Facilitating international merchants with similar payment experiences through Pix and enabling Brazilians to purchase from them tax free is PayBrokers, a payment gateway and payment service provider (PSP). Its API is simple and effective, allowing foreign companies to instantly
send and receive payments from Brazilian users, via Pix, in accordance with the central bank's regulations. Furthermore, the end users are empowered with Brazil's fastest cash-in and cash-out instant payment system at their fingertips.
In October 2020, the Brazilian Central Bank (BACEN) launched Pix-an instant payment system enabling Brazilian merchants and citizens to execute quick domestic monetary transactions without regulatory barriers. Furthermore, the Central Bank's direct supervision of all transactions makes Pix easy to use, as it facilitates its users to have a seamless and positive payment experience irrespective of their location or level of financial sophistication. This consequently led to Brazil's financial inclusion and economic boom.
PayBrokers' international merchants enables to withdraw and deposit funds via credit card or other payment methods without going through platform bureaucratic formalities. It complies with stringent global security standards and BACEN regulations, ensuring clients experience safe payment processes.
The stable platform, which operates seamlessly despite the frequent materialization of challenges like the country's financial instability, has garnered the industry's attention. Its flexibility to integrate additional payment-related technologies to its platform based on client requirements ensures that it can provide uninterrupted payment experiences.
The firm also facilitates transactions made in cryptocurrencies and fiat currencies to settle cross-border payments where international clients face difficulties receiving funds from Brazil. "Our solutions help international businesses to capture more of the rich Brazilian market without incurring massive charges per transaction," says Edson Lenzi, Director of PayBrokers.
To ensure that foreign merchants and the Brazilian public are free from fraudulent activities and chargebacks when settling payments, PayBrokers performs a system verification to confirm their authenticity and identity. Its expertise in fraud detection, dispute resolution, and chargebacks has resulted in 0.001 percent of failed transactions.
More than 400 international merchants have adopted PayBrokers API to process their payments in Brazil. One such example was a client who had difficulties processing payments through Boolean, a wire transfer system. They improved their payment process by adopting PayBroker's Pix, making it hassle-free and enabling the client to derive profits within one year of implementation.
Gaming companies and international sports betting operators primary clients that use PayBroker's API to conduct secure and easy payments. Our solutions help international businesses to capture more of the rich Brazilian market without incurring massive charges per transaction Influenced by its massive success in the Brazilian market, PayBrokers is paving new pathways in the Latin American payment industry. It aims to operate a payment institute that allows Brazil's populace to open accounts, enabling them to conduct the payment process quickly across borders. The firm wll then extend its roots to other Latin countries, beginning with Colombia by the end of 2023.
The PSP and payment gateway is making a mark by sponsoring Brazil's favourite sport, football. Through this, the firm aims to communicate the platform's reliability and its API to the vast population as well as the benefits provided upon using it for seamless payments. Furthermore, its existing pool of 250 thousand customers using the platform for personal transactions makes PayBrokers and Pix solutions for international TOP PAYMENT the apt companies to capitalize on to explore Brazil's rich and growing economy.
Source: Financial Services Review / GMB
