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How to register

  1. Send the beneficiary’s data: type (individual or company), CPF or CNPJ, name (or legal name), address, relationship type and at least one Pix key.
  2. Each Pix key enters SCREENING and LB Pay screens it automatically.
  3. You are notified with beneficiary.status_changed when each key is APPROVED or REJECTED.
  4. To add or deactivate a Pix key later, update the beneficiary.
You can pay a beneficiary when the beneficiary is ACTIVE and the Pix key is APPROVED.

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What LB Pay checks

  • Identity: the beneficiary’s CPF or CNPJ, full name (or legal name) and country are checked against sanctions and PEP lists.
  • Pix key: the key must exist in the Pix directory before it is approved.
The first key of a new beneficiary goes through the full screening. Later keys for the same beneficiary get a lighter check focused on the new key. Changing identity data (name, document or address) triggers a new screening. When the withdrawal is created, LB Pay checks again that the key exists. Just before the Pix, LB Pay confirms that the key holder’s document matches the beneficiary. If it does not, the Pix is not sent and the remittance goes to FUNDS_HELD_BRL.

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What stays with you

LB Pay screens the data you send; it does not verify the person behind it. You remain responsible for:
  • verifying the identity of each end user before they send or receive through LB Pay;
  • keeping your own identity records (documents, proof of address and, when applicable, source of funds), as required by your regulators;
  • making sure the beneficiary data you submit matches what you collected;
  • applying your own limits and risk tiers. LB Pay’s screening is a payment control, not a replacement for your customer due diligence.
If your regulatory regime requires LB Pay to take part in your customer review, contact LB Pay’s compliance team. These arrangements are agreed separately.

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Relationship with the sender

The detailed relationship with the sender (family, friend, employer…) is informed in each remittance, because a third-party beneficiary can receive from different senders.
What you do
  • Register the beneficiary with address, relationship type and a Pix key that belongs to them.
  • Wait for the key to be APPROVED before creating a withdrawal.
  • Inform a relationship in the remittance that matches the beneficiary type.