PicPay is a payments app that aims to be a facilitator of financial transactions between users, both for online service purchases and for transfers and payments. Making an assessment among friends or paying a ticket is a simple task with the application, which is already accepted in more than 1 million establishments.
All operations are made by the Android smartphone or iPhone (iOS), which acts as an electronic wallet in which the user can transfer money to contacts, make purchases in accredited establishments and even invest the values ??daily yield the equivalent 100% of CDI.
How to receive and pay for PicPay
Safe PicPay? See questions and answers about how the app works Photo: Reproduo / Helito Beggiora
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You can register credit cards or add money from your current wallet app. A news announced by the company in September also brings the PicPay Card, digital card that promises 5% of cashback Promotions that offer cash back are also one of the app's differentials. O TechTudo Listed some questions and answers that can help the user understand the main features of PicPay.
What PicPay? How it works?
PicPay One fintech genuinely Brazilian, designed to facilitate solutions in the financial sector and change the way users relate to money. Launched in 2012, the app has a simple interface that allows you to pay and receive money using your mobile phone only.
Transactions between registered users and merchants are practical, simply by binding a credit card or adding money to the account by bank slip or bank transfer to start using the system. It is still possible to pay bills and installments purchases using the app. The user can transfer money from his wallet to a bank account free of charge, with a minimum value of R $ 5 per request.
PicPay follows all PCI data security standards and standards. Information received by the application is encrypted and stored on secure servers. In addition, to perform any financial transaction through the app, it is necessary to authenticate with the registered personal password or the user's digital identification.
Another safety indicator is the company index on Complain Here. The company is rated "great" and always responds to complaints registered on the platform. Most people say that they would do business again because of the effectiveness of solving any problems.
Receipts from personal accounts have no fees, but there is a cash limit of $ 800 per month. Above this amount, a fee of 1.99% of the excess portion will be charged. In installments, the rate charged is 3.49% per month. For PRO users, there is a tax of 1.99% on the amounts received.
How to add and withdraw money?
PicPay offers two ways to add money to your in-app account: bank slip or bank transfer (TED or DOC). For TED transfers, the amount drops within one business hour to your PicPay account, and for DOC, the term is up to one business day. Please note that the bank account used must be the same as the CPF registered in the application.
In the second option, the application generates a payment code on the screen and makes the ticket available in the registered email. The money takes up to two business days to sign in to the PicPay account after the bank slip has been paid.
How PicPay Works: Here's How to Add and Withdraw Money Photo: Anna Kellen Bull / TechTudo
PicPay PRO is the account for business and professional professionals. In this mode, it is possible to receive unlimited installment payments. In addition, the app allows you to offer interest-free installment to the customer and receive the full amount as soon as the transaction is completed. The plan has a discount of 1.99% of the amounts received.
The PicPay Card is PicPay's digital credit card. The user can apply for the card and use the released credit limit to make in-app or off-platform payments with a physical card. The issuance of the cards is being made in batches and it is expected to release a corn by the end of the year. The operation is similar to other digital solutions such as Nubank and Inter.
The invoice closes on the chosen date and payment can be made via balance, at PicPay itself, or by a slip that will be sent to the email registered in the application. Payments made with your app balance will release the limit on time. In the case of billet, compensation takes up to three business days. There are no fees or annuities to hire and use the credit service, and the company promises up to 5% of cashback in transactions with PicPay Card.
PicPay Card arrives to compete with digital bank cards Photo: Advertisement: PicPay Card
What cashback and how it works?
Cashback A promotional action where payments generate a percentage of the amount back to the user's account. The app sends notifications whenever a promotion of this type is available, and each campaign has different values ??and percentages.
Information such as deadline and rules are available in the messages. O cashback It's a way to encourage using the app for fixed payments, which would be made anyway, without the user earning anything from it.
How to install in-app accounts?
On PicPay, you can make any installment payments as long as the merchant has this option. Just select a credit card, enter the combined amount and choose the number of installments in the upper right corner of the screen. The values ??are already shown with the included rates.
How does the University Account work?
This is a PicPay account for college students with exclusive benefits of cashback. Registered students get 10% back when paying with wallet or credit card balance. The types of payments that enter the benefit are variable, so it is recommended to consult the promotion participants in the "Benefits" section under "Adjustments".
How to make money on PicPay?
With so many possibilities, the best way to make money with PicPay is to take advantage of the promotions and advantages to make money on payments that were originally just expenses. In some promotional actions, the cashback reaches 30%.
It is also possible to earn money by referring friends to the app the user gets $ 10 for each person who signs up with their referral code. In addition, the money on the PicPay account yields the equivalent of 100% of the CDI every day useful in practice, a bigger gain than a savings.
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