Boleto Logo
company FEBRABAN (Brazilian Federation of Banks)
map Brazil
calendar 1993
check-circle 40,000,000+
wallet R$1-R$12
superb

CBM Rating

Superb

82.75%
reputation
86%
availability1
74%
wallet1
88%
lock
91%
headphones
0%
like
dislike
  • Delayed transactions
  • Withdrawals not supported
superb

CBM Rating

Superb

82.75%

Boleto Bancario Review & Best Boleto Casinos

Last updated: 15 June 2021

CasinoBankingMethods.com goes local with a comprehensive review of the payment method called Boleto Bancario. If you are not from Brazil, then it is very likely that you haven’t heard of this casino banking option. No time for regret, because we will be diving into this creative and convenient system right here on this page. CBM offers you a detailed breakdown on the subject of Boleto Bancario and includes the shortlist for the best Boleto Bancario casinos and bonus deals.

Top Casinos That Accept Boleto Bancario Deposits

Boleto Bancario is a delicate payment method that only works under certain conditions, which is why you will not find it at every other casino site. The list of casinos online that accept this method is a list of web locations that specifically target Brazilian players. There are some big names on it, and there are some underdogs and niche sites. The best of them are presented below.

filter Filter
Select by Market

Bitstarz

91.00%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to 1 BTC
cherry 180 Free Spins
  • Excellent track record
  • Very fast withdrawals
  • 170+ live dealer tables

BetWinner

89.83%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €300
  • 6,500+ casino games
  • 200+ live dealer tables
  • 140+ payment methods

22Bet

89.67%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €300
  • Over 6,500 games
  • 300+ live dealer games
  • Stunning array of banking options

Royal Panda

89.00%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to £100
cherry 10 Free Spins
  • Impeccable reputation
  • Fast cashouts
  • Impressive live casino

Nomini

88.50%

18 + | New Customers Only |

T&C Apply
money-bag 10% Cashback up to €200
  • Great selection of banking options
  • Two Cashback offers
  • 7 bonuses to choose from

Betsson

88.50%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €200
cherry 100 Free Spins
  • Highly reputable casino
  • Exclusive games
  • Premium banking options

888 Casino

87.67%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €140
cherry €20 Free Spins
  • 10 gaming licences
  • In business since 1997
  • Top-notch live casino

Sportsbet.io

87.33%

18 + | New Customers Only |

T&C Apply
money-bag No Casino Bonus
  • Free crypto payments
  • High limits
  • Excellent promotional offers

Wazamba

87.17%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €500
cherry 200 Free Spins
  • High game variety
  • Many bonuses
  • Stable cashier

Frank & Fred

86.67%

18 + | New Customers Only |

T&C Apply
money-bag 100% up to €100
cherry 300 Free Spins
  • High cashout limits
  • Weekend withdrawals
  • Very good reputation

Company Background

Book icon

Boleto Bancario is not a novelty by any means; it is a concept that has existed since the early 1990s. It is often referred to as simply “boleto” which translates to “ticket”. The solution represents a system of invoice payments that works similarly to wire transfers or cash payment methods.

The Boleto is, technically, a payment slip and its operations are regulated by the Brazilian Federation of Banks (FEBRABAN). As a user of a Boleto slip, or a Boleto ticket, you can print it and pay the amount specified at any bank branch or at other authorised processors (drugstores, supermarkets, lottery agencies and post offices). It can also be paid electronically, at any of the 48,000+ ATMs in Brazil, as well as through internet banking or mobile banking apps.

Boleto entered a strategic partnership with one of the leading fintech companies in the country, EBANX, in 2014. The solution is also closely related to the Sistema de Pagamentos Brasileiro (Brazilian Payment System), known as SPB. The main entities involved in the Boleto proforma invoice are bank, sacado (client) and cedente (merchant, in this case, an online casino operator). The bank issues or collects payments, the client pays the ticket and the merchant issues the Boleto. Simple as that!

Target Markets

Target icon

While various digital payment systems tend to cover multiple regions around the globe, Boleto Bancario emerges as a unique solution offered solely to residents of Brazil. Brazil is the largest national economy in Latin America and the world’s eighth-largest economy. There are more than 207 million people living in Brazil, which undeniably makes it a huge market and a suitable soil for a payment solution that does not require the use of credit cards (two thirds of Brazilians do not own a credit card).

The consumers have the option to pay in their local currency via their own bank account or in-person with cash. Over time, Boleto became nearly a cultural thing in Brazil. It exploits the full potential of the national market by allowing users to pay anything from their rent and utilities to shopping for appliances online or playing online casino games. If you are looking for a convenient online banking method but don’t live in Brazil, CBM presents plenty of alternative options, depending on where you are located.

How to Set Up a Boleto Bancario Account: Step by Step Guide

One does not need to have a Boleto account to pay via the Boleto payment method. However, there are some requirements and guidelines you should know about before you jump onto the train towards Boletoland.

  1. Only Brazilian residents can deposit at online casinos with Boleto

    To be able to request a Boleto payment slip, you need a valid 11-digit Cadastro de Pessoas Físicas number (CPF number), which is a unique tax identifier for residents of Brazil. This number is assigned by the Brazilian revenue agency to both Brazilians and resident aliens who are subject to taxes in Brazil.

  2. Boletos can be virtual and physical

    The Boleto slip can exist as an electronic invoice or a printed voucher, it is entirely up to you to decide whether you want to pay the amount on the ticket in cash or through online banking. The ticket will be pre-filled with your personal information, provided that you have an account with the issuing bank. Otherwise, you’ll provide the necessary information, including, of course, the amount you want to credit to a merchant – your online casino account, in this case.

  3. Two ways of paying the Boleto charge

    After you have received a filled-in Boleto slip, you can choose to print it out on a piece of paper and take it to a bank and pay the amount using cash or even a credit card if you want. Other eligible venues include ATMs, lottery stands, supermarkets and post office establishments. This is a fitting option for users that do not hold a bank account or simply do not want to deal with entering account or card credentials.

    It is also possible to pay the voucher online with internet banking. Most banking apps make it possible to scan the barcode, but if you are doing it over a desktop, simply enter the barcode where required to schedule the payment. In that case, a payment receipt will be generated.

    Boleto Bancario payments can be carried out in Brazilian local currency, the Brazilian real (BRL).

Available Currencies

Brazilian Real icon

BRL

Casino Deposits and Withdrawals

Withdrawal icon

As long as the casino you have chosen supports Boleto deposits, you can easily carry out a payment and top up your gambling balance using this method. Just select Boleto among available payment options and enter the desired deposit amount. Confirm the deposit and make sure to enter your 11-digit CPF to proceed towards getting your Boleto Bancario voucher.

The voucher will be delivered to your email, along with the expiry date you can use to your benefit by going to a bank branch or retail outlet with a printed copy of the slip before it expires and paying the designated amount. It will take a day or two for the sum to be credited to your online gambling account.

As for withdrawals, Boleto Bancario is not suitable for these types of transactions. You will not be able to cash out since the Boleto system isn’t capable of receiving and storing money. It can help you redirect money from your bank account or make a simple cash deposit to set up a gaming balance, but not withdraw your winnings. Feel free to use an alternative method for that.

Detailed Overview of Transaction Fees

Overview icon

As we’ve established earlier, Boleto is a cash payment method, so there is a 0% chargeback fee and you do not face any fraud risk. Now, keep in mind that banks will charge a fee over every Boleto slip paid by the client. This fee varies from R$1 to R$12 depending on the bank. If the collecting is registered, then the bank will also charge a fee for every issued Boleto, regardless of whether it was paid or not. That being said, unregistered collection was more suitable and more affordable for online transactions, but since 2017 all issued Boleto slips need to be registered.

Another thing worth mentioning is that the client has to pay a fee that increases by the day if the slip is paid after the expiry date and its value varies from bank to bank. The casinos do not usually charge any additional fees for the use of Boleto.

Timeframes for Boleto Bancario Payments at Online Casinos

Time icon

Once you pay the clean cash amount at a brick and mortar venue (ATM, post office, supermarket, etc.) or you make the payment through your online banking service, the confirmation period for the transfer to be eventually credited is usually between 1-2 business days.

The payment settlement is certainly faster in comparison to credit cards, but compared to electronic wallets it takes significantly longer. Statistics confirm that more than 93% of completed Boleto transactions are paid within the first 3 days of submission, although some casinos keep an open possibility for the transaction to last 3-5 business days.

Deposit and Withdrawal Limits

Limits icon

Boleto Bancario is an offline bank transfer that has no upper limit. However, you may encounter some limitations imposed by the casino you are playing at. For instance, Bet365 currently offers deposits with Boleto payments cleared in 1-3 days. The minimum deposit amount using Boleto Bancario at this site is $30, while the maximum is $4,000.

Other sites will likely allow a BRL equivalent of $10 as the minimum deposit amount. The limits can vary greatly from one site to another, so make sure to check these conditions before you initiate the transfer. Keep in mind, the process can’t be reversed, so be extra careful.

Best Boleto Bancario Casino Bonus

Boleto isn’t exactly the primary bonus-bait payment method, but payments made with it qualify for casino bonuses. The eligible offers are scattered around the hundreds of online casinos that accept Boleto, but worry not – we have identified them and ranked them. Since Boleto casino deposits take more than a day to get credited, any bonus offers that expire the same day cannot be claimed with Boleto Bancario. On the other hand, a lot of welcome bonuses can be redeemed with a Boleto slip. If you encounter any trouble while claiming any bonuses, feel free to reach out to the casino’s support team, because sometimes they may need to grant you the bonus manually. Here’s a list of the top CBM bonuses for you to enjoy.

10% Cashback up to €200
Get Bonus
Nomini

Cashback

Not needed

1x

Ongoing

€50

No maximum

88%

Up To €100 Live Blackjack Bonus
Get Bonus
Up To €100 Live Blackjack Bonus

Free Play

Not needed

30x

Ongoing

No minimum

€500

84%

Live Roulette Daily Lucky 8
Get Bonus
Live Roulette Daily Lucky 8

Deposit

Not required

30x

Ongoing

€8

€500

84%

100% up to €140 + €20 Free Spins
Get Bonus
888 Casino

Deposit

Free Play

Not needed

30x B

Ongoing

€500

83%

100% up to €500 + 200 Free Spins
Get Bonus
Wazamba

Welcome Package

Not needed

35x

Ongoing

€20

No maximum

81%

100% up to €200 + 100 Free Spins
Get Bonus
Betsson

Deposit

Not needed

35xB (25x FS)

Ongoing

€10

No maximum

80%

100% up to £100 + 10 Free Spins
Get Bonus
Royal Panda

Deposit

Free Spins

Not needed

35x B

Ongoing

€10

No maximum

78%

100% up to 1 BTC + 180 Free Spins
Get Bonus
Bitstarz

Deposit

Welcome Package

Not needed

40x B

Ongoing

€20 (0.006 BTC)

No maximum

75%

Security

Banking security icon

The fact that Boleto operations are regulated by the Brazilian Federation of Banks is quite reassuring in the sense that the cash payment process is followed by top-notch safety measures. You can’t verify a transaction without your CPF and every slip comes with a unique barcode and ID number, which means there are no two Boletos made equal.

Furthermore, the FEBRABAN issued a guide on their website for users to determine whether the bar code on their Boleto matches the bank prefix or not. The list on the FEBRABAN website has all the bank prefixes in Brazil. If you are paying through online banking, know that most Brazilian banks require online banking customers to install a security plug-in designed to help block malware attacks.

Customer Support

working-hours
Working Hours

Mon-Fri: N/A

Weekend: N/A

mail
Email

N/A

comments
Chat

N/A

mobile
Phone

N/A

Due to the unusual structure and concept of Boleto Bancario, there is no one place you can turn to for support regarding using this method. The FEBRABAN website has a contact form and a virtual assistant, and the Brazil Central Bank also offers the possibility to fill in a contact form on the site or go through a FAQs section looking for answers. Most of the time, you will be reaching out to the casino’s customer support team or the entity/institution that issued the slip.

Player Experiences

Boletos account for roughly 23% of all online transactions in Brazil (they are classified as cash payments), so their popularity is undisputed. We have found no traces of online casino players being dissatisfied with the service. On the contrary, whenever available, Boleto Bancario provides Brazilians with a trusted local method of funding their gaming accounts.

Extra Features

The EBANX Boleto is an exclusive version of the standard Boleto Bancário and was created to better convert customers. With the standard slip, customers tend to either forget to pay the Boleto or later choose they no longer want to finalise the purchase. With automatic email & SMS reminders sent by the EBANX team and the ability to pay the ticket using the EBANX e-Wallet funds, the EBANX Boleto has a significantly higher conversion rate than the original format. EBANX Boleto enables payment confirmation in one business day, while the EBANX Instant Boleto enables payment confirmation within 15 minutes.

PagBrasil is an online payments platform that also issues a speedy Boleto version, Boleto Flash. If you solicit for this slip, you will receive the payment confirmation within a couple of hours on the same day.

Mobile Capability

android ios

Brazil is quite advanced when it comes to the use of online and mobile banking. Stats show that 55% of all bank transactions come from mobile and internet banking. What’s even more interesting is that about 30% of Boleto Bancario transactions originate on a mobile device, and this percentage is only expected to grow.
So, bottom line, yes – you can deposit at mobile casinos using Boleto slips.

All you need to do is go to your chosen mobile casino and pick Boleto from the choice of available banking options. You can pay for the automatically generated ticket on the go using your online banking app, or save a copy of the Boleto on your smartphone, print it out and settle the sum at a physical location of your choice.

Interesting Facts

  • Boleto Bancario merchants (online casinos) have a huge advantage in the Brazilian market compared to regular credit/debit card casinos. Out of the 66% of Brazilians who own a credit card, just 19% own an international credit card. So, if you only offer credit card as a payment option on your site, 81% of Brazilians can’t play with you.
  • Nearly every Brazilian adult uses Boleto at least once a month to pay rent or a utility bill, making it comfortably familiar.
  • In a recent study conducted by EBANX among Brazilians on the influence of COVID-19 on their purchasing habits, 89% of respondents say they won’t change the payment method used for purchases on international websites, they will keep paying with Boleto Bancario.
  • For foreign companies, it is necessary to have a local service provider to be able to accept Boleto payments. For example, you can pay using Boleto Bancario in the Skype web store, the Skype application or Skype Manager, pay for Skype Credit or subscriptions, all of that through the GT Group and GlobalCollect.
  • Each Boleto comes with an expiry date. Before that date it can be paid in at ATMs, bank branches, the Post Office, lottery agents and some supermarkets, as well as through internet banking. After the date has expired, it can only be paid at a branch of the issuing bank.
  • FIFA used Boleto Bancario in local operations during the 2014 World Cup held in Brazil.
  • According to PagBrazil, Boleto Bancario processes over 3.7 billion payments each year. At Brazil’s current population, that is an average of 17 Boleto payments per person, and accounts for approximately 25% of all online payment transactions.
  • The Boleto Bancário system does not process refunds. Boletos expire at the close of the Brazilian banking day, which is between 7:00 PM and 9:00 PM Brazilian local time. If the Boleto Bancário expiration date falls on a non-banking day, it is extended until the end of the next banking day.

FAQ

Boleto Bancario is only good for making deposits. For withdrawals, players need to have an alternate choice standing by.

Casinos online accepting Boleto Bancario do not usually charge any fees for using this method. You do need to keep in mind the potential fees charged by your Brazilian bank, which usually range from R$1 to R$12.

Boleto is generally considered a secure payment option, especially for consumers who are unbanked or who do not wish to release their credit card details online. Each slip is unique and safeguarded by the firewalls enabled by your online banking service. They are completely out of reach for hackers if paid in cash offline.

Boleto Bancario is only available in Brazil.

Withdrawals from online casino accounts are not possible with Boleto Bancario. Deposits take between 1 and 3 days, typically.

Boleto Bancario is a service regulated by the Brazilian Federation of Banks (FEBRABAN).

You cannot store any money on a Boleto Bancario slip. Therefore, you can’t make withdrawals from Boleto Bancario. You can withdraw money from your bank account in the standard bank cash-out procedure, online, via bank mobile app, or offline, at one of the bank branch offices.

To be able to use Boleto Bancario, you need to make the payments using the Brazilian real. Should you want to convert these funds into another currency, conversion fees imposed by the casino or your bank may apply.

Similar Banking Methods

76%
Inovapay logo
Review & Best Casinos
  • Tailored to LATAM players
  • Instant casino deposits
  • Casino withdrawals supported
Read Review
83%
PicPay logo
Review & Best Casinos
  • Easy to use, mobile-friendly
  • Outstanding option for Brazilian
  • Cashback loyalty program
Read Review
89%
MuchBetter logo
Review & Best Casinos
  • Available around the globe
  • Designed with iGaming focus
  • Quick casino deposits & withdrawals
Read Review
83%
PIX logo
Review & Best Casinos
  • Instant deposits
  • High level of security
  • Developed by Banco do Brasil
Read Review
arrow