Overview
Withdraw flows are referred to as 'Pay-out,' representing any type of payment made by the system to you or just a simple debit transaction.
In this section, we will cover the process of creating a withdrawal, retrieving withdrawals by accountId or TaxId, and generating a PDF receipt for all payments.
All withdrawal flows require OAuth authentication, so it is highly recommended to review the Authentication tab if you haven't done so already.
Before we begin, there are a few terms you should be familiar with:
Understanding PIX
Pix is an instant payment system created by the Central Bank of Brazil. It allows for real-time transfers of funds between accounts, 24/7, regardless of the institution involved. Transactions made via Pix are typically completed within seconds, making it one of the fastest and most efficient payment methods in Brazil.
To initiate a Pix transaction, users can provide or use a Pix Key, which acts as a simple identifier linked to their bank account. This key can be:
- A CPF/CNPJ (tax identification number)
- An email address
- A phone number
- A randomly generated alphanumeric key.
Understanding the CBU/CVU
CBU (Clave Bancaria Uniforme) and CVU (Clave Virtual Uniforme) are unique bank account identifiers used in Argentina to facilitate bank transfers and digital payments.
CBU (Uniform Bank Code) is a 22-digit code assigned to every bank account in Argentina. It is primarily used for traditional banking transactions, such as transfers between bank accounts and receiving payments.
CVU (Uniform Virtual Code), on the other hand, is a similar 22-digit code but is used for accounts held in digital wallets or virtual accounts. The CVU allows users to send and receive money between traditional bank accounts and digital wallets seamlessly.
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