Online Casinos in Brazil Offering PIX
Online casino gambling is not really regulated in Brazil, but interested players do not have any obstacles to joining international online casinos, either. Therefore, plenty of global sites accept Brazilian players, and to cater to them in the best way possible, they give them the opportunity to use PIX for their deposits and withdrawals. This is a local electronic payment system that has been around for a few years, but one that’s already offered across many industries, the online gambling industry included. If you are a Brazilian player who is looking for the most convenient payment solution to use across online casinos that cater to players from your country, you've found the one. Stay with us to learn more about it and see why it is the best option you could use. What is PIX and why choose it as your payment method at an online casino?
The Legality of Online Gambling in Brazil
Brazil is one of those magical Latin American countries that is home to several spectacular things that make it unique. You probably know it best for its globally-known Carnival de Rio or its breathtaking nature, but most people know it for its football. These are the three things you would describe Brazil with, but football sticks out the most, considering the success it has had on a global level in the World Cup. And yet, even though sports are what it is most well-known for, weirdly enough, the country had not been very keen on regulating the online sportsbetting market, or any other online gambling verticals, to be precise, in the past.
In 2011, however, the country made its first move towards regulating some verticals. First came lotteries, and a few years in, it finally gave in and legalized online sportsbetting. The vertical was officially legalized in 2018 when the Bill 846/2018 was signed by the President. Officially, Brazilians were given permission to enjoy both land-based and online sportsbetting.
As far as online casino gambling goes, things are a bit more complicated. The Presidential Decree 1946 banned all forms of gambling, but with the launch of the online sportsbetting market, the country saw the potential in online casino gambling, too. Players who kept on joining international online casino sites helped the government realize that it could receive a financial boost if it legalized online casino gambling, too.
But there were many bumps on the road and to this day, there are no formal laws that regulate online casinos in Brazil. Between 2011 and 2023, we could see changes to laws, and amendments, but no new laws were introduced. In fact, even though sportsbetting was officially legalized in 2018, it wasnot until 2023 that it truly launched, due to technical issues. Online casino gambling also seemed to be indefinitely postponed, but in December 2023, Brazil’s Chamber of Deputies validated a bill that would regulate online gambling and sportsbetting. So far, given how demanding the Brazilian authorities are with bookmakers who wish to enter the market, we don't think that the actual market launch will happen any time soon but do stay tuned for updates.
At the moment of writing, all interested Brazilian players only have the option to join international online casinos, as licensed Brazilian casinos are still not a thing. Luckily for you, the country has never prosecuted a Brazilian player for joining an offshore casino, so until, and if, things change, you can rest assured that you will be able to enjoy your favorite casino games for as long as you want, across online casinos based elsewhere.
Thankfully, you have hundreds of online casino sites at your disposal, sites that are still free to cater to Brazilian players, due to the postponement of the legalization. And these sites have even made sure to provide you with a local payment method to use for your deposits and withdrawals, PIX. This is a Brazilian electronic payments system that you probably already know, as it has been a hit with users since day one. It was launched by the Brazilian government in association with the Brazilian banking system, for Brazilians, to facilitate and modernize the way they make online payments and purchases in Brazilian real. As such, it is incredibly convenient and easy to use, so make sure you continue reading to find out all about it so that you can eventually start using it for your deposits and withdrawals across online casinos that cater to Brazilian players.
Why Start Using PIX at a Brazilian Online Casino?
Even though similar payment solutions already existed in Brazil when PIX was launched, none of those were backed up by the Brazilian government itself, in association with the entire Brazilian banking system. The government made all banks and financial institutions in Brazil that had over 500,000 account holders embed this solution in their systems, with the aim of allowing all Brazilians to have access to it. The official launch was in 2020, and the minute it happened, millions of Brazilians started using it, thanks to all the perks it had to offer.
For starters, this electronic payment system allows Brazilians to make online payments and transactions within seconds, in just a few taps on their devices. Secondly, transactions with it are in Brazilian real, so currency conversion fees are eliminated when transacting with it. Thirdly, with it, you can do online shopping, make money transfers, pay bills, make standard payments and purchases across all eCommerce sites, and even make deposits and withdrawals across the online gambling industry.
The best part is, that virtually all banks, and certainly leading Brazilian banks are offering it, so you probably already have an account with at least one that does. But having a bank account is not even a mandatory thing to have to start using it! That’s where it shines, really! You can be unbanked and still use one of its inventions, unique accounts named PIX Keys. You can set one of four types of Keys, depending on how you'd want to set the account up, using a phone number, individual taxpayer ID, email address, or randomly chosen key. The Key becomes your ID whenever you're transacting with the solution.
If you have a bank account, though, you don’t need to go through any further steps but just log into your online banking profile whenever you wish to transact with PIX. You’ll find a tab with its name once you access your online banking profile, so just select it to request a transaction via the solution. But why do it anyway? Why transact via the solution and not your online banking profile itself? Well, because the solution functions like an eWallet: transactions with it are instant, it is unbelievably user-friendly, and processes transactions 24/7, unlike your bank or other similar methods who do it only during business days.
And since you never know when you’ll need it, when you’ll get the desire to place a bet at an online casino or cash out winnings, it is absolutely perfect that PIX works for you around the clock. So, stick with us to see how to actually use it upon deposits and withdrawals across the many online casinos that offer it.
How to Deposit and Withdraw Across Brazilian Online Casinos with PIX?
Flappy Casino, Fansbet, and BetWinner are just examples of excellent online casino sites you could join as a Brazilian player that offer PIX. You could explore over 1100 sites that accept Brazilian players here at LCB, and you’ll surely find hundreds of other options that will allow you to use PIX.
That’s actually your first task: to find a proper casino to join. Once you’ve found a few candidates and explored their offerings, decide on the casino to register an account with. Provide the required personal details to create your player account, and once you do, to fund it with PIX, go through these steps:
- Enter your player profile and head over to the Banking/Cashier page.
- Look for the Deposits section and select PIX as your payment method.
- In the new window, choose whether you’ll use a Key or bank account to continue.
- Enter your Key ID or access your online banking profile and go to the PIX tab.
- Set the amount you wish to deposit and confirm the transfer.
- Instantly, the funds will arrive at your casino balance.
Since the solution was designed by the Brazilian government and is backed up by the banking system, it goes without saying that it is an option for cashouts, too. You would need to go basically through the exact same steps as described just now, only select it on the Withdrawals section, and set the amount that you wish to cash out.
The operator will receive your request and make sure it is valid, and you have enough to cash out as you requested. This request review will last approximately 24 to 48 hours with most operators, even though some approve/deny requests faster or slower. But, more or less, in a few days, the funds will arrive in your account safely.
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FAQs
Is online gambling legal in Brazil?
Do Brazilian players frequenting international online casinos get prosecuted for it?
Is PIX a popular payment method across Brazilian-catering online casinos?
Who do I contact in case my PIX deposit was unsuccessful?
Is there an official website I could explore to find out more about PIX?
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