What is Boleto Bancário?

Boleto Bancário is one of the most traditional and widely used payment methods in Brazil. This payment system allows consumers to make both online and cash transactions, without the need for a credit or debit card. It was developed by the Brazilian Federation of Banks (FEBRABAN) and has been in operation since 1993. Boleto Bancário is particularly popular among users who do not have access to bank accounts or credit cards, facilitating financial inclusion in the country.

How does Boleto Bancário work?

The Boleto Bancário process is quite simple and consists of the following steps:

1. Boleto Selection: When making an online purchase, the customer chooses Boleto Bancário as the method of payment.
2. Ticket Generation: A ticket is generated with a barcode and all the necessary information for payment, such as the amount and due date.
3. Ticket Payment: The ticket can be paid in cash at any bank, lottery agency, supermarket, post office, or through online banking or mobile applications.
4. Payment Confirmation: Once payment is made, the bank notifies the merchant, who can then process the transaction. This process generally takes one to three business days, although it can be faster with options such as Boleto Flash®.

Boleto Bancário Benefits

For Consumers

• Security: No sharing of sensitive financial information is required, reducing the risk of fraud.
• Accessibility: Ideal for those who do not have access to credit cards or bank accounts.
• Flexibility: Can be paid in cash at various physical or electronic payment points.

For Merchants

• Broad Adoption: By accepting Boleto Bancário, merchants can access a broader base of consumers, including those without credit cards.
• Low Fraud Risk: There is no risk of chargebacks, since payment must be made physically.
• High Conversion Rate: Customers who prefer to pay with Boleto Bancário are more likely to complete their purchases due to the simplicity and convenience of the process.

Boleto Bancário Limitations

• Processing Time: It can take up to three business days for the payment to be confirmed, which is slower compared to instant payment methods such as PIX.
• Geographical Availability: Only available in Brazil, which limits its use to users and merchants within the country.

Rebill integration

For companies looking to expand in Latin America, Rebill offers solutions that allow them to accept payments with Boleto Bancário and other leading payment methods in the region. With Rebill, merchants can benefit from a secure and widely accepted payment system, facilitating both business growth and improving the customer experience. Rebill provides fast and secure integration through APIs and SDKs, streamlining operations and expanding market reach.

Conclusion

Boleto Bancário is a reliable and accessible payment method in Brazil, offering security and convenience for both consumers and merchants. Although it has some limitations, its popularity and widespread adoption make it an attractive option for those seeking an alternative payment solution in the Brazilian market. To maximize sales potential in Latin America, Rebill enables businesses to accept Boleto Bancário and other payment methods, facilitating expansion and success in the region.