Key Considerations for Expanding E-Commerce Into Brazil: Payments, Fraud and Taxation

Boleto Bancário is another popular local payment method in Brazil, accounting for around 75 percent of online payments. It's overseen by the Brazilian Federation of Banks FEBRABAN. Merchants may generate and issue a financial document called Boleto, which can be considered as a proforma invoice. It's a consumer cash-in payment, which relies on the consumer to initialize the transaction. Boletos can be paid at ATMs, via internet banking, and at post offices or bank branches, and merchants will be notified accordingly.