Boleto Payment and Withdrawal

Not every person, in each country around the world, can gain access the same online payment and withdrawal methods.  Therefore, it’s good that companies have been created, which allow people who wish to make payments and gamble online, can do so using their own currency.  Boleto is a payment method available to the people of Brazil and the Boleto Bancario system can be used to make deposits to online gambling websites.

The Facts

Website:  www.boletobancario.com

The translation of Boleto in English means ‘ticket’ and in a way, this sums up the service offered by the Brazilian company.  Boleto Bancario is regulated by the Brazilian Federation of Banks, known as FEBRABAN for short.

The name of the service, Boleto, is relevant because when using the service to make a deposit at a gambling website, you will be issued with a ticket.  It’s this ticket or bank slip, which you need in order to be able to make the deposit.  Once you have generated the ticket, there are two ways in which you can make the payment and that’s on the computer, via online banking or by printing the ticket and taking it a bank or post office in Brazil, where you will pay in person.

A Boleto can also be paid at ATM’s and also some supermarkets and lottery agents.

Using Boleto to Bet Online

To make a deposit using Boleto, locate the deposit section of the gambling website and select Boleto from the choice available.  Having done this, select the amount of money you would like to deposit and choose how you would like to confirm and complete it.  Here, you will have two choices.  You can either print out the form and take it to your local bank, post office or supermarket which accepts Boleto and make the payment in person.

The alternative and quicker method, is to make the payment of the Boleto online, using your online banking account.  If you select this method, you will need to log in to your online banking account to complete the payment.

There are no service fees charged for using Boleto as a deposit method, whether you opt to pay in person or online.

When using Boleto, keep in mind that each time you generate a ticket, they are time sensitive.  So always check how long you have to pay the Boleto because if you leave it too long, it may expire.

Having completed the process, it can take up to three days for the funds to appear in your online gambling account, whichever form of payment you decide to use.  Therefore, if there is a specific casino event you would like to participate in online or sports event you wish to bet on, you will need to make sure you place the deposit well in advance.

At the time of writing, it’s not possible to withdraw funds from online gambling accounts using Boleto and due to the nature of the system, this is unlikely to change in the near future.

Boleto Advantages

• Boleto is safe and secure to use.
• Your private baking information is protected from third parties.
• It’s very easy to use and Boleto’s are accepted in many places throughout Brazil.
• You can fund your betting account using cash, in person.
• There are no fees to use the Boleto service.

Boleto Disadvantages

• You have to live in Brazil to use the service.
• Deposits take a few days to process.
• You can not make withdrawals using Boleto.
• Making deposits using Boleto can be time consuming, especially if you are paying using cash, in person.

Summary

• Boleto is available in Brazil
• Deposits can be funded either online or in person, at numerous locations in Brazil
• Plan ahead because deposits can take up to three days to appear in your online gambling account
• It’s not possible to make withdrawals using Boleto