Boleto Bancario is an online payment solution that allows online casinos to receive payments from Brazilian players. Through it, any player with access to a local bank that participates with Boleto Bancario can send money to the casino without providing any of their financial information online. Currently Boleto is accepted at nearly 20 different online casinos.
Using Boleto Bancario
In order to use Boleto Bancario, you'll simply need to be a resident of Brazil with local access to a bank or other merchant participating in the Boleto Bancario program. It is unique in that it allows players to purchase online casino credits with physical cash rather than a credit card or other electronic transfer method.
Depositing with Boleto Bancario
In order to make your deposit with Boleto Bancario, you'll first need to check and make sure your casino accepts it as a payment method. Go to the cashier and look for Boleto Bancario as a payment method. If you find it, click it and choose how much you wish to deposit. You'll then be presented with a bank slip that you can present to any participating local merchant and pay with cash. If you have online banking, you can also conduct the transaction with the information on the slip through your secure bank website.
Boleto Bancario will charge a fee that typically ranges from 6%-8% for the service. After the funds reach the casino's merchant account, they will need to be manually credited to your account. You may want to inquire about how long this takes at your casino before you initiate the deposit process.
Advantages of Boleto Bancario
Boleto Bancario is certainly one of the safest ways of adding funds to your online casino account. If you are a resident of Brazil and are looking for a way to fund your account without providing any credit card or bank information, this is one method you will strongly want to consider. Since you can conduct the transaction completely in-person with cash, there is no risk of you losing your sensitive information.
Disadvantages of Boleto Bancario
One major drawback to using Boleto Bancario is the fact that it is not instant. Unlike the case is with most other payment methods, you will need to wait one or more business days before your deposit will be available for play. The amount of time it takes to process your payment will vary from casino to casino, so we strongly encourage you to ask in advance so you can have a general idea. Customer support may be able to give you a more exact timeframe once you conduct the deposit.
Additionally, Boleto Bancario is fairly expensive compared to other methods. A 6%-8% fee can considerably reduce the amount you have available in your bankroll to play. Only use Boleto Bancario if you understand the costs and prefer paying these fees to using an alternative.