Boleto Bancario casino deposits
Boleto online casinos are commonly found in Brazil, with this a popular method to pay at real money gambling sites. Boleto Bancario casinos essentially allow players to fund their online gambling accounts with cash. Residents of Brazil can purchase vouchers at retail stores or via an app and then recharge their Boleto casino account.
Our top Boleto casinos for 2020 are:
Top Boleto casinos in 2020
Boleto, officially known as Boleto Bancario, is a popular Brazilian cash-based casino payment method, which has a huge market share in the country.
In terms of gambling deposits, there are many online casinos that accept Boleto as a payment method, and it is easy to use. The following casinos all have Boleto payments available, or scroll down for further information about Boleto.
On top of the games selection, Boleto casinos will also be available across multiple platforms, including mobile, while often you will also be able to claim bonus offers just for joining.
The best Boleto bonus offers at gambling sites will usually involve you depositing and receiving something in return. For instance you might deposit R$1000 and have it matched at a rate of 100%, which would double your bankroll. It is also important to remember that some casino promotions will not be available to those depositing with Boleto, so make sure you read the terms and conditions.
Boleto gambling and presence in Brazil
Boleto is extremely popular in Brazil with a 15% market share among online payment methods. It is also the only real option for online spenders who don’t have a bank account, which is around 35% of citizens in Brazil.
How do Boleto casino payments work?
Once you understand how Boleto works, depositing real money to a Boleto casino site is easy. In short, Boleto is a voucher-based system which allows punters to exchange cash at shops, some banks and other retail outlets, online with internet banking or on mobile with a banking app.
Boleto then becomes like your digital credit card, or web wallet, which then allows you to pay for things like online casino deposits.
There are no credit limits on Boleto accounts, which is a handy plus for online gamblers, with the major downside being that the payment method is not instant. It can sometimes take 2-3 days for the money to hit your gambling account.
Other reasons to use Boleto include the safety net it provides, with only approved vendors supporting this method and it is approved by the bank of Brazil.
To have this payment method as a vendor is easy, with your store or e-business just needing to hold an account with Boleto Bancario. Online casinos based in other countries than Brazil use payment companies like Adyen to allow Boleto payments.
Boleto fees for gambling deposits
Boleto casinos one drawback is that they have relatively high fees in comparison to other services.
When Boleto gambling first became a thing the fees were somewhere between a whopping 6-8%, but we’re happy to report they are much lower at 2.99% of your entire transaction in 2020, depending on the exact service you are using.
For instance those using a voucher paid for in a retail outlet will be charged a flat fee of R4.90 when depositing to a casino with Boleto payments.
How long does a Boleto payment take?
With Boleto payments it can take up to three days for money to reach the vendor you have spent it at, which is not ideal for casino players who want to play instantly.
Basically this is because the merchant you spend the money at has to request the payment from the bank which originally took your deposit. This means there is some lag time between paying and your casino account being credited.
Verdict: Boleto casino deposits and are they safe?
Boleto gambling is safe and a recommended casino payment method for Brazilians. Playing at a casino with Boleto payments is great for those who don’t have a bank account, or access to the associated bank cards. It is a service similar to Paysafecard (top Paysafecard casino deposits) in that you make online payments with a prepaid voucher.