Iâve been in Brazil for approx one year now using a Revolut Visa card, after it replaced my Mastercard. Never had any issues with the Mastercard. Issue is with some POS not accepting Pre Pay Visa.
As of Sep 19 in SĂŁo Paulo state this is my experience:
ATM Withdrawals:
Only Bank that accepts card and does not charge a fee is Bradesco. ItaĂș used to but hasnât recognised the card recently.
POS Transactions:
Card accepted normally with all machines except for Rede (Orange/Black). Occasionally issues with Stone (green) and Pago Seguro (Yellow) but usually works.
Now before paying I also ask what machine they have or if they have an alternative to Rede. They will always, without fail, say that Rede will work with Visa and then look confused when it doesnât and I say I told you so!
Iâve been to Brazil in October 2019, and the best strategy for me was to withdraw money from Bradesco Bank and use cash. Other banks donât work, with the exception of a particular ItaĂș branch in SĂŁo Paulo. I tried my Revolutâs UK Visa several times as credit or debit and nothing worked. I need to plan a new trip for the end of the year and Iâm now re-assessing my options to exchange money. Is this still a problem? Did anyone try using revolut since October?
Revoult works very well jn Brazil, if you get both the Visa and Mastercard cards. The Mastercard works 99.9% of the time with local epos machines and the visa covers the rest.
Hi @badr Iâm living in Ireland and travelling to Brazil in February 2023 for a holiday. Can revelute be used easily in this country both to tap with phone and make payments. Thankyou
@Pauli I donât know about paying by phone. Plastic cards work absolutely fine including the contactless option. When asked if you wish to have a debit or credit transaction, always answer credit. Brazilian POS machines will only work with âcreditâ for foreign - issued cards, but you 'll have a debit transaction anyway. Good luck and enjoy my country.
Foreign Visa and MasterCard debit cards in Brazil are recognize was âprepaid credit cardsâ so will work only when selecting credit.
Only Maestro and Visa Electron are considered debit in Brazil, what may be a problem since some small shops may only accept debit cards, if the PoS is a yellow terminal (PagSeguro) they may process without problems, generally instead of giving a error message if try to pay on credit when selecting debit (or vice-versa), those machines just complete the transaction on what function the card have instead of what was selected by the clerk.
Most cards in Brazil are dual-mode, credit and debit on one card, thatâs why they ask what function is before paying at the terminal and it may cause some problems on foreign cards that are debit but here are recognized as credit.
R$ 20 BRL (around 3,75⏠on 30 May, 2023), on my Brazilian fintech card that doesnât offers free withdrawals itâs only R$ 6,50 (around 1,21âŹ).
But most fintechs usually offers free withdrawals, even the big evil traditional banks offers at least 4 withdrawals per month (from the kindness of their hearts, cof cof, I mean because they are obligated by the law).
Revolut should try to get a deal with TecBan https://www.tecban.com.br/ to get on Banco 24 Horas (Use our ATMs in Brazil - Banco24Horas) ATM was a partner, so enjoying lower fees and maybe something extra, like being able to deposit on their ATM, switching card PIN and since their ATM have 2 kinds of biometrics readers, maybe even enabling card less transactions by registering biometrics (fingerprint or Palm recognition).
Banco 24 Horas ATM also supports something called âdigital withdrawalsâ where it generate a QR code to be scanned by the bank app and then authorize the withdrawal, I suppose that maybe supporting it would allowing lower fees than using the card since it skips the card network and is between the ATM and the bank.
So supporting PIX (could be a function inside the BRL account, so if people first converts the value to BRL could enable withdrawals and PIX payments in Brazil)
Beside PIX being used only in Brazil (at the moment), when I was touristing in Argentina some touristic places also accepts it by having an account on a Brazilian bank).
Revolut Ltd (No. 08804411) is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562)..
Registered address: 7 Westferry Circus, Canary Wharf, London, England, E14 4HD.
Insurance related-products are provided by Revolut Travel Ltd which is authorised by the Financial Conduct Authority to undertake insurance distribution activities (FCA No: 780586) and by Revolut Ltd, an Appointed Representative of Revolut Travel Ltd in relation to insurance distribution activities. Revolut Ltd is an Appointed Representative of Lending Works Ltd for the activity of âoperating an electronic system for lendingâ. Trading and investment services are provided by Revolut Trading Ltd (No. 832790). Revolut Trading Ltd is an appointed representative of Sapia Partners LLP (No 550103) which is authorised and regulated by the Financial Conduct Authority. Revolut Trading Ltd is a wholly owned subsidiary of Revolut Ltd.
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