Payments in Brazil have taken a significant shift over the years. The introduction of Internet banking and e-commerce pressured the need for simple payments. And like all other people, Brazilians seek a faster and more convenient way to pay.
But something that is yet to see much of a shift is Boleto payments. This localized payment method allows Brazilians to transact conveniently. It uses a ticketing system to facilitate day-to-day payments.
The icing on the cake is that it’s free to use and government-operated. It has managed to be used by Brazilian gamblers to wager online. With it, users can gamble in offshore casinos easily.
To help you understand how this banking solution works, we at Fast.bet have analyzed it in detail. Here’s a closer look at Boleto and Brazilian casinos accepting it.
| Company name | Brazilian Federation of Banks (FEBRABAN) |
| Website | http://www.febraban.org.br/ |
| Type | Prepaid card/Local |
| Country | Brazil |
| Casinos using it | 90+ |
| Deposit | 2 – 3 days |
| Fees | Deposit – 0% |
Boleto is an initiative by the federal government of Brazil. It operates through Febraban, an organization of bankers. It’s under the supervision of the Ministry of Finance and the IRS.
The word Boleto is Portuguese for tickets. So, basically, Boleto is a ticketing system for money transfers. The system operates just like in a bank transfer.
The payment method started in 1993 before the evolution of Internet banking. The system allowed people to bank their money and use it later conveniently.
Users deposit cash at the bank or appointed Boleto center. The bank or issuer gives a Boleto receipt that confirms the deposit. The ticket has a unique number that users then use to transact.
The ticket can be physical or virtual, depending on the use case. Today, Boleto supports online and physical payments. Users can use it to pay for online shopping and gambling as well.
An important note when using Boleto is the due date of the ticket. Each ticket with the 44-digit code has a distinct validity period. Check it out to avoid the voucher expiry before you can use it.
Fortunately, you can get a refund on your Boleto ticket from the issuer. You can either choose to get a new ticket or cash.
The popularity of Boleto has been steady, at 25% of local payments. The retention is due to the ease of use and convenience Boleto offers.
Users don’t need bank accounts, just cash, and you are good to go! You get a confirmation message after a successful transaction. It’s also mobile-compatible with e-ticketing.
The main downside of using Boleto is the long processing period. Deposits can take 2-3 days to reflect in your account. It’s, therefore, not commendable for immediate gambling.
However, Brazilian gamblers can capitalize on other Boleto-affiliated payments. A good example is the Boleto Flash by PagBrasil. Transactions take two hours to complete, making it faster than traditional Boleto.
On deposits, there’s a zero fee applicable. Boleto local payments are possible in any of the 4800+ processing stores. Alternatively, you can use the online banking option to fund your Boleto ticket.
Unfortunately, Boleto is a deposit-only payment method. You cannot withdraw using the Boleto. You’ll need to use other withdrawal options available at the online casino.
Many online casinos in Brazil accept Boleto payments. Gamblers can enjoy wagering in these top Boleto casinos and pay conveniently. Let's review the best ones below.
Neon54 Casino Review
| Boleto Deposits | YES |
| Boleto Withdrawals | NO |
| Minimum Deposit | R$20 |
| Minimum Withdrawal | N/A |
Rabidi N.V. brings us the first Boleto casino on our list. Neon54 is a reputable casein in operation since 2021. It’s registered and licensed in Curacao and accepts Brazilian gamblers.
Payments can be done directly to the casino with various payment methods. Popular ones include Boleto, Pix, and Inova Pay Wallet.
The casino supports instant deposits and up to 3 days for withdrawals.
Popular gaming providers here include Play ‘N Go and iSoftbet. They provide slots, table games, video poker, and live dealerships.
Expect 1000+ games in this casino.
Neon54 has 24/7 customer support via email and live chat. Choose from 15 languages available, including Portuguese.
Online since: 2021
License: Curacao
Website: https://neon54.com/
No payment fees
Crypto friendly
Over 60 providers
Slots Palace Casino Review
| Boleto Deposits | YES |
| Boleto Withdrawals | NO |
| Minimum Deposit | R$20 |
| Minimum Withdrawal | N/A |
The Boleto casinos’ list cannot be complete without noting Slots Palace. This casino prides itself on a reputable name and state-of-the-art platform. They also got a rich pool of games for their friendly UI website.
The casino is owned by Rabidi NV, headquartered in Curacao. It also operates with a Curacao offshore license in Brazil.
Brazilians can transact in the casino using various payment methods. Boleto, Pix, and Pay4Fun are popular channels with local gamblers. Of note, you can only withdraw via the deposit method you used, except Boleto.
Slots Palace also offers zero-deposit gaming trials for all casino games. You can then gamble with real money after familiarization with the games.
And before we forget, the casino’s website has a friendly UI supporting 15 languages, including Portuguese. Round-the-clock support desk with email and live chat is another perk. You can not go wrong gambling in this establishment.
Online since: 2020
License: Curacao
Website: https://slotspalace.com/
Live Chat 24/7
Mobile friendly games
Fast payouts
Casino.com Review
| Boleto Deposits | YES |
| Boleto Withdrawals | NO |
| Minimum Deposit | R$20 |
| Minimum Withdrawal | N/A |
The last Boleto casino to look at today is Casino.com. This online gambling site is a haven for local and international games. The game assortment hails from known American and European favorites.
Onisac, a company registered in Gibraltar, owns Casino.com. The company has a license from the Gibraltar Gambling Authority and the UKGC. Operations started in 2007, so the casino has a good reputation.
Players can enjoy casino games from providers like NetEnt, Pay’N Go, and iSoftbet. These providers stock the casino with table games and slots famed globally. Expect up to 2,000 slots and 100+ table games.
Payments on Casino.com are a big thing. The casino accepts global payment options like Visa, Trustly, and Rapid Transfer. There’s Boleto, too, for Brazilian gamblers.
The no-deposit option allows gamblers to sample the games for free. You get a better idea of the casino and have fun without spending any R$. The practice gives you a better edge when wagering with real money.
Casino.com allows you to take up to $100,000 daily. The amount is also dependent on your payout method.
Forward to customer service, Casino.com casino has a 24/7 customer support desk. You can reach them by email or live chat on the website.
Oh, and there’s a mobile iOS/Android app to play on the go too.
Online since: 2008
License: AAMS Italy GRA UKGC
Website: casino.com
Vide range of online casino games
Website offered in multiple languages
Live casino available
Boleto payments are processed using the ticketing system from banks. It means that you don't need an account to use Boleto. You only need a CPF number to fund your Boleto account. You can get your CPF number from this website: Receita Federal do Brasil. This tax identifier allows you to buy credits to fund your Boleto ticket. It also means that only Brazilians can use Boleto. Now, you need to transfer funds to your casino account. For this, follow the following steps to deposit in your casino:
Time needed
05:00
Tools needed
Latop or mobile
Software needed
Online Browser
Head to the casino's payments page
The first step is to identify a casino that accepts Boleto deposits. Ensure your casino is regulated and accepts Brazilian players. Our compiled list of recommended Boleto casinos will come in handy here.
Navigate to the online casino’s payments page. Select your deposit method as Boleto from the options available.
Enter the amount to deposit
On the banking information tab, enter the amount you wish to deposit. Boleto casinos accept Brazilian Real, so no currency exchange is needed.
Observe the minimum deposit for the particular casino to avoid inconveniences. You can find information on minimum deposits on the terms and conditions page. Read through and get your deposits right the first time.
Enter the CPF number
Using Boleto payments requires you to enter your CPF number from the IRS. This tax identifier can be accessed from the official Brazilian government website. You will fund your Boleto with the identifier.
Now, after entering the CPF number, the system will ask you to submit details. Ensure that you enter the correct details for the process to succeed.
Get the valid casino voucher
Successful processing will give a 44-digit receipt to be used when settling deposits. You use this slip to pay either online or in physical banking halls for Boleto. A confirmation message suggests your payment was successful.
Most importantly, make sure the code is valid. You don’t want an expired voucher.
Deposit
When using Boleto online, use the code on your slip to pay. Enter the code on the online bank interface to actuate the deposit. Expect payments to reach the casino account within 3 days.
You have just successfully paid with Boleto in an online casino. Now go ahead and stake your bets and wager on online games. Remember, Boleto doesn’t support withdrawals; check your withdrawal options beforehand.
Table of contents
Making payments with Boleto has some fees attached. These charges facilitate smooth payments using this method of payment. We are going to look at each of these affiliated costs.
Making any transaction with a payment system attracts charges. Boleto payments, however, are free of charge. This is to make Boleto payments affordable.
Most Boleto casinos don’t charge deposit fees when paying with Boleto. However, banks and Boleto centers may charge small fees. These fees are charged according to the deposit you want to make.
Carry enough cash to meet both fees and casino deposit requirements. Usually, applicable fees are below 10% of the deposit amount.
One advantage of using Boleto is that you can pay in installments. It means you can deposit an exact amount and pay fees later. The fee can be pushed up to 10 days, with amounts of R$1 – R$12.
However, payments must be made within the stipulated date (within 10 days). Failure to do so attracts penalties. They are more than R$12. Actual amounts are determined by Boleto.
The payment method can also cancel your transactions for failing to pay fees on time. This action can affect how you transact online.
The voucher system that Boleto uses has one caveat. All deposit slips have a validity period of up to 8 days. The voucher expires when the due date reaches before you can use it.
Not to worry, you can still get cash back from the bank or Boleto Center. A fee is charged to issue you a new Boleto voucher worth a similar amount.
Boleto payments are not taxed directly. Rather taxes are imposed on services you pay with Boleto. Your total utility bill will include taxes applicable to that product purchase.
Another fee incurred would be when using a different currency. Boleto supports Brazil Real only, and other currencies have to be exchanged. Exchange fees vary with exchange platform policies.
Pros
Cons
While Boleto payments are popular with Brazilians, there are other options. These alternative payment methods offer similar services to Boleto. Let's see how they compare to Boleto casino payments.
Pix is one of the newer payment methods in Brazil. It started in 2020, intending to have cheaper fast payments. And it did that.
Pix has no fees to customers, coupled with instant deposits and withdrawals. You can access Pix payments in online casinos in Brazil too.
The service has a no-limit withdrawal or deposit policy. However, check the terms and conditions of your casino first.
Another Brazilian payment company chasing Boleto payments is PicPay. You can make online payments with the service or even fund virtual cards. It also has an easy-access e-wallet for storing funds.
Since 2012, the company continues to provide stellar service to its Brazilian users. PicPay supports casino payments with zero deposit fees.
Gamblers in Brazil can use Pay4Fun to transact online. The payment method gains momentum due to its ease of use. It also offers instant payments to online casinos in Brazil.
The only downside is their deposit fees which can soar up to 5%. The high charge will negatively affect your deposit or withdrawal balance.
| Pix | PicPay | Pay4Fun | |
| Year founded: | 2020 | 2012 | 2018 |
| Country | Brazil | Brazil | Brazil |
| Deposit fees | Zero | Zero | 0-5% |
| Deposit period | Instant | Instant | Instant |
Boleto was introduced in 1993 as a payment method. Since then, it has gained a 25% market share in the country. Its success is credited to the Brazilian Federation of Banks, FEBRABAN.
Numerous online casinos in Brazil accept Boleto payments. Slots Palace, Neon54, and Casino.com are among the top Boleto casinos. These casinos don’t charge deposit fees and process payments instantly.
Boleto casinos offer thousands of online slots, table games, and live dealer games. Popular gaming providers supply hundreds of games periodically. Moreover, Boleto casinos provide bonuses to both new and existing players.
Boleto is a secure and safe payment option that ensures anonymity. Users are not required to have a bank account to access the service. This feature makes it impossible for fraudsters to access your information.
Additionally, it is mobile-friendly and straightforward to use. You can make deposits using your phone from anywhere in the world.
However, you cannot cash out with Boleto. Nonetheless, numerous alternatives are available to facilitate casino withdrawals. Overall, Boleto is a secure and reliable payment method for Brazilian gamblers.
Most casinos that accept Brazilians support Boleto payments. Therefore, gamblers can conveniently pay using the payment method. Limits are applicable as per the casino’s terms and conditions.
Gamblers in Brazil have several options in case they want to pay using Boleto. Several offshore casinos accept Brazilians and their local payments. We curated a list of top Boleto casinos for you in this guide.
Boleto casinos have international licenses, which makes them secure from fraud. Our list of recommended casinos has the best payments and the least charges. You get to play multiple casino games easily online.
Boleto users can pay in online casinos and get hefty bonuses. Players also qualify for casino promotions like cashback and free spins.
Payments with Boleto take 2-3 days to process. You can use faster Boleto options like Boleto Flash by PagBrasil. You can complete transactions within hours using these improved Boleto gateways.
Unfortunately, Boleto supports only the Brazilian Real. You have to convert it into local currency to use Boleto payments.
Boleto casinos have popular casino games available for players. You will enjoy games like blackjack, slots, poker, roulette, and baccarat.
Petter is passioned about fair gaming and online casinos. He reviews the deposit, verification & payout times of each of the casinos at fast.bet manually.
