Loterica

Benefits of Using

One of the biggest benefits of this solution is that it has the capacity to accept payouts in hard currency without a bank or credit card account. This makes it a perfect option for underbanked Brazil, offering a convenient, accessible alternative to traditional internet payment methods.

If the consumer selects this method on the checkout procedure, an instant voucher with reference number and barcode is generated. A user has either the option of printing the voucher or scanning using a suitable smartphone app to receive their payment choice. Given that transfer occurs face-to-face at a lotto shop, the system is providing additional protection and fewer exposure points to Internet fraud.

Merchants also get to benefit from this, as this method allows them to leverage offline transfer preference or dependence on clients. With a processing time of around three business days, it's a secure one for those that prioritize inclusivity, security, and broad customer access in the country.

How To Use

1. At checkout, select Loterica as the payment method
2. The system will generate a voucher with a code and reference number
3. Print the voucher or save as PDF
4. Visit an authorized retail outlet dealer in the country
5. Present the voucher and pay money
6. Keep the receipt for your records
7. Transfer will be made within 3 business days

With this easy procedure, this alternative offers the user a convenient and secure way of making offline payouts, even without internet access or a bank account.

Expert Review

This solution is a key part of Brazil's off-banking market for transactions, providing consumers with a strong alternative to internet banking if they would like to make purchases with cash. Its system of vouchers ensures that its operation is simple and secure for credit card and online accounts-free client use.

Ease of use — printing out a code and paying in an in-country retail outlet shop — conquers traditional digital barriers. Supported by large platforms like Nuvei, it easily integrates into digital retailers' payment flows that are targeting the Brazilian market.

While it lacks instant confirmation and recurring billing support, this solution achieves where others don't: serving the country's large unbanked population. For any merchant looking to expand in the country, especially in industries such as iGaming or e-commerce, supporting this method ensures wider user reach and local trustworthiness.

User Reviews

1. "This is a convenient way of making cash transfers for internet services. As I do not have a credit card, it's the best for me."
2. "I appreciate that I can complete purchases on the Internet without a bank account. The solution is convenient."
3. "Now and then, it will take two or three days to process the payment, but the convenience is worth it."
4. "Great for privacy — I can pay for goods without having to expose card or bank details on the internet."
5. "It is especially useful for people in rural areas who rely on physical payment locations like lottery terminals."

Safety

The method is also considered to be a low-risk and efficient payout option since it is offline. When users make a transfer in hard currency at a real-world lottery retailer, there is no need to enter sensitive financial information on the internet — reducing the threat of such fraud and identity theft.

Having a unique barcode and reference number for every voucher offers another layer of security in transactions. Additionally, since the payment is made face-to-face, it also eliminates popular threats that include online gateways such as phishing or data capture.

However, the printed vouchers and receipts must still be secured by the users because these are evidence of payment until processing.

For Business

This method is an in-real-life solution for companies reaching Brazilian consumers, specifically e-commerce, e-gaming sites, and subscription sites. Since the process allows for transactions in hard currency through vouchers, vendors can reach a large segment of the country's unbanked or underbanked individuals — a segment that is often not able to utilize standard credit or debit cards.

With the addition of this solution, businesses can reach consumers who are inclined to use offline channels due to issues of trust, lack of access to banking, or a simple desire to use paper money. Merchants can integrate with Loterica through big payment service providers like Nuvei, so the setup process is simple and scalable.

While real-time confirmation is not available and settlement takes up to 3 business days, this method helps companies to reach more markets and offer greater payment convenience in a country where local payment behavior greatly influences conversion rates.