Boleto Bancanario, called just Boleto for short, is one of the most popular payment methods in Brazil, regulated by the Brazilian Federation of Banks.
Boleto means a “bank slip” or “ticket”, and the easiest way to wrap your head around it is to think of boleto as a prepaid voucher used for making online and cash payments. Below, you will find information on how to use Boleto for making deposits at online casinos accepting Brazilian players.
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When you decide to use Boleto for casino deposits, you need a pre-filled form issued by a Brazilian bank. This form i.e the Boleto, contains information about the recipient, date of issue, date of expiration, etc. There is also a barcode that contains the same information and can be scanned at land-based establishments.
You need to print out the Boleto and the amount due needs to be paid in cash. Alternatively, you can pay via your online banking. Then, the bank that has issued the Boleto proceeds with the transaction and sends the amount to the recipient.
What makes Boleto the top choice of Brazilian casino players is the high level of security it ensures. Technically, Boleto payments are anonymous.
It takes up to 3 business days for the amount to appear in your casino account, which is the biggest drawback of Boleto as a casino deposit method.
Withdrawals to Boleto are not possible. You will have to consult with the customer support agents to find out what’s casino policy regarding payment methods that do not support withdrawals.
Online casinos do not charge fees for Boleto deposits.
Boleto is a popular payment method in Brazil.
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Pettie Iv / Head of content
Last updated: 3 May 2020
