Picpay – Find out how it works and what the application is for

With the advancement of technology, cell phones began to obtain functions beyond the basic ones, such as sending SMS and receiving phone calls, for which they were created. That way, nowadays it is possible to use them to help with a series of tasks and activities in our routine, isn't it? We can use them to take pictures, watch movies, find places and even manage our financial life.

And that's where the app picpay it fits. With it you guarantee greater ease to follow all the steps of your financial life. You can make online payments, make transfers, pay bills in installments and still be able to guarantee an extra income. So, see below how the PicPay and what the app is for.

meet the PicPay

THE PicPay is an app that works as a digital bank. In this way, the user has access to several services that he would have in a conventional bank, such as making transfers, paying bills, making investments, among others. The main objective is to simplify the relationship between users and money and everything they can do with it in a financial institution.

Therefore, both companies and individuals can have an account on the platform. The app was created 10 years ago and since 2015 Banco Original controls it. In addition, the PicPay it's more than a digital wallet. With it, users can make purchases and have access to many other services, such as paying bills, recharging mobile phones, obtaining Uber credits, among others.

The app offers access to various services, making users' routines more practical. In addition, there are more than 2.5 million companies that can be found on the PicPay. When it comes to practicality, the app delivers what it promises, one of the reasons being the fact that it doesn't charge an annuity fee even for opening accounts.

Advantages of the app

When installing the app PicPay on your mobile device and create your account, you will guarantee several advantages offered to users. Among them, a common one among digital banks is the exemption from the annual fee. However, the PicPay it also guarantees exclusive advantages, such as the cashback system and payment of slips in several installments. See some advantages below:

• Make transfers without paying anything. That's right, the PicPay it does not have fees for transfers between people and companies. However, there is a limit value per month for receipt, which is R$800 passed on by credit card. Therefore, if the amount exceeds, a fee of 1.99% is charged, starting from the exceeded amount. It's a great opportunity for traders;
• in addition, you can send payments from the telephone number of the person or company that will receive the money. It is important that the number is added to your contacts, or is from an accredited establishment in the app. The amount charged may be paid by credit card, bank slip, or transfer;
• moreover, the PicPay does not charge transfer amounts, if the money has been received through a payment in the digital wallet. You will be able to transfer it to other accounts or use it for payments at no cost. You can also withdraw funds from more than 23,000 Banco24Horas ATMs. Just select the “digital withdrawal” option and scan the QR Code that will appear at the cashier.

How the digital wallet works

THE PicPay it is a digital wallet. To be able to use it, the first step is to download the app. Afterwards, you must enter some information, such as CPF, username, e-mail, telephone and your credit card details (if you have one). Furthermore, it is not necessary to already have an account at another bank to create your profile on PicPay.

With an account in the app you can interact with other users. Furthermore, it is not only a digital wallet, it is also a social network. There are two ways to add money to your digital account, the most common is through Pix or transfers via other accounts, they can be made from any bank, such as Itaú, Brazil, Bradesco, among others.

Another way to add money to PicPay is from bank slips. Therefore, just generate the slip with the amount you want to add. The first issue made is not charged. What's more, the money will be available in the payment account within two business days. The same time for transfers made from other banks.

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