4 ms·

I'm Brazilian and Pix is great. No reason to use anything else. Our government is terrible, but our central bank is actually quite competent. Credit to where it

I'm Brazilian and Pix is great. No reason to use anything else. Our government is terrible, but our central bank is actually quite competent. Credit to where it's due.

haolez 3y ago
Until they add a tax on Pix transactions.
- jesterson 3y ago
  They see all transactions through Pix, so it's only matter of time until they start matching with with tax contributions (if they don't do it yet)
- rpgbr 3y ago
  There’s no tax on transactions between individuals by default. When dealing with business, banks can charge a small tax from business side only, but most banks waive this fee for competitive reasons. Pix is so well designed and nice to use that sometimes I wonder how it exists. It’s one of those futuristic things we could only dream about a few years ago.
  - cassianoleal 3y ago
    Tax == imposto (paid to the government) Fee == taxa, tarifa (paid to the bank) You seem to be conflating the two. :) There is no tax for Pix transactions. Some banks may charge a fee from businesses.
    - haolez 3y ago
      I'm talking about a version of CPMF, but on Pix.
      - cassianoleal 3y ago
        Sorry, I'm confused. :) Are you talking about the existing B2B fees that some banks choose to waiver, or are you talking about a hypothetical future tax on pix transactions? CPMF was (allegedly) created as a token for customs and the central bank to monitor financial transactions. With Pix they have that "out of the box" so it would be harder to justify.
        haolez 3y ago
        Hypothetical future tax on pix transactions.
    - rpgbr 3y ago
      I was conflating the two indeed. My bad! Anyway, many banks don't charge fees on Pix for business accounts, which they could, due to competition. Also, for small, individual merchants/professionals (“MEI”, in Brazilian lingo), Pix is entirely free (from fees and taxes).
      - cassianoleal 3y ago
        Oh, you are the parent poster! :D That's why the sibling thread wasn't making much sense to me. :P I should learn to check usernames before responding.
rbanffy 3y ago
The career workforce is certainly competent, but I wouldn't extend that to the politically nominated employees.
matheusmoreira 3y ago
> No reason to use anything else. It's not a credit line so it has all the disadvantages of debit cards. It's also fully government controlled which is just stupid especially in a country like Brazil which has a known history of abuse of power with good and bad intentions. There are numerous reasons to prefer physical cash to all other forms of money but nobody cares because pix is easy and convenient. I bet people will suddenly start caring a lot when they finally start taxing it. By then it will be too late since it will be too entrenched in our society to use anything else. > Our government is terrible, but our central bank is actually quite competent. Credit to where it's due. I agree. The cause of the greatness apparently is apparently its autonomous nature. Somehow it manages to avoid answering to the rest of the government. Central bank setting high interest rates despite extreme political pressure is probably the only reason this country is still afloat.

I'm Brazilian and Pix is great. No reason to use anything else. Our government is terrible, but our central bank is actually quite competent. Credit to where it's due.

haolez 3y ago

Until they add a tax on Pix transactions.

jesterson 3y ago
They see all transactions through Pix, so it's only matter of time until they start matching with with tax contributions (if they don't do it yet)
rpgbr 3y ago
There’s no tax on transactions between individuals by default. When dealing with business, banks can charge a small tax from business side only, but most banks waive this fee for competitive reasons. Pix is so well designed and nice to use that sometimes I wonder how it exists. It’s one of those futuristic things we could only dream about a few years ago.
- cassianoleal 3y ago
  Tax == imposto (paid to the government) Fee == taxa, tarifa (paid to the bank) You seem to be conflating the two. :) There is no tax for Pix transactions. Some banks may charge a fee from businesses.
  - haolez 3y ago
    I'm talking about a version of CPMF, but on Pix.
    - cassianoleal 3y ago
      Sorry, I'm confused. :) Are you talking about the existing B2B fees that some banks choose to waiver, or are you talking about a hypothetical future tax on pix transactions? CPMF was (allegedly) created as a token for customs and the central bank to monitor financial transactions. With Pix they have that "out of the box" so it would be harder to justify.
      - haolez 3y ago
        Hypothetical future tax on pix transactions.
  - rpgbr 3y ago
    I was conflating the two indeed. My bad! Anyway, many banks don't charge fees on Pix for business accounts, which they could, due to competition. Also, for small, individual merchants/professionals (“MEI”, in Brazilian lingo), Pix is entirely free (from fees and taxes).
    - cassianoleal 3y ago
      Oh, you are the parent poster! :D That's why the sibling thread wasn't making much sense to me. :P I should learn to check usernames before responding.

rbanffy 3y ago

The career workforce is certainly competent, but I wouldn't extend that to the politically nominated employees.

matheusmoreira 3y ago

> No reason to use anything else. It's not a credit line so it has all the disadvantages of debit cards. It's also fully government controlled which is just stupid especially in a country like Brazil which has a known history of abuse of power with good and bad intentions. There are numerous reasons to prefer physical cash to all other forms of money but nobody cares because pix is easy and convenient. I bet people will suddenly start caring a lot when they finally start taxing it. By then it will be too late since it will be too entrenched in our society to use anything else. > Our government is terrible, but our central bank is actually quite competent. Credit to where it's due. I agree. The cause of the greatness apparently is apparently its autonomous nature. Somehow it manages to avoid answering to the rest of the government. Central bank setting high interest rates despite extreme political pressure is probably the only reason this country is still afloat.