Many Brazilians are still unbanked or do not trust giving their card information online. The only way to reach this part of the population is by accepting voucher payment methods on your website.
The Boleto and the way Brazilians pay
The Boleto Bancário is an official payment method regulated by the Central Bank of Brazil, this printable voucher bancario is used by Brazilians to pay for their monthly bills, such as water and energy, or even taxes or fines, and has become one of the preferred payment options for online purchases in Brazil.
The Boleto Bancário in Brazil can be used in two ways. When the consumer receives the voucher at checkout he can print it and pay in cash at more than 200K payment locations or it can be paid electronically through internet banking. International companies that want to offer Boleto Bancário need to have a local partner to intermediate the payment processing with local players such as banks and acquirers.
How the Boleto works
The customer selects the Boleto Bancário as a payment method in checkout.
A voucher with a barcode is generated for the customer to either print, copy the barcode number or scan it with their phone.
The customer pays it in cash in over 200K locations, through internet banking or via the bank's mobile app.
Payment confirmation in one business day.
Around 30% of all e‑commerce purchases are made with the Boleto Bancario
Ecommerce
2/3 of Brazilians who use Boleto for shopping online have bank accounts. this means that Boleto is the preferred option even for those with other payment alternatives.
An average of 50 million Boletos are issued nationwide every month
The EBANX Boleto is an exclusive version of the standard Boleto Bancário with features created to help merchants increase conversions.
Business Practices
EBANX Boleto
Standard Boleto
Scannable and copyable barcode number, so the customer can easily paste the number on their internet banking or open it directly on their banks' app.
Your company's name on the voucher, to increase trust among your customers.
It can be confirmed instantly though EBANX Instant Pay
Email reminders before the due date increase conversion rates
SMS reminders sent to customers for higher ticket purchases
Voucher Payment Method in Brazil (Boleto Bancário) is only available for retail Merchants or Merchants who offer any kind of physical goods. But don't worry, if your business is focused on Digital Goods or Services, EBANX can offer other local payment methods instead of Boleto in the country. Know more about Local Cards and Online Alternatives.
Benefits of accepting Boleto Bancário
A responsive Boleto for mobile devices
Aiming at increasing mobile conversions, EBANX improved the mobile user experience by creating a Boleto that is 100% optimized for mobile devices.
Reach more consumers
Boleto bancário is accessible. In a country with around 48 million unbanked adults this payment method allows the consumer to pay without having a bank account or a credit card.
Security for your business
The boleto is safer than other methods like credit card. With this payment option merchants do not have chargeback risk.
Ready to start selling in Brazil with local payment methods?
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