History of Boleto and How it Works?
Boleto, often referred to as a ‘ticket,’ is a payment solution with a rich history dating back to the early 1990s. Governed by the Brazilian Federation of Banks (FEBRABAN), it functions like wire transfers or cash payments. In 2014, Boleto formed a strategic alliance with EBANX, a prominent Brazilian fintech firm that expanded the features and options to pay for Boleto vouchers.
Boleto now accounts for around 25% of all online payment transactions, and it is a must for doing business in Brazil, including depositing to online casinos.
As a user, you can print the Boleto and pay the specified amount at a bank branch or authorized processor. It can also be paid electronically at ATMs or via the internet and mobile banking apps.
More Details About Boleto
|📅 Founding years
|⏰ Processing time
|💳 Cards accepted
|Yes (electronic methods)
Boleto is one of the best choices for Brazilians making a deposit to an online casino. It’s quite fast, very secure, and simple to use.
Moreover, it’s very popular and widely accepted. The users from Brazil find it everywhere.
However, it doesn’t work for withdrawals, so you still have the cash-out method set and ready.