Pix brought convenience and ease to financial transactions and quickly became the most widely used payment method in Brazil, according to a survey released by the Brazilian Federation of Banks (Febraban).
At restaurants, payment via Pix offers convenience to customers and has several benefits for the establishment, mainly savings on debit and credit card fees.
Although a Pix fee is also charged, it's much more advantageous. In this article, understand how it works and learn how to choose the best payment solution for your business.
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Do restaurants pay a Pix fee?
Credit and debit card fees account for a good portion of a restaurant's operating costs. To save money, many look for other payment methods, such as Pix.
What some people don't know is that there is also a Pix fee. According to the Central Bank, this fee can be applied to both individuals and legal entities, as in the cases below:
Individuals are exempt but can be charged in the following situations:
• When making a Pix, when an in-person service channel or the institution's staff is used, including by telephone, when they are available through electronic means; and
• When receiving a Pix, in the case of a purchase purpose, in exchange for commercial activities (Example: an individual seller who receives a Pix for the sale of a product or service).
Legal entities can be charged:
• For sending and receiving funds via Pix, for the purposes of transfer and purchase;
• For contracting ancillary services related to the sending or receiving of funds via Pix that allow complementary activities to be offered specifically to businesses.
Pix fees are charged by financial institutions. However, they are not required to apply these fees. Each one can set its own charging policy and rates.
Therefore, restaurants pay a Pix fee according to the financial institution they choose. Entenda mais a seguir!
Leia também: Cashless: understand what it is and what the advantages are
How does the Pix fee work for restaurants?
Each institution can set the amount of the Pix fee. They range from around 0.99% to 1.45% of the Pix amount. Assim, o gestor do restaurante deve avaliar as condições oferecidas por cada uma, escolhendo a que for mais vantajosa para o negócio.
Some banks have their own acquirer (card machine) and offer benefits such as fee exemption for a period, usually one year.
After that period ends, fees may be applied to the transactions made via Pix. You need to stay alert to these changes, checking which rules apply after the exemption period.
This way, you avoid these charges becoming “hidden”, since the restaurant receives the net amounts, with the fees already deducted, and can end up losing visibility of how much it's paying in Pix fees.
Learn more: How to choose the best card machine
Get to know EPOC and make payment management easier
Controlling receivables and doing good financial management is very important for reducing operating costs and increasing your restaurant's profitability.
The first step is to do good research and choose the institutions that offer the best rates — both for Pix and for other methods such as credit and debit cards.
Then, rely on technology for more transparency and security in your payments. Automating processes makes financial management easier and prevents human errors and fraud.
EPOC is a restaurant platform that lets you integrate all processes, from payment to sales control. We offer an integrated Pix account, with the best rates on the market, and you receive the money instantly.
On top of that, it makes payment much faster and more convenient for the customer, improving the experience as a whole. Just create a pre-bill on the POS with the Pix QR Code and Copy & Paste code so the customer can complete the transaction with ease.
Another option is to use EPOC GO. Com ele, o cliente pode pagar a conta com autonomia e total segurança, usando o próprio smartphone.
After payment, the system automatically checks it, records it in the ERP, and frees up the table or tab in the POS. That way, your restaurant can receive Pix much more securely and financial management becomes much easier.
If you'd like to learn more about the benefits of using EPOC, Talk to our consultants!
