| Revision as of 15:16, 4 July 2011 editHJ Mitchell (talk | contribs)Edit filter managers, Autopatrolled, Checkusers, Oversighters, Administrators121,951 editsm Protected Boleto: copyvio ( (expires 15:16, 25 July 2011 (UTC)))← Previous edit | Revision as of 17:23, 4 July 2011 edit undoFrancisco luz (talk | contribs)58 editsNo edit summaryNext edit → | ||
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| Boleto can only be collected by an authorized Collector Agent in the Brazilian territory. All Brazilian banks, Post Office (]) and Lottery Agencies plus some companies from the private sector have joined the system <ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | Boleto can only be collected by an authorized Collector Agent in the Brazilian territory. All Brazilian banks, Post Office (]) and Lottery Agencies plus some companies from the private sector have joined the system <ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | ||
| ==How it works== | |||
| Boleto Bancário is a financial document that can be issued by a merchant following a set of specifications which is regulated by FEBRABAN (Brazilian Federation of Banks). | |||
| But first the merchant needs to go and see his/her bank manager, so called issuer bank, to sign a contract in order to get the merchant payment code.<br> | |||
| Boletos enable the merchant's clients to pay the specified amounts at any premise that is part of the Brazilian Payment Network<ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | |||
| The parties involved in this billing transaction are the Merchant's Bank (issuer bank), the Merchant(Cedente), the Merchant's Client (Sacado) and the Colletor Agents<ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | |||
| Merchant's Bank: Financial institution responsible for issuing and collecting based on previous agreement with the merchant. The bank, once authorized to collect payment for the Merchant, will credit the amount owed by the Client in the Merchant's bank account<ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | |||
| Cedente (Merchant): The individual or corporate entity that issues the boleto and whose account will be credited<ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | |||
| Sacado (Client): The individual or corporate entity that pays the boleto<ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | |||
| Collector Agents: These are the network facilities of banks, post office (]), Lottery Agencies and even large corporation networks such as supermarkets, chemists, etc, who are authorized to collect payments on behalf of the issuer bank<ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | |||
| ==Boleto's Main Characteristics== | |||
| Bar Code: A FEBRABAN common standard (always 103mm in length and 13mm in height) designed to be scanned and read by a digital laser scanner<ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | |||
| Human Readable Code: Its a numerical representation of the bar code which can be used to pay it via Internet Banking<ref>http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners</ref>. | |||
| ==References== | ==References== | ||
Revision as of 17:23, 4 July 2011
Boleto Bancário, simply referred to as Boleto is a payment method in Brazil regulated by FEBRABAN, short for Brazilian Federation of Banks.
A boleto can be paid at ATMs, branch facilities and internet banking of any Bank, Post Office, Lottery Agent and some supermarkets until its due date. After due date it can only be paid at the issuer bank facilities.
Boleto can only be collected by an authorized Collector Agent in the Brazilian territory. All Brazilian banks, Post Office (Correios) and Lottery Agencies plus some companies from the private sector have joined the system .
How it works
Boleto Bancário is a financial document that can be issued by a merchant following a set of specifications which is regulated by FEBRABAN (Brazilian Federation of Banks).
But first the merchant needs to go and see his/her bank manager, so called issuer bank, to sign a contract in order to get the merchant payment code.
Boletos enable the merchant's clients to pay the specified amounts at any premise that is part of the Brazilian Payment Network.
The parties involved in this billing transaction are the Merchant's Bank (issuer bank), the Merchant(Cedente), the Merchant's Client (Sacado) and the Colletor Agents.
Merchant's Bank: Financial institution responsible for issuing and collecting based on previous agreement with the merchant. The bank, once authorized to collect payment for the Merchant, will credit the amount owed by the Client in the Merchant's bank account.
Cedente (Merchant): The individual or corporate entity that issues the boleto and whose account will be credited.
Sacado (Client): The individual or corporate entity that pays the boleto.
Collector Agents: These are the network facilities of banks, post office (Correios), Lottery Agencies and even large corporation networks such as supermarkets, chemists, etc, who are authorized to collect payments on behalf of the issuer bank.
Boleto's Main Characteristics
Bar Code: A FEBRABAN common standard (always 103mm in length and 13mm in height) designed to be scanned and read by a digital laser scanner.
Human Readable Code: Its a numerical representation of the bar code which can be used to pay it via Internet Banking.
References
- http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners
- http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners
- http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners
- http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners
- http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners
- http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners
- http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners
- http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners
- http://thebrazilbusiness.com/article/boleto-bancario-for-beginners Boleto Bancario for Beginners
External links
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