Brazil's Legal Payment Systems for Betting
Highlights
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New online deposit rules have reshaped how Brazil’s users can make deposits and withdrawals online.
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The SPA regulator prohibits the use of credit cards in gambling.
The emergence of new online betting rules in Brazil has changed how players deposit and withdraw money online. The SPA regulator has introduced a legal payment system that restricts the deposits and withdrawals to electronic bank transfers that can only be processed by central bank-authorised institutions.
The following are some guidelines operators must follow to remain compliant with regulated payment methods.
The following are some guidelines operators must follow to remain compliant with regulated payment methods.
- Usage of high-risk payment methods like credit cards, cash, cheques, cryptocurrencies, and payment slips is prohibited.
- Only bank-to-bank electronic transfers connected to central bank institutions are allowed.
- Operators are issued to use approved payment gateways such as Pix and TED to stay compliant.
- Pix
- Transferência Eletrônica Disponível (TED)
- Debit cards or prepaid cards
- Transferência nos próprios livros (book transfer)
