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Online Gambling with Boleto in Brazil

Posted by Sean Love on
Last updated:

Boleto Bancário, or simply “boleto”, is the most popular paying method in Brazil and is used for utility payments, rent and e-commerce. The word ‘boleto’ literally means ‘ticket’ – that can be either a printed or virtual voucher. It’s a payment system which was launched in 1993 by the Central Bank of Brazil and generates almost four billion transactions per year.

Best Online Casinos Accepting Boleto

If you want to gamble online using Boleto, you’ll want a safe, secure site that processes Boleto deposits and withdrawals quickly. Here are our favorite Brazilian online casinos that accept Boleto:

Pros and Cons of Using Boleto

The best and worst things about the Brazilian online casino deposit method.

Pros of Boleto

  • Industry leading security
  • You don't share bank information
  • Bank account / credit card are NOT required

Cons of Boleto

  • Deposit wait times up to 3 days

How to Pay with a Boleto

There’s a reason behind the popularity of boletos: it is a very easy and simple deposit method. Here’s how you can use it step by step:

  1. First, pick your favorite betting website from our list and create an account.
  2. When the deposit method prompts up, choose “Boleto Bancário”.
  3. Insert the amount of money you want to deposit.
  4. After confirming, the website will generate a boleto with all the information you need and the barcode.
  5. With the boleto ready, you have two options: print and pay at in a bank, ATM, supermarket, and the like, or scan the barcode with your cell phone and pay it with a mobile banking app.
  6. After the transfer is confirmed, you’ll receive the credit on your favorite website.

Why are Boletos So Popular in Brazil?

The first reason is the reliability attached to it after almost 30 years of experience. In other words, Brazilians know that the transfer will be succeeded if they pay using this method. The boleto will always have a barcode, a corresponding serial number, transaction amount, issuing bank code, customer information, description and expiration date.

It’s also very simple to use: the customer has the option of either printing the form and paying it physically at a bank, at authorized venues – such as supermarkets, drugstores and post offices – electronically, at one of the hundreds of thousands ATMs in Brazil, via internet banking or mobile banking apps.

Boleto Frequently Asked Questions

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