Boleto Bancário Casino Payment Solution

History

Boleto Bancário is a cash payment system from Brazil regulated by the Central Bank of Brazil (FEBRABAN). It was launched in 1993 and is available in over 40,000 processing locations.

Boleto represents a printed ticket or a virtual voucher containing a barcode, payment details, and customer information — that’s all a user needs to complete a transaction. Boleto Bancários can be paid at ATMs, in banks, and via online banking systems. In fact, more than 3.7 billion transactions are generated using Boletos per year, or a quarter of total banking transfers.

Boleto Bamcario logo
Boletos are normally confirmed within two business days, which won’t work for casino players. However, new features, such as Boleto Flash, have been developed. These accelerated payment settlement systems can confirm paid Boletos in less than two hours on business days, thereby facilitating near-instant payments that casino players are accustomed to.

It’s worth noting that the system itself does not offer a refund option, not even if you complete the payment via your online banking.

Pros and Cons

Boleto Bancário has a tremendous market share in Brazil. In fact, a survey conducted by FEBRABAN in 2022 ranked Boleto fourth in the number of transactions (4.03 billion) and third in the value of the transactions ​​(R$ 5.3 trillion). However, there are also certain areas in which there’s room for improvement.

Pros

  • No bank account required
  • Anonymity
  • Small fees
  • Completely secure

Cons

  • No refunds
  • No withdrawals

How secure is Boleto Bancário for online casino transactions?

Operators that choose to integrate the Boleto Bancário system through SoftGamings will gain significant leverage in the growing Brazilian iGaming market.

The entire system works similarly to traditional wire transfers or cash payments. Here’s the entire procedure step by step:

  1. Customers choose Boleto from the list of casino deposit methods.
  2. They select the amount of the deposit.
  3. A Boleto voucher is generated automatically.
  4. Once users get the voucher, they can pay for it at ATMs, in local banks, or through online banking systems.
Even though Boleto Bancário incurs a small fee, it offers no risks of chargebacks, frauds, and fast settlement.

Regions

Boleto Bancário is a system that only works in Brazil and with Brazilian reals.

The advance of Senate Bill (PL) 442/91 may result in a broad legalisation of gambling in the country, giving operators access to one of the world’s potentially largest markets, which relies heavily on the use of Boleto Bancário.

Payment methods

Boleto Bancário is a payment method where players use the information written on a digital or printed voucher to complete a casino transaction, either electronically or at one of 40,000 ATMs, self-service terminals, cash machines, lottery shops, and other partner agencies.

Customer Support

The integration of the Boleto Bancário system through SoftGamings entails numerous benefits, including access to a 24/7 customer service team from SoftGamings, which can help you with any issues that may arise.

Security

As a cash-based payment system that does not require any banking details from the customer, Boleto Bancário maintains a high level of security. Each voucher has unique details that pertain to a particular customer. This reduces the risk of fraud and identity theft. Ultimately, there is no possibility of chargebacks for the operators, which adds to the overall safety of the system.

Licenses

Boleto Bancário is licensed and regulated by the Central Bank of Brazil (FEBRABAN), which guarantees that the system abides by the financial regulations of the country, including AML and KYC policies.

FAQ

Why integrate Boleto Bancário into an online casino?

Boleto Bancário is one of the most popular payment methods in Brazil, providing a secure and efficient way to transfer funds. Its popularity and local market dominance make it a preferred choice for online casinos targeting the Brazilian audience. Moreover, it allows players who don’t have access to traditional banking systems or prefer not to use them for online transactions to participate in online gaming.

How secure is Boleto Bancário for online casino transactions?

Boleto Bancário prioritises the security of its users. All transactions are protected through secure data encryption, ensuring the safety and confidentiality of users’ financial information. Moreover, since it operates like a cash payment or a bank wire transfer, users don’t need to share sensitive bank account or credit card details with the casino, which enhances transaction security.

Does Boleto Bancário hold any licenses or certifications?

Yes, Boleto Bancário is regulated by the Central Bank of Brazil, which ensures that it adheres to strict financial standards and security protocols. Furthermore, each issuing bank for Boleto Bancário is also licensed and regulated by the same authority, which adds an additional layer of security and reliability to the payment method.

What are some other important features of Boleto Bancário?

Boleto Bancário is unique, as it provides a bridge between online transactions and cash payments. It is particularly advantageous for users who prefer not to use digital payment methods because it allows them to pay for their online transactions in cash at any bank branch, lottery kiosk, or through internet banking.