Accept payments from consumers in Brazil
Boleto Bancario is the perfect online payment solution for merchants who would like to accept
Boleto payments from consumers in Brazil.
Boleto Bancario is a safe, convenient and proven payment method whereby the consumer at checkout receives a pre-filled-out Boleto bank slip and authorizes the payment directly via their bank account, or alternately they can visit any bank branch and present the Boleto slip and make the payment with cash.
Brazil is the largest national economy in Latin America and the world’s eight largest economy with more than 207 million people, while Panama has the fastest growing economy and the largest per capita consumer in Central America.
More than 20% of all eCommerce payments in Brazil are made using the preferred Boleto system, because the consumer has the option to pay in their local currency via their own bank account or in person with cash, and no credit card is needed which is an added benefit for merchants who restrict purchases with non US payment cards, as they can now accept payments that are guaranteed by banks.By adding Boleto Bancario, merchants will not only benefit from extending their reach, but also from knowing that the payment has low risk of return.
How Boleto Bancario Works
Upon purchase, the consumer receives a pre-filled Boleto form and then authorizes the payment via their own online banking and the funds are then directly debited from their bank account, or visit a bank and make a payment in cash.