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.
The best and worst things about the Brazilian online casino deposit method.
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:
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.
Yes! When you pay with a boleto, you don’t provide any bank information on the internet and protect yourself from scams.
Yes! Just choose boleto as the paying method, print it and pay it at a bank agency, supermarket or ATM with cash.
No, you don’t have to pay any extra taxes when you use a boleto to deposit on a betting website.