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Boleto Bancario or simply referred to as Boleto, in English it means Ticket. In a way, it’s a check with an expiry date. Boleto is a Brazil based payment method that has a tiny market share. For the time being, it is available to the Brazilian population only. Online sportsbooks that are targeting the Brazilian market accepts deposits made via Boleto Bancario.
Upon the expiry date of the Boleto the owner can cash in at the issuing bank. Due to the nature of the payment method and how it works, it’s not your best option if you’re not located in Brazil. That said, even if you are in Brazil you won’t find it convenient due to the regular reloads, paying attention to the expiry date and the limited presence it has in the online sports betting industry.
The best short description of the Boleto Bancario is that it works like a voucher, but with an expiry date. On top o this, certain issuing banks have very strict policies regarding who can obtain a Boleto.