Best Boleto Bancario Betting Sites in 2020

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Anyone that has made a bank transfer so far agrees that it is one of the safest ways to pay for certain products or services. That’s exactly what Boleto Bancario offers, an optimised bank transfer tool for Brazilian customers, a way to make secure payments both online and offline.

However, Boleto Bancario can do much more than that. Thanks to its increased level of security Boleto Bancario was quickly adopted by betting sites, giving Brazilian players yet another reliable payment method. If you’re curious about what are the top 3 Boleto Bancario betting sites out there as well how exactly Boleto Bancario works, keep scrolling, and we’ll answer all those questions. 

Top 3 Online Bookmakers Accepting Boleto Bancario

  1. 888sport Logo
    Sign-up Offer
    18+, New customers only – Minimum deposit of £10 using deposit code 30f - A qualifying bet is a ‘real money’ stake of at least €10 (£20 e/w) placed on any sports markets - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply - full T&C’s apply
  2. Betmotion Logo
    Sign-up Offer
    150% up to $50
    18+, New customers only - Minimum odds of 1/2 (1.5) - Wagering Requirements: 5x bonus amount - full T&C’s apply
  3. Betway Logo
    Free Bets
    Min Deposit: €/$10. First deposit matched up to €/$30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Credit Card, Debit Card & PayPal deposits only. Terms Apply

Punters from all over the world are all drawn to the big betting sites in the UK since they know they can always find quality services and competitive odds here. To make your search easier, we went through the best UK sites and found the ones that accept payments made via Boleto Bancario.

So, without further ado, let’s check out what are the best three betting sites where you can use Boleto Bancario as a payment method.

Boleto Bancario Payments at Betway

Betway is a renowned betting where Brazilian players can use Boleto Bancario to make their deposits. The fact that the Malta Gaming Authority licenses Betway is a great seal of approval, and it means that you won’t have to worry about anything regarding security, services and fair play.

Betway does not apply any fees for deposits made with Boleto Bancario so you can enjoy the full deposited amount. However, you must know that deposits made with Boleto Bancario are not instant and there’s a waiting time of 1 day before your funds become available in your betting account.

Depositing with Boleto Bancario means that you are eligible for any welcome or new customer bonuses Betway offers at the time of your deposit. Also, you should be aware that you can’t use Boleto Bancario to withdraw your winnings. So, when it comes to cashing out your funds, you’ll need to find a new method.

Betway Logo
Free Bets
Min Deposit: €/$10. First deposit matched up to €/$30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Credit Card, Debit Card & PayPal deposits only. Terms Apply

888Sport Accepting Boleto Bancario Deposits

Another world-class betting site where you can use Boleto Bancario as a payment method is 888sport. Not only that you will have access to a huge variety of sports and betting markets at 888Sport, but you will also be able to take advantage of their various offers and promotions as well.

It’s a known fact that players from Brazil sometimes have difficulties depositing on betting sites. However, 888Sport manages to do a great job. Thanks to their collaboration with Boleto Bancario, players can make deposits and enjoy their favourite bets. You won’t have to worry about sharing any financial details since Boleto Bancario offers complete anonymity over deposits. Backed-up by the security features active on the 888Sport website, the result is an awesome betting experience.

888sport Logo
Sign-up Offer
18+, New customers only – Minimum deposit of £10 using deposit code 30f - A qualifying bet is a ‘real money’ stake of at least €10 (£20 e/w) placed on any sports markets - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply - full T&C’s apply

Pay with Boleto Bancario at BetMotion

An online betting site that is always concerned about making the entire betting process as accessible as possible for punters. That’s why they incorporated Boleto Bancario as one of their payment methods among many other new deposit options. Being licensed and regulated by the Curaçao eGaming Licensing Authority, you don’t have to worry about airplay BetMotion.

Depositing with Boleto Bancario at BetMotion will make you eligible for the 100% bonus up to $50 that should boost your winning chances by allowing you to place more bets. Since it’s a bank transfer, the processing of the payment doesn’t happen instantly. So, if you want to take advantage of some in-play bets, you should either make your deposit well in advance or think of another deposit option.

Advantages of Boleto Bancario

Like any other payment method out there, Boleto Bancario has its ups and downs. It’s not always the positives overcome the negatives, and that’s why it is best for you to know both sides. We have identified some of the main advantages you get when depositing with Boleto Bancario at betting sites.

  • Boleto Bancario is safe
  • There are no fees
  • You can use cash to fund your betting account

✅ Increased Security of Payments

All payment options have their security features since you can’t get customers’ trust without a solid safety protocol. What differentiates Boleto Bancario from other payment methods is the fact that you need to use unique personal information to approve the deposit. One of those unique identifiers is the CPF, similar to a Social Security Number in Brazil.

✅ Using Boleto Bancario is Free

Using Boleto Bancario at online betting sites has no service fee attached. No matter if you pay online or in person with cash, there are no extra fees you need to take into consideration. Make sure you check for the validity of the Boleto Bancario once emitted if you’re paying in cash.

✅ Pay with Cash at Betting Sites via Boleto Bancario

An excellent advantage for those punters that don’t have access to a credit card. Boleto Bancario allows you to make deposits using cash directly at your bank, an ATM or several points of access across Brazil. It’s true, the excitement of online betting will not be the same. However, it provides an option for punters that have no other means of depositing.

Disadvantages of Boleto Bancario

You’ve probably noticed some disadvantages about using Boleto Bancario as a payment method at betting sites. It’s true, there’s no perfect payment method, and Boleto Bancario is not in the race for that spot. As useful as it proved to be for certain punters, there are some big disadvantages:

  • Only available in Brazil
  • Deposits are not instant
  • Not available as a withdrawal method

❌ Only Accessible in Brazil

Not exactly what you’d call a textbook disadvantage, however, it still is one. To be successful, a betting site payment method needs to be easily accessible. The fact that Brazilian players can only use Boleto Bancario isn’t great news for players in other parts of the world.

❌ Processing a Deposit can Take 3 Days

If you’re not in a hurry, this won’t be too troublesome for you. However, online betting is usually all about speed and taking advantage of the best odds. Sometimes, the best odds are available only if you place in-play bets. Moreover, having to wait for up to 3 working days for your deposit to go in will make you miss out on a lot of action.

❌ Can't be Used as a Withdrawal Method

The biggest drawback is that punters can only use Boleto Bancario to make deposits at online sportsbooks, meaning that they need to use a different payment method when withdrawing their winnings. It isn't a deal-breaker for many, but some will always ask "Why not just use a payment method that does both?"

How to Deposit with Boleto Bancario Online

Now you know what Boleto Bancario is, what are the best betting sites to use it at as well as its ups and downs. In the following section, we will cover the entire process of using Boleto Bancario to make your deposit at one of the top betting sites.

  1. Log into your account by entering the username and password. betway screenshot displaying login fields
  2. After you’re logged in, find and press the “Bank” button. Press the button to access the payment methods list. betway screenshot displaying "banking" button when logged in
  3. You will get a new window with all the deposit methods available in your area. betway screenshot displaying available deposit methods
  4. Select Boleto from the list by clicking on the Deposit button.
    betway screenshot displaying boleto betting site deposit option
  5. In the new window that you see, select the amount you wish to deposit. Then enter your National Insurance Number or CPF and then click “Confirm”. If the amount you want to deposit is not available on the pre-defined buttons, you can manually enter the amount in the ‘Other Amount Box”
    boleto betting site deposit 1
  6. After clicking on the Confirm button, the Boleto will be generated in a new window. Here, you will see the exact details of your payment, in bank-like form. You have the amount, all your details as well as where the payment is going. boleto betting site deposit 2
  7. If all the details are correct and you wish to finalise the payment process, you have two options.
  • Either print the statement and go to your bank to pay in cash: boleto betting site deposit 3
  • Alternatively, click on the “Voltar” button to process the payment online boleto betting site deposit 4

How to Create a Boleto Bancario Account

The best part about depositing with Boleto Bancario at betting sites is that you don’t need to create an account or anything. The CPF provides all the data for the completion of the payment. By filling in all the details on the betting site, you agree to the payment processing. This is another advantage you get when choosing Boleto Bancario to deposit, no need to create an additional account.

Deposit Times, Fees and Limits

Even though it’s not the fastest payment method available for betting sites, Boleto Bancario can be considered one of the safest. The fact that deposits are processed in up to 3 working days is not a reason of joy for punters. However, the fact that there are no fees for using Boleto Bancario compensates for that.

Betting Site Speed Fee Limits
Betway 1-3 days $20 / $2,000
888sport 1-5 days $20 / $1,000
BetMotion 1-3 days $20 / $2,000

Alternative Payment Methods

Since online betting has grown very popular over the years, there are a lot of payment methods available for punters all across the globe. So, it’s no surprise that there are quite a few alternatives for Boleto Bancario for punters outside Brazil. However, when talking about alternatives specifically designed for Brazilian players, the list is not that wide.

These are the most-used payment option in UK online betting sites right now. Punters prefer payment options that can be used for both depositing and cash out, that’s why eWallets and debit or credit cards are among the favourites.

PROS and CONS of Boleto Bancario

Pros Cons
✅ You Don’t Need an Additional Account ❌ Not a Withdrawal Method
✅ Increased Security ❌ Deposits ARE NOT Instant
✅ Cash Deposits ❌ Available in Brazil ONLY
✅ No Fees  

Boleto Bancario FAQs

What's the best Boleto Bancario betting site?
Our favourite Boleto Bancario bookmaker is 888Sport, one of our all-time favourite betting sites in general. There's no "one-size-fits-all" betting site, though, so we've narrowed it down to our top 3 Boleto Bancario betting sites to give our readers a selection to pick from. And don't forget, every betting site featured on SportsBetting24 has been through a rigorous testing process, which you can read about in our unbiased reviews.
Why can’t I use Boleto Bancario for withdrawals?
The Boleto Bancario can’t be used for withdrawals at online betting sites because all the details for payment back to your bank are not known. When using Boleto Bancario to deposit, you only share your CPF and from there on it’s an automatic process to deposit money from your bank account.
Can I use Boleto Bancario with AstroPay?
That’s not possible as AstroPay and Boleto Bancario are two different payment methods that punters from Brazil can use at betting sites. AstroPay is a virtual pre-paid card while Boleto Bancario is a way to deposit funds directly from your bank account. Combining the two payment options is not possible.
Why does it take so long to process a Boleto Bancario deposit?
The background process of a Boleto Bancario deposit is, after all, a bank transfer. This means that all the information regarding the transfer of funds needs to be checked by each bank individually and then approved by the betting site for you to use it.

Boleto bancário

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