Etiquette

Since we are trying to give you the ropes of Brazilian culture, the first thing you need to understand is that they are not usually punctual in the American or European standard.

Meetings can start between 5-10 minutes late and can also go overtime. Last minute reschedules can happen.

Common hours tend to be from 8 a.m. to 6pm. It’s considered rude to call outside of business hours or at lunch time, which by the way usually lasts for up to 2 hours.

Business people as a whole tend to not wear ties, it’s a tropical country after all. The wardrobe is mostly business casual, especially in the tech industry.

Being too strict on delays or other cultural differences can be perceived as offensive. 

There is an expression in Brazil called “nariz empinado” (“upwords nose”) that represents a person that thinks less of the common people. 

Brazilians really tend to dislike being told that their culture is lax or unstructured. They generally dislike if somebody speaks negatively about Brazil, even though they themselves might do it quite so often. 

Leisure is something quite common in our culture. Meetings in bars and restaurants are to be expected. 

In Brazil it’s rare for someone to pay for everybody’s lunch. Usually each one of the participants pays for their tap or the company can pay as an expense.

We also don’t tip. Tips are usually already added as the service fee of 10-20% depending on the establishment.

Sales in Brazil

As we explained before, Brazilians can be warm and receptive to foreigners, but usually those interactions are made in person though.

Cold contact and sales calls on the other hand are one of the most annoying experiences for anyone in Brazil.

Telemarketing and email spam are such a popular sales strategy that nowadays nobody actually picks up the phone or reads any email from an unknown sender.

Brazilians in general are distrustful of salespeople. We are used to getting scam calls and unwanted messages all the time, so we usually don’t answer at all.

It’s important for any salesperson to build trust through authority and networking.

Business through recommendation and social proof are paramount to establish new businesses in Brazil. Keep that in mind.

On channels, if you do not use Whatsapp right, you should really reconsider, because it’s the most popular means of communication in Brazil right now.

Video calls on Zoom or Google Meet are quite common so you can have all the remote meetings you’ll like.

Negotiating in Brazil

Brazilian higher ups tend to like to negotiate directly CEO to CEO or in an equal hierarchy.

On Negotiating, the Brazilian way is to try to come up with a personalized offer for their needs, cutting pricing based on the features that they don’t want or will not use.

On sale calls you’ll see situations where they will try to cut corners from the offer, taking out what they don’t want and coming up with a new price based only on what they would like to be offered.

Related to purchases and business transactions as a whole: there are not a lot of differences outside of how you will charge.

Brazilians tend to prefer to pay in local currency avoiding unnecessary taxes and fees. Any cost cuts are welcome and they tend to negotiate pricing.

Talking about better pricing, at CambioReal we do offer a solution for companies in the US that wish to make business transactions in Brazil.

If you wish to offer better prices to your Brazilian customers you should really consider checking out our solution for local payments.

Our tech will allow your business in the US to have seamless payments flow bank to bank from Brazil to the US offering less fees and taxes.  

Also, it’s 100% free. There is no subscription fee, no onboarding fee, no nothing.

This will bring the perfect synergy that you’re looking for when starting new businesses in Brazil. 

If you want to learn more about how you can offer local payments and Brazilian Portuguese support to your customers, feel free to access our website here.

Hire in Brazil, Pay in the US Money on the brazilian bank account within 1 business day. Only U$3,99 per transaction. Zero international fee.
PIX for US Companies 100% Free for businesses. Seamless integration via API. Also, Nupay, Boleto, and Installments.

Recent Articles

Pix | Brazil’s most popular payment method

< Back to Dashboard

Pix | Brazil's most popular payment method

All you need to know

Pix is an instant online payment method in Brazil. Today you are going to learn everything you need to know about it to be up to speed with Brazil’s current most popular payment method that is chargeback free. Check it out!

What is Pix?

Pix is an online instant payment method that is essentially a transfer facilitated by QR code (A Brazilian version of Zelle but much better and more widely used). 

It was created by Brazil’s Central Bank as a tool to facilitate transactions by smartphone.

Payment via Pix Qr Code

Pix can be used for any kind of transaction that includes transfers and payments. Since it’s online, it can be done at any time and the transaction is instant.

Pix is also way cheaper (and faster) than other debit and transfer options such as Ted and Doc, being mostly free depending on your Bank account.

Another advantage is that Pix can be made from any kind of bank account: business, personal, savings or payment accounts.

The whole idea about Pix is to make transfers easy, fast, safe and easily traceable.

Since its creation, Pix has dominated Brazil as the number one option for consumers. 

Especially now that some banks are offering Pix payments in installments, like PicPay.

Pix is also very popular with businesses in general since they are easy and instant, what makes it less of an issue for small businesses that had to process payments by credit card machines.

Compared to credit card machines that are expensive to rent in Brazil and include transaction fees, Pix can be done by smartphone, directly and with zero fees.

How does Pix work, step by step

A Pix Payment can be made person-to-person or person-to-business and vice versa. The interface is almost identical between banks and it works basically like this:

  1. The receiver sets up the amount and send to the client as code on their banking app (QR code or text code);
  2. The banking app of the clients reads said code and automatically sets up the transfer details;
  3. The client confirms the Payment information, inputs their password and it’s done!

 

The money instantly goes from client to seller.

There are other ways to charge by Pix. You can just keep a QR code with your account information next to your clerk and ask for a transfer. 

In that case you don’t need to send the code or set the amount. The client just gets the bill, reads the QR code and inputs the amount on the transfer. The clerk then checks on his banking app if the transfer was completed.

Some Payment Terminals can also generate Pix QR codes. That makes it even easier for a business to accept Pix Payments.

There are also ways for a business in the US to charge clients in Brazil by Pix. You’ll see how that works in the following chapters.

Why you should accept Pix Payments

Companies in the US have some catching up to do if they want to sell their products to Brazilians locally.

More than 120 million transactions are made by Pix everyday in Brazil and it’s already the most common way of transfer in the country.

That’s because Pix is reliable, it’s fast and it’s mostly free.

If you want to make business in Brazil, you should be looking for solutions that allow you to accept payments by Pix.

Spoiler alert, we are gonna show you how you can do that in the next session – feel free to skip to that part. 

Any online store in Brazil now can offer payment by pix directly on their shopping cart.

Since Pix is instant, the money can be transferred to your account in the USA way faster.

It’s also safer than credit cards since the debit must be made directly from the customer’s bank account.

Considering other local payment options like boleto, Ted and Doc, Pix is the best by a long shot.

Now let’s compare Pix to Credit Card Payments!

Installments on Pix, PicPay and Nupay

Businesses in the US who charge Brazilians by credit card, should really consider offering Pix Payments.

One of the major reasons why is because Pix Payments cannot suffer chargebacks. Which is important due to fraud prevention.

Then, there is the issue of availability. Most Braziians do not own international credit cards, and the ones who do get pretty spicy fees and taxes on their purchases (5,38% on IOF taxes alone).

Until recently, Pix Payments were just debit transfers, but that changed since Nubank, PicPay and some other fintechs started offering Pix Installments.

Now, customers in Brazil can pay by Pix and finance their payments directly through their bank into up to 24 installments. 

The nature of the transaction didn’t change, you still get the full value of the transfer with no risk of chargeback, but now your customer can divide said payments into installments financing directly with their bank.

That’s a big change and it can be cost effective, especially if we compare international credit card fees and taxes with the interest on Pix financing.

How to get paid by Pix locally from the USA

You don’t need a brazilian bank account or even a brazilian branch to accept payments by Pix.

You can actually create a Pix QR code and have the Pix Payment travel from Brazil directly to your bank account in the US. For that, you’ll need CambioCheckout.

There your company will have access to our platform that is going to connect your bank account to our local payment system in Brazil.

You can either send your invoices manually with a payment link, or integrate your online store with our API.

After that your client will be transferred to the CambioCheckout shopping cart where he will be charged the price of the purchase in dollars.

The value will be calculated from USD to Brazilian reais (BRL) and then your customer can use PIX to pay.

Once the payment is made in Brazil, we’ll make sure that the full price of the purchase in USD is transferred to your bank account in the USA.

The process usually takes one day for Pix payments and it’s completely free of charge for your company.

All fees and taxes are passed on to your final customer and you have zero risk of chargeback.

As we mentioned before, Pix are way cheaper than credit card payments. For example, comparing IOF taxes, an international credit card charge would be 5.38% vs 0.38% on Pix.

We can also compare international credit card interests to Pix financing. Since Pix financing depends on the bank and the credit score of the customer, we should be able to confirm if Pix Instalments are a cheaper option on a case by case basis.

Also, you don’t have to worry about your customer payment support, since we offer fully Brazilian Portuguese support for any issues on the payment along the way.

Pix stands out as a superior payment method for engaging with the Brazilian market, offering significant advantages over traditional credit cards and other local payment options. 

Its instant transactions, immunity to chargebacks, and potential for installment payments make it an essential tool for businesses looking to expand their presence in Brazil.

PIX for US Companies 100% Free for businesses. Seamless integration via API. Also, Nupay, Boleto, and Installments.

Recent Articles

Pix with Your Payment Systems

< Back to Dashboard

Pix with Your Payment Systems

A Step-by-Step Guide

Similar to Zelle, Pix Payments are the preferred method of quick payments in Brazil. It is a local payment system but some Payment companies offer it as an international option as the money will end up in your US. Business bank account. But how does that work?

Today we will walk you through the process of executing International Pix Payments step by step.

Link Payments from Brazil to the US

International payment systems typically allow businesses to request payments from customers by providing a payment link. This link directs customers to a checkout page where they can confirm the payment amount and select their preferred payment method.

Creating a Payment Link: Depending on the platform, the payment link can be shared in many ways. CambioCheckout, for example, enables businesses to generate a payment link, which can be sent to customers via email, copied, or shared on WhatsApp or even integrated as a payment button to your website.

Checkout Process: To comply with legal requirements and prevent fraud, the checkout process usually requires customers to quickly register their basic information or log in. Here, they can choose their preferred payment method: Pix, Boleto, or credit card.

Pix Payment: For Pix, a QR code and a text code are generated. Customers can copy the text code on mobile devices or scan the QR code using their internet banking app on desktops. This code, readable by any internet banking app in Brazil, contains all necessary payment details and all the customer has to do is click the option to confirm payment.

Payment to a Processor: Pix payment is made locally to a processor in Brazil, in BRL. Pix is automatically compensated, Which means as soon as the buyer makes a payment, they receive a confirmation. A decent payment platform such as CambioCheckout, should also be able to notify you that PIX was successfully made.

Currency Exchange: This is where things get “international”. A couple steps behind, during the checkout process when the QR code is generated, a currency exchange rate is also applied to a transaction. This means that the customer has agreed to a certain amount of USD related to that payment amount in BRL. Once the processor receives the funds in BRL, it will convert it to USD using that fixed exchange rate. This is why transactions must be paid usually within the same business day in order to be valid.

Settlement: Each payment processing company will have their own set of rules when it comes to settlement. With CambioCheckout, automatic daily ACH payments are made to the US. Business’s bank account regardless of the amount. ACH payments are free of charge for your business. In this case, your PIX will arrive in 1-3 business days and there is no need for any actions on your side. Some other processors may require a minimum volume before withdrawal. Usually because they operate with International Wire Payments instead of ACH so be aware – there will probably be an extra U$30 fee for each settlement.

In summary, the process is quite simple and fast. Let’s just break down into steps:

  1. Your company generates and shares a payment link
  2. Quick customer registration + QR code generation (PIX transaction with a fixed FX rate)
  3. Pix Payment via Online Banking
  4. FX and International Transfer Processing
  5. Settlement: ACH in 1-3 business days.

 

Easy, right? Let us add a cherry on top: Customers may have the option to finance their Pix Payment through their bank, which is a very attractive alternative to installment payments on credit cards. This won’t affect the payment amount you receive but is worth considering for customer convenience.

Exploring Your Options

Choosing the right international payment system is crucial for the success of your business. For a closer look at the process, we invite you to request a live demo. During this free demonstration, we’ll provide an in-depth walkthrough on setting up Pix Payments and guide you through the payment process from your customer’s perspective.

Until then, we hope that this information was useful!

PIX for US Companies 100% Free for businesses. Seamless integration via API. Also, Nupay, Boleto, and Installments.

Recent Articles

Best Ebanx Alternatives for Payments in Brazil

< Back to Dashboard

Alternatives to Ebanx when making Payments in Brazil

Check it out if you want to accept payments from Brazil.

Ebanx is going through a tough time now related to their customer satisfaction both on the client side and buyer side.

Today, we’re going to show you alternatives to Ebanx if you want to accept payments from Brazil and Latin America in general and why exactly would you prefer such options. Check it out!

Why would you not use Ebanx?

Now sure, you’re looking for alternatives for Ebanx already, but why would a company choose to not use one of the most successful payment gateways in Brazil?

First off, let’s talk about price. Ebanx is not very transparent about pricing. If you look on their website you’ll notice that there are no mentions of how they charge for their services.

If we check online, we’ll find that there is a 200 USD subscription fee per month plus fees. That’s mostly fine if you have a bigger business, but it is a reason to be concerned if you run a smaller operation.

A monthly fee can be a problem if you’re trying to validate a market. If you’re just starting out, or if you don’t have a continuous flux of cash coming from Brazil.

The lack of transparency regarding whether this fee is tied to a contract and its duration raises concerns about potentially ongoing costs.

And, of course, this cost is going to cut into your bottom line.

The other issue is related to customer satisfaction. 

Handling international payments, especially from Brazil, involves navigating complex tax laws, legal compliance, and fees. 

Therefore, support or the lack of it, can be a big problem.

Ebanx’s customer support has been criticized for its inadequacy, with a notable lack of responsiveness on Brazil’s major review platform, Reclame Aqui, where over 50% of customer complaints remain unanswered. 

Reclame Aqui considers Ebanx a “Not Recommended” Business, based on this lack of customer support.

Then there is the client side of the issue. Again, with a little bit of research on software review websites, we can see that a lot of business owners are unhappy with their service.

Review Ebanx from Capterra - "Looking for alternatives as I write this"

Their main complaints seem to be related to pricing, but also lack of tech support when implementing the API, which can be tricky.

Right, so what is the alternative for a company wanting to process payments from Brazil with better support and more cost effectiveness?

Introducing CambioCheckout

CambioCheckout emerges as an ideal solution for medium to small-sized businesses in sectors like law, IT, education, SASS or retail, seeking an easily scalable payment processing solution with robust support for international transactions, particularly in Brazil.

Key Advantages of CambioCheckout:

  • Personalized Support: CambioCheckout distinguishes itself by offering personalized support via live chat in both Brazilian Portuguese and English, catering to the needs of both businesses and their clients.
  • No Hidden Fees: Or no fees whatsoever for your company. Remarkably, CambioCheckout operates without subscriptions, fees, or hidden charges for companies.
    Businesses receive the exact amount in USD billed to customers, thanks to a revenue model based solely on exchange rate spread. This means your customer pays about 2% spread on transactions and there are zero costs to businesses.
  • Comprehensive Free Services: The platform provides a free API, IT support, and onboarding process, ensuring no additional costs for businesses exploring this solution.

 

  • Settlements without minimum requirements:  While huge processors such as Ebanx require a minimum amount for balance withdrawal, CambioCheckout does not.
    You will automatically receive payments directly to your US. bank account regardless of your volume.This aligns with the platform’s intent to serve small and medium sized businesses with efficiency.
  • Flexible Payment Options: CambioCheckout supports diverse payment methods like Pix, Boleto, and national credit cards, offering convenience through payment links shared via email or WhatsApp.Funds are transferred to an American bank account within three business days.
  • Unmatched Customer Support: Unlike Ebanx, CambioCheckout boasts a 100% response rate on Reclame Aqui, and a Live human chat right on the payment page, ensuring all customer payment issues and questions are promptly addressed.

 

CambioCheckout stands out as a tailor-made solution for small to medium sized businesses that wish to expand operations to the Brazilian market, offering significant advantages in terms of cost-effectiveness and customer support. 

We encourage you to consider CambioCheckout as a viable alternative for your business. 

PIX for US Companies 100% Free for businesses. Seamless integration via API. Also, Nupay, Boleto, and Installments.

Recent Articles

Top5 Best Pix Systems for Brazil Payments

< Back to Dashboard

5 Best Pix Systems for Brazil Payments

Which are the best systems to offer Pix Payments? Here’s our top 5.

Finding the best system for your business to process Pix Payments from Brazil can be tricky, so today we’re going to show you 5 of the best systems in the market so you can decide based on your business special needs. Check it out!

Why have a system for Pix Payments?

If you have a business in the US and you want to accept Pix Payments from Brazil, you’ll need some kind of gateway to let your customer pay by pix and send that money from Brazil to the USA.

Ideally, that process will happen directly bank to bank. That means you won’t have to keep an account in Brazil and send the money yourself, therefore avoiding unnecessary taxes, fees and time wasted.

But you don’t need just a gateway, you need a tool that will actually help your company manage those payments from Brazil.

You need a software that will improve the experience of your customer and allow them to make easy instant payments by Pix.

We also want to be cost-effective in this choice. Any fees that we have to pay will inevitably trickle down to the customer, letting our prices less competitive.

Another thing to be mindful of is the time to pay. How much time it takes for the platform to process the payment and get the money to your account in the USA will determine how fast your capital can flow.

Therefore, this system must offer:

  1. Payment Gateway Technology: Ideally through an API for seamless e-commerce integration.
  2. Direct Bank Transfers: Ensuring funds flow directly from Brazil to your U.S. account.
  3. Comprehensive Reporting: For monitoring incoming payments and their statuses.
  4. Customer Support: Preferably in Brazilian Portuguese to assist both your business and your customers.
  5. Cost Efficiency: Minimizing fees and taxes to keep your offerings competitive.
  6. Quick Payment Processing: For faster capital turnover.

 

So which are the best systems to offer Pix Payments taking all this into account? Here’s our top 5:

CambioCheckout

CambioCheckout is a payment gateway custom made for the Brazilian market. It allows for companies in the US to charge clients Brazil by Pix using payments links or full API integration to and Ecommerce. It has no Subscription cost and also free IT and service support for your business and your customer both in Brazilian Portuguese and English.

Highlights:

  • Payment Gateway Tech: Full API integration and payment links.
  • Bank to Bank: Direct transfers.
  • Reports: Comprehensive reporting capabilities.
  • Support: Live chat, email, and WhatsApp in both Portuguese and English.
  • Fees: average 2% + 0.38% IOF.
  • Time to Pay: 1 business day for Pix Payments.
  • Minimum for withdrawal requirement: No minimum, automatic daily ACH settlement.

Wise for Business

Wise for Business is an app that lets you charge your customers in Brazil. It’s quite fast and inexpensive but there are some issues: it doesn’t allow your customer to pay, unless they themselves have a Wise account. Also, there are no API’s to integrate ecommerce. They do offer support in Portuguese, but it’s mostly automated.

Highlights:

  • Payment Gateway Tech: Via Wise app; no API for e-commerce integration.
  • Bank to Bank: Direct transfers.
  • Reports: Limited, non-exportable data.
  • Support: Automated Q&A.
  • Fees: 1.11% spread (including 0.38% IOF), $4.14 wire fee.
  • Time to Pay: 10 seconds.
  • Minimum for withdrawal requirement: Yes

 

Ebanx

Ebanx is a Payment Gateway that offers API technology so you can integrate your Ecommerce and immediately offer Pix Payments for customers in Brazil. It’s a subscription system that offers a bunch of features usually useful for larger businesses.

Highlights:

  • Payment Gateway Tech: API integration for e-commerce.
  • Bank to Bank: Yes.
  • Reports: Detailed reporting.
  • Support: Company-focused, no customer support.
  • Fees: $200 subscription plus additional fees, 0.38% IOF.
  • Time to Pay: 1-2 business days.
  • Minimum for withdrawal requirement: Yes

 

Stripe

Stripe is a commonly used payment gateway in the US that does offer the option of Pix Payments. Even though the system can accept international payments on credit cards, it does not allow for Pix Payments to be transferred internationally. That means that your business will have to keep an account in Brazil and then send that money to the US.

  • Payment Gateway Tech: API available.
  • Bank to Bank: No; requires maintaining a Brazilian account.
  • Reports: Comprehensive.
  • Support: International.
  • Fees: 5.18% + $0.30 per Pix transaction.
  • Time to Pay: 2 business days.
  • Minimum for withdrawal requirement: Yes

 

Mention

Paypal

It would be easy to believe that PayPal, one of the largest Payment Gateways Systems in the world, would accept Pix Payments. That is no longer the case. PayPal stoped accepting Pix Payments since 2023.We just added them here because so many people relied on PayPal for their Pix Payments, so we would like to show you some alternatives.

Final results

Making a break down of all the information we gathered about Pix Systems for Payments in Brazil we can make a feel assessment about the options presented.

Wise for Business has some of the best fees and transactions speed in the market, but their B2B support is an afterthought. 

They have no API integration for payments, you can’t export reports and all of their features are closed to anybody that does not have the app.

That’s a big deal, especially if you’re running an Ecommerce that relies on automated sales. Sure, if your customer already uses Wise than it becomes way easier to charge, but other than that, downloading the app and onboarding becomes an unwelcomed step in the process.

For Automated systems, it’s hard to compete with Ebanx Features. They have a thorough technology that offers a lot of personalization options. 

The downside is the pricing. Smaller companies like startups, or companies that wish to expand to Brazil, but still don’t have customers in the country can feel afraid of investing so much.

There are also known complaints about support that should be taken into account.

Then we have Stripe and Paypal which are perfectly fine if you want to accept credit card payments, but can’t really offer Pix International Payments.

Therefore, it all really comes down to what your business needs. If you have a medium sized or small business, lets say: Law Practice, IT, Education or Retail operation, you might prefer CambioCheckout.

Why is that? Mainly because CambioCheckout offers personalized support in Brazilian Portuguese and English, plus most of the features that you’ll find in all the options above.

CambioCheckout is a product that was developed specially for the Brazilian market. Having that insight let us make a system custom for Brazil’s needs and that includes Pix Payments.

Of course, only you can decide which system is best for your business, but if you’re interested, feel free to let us know!

PIX for US Companies 100% Free for businesses. Seamless integration via API. Also, Nupay, Boleto, and Installments.

Recent Articles

Why Offer Pix Payments in Brazil

< Back to Dashboard

Why Offer Pix Payments in Brazil

A cost-effective solution for integrating Pix Payments into your payment options, without upfront fees.

Offering Pix Payments in Brazil is a strategic move for businesses expanding their reach, but what you don’t want to do is pay for a subscription service before you even find out if this is the right move for your business.

We’ve got you covered. We’re here to introduce a cost-effective solution for integrating Pix Payments into your payment options, without upfront fees.

Why Offer Pix Payments in Brazil

As you start acquiring clients from Brazil, traditional billing methods might seem straightforward: issue an invoice and await payment. However, two major issues can arise with this approach:

  1. Delayed Payments: It is not as easy for a Brazilian to pay a US Business as it is the other way around. So you may expect nearly a week for Brazilian customers to complete a transaction.
  2. Failed Transactions: Customers may abandon the payment due to complex processes or high fees associated with international transactions.

 

Traditional methods are slow, and while international credit cards might seem like an alternative, they’re not widely available in Brazil. Additionally, international credit card transactions incur a 5.38% tax (IOF), adding to the cost.

Pix Payments, however, stand out as a widely accepted, fully digital payment method in Brazil, facilitating immediate bank-to-bank transfers with minimal fees (just 0.38% compared to 5.36% IOF). But to offer Pix, you need to find an international processor – not your regular Square / Stripe buddy. But trust me, this shouldn’t add any additional costs to your business.

Well, what about Pix?

So, Pix is the most common payment method in Brazil. It’s fully digital and made by accessing internet banking through a QR code.

There are ways to make a Pix Payment in Brazil that can be directly transferred to your account in the US, bank to bank.

The process is quite simple:

  1. Payment Link: Send your Brazilian customers a payment link.
  2. QR Code Generation: Customers log in / register to generate a Pix QR code.
  3. Payment Completion: They scan the QR code using their banking app, initiating the transfer.

 

This method not only reduces fees but also accelerates the payment process, with funds typically arriving in your U.S. account within one business day.

Financing Pix Payments

Your customer’s bank may offer financing options for Pix Payments, allowing them to pay in installments. This doesn’t affect your business; you receive the full amount immediately without the risk of chargebacks, offering a way to provide installment payments where they might not otherwise be available.

Offering Pix Payments for Free

Traditionally, integrating Pix Payments requires a subscription to a payment gateway like Ebanx, which can be costly. CambioCheckout offers a free alternative:

  • No Subscription or Onboarding Costs: Get started without upfront fees.
  • Zero Transaction Fees: CambioCheckout charges a 2-4% spread on the exchange rate to the customer, not your business. This rate decreases as your sales volume increases, making it an attractive option for businesses of all sizes.
  • Comprehensive Payment Options: Alongside Pix, offer Boletos and National Credit Cards.
  • Seamless Integration and Support: Benefit from API integration, free IT support, and bilingual customer service in Brazilian Portuguese and English.

 

CambioCheckout positions itself as a partner in your growth, offering a free and efficient way to accept Pix Payments in Brazil.

For more information and to explore our services, visit our website. Discover why CambioCheckout is the premier free option for offering Pix Payments in Brazil, and take the next step in expanding your business’s payment capabilities.

PIX for US Companies 100% Free for businesses. Seamless integration via API. Also, Nupay, Boleto, and Installments.

Recent Articles