Last updated: 9 June 2023
Online casino payment methods have been riding the wave of the digital revolution for years. Many fintech companies started their operations fairly recently and attracted an impressive number of users some banking solutions take decades to obtain.
PicPay is one of the options that we found to be particularly interesting. It is a localized, Brazil-oriented digital wallet that not only makes life easier for common people – it also brings notable benefits to online gamblers whether they are into poker, blackjack, slots or sports gambling.
The virtual wallet (carteira digital) known as PicPay is a progressive payment solution due to it being fully optimized for mobile. This is an app-based platform we found to be an excellent deposit option for Brazilian players.
Below you have an entire page of useful PicPay info, from the best casinos that accept PicPay, an overview of fees and timeframes to a selection of bonuses and more.
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PicPay is the product of PicPay Serviços S.A. The company was founded in 2012 and belongs to the J&F group, the parent company of Banco Original SA. It maintains offices in São Paulo and Vitória states. The brand has a vibrant, youthful vibe since it wants to appeal to the younger generations more dependent on their mobile devices.
PicPay employs engineers, developers, marketers, designers, geeky nerds and creators, as well as another handful of professionals, all in charge of bringing the product to life. Through PicPay it is possible to send and receive money, for free and instantly. Having a credit card or a bank account is required. Also, you need is a smartphone.
PicPay grew to become the largest mobile payment company in Latin America. It is considered a pioneer among e-wallets in Brazil.
The app allows you to store money, make instant payments in various ways, pay bills and transfer money to other people. It also powers various other services such as recharging mobile phone balances and public transport cards, payments of parking lots, as well as game shopping and e-commerce.
According to PicPay’s co-founder, Anderson Chamon, the company (only a startup at the beginning, now has 5,000+ employees) relied on the omnipresence of mobile cameras and the need for immediacy.
- February 2023: PicPay Acquires BX Blue to Expand its Financial Marketplace.
- May 2022: Unlimited and PicPay Partner to Explore Latin America’s Digital Wallet Market.
- February 2022: PicPay says it issued more than 12.5 million PicPay cards in 2021.
- January 2022: PicPay announces it has named Phil Calçado as a new Global Chief Technology Officer (CTO).
- October 2021: Fintech reports that the PicPay wallet balance exceeds R$5 billion. More than 18 million users keep funds in their digital wallets.
- April 2021: Brazilian digital wallet files with the SEC (US Securities and Exchange Commission) for an initial public offering (IPO). PicPay intends to list on the Nasdaq under the PICS ticker symbol.
- April 2021: The company surpasses the mark of 50 million registered customers.
- May 2020: PicPay reaches 20 million active users across Brazil and Latin America.
Digital wallets are particularly popular in Latin America. They are an instrument of financial access for thousands of consumers on the continent who do not have a bank account, or who simply opt for the ease of having the data stored in one single place. PicPay Pagamento has had tremendous success upon such fruitful soil.
The company co-founder highlighted the two factors that were incorporated into the solution – the ubiquity of mobile phone cameras and the need people have for immediate execution. These are valid observations that the company used to its advantage in the Brazilian market.
Brazil’s relationship with digital wallets is one of affection and appreciation. Many residents use digital wallets, as there are hundreds on the market, including international brands such as PayPal. PicPay, however, is a domestic digital wallet that is primarily catering to mobile users.
Download the mobile application
PicPay is primarily developed as a mobile application. So, you have to grab your smartphone, download it and install it. The app is free for download on the Google Play Store and the Apple App Store. One is compatible with Android and the other is made for iOS devices. After downloading the digital wallet app on your smartphone, click on “Create my PicPay account”.
Complete the app/account registration
To register in the application enter your full name and mobile phone number to receive the confirmation code via SMS. Also provide your email, a secure password for the profile, your CPF and date of birth. Confirm each step taping on the “Next” buttons. Identity validation is optional and may not be available to everyone at the same time.
Add a credit card
After defining a username and establishing your account credentials, you will be taken to the main PicPay page. Click on the top left corner to access the menu and go to “Credit Cards”. On the page that opens, click on “Add Credit Card”. You can choose to enter the data manually or to scan the card numbers with your smartphone’s camera.
After confirming the data, the registered credit card will be displayed in the menu. By disabling the money balance in the app, the card will be used in all payments. The value that is stored in the digital wallet won’t.
Add a stored balance
To use the full potential of the digital wallet you can add money to the account and establish a stored balance. In the main menu, click on “Add Money” and enter the amount. It is possible to add balance to a PicPay account through transfer via TED/DOC and Boleto. The app allows you to use a bank slip or make a transfer through Banco do Brasil, Bradesco or Itaú, as well. The only currency you can store on your mobile PicPay wallet is the Brazilian real (R$).
Once the setup for your wallet is complete and the balance is topped up, you can make a casino deposit PicPay in a straightforward process.
- Choose a PicPay online casino.
- Access the casino cashier and select PicPay as your preferred method of payment.
- Follow the instructions which will lead you to the app you already have installed on your phone.
- Within the app, you will approve the deposit amount and the transaction itself.
When you desire to cash out, submit a withdrawal request and the casino will provide you with a QR code to scan and accept the payment in your app.
The PicPay application does not charge extra fees on purchases and offers a Pro version for commercial use. There are no interest charges and there are no fees for personal accounts.
The PRO version, aimed at commercial use, charges 1.99% per payment received but does not limit the volume of money per month. Withdrawing money from PicPay aplicativo costs nothing the first time, from the second withdrawal the service charges R$6.90 per cash-out.
There are some limitations in terms of the volume of the transactions, but if you are concerned about fees, there’s no need. Payments made with credit cards up to the total limit of R$800 per month are exempt from fees.
Brazilian online casinos with PicPay do not usually charge any fees for using this method at the cashier.
PicPay transfers are speedy and smooth. There shouldn’t be any obstacles to making quick and safe deposits to your online casino account. Once the payment is submitted, it will be processed right away.
The deposited money will be immediately deducted from the PicPay wallet balance. The entire deposit process within online gambling platforms is extremely convenient, as it only takes a few minutes to complete.
As for withdrawals, the time required will depend exclusively on which feature of the financial platform you will be using and the casino itself. If the casino is swift to process your withdrawal request, the money should be paid automatically. If it is sent by some sort of transfer, it may take a while to receive your withdrawal.
The personal PicPay profile/account/wallet is limited to receiving amounts of R$ 800 per month. PicPay online casinos themselves are in charge of establishing limits to transfers.
Some online bookmakers in Brazil allow minimum deposit amounts to be R$ 30 and a maximum amount of R$ 60,000. This is not a universal range of values, and you should certainly check for yourself what are the limits of your chosen casino before you deposit or ask for a withdrawal.
If you can’t find this info in the terms and conditions, contact customer support.
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Protecting your money and your information is fundamental for the PicPay service. The team works daily to implement the best and newest security practices in the market.
Users are reminded to keep their password, access code and card security number (CVV) safe. PicPay only requests this data inside the app. If they are requested by phone, SMS, e-mail or social networks, it is a scam and they shouldn’t be provided.
Application security controls like facial recognition, security password, SMS authentication, and authorized devices contribute to the overall safety of the wallet. Furthermore, PicPay is a PCI DSS (Payment Card Industry – Data Security Standard) certified company and is recognized as a PCI Security Standards Council participating organization.
As a payment institution regulated and authorized by the Central Bank, PicPay keeps 100% of the balance of its users invested in federal public securities, as required by the regulatory agency.
If you need to talk to someone from the company, you can get help directly from the application. Make sure to access the “Settings” tab and then go to “Need help?”.
Still can’t find what you are looking for? There is an alternative way of contacting support and that is reaching out to the special complaints line.
The phone number is 0800 025 8000 and the line works as a last resort when other channels fail you. The number is open on working days from 10:00-12:00 and 13:00-15:00. If you want to send a written message to the representatives, use the email address firstname.lastname@example.org.
PicPay: Pagamento Online, Transferência e Pix mobile app has a 4.2 rating on AppGrooves. Over 382.2K reviews have been submitted on the website and there are many comments highlighting how awesome the app is and how much money people have saved thanks to it.
One user would even go as far as to claim that the app has changed the payment world. The fact that it is simple, practical and fast represents the biggest advantages to them.
The PicPay Card is an extra commodity provided by the PicPay service. With the PicPay Card, users can manage all transactions directly from the application.
They can pay invoices using the available card balance, and all of that without annual maintenance fees. The card can be issued in a physical or a digital form and it can be a debit or a credit card.
It will be flagged as a MasterCard and you can use it like any other credit/debit card.
Mobile capability is the main characteristic of PicPay – it defines the service. PicPay is available as a mobile app, downloadable for free.
It contains a plethora of functions and conveniences that not only make casino deposits easy but also everyday life. The apps are developed by the highest of standards and make full use of smartphone technologies (facial recognition, security password, SMS authentication etc.).
The interface itself is easy to navigate through. That being said, an extensive field of activities is concentrated in a single app, so PicPay sometimes presents an interface with a lot of information.
In any case, the app boasts good usability. The Android PicPay app requires the operative system 4.1 and up and occupies 50MB of space. Its Apple-friendly counterpart requires iOS 10.3 or later and it is compatible with iPhone, iPad, and iPod Touch, occupying 348.8 MB.
The rise of digital transactions amid the COVID-19 pandemic has boosted PicPay’s business. Its client base has been rising almost 160% year over year.
PicPay is one of 600+ wallets in Brazil. It is compatible with PIX, new Brazil’s instant payments system launched in 2020, which also includes PayPal and Mercado Pago.
In January 2020, Linx, the leading retail technology specialist, announced its partnership with PicPay.
Once registered, the new PicPay user will be able to sync their contacts and see which of their friends already has PicPay. It is also possible to send money to those who haven’t got the app yet. In this case, the person will receive a message (sent via Facebook, WhatsApp or SMS) inviting them to create an account.
In March 2017, the app established a partnership with Facebook to allow the purchase of products directly from the social network feed.
PicPay is compatible with apps and games like Uber, Steam, iFood, Netflix, Google Play and League of Legends, among others. The service also allows users to recharge prepaid cell phones and upload credits onto public transportation tickets.
PicPay works a lot like a normal wallet, except it is completely digital and more secure than a physical wallet. By using the PicPay wallet mobile application, you don’t need to carry money in your pocket, much less carry several credit cards to pay your bills and pay for online services.
When accessing the user’s device location, PicPay recognizes the nearby establishments and indicates which offer discounts upon payment in the app.
Yes, PicPay allows you to both send money (make deposits) and receive money (request withdrawals and receive payouts from casinos). Check with the casino is both options are enabled.
PicPay payments at online casinos are usually not subject to fees. The service itself will charge a 1.99% fee for topping up the balance.
Yes, the platform is completely reliable, and you can use it with a peace of mind to make your deposits at some of the top online gambling sites that the market has to offer nowadays.
PicPay is solely offered to residents of Brazil for the time being. It ranks as one of the largest digital payment methods in Latin America.
PicPay online casino withdrawals shouldn’t take too long. If the casino doesn’t keep your payout pending, the money should arrive right away.
The financial service is provided and regulated by Banco Original S.A. through the correspondent service of PicPay Serviços S.A.
Just like with any other wallet, you can pull the money from the balance and sent it to your card or bank account. If you have money in your PicPay digital wallet, you can make free withdrawals at Banco24Horas network ATMs, too.
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