> once you send the money it is gone with no contest possible
That's not true; PIX requires your bank to provide a way (called "MED"[1]) for you to request a reversal up to 80 (!) days after a transaction. It can only be used in case of fraud, and it may take up to 7 days for the bank to analyze the situation and deny/allow your request. If it's allowed, you'll get the money back in up to 4 days.
If the bank denies the request (i.e., if they conclude there was no fraud) you can always sue the transaction recipient; you'll have access to all necessary information since they must be registered with some financial institution to be able to receive a PIX transaction.
So it's not as easy as a credit card, but I think it's fair for a free payment service.
Oh I didn't know that, the Swedish system doesn't have anything like that as far as I am aware. But credit card fraud reimbursements are relatively straightforward. The PIX one seems more complicated, but the chance of being defrauded on PIX transactions is much smaller as well.
as in you can't get your card cloned and then a bunch of transactions show up.
That's not true; PIX requires your bank to provide a way (called "MED"[1]) for you to request a reversal up to 80 (!) days after a transaction. It can only be used in case of fraud, and it may take up to 7 days for the bank to analyze the situation and deny/allow your request. If it's allowed, you'll get the money back in up to 4 days.
If the bank denies the request (i.e., if they conclude there was no fraud) you can always sue the transaction recipient; you'll have access to all necessary information since they must be registered with some financial institution to be able to receive a PIX transaction.
So it's not as easy as a credit card, but I think it's fair for a free payment service.
[1] in Portuguese: https://www.bcb.gov.br/meubc/faqs/p/o-que-e-e-como-funciona-...