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 pree 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.
With Bancontact merchants are guaranteed their funds and they will greatly benefit from not having to deal with chargebacks or reserves. In addition, Bancontact is an excellent alternative payment method that can be offered to those consumers that do not have or desire to use a credit card online.
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 merchnats 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. Alternative Payments provides the Boleto Bancario service with complete access to secure admin pages with detailed reports, and Boleto Bancario is easily integrated into your website together with your other payment options.
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.