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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.
