PicPay is one of the leading digital wallet services available in Brazil. Since 2012, it has grown from a simple idea into one of the largest payment services in the country. PicPay’s greatest advantage is paying with QR codes through the app for everyday users. It makes paying your bills and daily spending very convenient. Just scan the QR code, approve the transaction, and you are ready to go! With so many people using PicPay, its popularity in online casinos is not surprising.
The company boasts over 60 million users and processes over $6.8 billion Brazilian reals every month. The company has a global presence, with more than 3,600 workers. PicPay offers protection through SMS authentication, password authentication, and facial and digital recognition.
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How Does PicPay Work?
If you want to use PicPay, you have to download the app. It is available on iOS and Android directly through the app store. Once you install the app, you can create an account. Fill in the requested details, which include your phone number. You will need to verify the number via SMS. PicPay will also request your full name, e-mail, CPF, and birth date. You have to set a solid password to complete registration.
After registering an account, you have to top up its balance. You can add money through a debit card or bank transfer. The PicPay app only supports transactions using Brazilian reals.
How to Deposit with PicPay?
Depositing money using PicPay is a simple process. Casino members log in to their casino account and open the cashier or banking page. Select PicPay from the list of available payment methods. Follow the on-screen instructions to carry out the deposit. You will need to open the app to approve the transaction. The funds should become immediately available to players once the transaction goes through.
How to Withdraw with PicPay?
Withdrawing funds in PicPay follows a similar process. You have to log into your account and select the withdraw option. Choose PicPay as the payment method for cashing out. The casino will guide you through the steps to withdraw funds to your account. How long it takes for the cash-out procedure to complete varies between websites.
Transfer Times, Fees, and Security
We like the steps PicPay takes to ensure player security and protection. SMS authentication and facial/digital recognition go a long way in ensuring no one but you can use your PicPay account. Requiring a password to approve transactions means even if someone has your phone, they cannot spend your money. PicPay is also PCI DSS certified, providing the most up-to-date security processes.
Deposits appear in your casino account almost instantly. The e-wallet immediately transfers funds once the transaction is approved. That means you can immediately start playing your favorite casino games! Withdrawals are slower, requiring the casino to approve the cash-out request first. That usually means several days before the funds appear in your PicPay account.
Most casinos will not charge you fees when depositing or withdrawing with PicPay. However, the payment method itself does impose fees for certain transactions. We recommend looking into these payments in more detail before deciding to use PicPay.