Bancontact is a massive name in Belgium, used over 150,000 times every day to process online and offline transactions. Many of these transactions are in the internet gambling industry, where this payment method has become very popular with casino players.
In total, there are over 15 million cards from this company in circulation in Belgium, meaning it rivals other big payment processors, such as Neteller and Skrill. Of course, it’s not as popular as VISA or MasterCard when it comes to transactions at gambling sites though.
If you’ve not heard of this payment option before, you might have heard of Mister Cash. This was the previous name for the company, prior to a rebranding in 2016. In 2018, the company merged with Payconiq - another big name in Belgium - to form a company with a massive market share. The payment system is now accepted at thousands of websites, including many casinos.
How Does This Payment Method Work?
This is an incredibly easy system to use, however you’ll first need to have a Belgian bank account. Bank accounts from all major banks in Belgium can be used with the Bancontact system, meaning pretty much everyone should be able to access one.
Once you have a card, you can use it in stores in the same way you’d use any bank card. Gamblers will want to know how to deposit online though, and there’s good news, as it is exceptionally simple.
To pay, simply select the option from the banking menu at your chosen site. Then just follow the instructions, using your digipass or card reader to perform certain steps. The money will then be transferred into your casino account instantly, so you can start playing online slots and other games.
But what if you don’t have your card to hand? Don’t worry, as you can also pay using your smartphone. Just download the mobile app, which is completely free, and then link your device with your Bancontact account. It’s then a case of choosing the relevant option and then opening the app, before double checking the details and confirming the transaction with a PIN number.
You can also use your mobile by scanning a QR code shown on your desktop screen. Once again, just enter a PIN code, and everything will be complete. It really is incredibly easy to pay using this method, regardless of whether you’re playing on a desktop or on mobile.
Pros and Cons
The biggest pro to using this method is convenience. It really is incredibly simple to navigate the payment process, meaning you’ll have money in your account within seconds. The fact that nearly everyone already has a qualifying Belgian bank account only makes it an even more convenient way to deposit.
Another advantage is the fact that there are no fees to use their service, unlike some of the other bigger names in the internet payment processing industry. You could find that your chosen casino charges a small fee though, to cover their costs, however, this is likely to only be a few cents per transaction.
It is also a massively safe way to deposit money. The company spends huge sums of money every year on preventing online fraud and they also use 3D-secure technology. What’s more, when you play at a site we’ve recommended, you can be sure that it will be completely secure.
The only downside to depositing using this depositing option is the fact that it isn’t as widely accepted at casinos as some other payment systems. Despite this though, you should still find a few fantastic gambling sites giving you the chance to deposit in this way.
Bancontact is a massive name in Belgium, used over 150,000 times every day to process online and offline transactions. Many of these transactions are in the internet gambling industry, where this payment method has become very popular with casino players. In total, there are over 15 million cards from this company in circulation in Belgium, meaning it rivals other big payment processors, such as Neteller and Skrill. Of course, it’s not as popular as VISA or MasterCard when it comes to...
