Boleto Bancario
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What is Boleto Bancario?
This method is especially popular among those who do not have access to credit cards or bank accounts, thus facilitating financial inclusion in the country.
Benefits of using boleto bancario
Access to a wider audience
Merchants offering Boleto Bancario have access to four times more Brazilian consumers. This payment method does not cannibalize other options such as credit cards, but complements the existing payment offer.
Broad adoption
With more than 6 billion Boletos processed each year, this method is a reliable and well-known option for Brazilian consumers. It is accepted in a wide network of banks and payment points throughout the country.
High conversion rate
Customers who prefer to pay with Boleto Bancario are more inclined to complete their purchases due to quick payment confirmation and faster delivery of products and services.
Convenience and ease of use
Boleto vouchers can be paid online through internet banking or the bank's application, or at hundreds of thousands of locations, including lottery agencies, bank branches and supermarkets.
Low risk of fraud
Boleto Bancario has a low risk of fraud, since the customer must make the payment in person in a secure environment, eliminating the possibility of chargebacks. In addition, it is free of charge to consumers and has no chargeback fees.
Boleto: Brazil's traditional alternative payment method
How does Boleto Bancario work?
The customer selects Boleto Bancário as payment method at checkout.
A voucher with a barcode is generated for the customer to print, copy the barcode number or scan it with their phone.
The customer pays through internet banking, the bank's mobile app or physically in cash at hundreds of thousands of locations, including lottery agencies, bank branches, supermarkets, etc.
Payment confirmation: once completed, the merchant receives confirmation of payment.
Key features of Boleto Bancario
Voucher adaptable to cell phones
Offer Boleto vouchers 100% compatible with mobile devices that present only the essentials for your customers to complete their payments.
Optimized barcodes
Allow your customers to pay through scannable and copyable barcode numbers.
Personalized vouchers
Add your company logo to the payment voucher and increase trust among your customers.
Geolocation
Show your customers the nearest physical payment locations for faster payments.
E-mail notifications
Notify your customers about the status of their payment by sending an email with the payment order created, a reminder email and a confirmation email.
Digital commerce sales volume
Boleto Bancário in Digital CommerceIn 2022, Boleto Bancário managed approximately USD 17 billion, representing 9% of the total volume of online sales in Brazil. This figure underscores the popularity and consumer confidence in this payment method. Integrating Boleto Bancario into your business allows you to:
Increase Sales: Access a large part of the Brazilian market that prefers to pay in cash or through internet banking.
Improve Conversion: Consumers who choose Boleto Bancario tend to complete their purchases due to the ease and convenience of the payment process.
Broaden your Reach: Reach consumers who do not use credit or debit cards, opening your business to a wider audience. By offering Boleto Bancario, you can capitalize on this market preference and experience significant growth in your online sales.
