Boleto Bancário Online Casino Deposit Methods
Boleto Bancário, commonly known as “Boleto”, is regulated by Febraban and is a Brazilian cash payment method, with a 15% market share. It is also the only payment method available to the 35% of buyers who do not have a bank account.
The payment is made with a voucher that is issued during the payment process and is paid in a Brazilian bank or in a participating establishment, online with the electronic banking or from a cell phone with a banking application.
In Brazil the use of Boleto Bancário is quite common, since not everyone has a bank account in Brazil. Payments can be made through ATMs, lottery stores, supermarkets or electronic banking. It is the solution to the insecurity caused by cyber-criminals who have carried out numerous attacks in Brazil.
How Boleto Bancário works
It is a very simple payment method, the mechanics are the same as a bank transfer, if you want to pay in cash you just have to print the ticket that comes, previously filled in and pay physically in bank branches and stores.
The ticket has a bar code which is scanned and all the information about the ticket is obtained. Many Brazilians still don’t trust online shopping for fear of fraud so it’s a solution for this gap. Anyone with a bank account can use the boleto bancário.
Boleto Bancário: Advantages and disadvantages
Pros
- It is a secure method of payment.
- Easy to use.
- Anyone with a bank account can use the boleto bancário.
Cons
- Only generally accepted in Brazil
- You have to physically move to a payment point
