Suited to the residents of Brazil,Boleto Bancario provides one of the safest methods of online transactions, and it is best for funding your casino accounts...
The Brazilian casino players can fund their casino account and withdraw their wins using Boleto Bancario online funds transfer systems. The Boleto Bancario allows the users with online bank account to make online transactions without tending any personal information to the third party website such as the casinos. Currently, about 20 different casinos offer transactions using Boleto Bancario.
Using Boleto Bancario
Boleto Bancario is available to the Brazilian residents who have an account with a local bank or any participating merchant with the Boleto Bancario program. The Boleto Bancario allows the users to purchase online casino credits with cash rather than credit or debit card as offered by many other electronic transfer systems and this makes it unique among its kind.
Depositing with Boleto Bancario
You need to search your favorite casino that offers online transaction using Boleto Bancario. Once you find and make your mind to play at the casino, you can proceed to the casino cashier page and choose the Boleto Bancario as your payment method and the amount you wish to transfer to your casino account. You will be redirected to a page that will offer you a bank slip which you have to give to the participating local merchant or bank along with the cash. If you have online banking facility, you can also make online transactions using your bank’s online transaction system with the details provided in the slip.
The Boleto Bancario payment system charges a service fee of 6 – 8 percent of the transaction. Unfortunately, once the funds reach your casino merchant account; you need to transfer the funds manually, and that’s why you need to ensure how much time it requires for them to credit the amount to your account before you transfer funds.
Advantages of Boleto Bancario
Boleto Bancario provides one of the safest methods of online transactions, and it is best for funding your casino accounts. This method is most suited to the residents of Brazil, who don’t have a credit or debit card or don’t want to provide any information to the third party such as casino. There is no risk of losing any information as the transaction system offers you to pay in cash by physically visiting the nearest participating agent’s cash counter.
Disadvantages of Boleto Bancario
The time lag involved in the transaction is the greatest drawback associated with the Boleto Bancario payment system. Contrary to the other payment system, you may have to wait a whole day before the cash appears in your account, and you can play your games. You should note that the time lag considerably varies on different casinos, and so you must take it into consideration before making your mind for playing in a particular casino. Once you conduct a transaction, the customer support may also provide you the exact time when your cash is credited to your account.
Secondly, Boleto Bancario transaction method is quite expensive when compared with the other methods. The service charge of 6 -8 percent considerably reduces your cash for playing your online games. So you are advised to use the Boleto Bancario system only when you understand the associated fees and prefer to pay the service charge to other alternatives.