Boleto Bancário, usually simply referred to as “Boleto”) is a highly popular electronic payment system in Brazil, once introduced by an association of Brazilian banks and used on a daily basis by millions of Brazilian customers. Nowadays the system is regulated by the Brazilian Federation of Banks (FEBRABAN) and per month no less than 50 million boleto payments are processed. A Boleto Bancário (literally meaning “bank slip” or “bank ticket”) allows Brazilian citizens to pay bills, make a payment or transfer money electronically, while funding these transactions with cash. Learn all there is to know about Boleto Bancário on this page.
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Type of payment: Cash deposit
Boleto Bancário is a payment system that, in its essence, converts a deposit of cash money into an electronic payment transaction by the use of a bank slip (the boleto). The functioning of the boleto is best explained by an example:
When choosing for Boleto as the payment option on the payment page of a website a pre-filled form, the boleto, issued by a certain Brazilian bank will appear;
The boleto holds information about the amount and the recipient of the payment, the payment ID, date of issue and, quite important, the date of expiration of the boleto. On the bottom there’s a 44 digit bar code holding the same information;
This form needs to be printed out and taken to a bank, post office, national lottery agency or retailer accepting the boleto payments , where the barcode is read and the amount due has to be paid in cash money;
The payer receives a part of the boleto bank slip, together with a payment receit that confirms the payment is made;
The bank as issuer of the boleto further processes the transaction and deposits the payment on the account of the designated recipient.
Logically nowadays Boleto Bancários can also be paid by internet banking and at ATMs, or with a (Brazilian) credit- or bank card at one of the above mentioned boleto processing entities.
The boletos are issued with an expiry date after which the form cannot be used anymore to fulfill the payment. In that case a new boleto needs to be created.
After the Boleto is paid it typically takes up to 3 banking days for the bank to process and complete the transfer. The bank will notify the recipient, thus confirming the payment was credited to his or her account, and the recipient in turn will notify the payer and deliver the goods and / or services purchased.
Boleto Bancario is a safe way to make payments, both electronically (by paying with internet banking) and manually (by paying the boleto with cash). On top of this transfers made using the system are completely anonymous: payers don’t even have to identify themselves at the moment of paying the Boleto in a bank or elsewhere.
Paying in an online casino with Boleto Bancário is very simple: just choose Boleto Bancário as payment option, complete and / or check the payment details of the boleto, confirm the payment and either print out the form to pay the Boleto at a bank or pay it by using your internet banking account.
The time before the deposited funds are available on the casino account depends on the method used to pay the Boleto and the processing time of the bank that issued the Boleto. Normally the Boleto payment is completed within 3 days.
It’s not possible to withdraw funds from online casino accounts by using the Boleto Bancário system.
The main advantages of Boleto Bancário as a deposit option in an online casino are:
There are several disadvantages that can be discovered regarding using Boleto a s an online casino depositing option:
All Netent Casinos that are listed in our guide and that accept deposits made with Boleto Bancário can be found in the side bar of this page.
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