Boleto Bancario is a Brazilian payment method regulated by Brazilian Federation of Banks (FEBRABAN) and allowing Brazilian citizens to pay bills and transfer cash over the internet.
While there’s a consensus about credit cards being the most popular online payment method in the country, used for about 80% of e-commerce transactions, data related to the usage of Boleto vary from one source to another. PayPal research suggests that Boleto Bancario accounts for 8% of all online transactions, but e-bit claims its share is as high as 18%.
Either way, it’s clearly a preferred alternative to credit cards and online casinos increasingly feature Boleto as one of the available payment options, especially those which target the Brazilian gaming community.
You’ll find it at reputable gaming sites such as Royal Panda, SpinIt, Jetbull and 888. Where else? Casino Bloke knows and is happy to share.
Boleto Bancario is a convenient payment method used by Brazilian casino players. It is a widely used option in this South American country and the list of online casinos accepting Boleto payments is a bit limited but with a growing trend. Here at Casino Bloke you will get a list of the most reputable gaming venues accepting Boleto Bancario payments.
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Boleto, which translates as “ticket”, is a kind of proforma invoice issued by a bank. It can be paid until its due date at ATMs, branches of financial institutions, supermarkets and post offices, as well as via internet banking. When paid after the due date, the client is charged a fee which increases daily and varies from one bank to another. There are three main parties involved: an individual or a company whose account will be credited (merchant), a person or a corporate entity that pays it (client), and the financial institution (bank) which, once authorized to collect the payment, credits merchant’s bank account with the amount owed by the client.
For merchants, the usage of this payment system is easy. Brazilian merchants only need a bank account with Boleto Bancario, while foreign ones can use an intermediator and don’t have to hold a Brazilian bank account.
Boleto Bancario allows for convenient and secure payments using a slip generated online. The slip contains information such as the amount and recipient, date of issue and expiration date. Users can pay through their online bank account, or alternatively, print the coupon, take it to any bank branch or post office, and pay the specified amount in cash.
When making a deposit at an online casino, you’ll need to go to the cashier and choose Boleto as your payment method. You’ll be transferred to Boleto Bancario server via a secured connection, fill relevant payment data, and provide a valid tax number. The app will then display the above-mentioned slip. Confirmation of payment is sent in real-time and the Casino subsequently credits your account with the chosen amount. Do note that there is a delay in this process and funds will not become available immediately. Another downside is that Boleto cannot be used for making withdrawals.
After the Boleto is paid, it will take the bank up to 3 working days to process the payment and complete the transfer. There are no monthly fees to pay for using this service, only those incurred by a specific transaction. They typically range from 1 to 12 BRL, though some casinos may cover this amount for you when a transaction is made online. Don’t forget that fees are also charged if you wait until the due date, at which point Boleto can only be paid at the issuing bank.
Boleto Bancario enables Brazilian gamblers to make online deposits using cash, either because they dislike sharing sensitive information online or because they don’t own any credit cards. The method is very simple to use and exceptionally safe both when payments are made electronically and via outlets such as a bank branch or a post office.
It safeguards your privacy as no personal data need to be exchanged between the one who pays and the party receiving the money. Availability is yet another point in favor of Boleto, with printed slips payable at a large number of outlets throughout the country.
Boleto is a cash payment method Brazilians are using to pay bills at physical locations or through internet banking. It comes in a form of a printable voucher issued by a merchant, complete with a barcode, serial number, amount and an expiration date.
Having chosen it as a deposit method, you’ll be transferred to Boleto Bancario server and prompted to enter payment data as well as a valid tax number. The app opens a new window with a slip which you can pay via online banking or print out and pay at one of the authorized physical locations. A confirmation is then sent to the service provider and they inform the online casino operator.
Owing to the fact that the merchant has to send payment confirmation to Boleto which in turn informs the casino, funds will usually become available to play with within 3 days.
Transaction-specific fees range between 1 and 12 BRL though you’ll find that many casinos choose to absorb this cost for online transactions. However, payments executed after Boleto voucher has expired will incur a late fee. The amount depends on the issuing bank but also increases with each passing day.
No; Boleto is only available for deposits.
Boleto Bancario is regulated by the Brazilian Federation of Banks and players paying online can trust the bank’s security measures. The risk is virtually zero if the user chooses to pay at a physical location.