by Team AllYourVideogames | Dec 8, 2022 | Entrepreneurship |
With the advancement of technologies, going to a bank branch or lottery house to make a payment is even démodé. There are numerous financial tools that can make our routine easier. Today we are going to talk about the PicPay how it works and its features.
PICPAY HOW IT WORKS: WHAT IS THE APPLICATION
A lot of people confuse, thinking that PicPay is a virtual bank. However, that's not it. Launched in 2012, the startup works very similarly to an online bank.
Fintech works like a digital wallet. With the application, you can make online purchases, pay bills, transfer money, among other features.
PICPAY HOW IT WORKS: WHAT ARE THE FUNCTIONS
In addition to the normal routines that a bank account can provide you (sending and receiving money, making payments, shopping online, PIX), PicPay has very interesting extra functions.
For example, it is possible to make a crowdfunding by gathering users of the app and splitting the restaurant bill.
To use these functions, users can either join PicPay Card or register a credit card, or top up their wallet with a transfer.
PicPay's idea is to end the use of paper money so that all transactions necessary for a payment are carried out through a mobile device.
In addition, the app organizes some cashback promotions for registered users. That's great, isn't it?
PICPAY HOW IT WORKS: CARRYING OUT THE REGISTRATION
To take advantage of PicPay, it is necessary to download the application and register. Let's go step by step:
Step 1. Download the app on your cell phone. There are versions available for both Android and iOS.
Step 2. Open the application and click Capply;
Step 3. Provide the requested personal information, such as: name, date of birth, CPF and telephone number.
Step 4. Confirm your registration with the code sent via SMS to the registered cell phone;
Step 5. Enter your email and create a numeric password for access;
Step 6. Choose your nickname, that is, how you will be called in the application.
Ready, your PicPay account has been created. Now, just fill in your credit card details to be able to use it.
Learn More: What is Pix, how it works and 5 advantages of using it today
PICPAY HOW IT WORKS: FEEDING YOUR WALLET
If you just created your account with the previous tutorial, know that your digital wallet is empty. Therefore, before using your PicPay, it will be necessary to recharge your wallet.
In the next step-by-step, we will show you the ways to recharge your PicPay account.
Here's how to add money to your wallet:
Step 1. Click on the zero balance that appears at the top of the screen;
Step 2. Click add;
Step 3. The user can choose two ways: bank slip or bank transfer.
For aid programs due to the pandemic, it is also possible to send emergency aid or FGTS money directly to your PicPay account. It is worth remembering that these last two options are temporary options;
Step 4. Choose the most convenient way for you and the desired amount. Then just confirm.
Step 5. Wait for the amount to enter your wallet balance. If the option chosen was a bank slip, the amount may take up to two business days to be credited.
Another way to use your virtual wallet is by registering your credit card for online payment.
To add a card, just click on the balance and just below the add button (mentioned in the previous step-by-step), you will find the option Aadd card.
PICPAY HOW IT WORKS: MAKING PAYMENTS
There are several ways to make payments. By clicking on pay people, you can search among your contacts, those who also have a virtual wallet and transfer the amount, or carry out a normal transfer or a PIX, for example.
To pay commercial establishments, just point your cell phone at the PicPay QR Code available on site. To pay bills, just use the barcode reader.
PicPay is compatible with platforms such as: Uber, Steam, Google Play and others. Therefore, the purchases made in these accredited, you can pay through the app.
And to finish the list of benefits of using the virtual wallet, it is also possible to recharge prepaid cell phones and add credits to public transport cards.
PicPay's range of services is really a routine facilitator in users' lives.
PICPAY HOW IT WORKS: PRO VERSION
In the Picpay PRO modality, the digital wallet targets self-employed professionals, unlike the normal version. In the PRO version, the user has to pay a fee of 2,99% on the income received by the app.
In the normal version there is no such fee, no monthly fee or membership fee. However, some services are limited and fees may apply based on consumption of certain services.
In the PRO version, there is no limit for payments with wallet balance. For credit card transactions, the limit for sending the amount without additional charge is R$ 800,00.
PICPAY HOW IT WORKS: PROMOTIONAL CODE
The app has a nomination award. For each new registered user who uses his referral code, the user who owns the promotional code earns a balance of R$10,00 in his wallet.
Promotion rules may change. Therefore, it is always worth checking the promotions tab of your account.
PICPAY HOW IT WORKS: CONCLUSION
With PicPay you have a range of payment and collection options available on the market in a unified way, in one place.
The biggest advantage of this technology is for those who have a demand and a large flow of financial transactions per month. That's because the application gathers all these transactions in one place.
In addition, you can take advantage of promotions and earn a free cashback while you organize your cash flow.
And did you already know this option of financial organization? If you use PicPay, leave a comment telling us your opinion about the app.