Online casino players are always looking for efficient and secure payment methods to fund their online casino accounts. There are many popular online payment processors but sometimes your preferred payment processor may not be available in your country or has exuberant money transfer fees. If you are from Brazil, you can count on Boleto to provide very safe and secure online live dealer casinos payments and transfers. Boleto is highly popular in Brazil that it processes almost 4 billion transactions every year and is responsible for about ¼ of all online funds transfers in Brazil.
Boleto is known as one of the most popular online payment methods in Brazil for several reasons. But first, let’s find out more about the company. Also known as Boleto Bancário, which literally means bank ticket, the service was introduced in 1993 by FEBRABAN or Brazilian Federation of Banks. It was well-received by consumers that it became widely-used for online funds transfers. The service has many advantages, one of which is the fact that one does not have to open or have a bank account to send money. It makes money transfers easy and convenient for millions of Brazilian customers who use the service to send payments for online purchases and online transactions including sending payments to an online casino.
Depositing funds at an online casino is easy and simple with Boleto. In order to transfer funds to your online account, you just need to perform a few steps.
1. Visit your preferred online casino and proceed to the payments section. Make sure that your chosen gambling site accepts Boleto money transfers.
2. Key in the amount that you want to transfer and your Brazilian tax ID or CPF.
3. You will receive an invoice from Boleto bearing a code with 44 digits, including information about the transaction and the validity date.
4. Pay for the transaction either through cash or by making a payment through your online banking account. If you want to pay for the transaction in cash, you should print the invoice sent by Boleto and proceed to the bank branch to submit the payment. You can also log in to your bank’s online banking platform or at the nearest ATM to send the payment.
For the first option, you will not need a bank account to perform a payment but the amount may reflect in your online casino account after a few days. If you don’t like waiting for a few days, you should opt for PagBrasil’s Boleto Flash payment option. The average waiting time is about 2 hours on a regular business day and the funds will be available in your online casino account. Keep in mind that you should make the payment before the Boleto invoice expires, otherwise, you will have to obtain a new invoice for payment.
Boleto does not charge any fees to its clients when making a deposit at an online casino but you may still be charged by online casino operators with a small amount, about 1 to 12 Brazilian Real.
As mentioned earlier, when making an online payment through Boleto, you will need to provide your tax ID to proceed with the transaction. Your tax information will not be disclosed in any way when using Boleto. However, in 2017, the company has required the online merchants receiving payments to submit the clients’ tax identification to its New Billing Platform. This is applicable to all forms of money transfers and payments in an attempt to become more transparent.
Boleto offers plenty of advantages to clients using the service to fund their online gambling account. However, there are also drawbacks that you need to consider. Check out the advantages and disadvantages in order to make an informed decision.
Since Boleto is a very popular payment processor in Brazil, you don’t have to worry about finding a bank or shop that will take your payment.
Unlike other payment processors where you need to have a bank account or credit card to perform a transaction, there are no such requirements to use Boleto.
Boleto utilized the highest security measures to provide the utmost safety and security to its clients.
Depending on how you will pay your Boleto invoice, you may incur some charges, which are, however, very minimal. It may take a few days to see the funds in your online casino balance, so Boleto may not be the best option if you prefer instant deposits and payments.
You cannot use Boleto to withdraw funds from your online casino balance. You will have to turn to other payment processors if you want to redeem your money.
Since the user should submit their Brazilian tax ID when depositing through Boleto, this option is not suitable for those not residing in Brazil.
The minimum amount accepted for deposit is $10 up to $1000 (BRL equivalent).
There are some casinos who do not allow Boleto payments so make sure that the online casino you choose to play at accepts players from Brazil.
Yes, you can use Boleto to deposit payments at mobile casinos provided the mobile casino accepts players residing in Brazil.
Boleto is highly recommended if you are residing in Brazil since you can easily make payments to an online casino even without a bank account for as long as you have a Brazilian tax ID. Boleto lets online casinos from Brazil to enjoy their favorite casino games online through a secure online payment method. Sending payments through Boleto is simple and safe. You can also get great rewards and bonuses from online casinos that accept Boleto transfers!