However, although new methods emerge, the bank slip remains one of the most widely used payment methods by Brazilians. For customers, the slip is still synonymous with security and convenience.
However, this raises a question for entrepreneurs: is it worth offering payment via bank slip? To answer this question, check out this guide to understand the advantages of the slip and how it can help scale your business.
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What is a payment slip?
The bank slip is a form of payment, materialized by a thailand whatsapp number data or virtual document. It is mainly used to charge for products or services. Launched in October 1993 by the Central Bank .
It is worth noting that the boleto is standardized and regulated by the Brazilian Federation of Banks (FEBRABAN) , which is also responsible for regulating and supervising banking transactions carried out in Brazil.
What does the Bank Slip Law say?
The Bank Slip Law establishes eye-catching visuals play a significant role in that guarantee the standardization, security, and functioning of payments via slip.
It is worth mentioning that, since July 2015, FEBRABAN (Brazilian Federation of Banks) has established that banks can no longer offer unregistered collection portfolios to new customers . Therefore, unregistered bills no longer exist, only registered bills.
This type of payment slip offers greater security and control , as it allows you to efficiently track and identify payments. In this way, the registered payment slip has legal validity for judicial collection.
The bill must contain clear information, such as the amount, due date, fine (limited to 2% of the amount) and interest (up to 1% per month). It is also mandatory to include the payer’s CPF or CNPJ.
Why is the bank slip popular?
Boleto bancário is popular in Brazil be numbers it is considered a very safe payment method. Technology has brought countless innovations, but the online scenario has always been accompanied by fraud and scams.
Many consumers are afraid of information leaks. Furthermore, they are not aware of security solutions and other anti-fraud systems . Or they have already and therefore do not like to use credit cards or enter personal information on websites.
Furthermore, 37% of the Brazilian adult population does not have a bank account. Therefore, for this segment of the population, boleto is the only form of payment for online purchases.
How does payment via bank slip work?
Knowing how boleto payments work is essential to understanding each step in the process. First, the issuer (payer) generates the boleto with essential information , such as the amount to be paid, the due date and the payer’s (payee’s) details.
After generating the bill, the document can digitally or , accompanied by a barcode, making payment easier. The payer has several options to make the payment, such as banking apps, internet banking, lottery outlets, branches and bank correspondents.
After payment, the banking system processes the transaction , validates the data and informs the issuer about the confirmation.
Finally, bank reconciliation is out. A stage in which companies and financial institutions verify and ensure that payments were correctly and recorded in internal systems.
Is issuing a bank slip free for companies?
There is a boleto fee that must the document payment is . This additional amount, which can vary between R$1 and R$5, will depend on the platform or bank used for generation.