The good news is that many online casinos are now accepting Boleto. That’s why we’ve come up with this guide. Continue reading to discover how to use Boleto for casino payments and the factors you must consider.
What is Boleto?
Simply put, a Boleto is a virtual or printed voucher issued by banks or financial institutions that allows you to make payments. Also known as Boleto Bancário, the payment method is regulated by Banco Central do Brasil.
Boleto can be used for payments in different places, including physical outlets like banks, drugstores, post offices, supermarkets, and others. You can also pay with your Boleto slip at various ATMs in Brazil, via mobile banking apps, or internet banking.
You don’t need to download any Boleto payment app or create an account to use the method. What you need is your CPF number, which is a unique tax ID number issued to residents of Brazil.
Brief History of Boleto
The payment system was launched in 1993 by the Brazilian Federation of Banks as a way to facilitate payments. It quickly grew in popularity due to its simplicity and accessibility. Today, Boleto generates around 3.7 billion transactions yearly. It accounts for about 25% of all online payment transactions that take place in Brazil.
Boleto as a word is translated literarily as “ticket” or “voucher” and may be used in other contexts beyond payments. However, its most popular usage is as the payment slip “Boleto Bancário”. The payment method started as cash only but evolved to work with online bank transfers.
In recent times, some fintech companies have partnered with Boleto to create a faster version. For example, EBANX has Instant Boleto while PagBrasil has BoletoFlash.
Advantages of Playing at Boleto Online Casinos
These are some of the benefits you enjoy when you play at online casinos with the Boleto payment method:
- Maximum security: Your money and personal details are safe when paying with Boleto due to the high-level security of the method. There’s no risk of losing your funds when you pay at the bank or other physical outlets. The payment from your mobile banking app is also secure.
- Ease of payment: The payment method is well known to Brazilians, so it’s very easy for you to apply the same process at online casinos. You can complete the transaction within a few minutes if you decide to pay online.
- Large selection of games: The best casinos with the payment method offer thousands of games. You’ll find hundreds of titles from top developers like Pragmatic Play, Microgaming, Play’N GO, and Evolution.
- Cool bonuses: Boleto is not a payment method that restricts you from claiming bonuses at online casinos. You can claim as many bonuses as you want while using the method. The good thing is that the casinos offer plenty of them.
Downsides of Boleto Payments
Unfortunately, the deposit option comes with some drawbacks. If you must use it for payments, keep the following in mind:
- No withdrawals: There are no withdrawals with Boleto as the payment method does not support such. You will have to choose a different cashout option when you’re ready to withdraw.
- Slow transactions: It could take up to 2 days or more for banks or financial institutions to complete transactions with Boleto. Hence, it is not a method that lets you start playing at casinos immediately.
- Only available in Brazil: The deposit processor is available only in Brazil. You’ll need to use an alternative payment method outside the country.
How to Use Boleto for Payments at Casino Sites
Boleto has become a cultural thing in Brazil, so almost every resident understands the process of making payments. However, it could take some time for new residents to grasp the procedure.
Here are the steps to make casino deposits with Boleto Bancario:
- Create an account on a casino site with Boleto or log in if you’re a member
- Go to the “Deposit” or “Cashier” page
- Select Boleto as your preferred payment method
- Enter your CPF to get your voucher
- Check your email for the voucher. It will be delivered, alongside the expiry date.
- Print the voucher and take it to a bank to pay or use your mobile banking app
Games to Play at the Best Online Casinos that Accept Boleto
After successfully making payments into your casino account, the natural thing is to delve into the games lobby. Thankfully, most casinos with Boleto offer extensive collections of games. There are almost no type of gambling games you won’t find in their lobbies. We have described the popular kinds of games they offer below
- Online slots: Get ready to experience the thrills of spinning reels of various slot machines. You’ll find many classic online fruit machines, as well as modern 3D video slots with many in-game features.
- Table games: Whether you love blackjack, poker, roulette, or baccarat, rest assured you’ll find them at Boleto gambling sites. These platforms offer multiple variants of table games from different casino developers.
- Video poker: Another category of games to look out for is video poker. They feature Jacks or Better, Tens or Better, Deuces Wild, Joker Poker, and many more.
- Scratchcards: Online scratch games are also not left out at these casinos. Many of them are inspired by popular online slots and come with decent payouts.
- Live dealers: Top Boleto casinos ensure that their lobby is filled with hundreds of live dealer games for you to choose from. There are live versions of blackjack, baccarat, poker, roulette, sic bo, craps, and many other classics. Also, expect to find gameshows of different styles in the lobby.
Bonuses & Promotions Offered at Boleto Casinos
You’re free to prepare your mind for some extra fun at Boleto iGaming sites. To boost your deposits, these casinos hand you awesome bonuses and deals. They offer special welcome bonuses, free spins, cashback, and many reload bonus deals.
The VIP programs offered on these platforms are also amazing, so keep an eye out for cool loyalty gifts. If you’re the competitive type, you’ll also find many slot races and tournaments to keep you busy. Overall, these deals available at top Boleto casinos ensure you never get bored.
How to Choose the Best Boleto Casinos
Finding the perfect Boleto casino can be a bit tedious, especially for newbies. Naturally, the first thing you have to confirm is if the gambling site accepts Boleto. After that, you must check the games collection, bonus packages, customer support, and other payment methods available.
Most importantly, take your time to scrutinize the safety measures employed by the casino. Make sure that the gaming websites use a valid SSL certificate. In addition, the casino has to be licensed by a trustworthy iGaming regulator.
Mobile Gaming at Online Casinos Accepting Boleto
Once you load your casino account with enough funds, you can play for real money anywhere you go. Most Boleto casinos are mobile-friendly. Whether you use an Android or iOS device, the casino websites work smoothly on mobile browsers. Some casinos may offer downloadable applications for iPhones and Android devices.
Furthermore, the games on the site were designed to be mobile-friendly by the developers. This means you can enjoy the slots, table games, live dealers, and many more on the go.
Boleto Alternatives
With the heavy drawbacks of Boleto, we understand why you may be seeking alternative methods. Fortunately, there are many of them available. Here are four options:
- Visa: With the Visa card, you can make your payments directly from your bank or financial institution to the casino. Once you submit your card details and confirm the transaction, your deposits are credited instantly. Withdrawals take some time though. Visa is available in Brazil and many other countries.
- Pay4Fun: If you prefer using digital wallets for payments, Pay4Fun is a great option for players in Brazil. It facilitates instant withdrawals and instant cashouts, so you don’t have to wait for days like you do with Boleto.
- Pix: Pix is another great option for Brazilian residents looking to start playing at casino sites quickly. Your funds are transferred to your casino account within a few seconds after you confirm the payment with Pix. Withdrawals may also be available with Pix at some casinos.
- Crypto: We recommend playing at casinos that also accept cryptocurrencies as they ensure you can make payments wherever you are. Whether you’re depositing or withdrawing with crypto, the transactions are fast and safe.
Conclusion
Boleto is certainly a great payment system for gamers in Brazil. Its security and ease of transaction make it great for gamblers looking to play purely for fun. The good thing is that many reputable Brazilian casinos with numerous games and cool bonuses accept the payment method.
However, Boleto's sluggish deposit process and absence for withdrawals make it unsuitable for all gamblers. Its unavailability outside Brazil is also a big disadvantage to Brazilians traveling outside the country or for short-time visitors.
Nevertheless, if you feel Boleto works great for you, there are so many casinos accepting it out there. We have made a list of the best Boleto casinos here, so you don’t have to waste time searching for one. Good luck as you start your gambling adventure.
