The most popular deposit method for betting in Brazil is Boleto Bancario. It is widely used by gamblers because of the ease to fund your sportsbook account and bet on your favorite events. Our guide will show you how to use securely Boleto Bancario for online betting and casino.
Boleto is a push payment system regulated by the Central Bank of Brazil making it secure for online gambling transactions. It offers a flexible ticket system which can be paid in both cash and online. Specifically, Boleto could be purchased via all Brazilian ATMs, or any Post Office and Lottery agent in Brazil. Furthermore, some resellers are using Boleto PHP system that allows them to resell unregistered Boleto tickets without communicating with the bank.
Since its establishment in 1993, Boleto became the Brazilian market leader for online casino transactions accounting for more than 25% of all betting related deposits.
Every Boleto has a due date by which it could be used for betting, after its due date its amount will be paid only by the issuing bank.
Although that the preferred means of payments for boleto are cash transactions in banks and supermarkets, some bettors use online banking or wire transfers for their deposits.
Features of Boleto Bancario
First, Boleto will work only from Brazil, so unless you have the physical ticket with you, any attempt to use it from abroad will most likely fail. When depositing, bettors are handed a payment slip to fill out, then you can either print it and pay it at any bank or supermarket or just do it online.
Although that Boleto Bancario does not offer refunds itself, payment providers such as pagbrasil.com can facilitate refunds to your bank account in about 24 hours via their API system.
Payment confirmation of any Boleto will usually take between 2-3 days but if you want a faster confirmation you can use Boleto Flash service by PagBrazil.com and be able to confirm your payment within two hours.
How to deposit with Boleto?
Choose your betting site and remember that all self-respected Brazilian betting websites offer Boleto Bancario as their payment provider. For my explanatory purposes I chose to deposit and play in CampoBet.com as they offer 100% Welcome Bonus up to 100 Euros and 5 Euros Free Bet when you join their Telegram group.
First step is to log in in Campobet.com and click on your balance, then the following page shown on the picture will show up. You must select Boleto as your payment method and hit the green button to proceed.
Picture above shows how to deposit in campobet.com via Boleto Bancario in Brazil.
The second step to deposit successfully at your sportsbook site is to choose the amount and hit the green deposit button as shown on the picture underneath.
All you need to do now, is to enter your Boleto Bancario details and enjoy your sports betting.
Picture above shows an example of a Boleto Bancario ticket.
Advantages of Boleto Bancario for Betting
- No need to use debit or credit cards or even bank account
- You can pay in cash in any bank, supermarket, or ATM
- 100% secure as its regulated by Bank of Brazil
- Control your online spending (you cannot spend more than the value of Boleto)
- Boleto Flash offers unique automated refunds within two hours.
To summarize, Boleto is the most popular online betting payment gateway in Brazil with more than 25% market share. Gamblers like it because it is secure, and they can use cash instead of debit or credit cards. There is no need to have a bank account and transactions are processed everywhere in Brazil from highway banks to supermarkets and even ATMs. Boleto is popular for charging betting accounts, crypto sites and for anything else you might think of when in Brazil.