What is boleto bancário?

Boleto bancário is an official Brazilian payment method regulated by the Central Bank of Brazil. It is a push payment system which was launched in 1993 and today generates 3.7 billion transactions per year. Accounting for around 25% of all online payment transactions, it is a must for doing business in Brazil.

 

How does it work?

The payment process for boleto bancário transactions is similar to that of wire transfer or cash payment methods. Customers are provided with a prefilled boleto bancário payment slip. At this point, the customer has the option of printing the form and paying it physically at any bank branch or at authorized processors such as drugstores, supermarkets, lottery agencies and post offices. Additionally, it can also be paid electronically at any of the more than 48,000 ATMs in Brazil, as well as through internet banking or mobile banking apps, which are widely used in the country. If you are selling cross-border into Brazil, please note that boleto bancário payment processing requires a local partner and cannot be directly contracted with a bank from abroad.

Unique features 

The boleto system itself has no refund function, and banks and many payment service providers do not offer a solution either. We offer automated refunds that can easily be processed via API or dashboard. The funds are transferred on the same day so that buyers always receive the credit to their bank account within 24 hours. In addition, our boleto system also relies on a responsive layout, which makes it easier to view a boleto on mobile devices, as well as facilitates payments via mobile phones and tablets.

Payment confirmation

Generally, boletos are confirmed with a delay of two to three business days. However, we have developed Boleto Flash®, an enhanced form of boleto that provides accelerated payment confirmation. The Brazilian bank system confirms paid boletos on the next business day from Tuesday to Saturday. With our unique Boleto Flash® technology, paid boletos can be confirmed in less than two hours on business days.

Payment confirmation

Generally, boletos are confirmed with a delay of two to three business days. However, we have developed Boleto Flash®, an enhanced form of boleto that provides accelerated payment confirmation. The Brazilian bank system confirms paid boletos on the next business day from Tuesday to Saturday. With our unique Boleto Flash® technology, paid boletos can be confirmed in less than two hours on business days.

Advantages of
boleto bancário

Access to corporate
and governmental

Often the only way to charge these types of customers, who rarely rely on business credit cards for paying services and goods purchased.

Access to a larger pool
of potential
consumers

Payment confirmation is delivered to you in real-time via our API, which helps you initiate the delivery process and track your inventory.

100% secure

Many Brazilian shoppers, wary of fraud risk, prefer boleto bancário as a secure payment method. In addition, it provides low fraud and no chargeback risk for merchants.

Accepted across
Brazil

Boleto bancário can be paid physically at any bank branch or authorized processors, such as over 13,000 lottery agencies, pharmacies and supermarkets. It can also be paid electronically in more than 48,000 ATMs across the country or via internet and mobile banking.

Boost conversion

Boleto bancário usually helps to significantly increase online store conversion rates.