Boleto Bancário, commonly known as Boleto, is a popular Brazilian cash-based payment method with a 15% market share. It's also the only payment method available to 35% of online gamblers in Brazil who don't have a bank account.
Find Out Information About This Payment Method
Launched in 1993, the Boleto payment is an official Brazilian payment method regulated by the Central Bank of Brazil. Today, this payment generates 3.7 billion transactions per year. Account for about 25% of all online payment transactions in the Brazilian business market.
This payment is safe, convenient. Accordingly, you will receive a pre-filled Boleto banknote and authorization to pay directly through your bank account. Or you can go to any bank branch and present a Boleto voucher and make the payment in cash.
Here are the 8 Best Casinos of 2020 use this payment with the lowest withdrawal fees you should refer to:
- Royal Panda Silver Casino
- Silver Jetbull Casino
- 1XBET Silver Casino
- Silver Omni Casino
- Karamba Silver
- 22Bet Casino
- Alf Casino
- LibraBet Casino
Why Should You Use This Payment?
There are many reasons to explain this question. One of them is Boleto payment is simple to use and is especially secure both when payments are made electronically and through stores such as a bank branch or post office.
It protects your privacy as there is no need to exchange personal data between the payer and the receiver. Availability is another point in favor of a Boleto payment, with printed coupons paid out at a large number of stores across the country.
How Does It Work?
The payment process for Boleto payment transactions is similar to the methods of paying by bank transfer or cash. You will be provided with a pre-filled payment slip.
At this time, you have the option of printing the form and making payment directly at any bank branch or authorized processing facilities such as pharmacies, supermarkets, lottery agents, and post offices.
Besides, it can also be paid for electronically at any of the more than 48,000 ATMs in Brazil, as well as through online banking or mobile banking apps, which are widely used in the country.
Payment Confirmation
Generally, the Boleto payment is confirmed with a delay of two to three business days. However, they developed the Boleto Flash - an advanced form of payment that provides quick payment confirmation. With this unique technology, you can process payments in less than two hours on working days from Tuesday to Saturday.
The money is transferred within the same day so that you always get the money in your bank account within 24 hours. Besides, the Boleto payment system is also compatible with mobile devices. Supporting your mobile payments just got easier, as well as tablets and desktops.
Please note that this payment cannot be used for a withdrawal method.
Fees
There are no monthly fees to be charged for using this service, only fees arising from a particular transaction. They typically range from 1 to 12BRL, although some casinos may pay you this amount when the transaction is done online.
If you wait until the due date, the fee is also charged. Then this payment can only be paid at the issuing bank. Therefore, you need to carefully choose the casinos and banks attached to minimize the risks that are not worth it.
