Introduction
Boleto Bancario is a massively popular payment method in Brazil and is responsible for 15% of online transactions in the country. Therefore, any casino targeting Brazilian players must offer this banking option. While deposits can take a couple of days to be credited, the safety of this method still makes it worth it. It also allows those in Brazil without a bank account – which is a large percentage of the population – to still make payments easily.
We’re going to reveal everything you need to know about this payment method on this comprehensive page. After reading, you’ll be more than ready to use this payment method at one of Brazil’s top online casino websites.
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Getting Started
To start using this payment, you will only need one of two things: a CPF (individual taxpayer identification number – 11 digits) or a CNP number (Business taxpayer identification number – 14 digits). The former of these is a unique code given to every Brazilian taxpayer. The latter is a code issued to companies, so this is unlikely to be used by those making transactions at online gambling sites. Once the relevant number has been located, there’s nothing else stopping you from starting to deposit using this handy payment method.
Casino Deposits
To start a deposit, you’ll first need to get online and head to an online casino accepting this payment method. Then sign in to your account and head to the Boleto Bancario payment method. A form then appears, which is usually already filled in with most of the details needed. Download this form and fill in any details that might be missing. Keep this form safe, as it will be needed to complete the transaction.
There are then two options. Most will take this voucher and head to one of the 14,000+ locations, including all major banks and most ATMs, where payments of this type can be made. Simply head to the location, hand over the form and make the payment using cash. At ATMs, just follow the on-screen instructions. It will then take around three days for the money to be transferred over to the online casino account.
Alternatively…
…it’s possible to log in to your online banking account and pay in this way. Most banking apps will allow the barcode on the form to be scanned – if not, it’s easy to enter it manually. The payment is then made. It can take up to two days for the payment to be processed, however, this can be longer if using the system on a weekend. Of course, online banking isn’t used too often to pay with this method though.
Casino Withdrawals
It is not possible to withdraw money using this method. This can cause some issues, as for how are players with no bank account supposed to get their hands on any winnings? The only answer to this is by accepting payment via cheque – something that can take a long time to arrive, as well as time to process. It is also possible to withdraw using a credit/debit card belonging to a friend or family member, however, this is only possible when you really trust the person receiving the payment on your behalf.
Advantages
The biggest advantage of this payment method is the fact that it’s the only way 35% of Brazilians can make online payments. This is because this number of Brazilians have no bank account. By offering this banking option, online casinos are ensuring that they have access to the widest possible player pool. There are no other services like Boleto Bancario found anywhere in the country.
There are also no fees for using this method, which is something we always like to see at online gambling sites. The website will be charged for accepting this transaction though. Because of this, you should be vigilant and check to ensure that the site is not transferring the fees over to you. Most of the best Brazilian online casinos don’t charge players for depositing using this method though.
There’s the fact that this is one of the securest ways to pay around. Even some people with bank accounts use it, as it means that they never have to enter their bank details online. The result? There’s no way the banking details can be hijacked by a third party. Of course, everyone playing at a casino we recommend can be sure that their details will be completely safe though, regardless of the payment method they decide to use.
Finally…
…it really isn’t hard to find a place to use this payment method. As previously mentioned, there are over 14,000 outlets accepting these payments, and they’re not just found in the biggest Brazilian cities. It’s pretty much guaranteed that any bank you enter will happily process payments of this type, plus even ATMs can be used to make payments. It’s possible to find places to use this method simply by searching online.
Disadvantages
The biggest disadvantage is really simple to point out: this payment method is a lot slower than most others. While alternative methods often lead to instant transactions, players will have to wait 2-3 days before the funds hit their online gambling account. This clearly means that players won’t be able to enjoy their favorite online slots and other games straight away. With some good prior planning though, the inconvenience of this payment method is lessened.
The other problem is that this system is only available to those playing at Brazilian casinos. Those in other countries, particularly countries in South America, might see this system and think it’s perfect for them. They’ll then find that they’re not eligible. It would be great if this service expanded, as there really is a need for it amongst countries where many people don’t have bank accounts.
FAQs
If there is ever an issue with a payment, you shouldn’t contact the payment company directly. Instead, you should speak to the bank or other institution used to send the payment. If this doesn’t work, contact the online casino.
Not for those who don’t have a bank account. This is because all other payment options need a bank account, including all e-wallets available to Brazilian players. The lack of alternatives explains why this is such a popular banking option in Brazil.
Yes, this company offers a fantastic mobile app for both iOS and Android users. This mobile app is completely free to download and ensures that mobile gamblers can make deposits incredibly easily. We’d recommend the mobile app very highly.
It is possible to make deposits as low as 20 BRL using this method, which is great for low stakes players. The most that can be paid in a single transaction using this payment method is 6,400 BRL, meaning that it doesn’t offer the biggest deposits around.
You can find plenty of Brazilian gambling sites accepting this payment method. To find the best of these, just look through the reviews we’ve created. These reviews have loads of information, including how good the different games are and how big the bonuses are.
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