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Payment Reconciliation and Settlement

Business Overview​

The automatic Pix payment system offers an efficient solution to automate recurring debits, providing greater convenience for both the payer and the receiver. By ensuring automation and notification of those involved, the risk of default is minimized and companies' cash flow is optimized.

Automatic Pix Payment Processing​

On the scheduled date for an Automatic Pix debit payment, the payer's bank must issue the payment order between midnight and 8 AM. After payment confirmation, the paying user will receive a notification. If the debit is canceled by the payer or receiver before this step, the transaction will not be processed.

Variable Value Recurrences​

For recurrences with variable values, the receiving user will define the minimum value, while the payer will determine the maximum allowed value. The specific amount to be charged must be sent by the receiver between 10 to 2 days before the payment date.

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If not sent, the charge will not be processed. This step does not apply to fixed value recurrences.

Business Context​

Variable value recurrences are particularly useful in sectors where chargeable amounts may fluctuate, such as utility provision or usage-based subscriptions, allowing flexibility in payments.

Payment Reconciliation Batches​

A set of recurrences with payments to be received will be called a settlement group (conciliation_batch).

  • Reconciliation batch creation occurs 10 days before the payment date.
  • Batches are closed 2 days before the payment date.
  • After creating a batch, a webhook will be sent with the conciliation_batch_key. Associated recurrences can be obtained through the specific endpoint.

Business Impact​

Reconciliation batches facilitate large-scale receivables management, providing transparency and control over scheduled financial flows, essential for strategic and financial planning of any organization.

Receipt Retries​

The receiving user can define receipt retries during recurrence creation, respecting the following conditions:

  • Retries can occur up to 7 days after the original due date.
  • A maximum of three attempts can be made, as defined during creation.
  • The value must be the same as the original payment.

Business Considerations​

Receipt retries are a crucial functionality for maximizing receivables, ensuring additional opportunities to settle payments that, for any reason, failed on the original date. This reduces losses from default and improves customer experience by providing additional flexibility.