Bancontact Online Casinos
Online casino players know that before they can start enjoying their favourite games across gambling sites, they must first choose a reliable online payment method, which would manage their money in a safe and secure way. They prefer choosing a solution that would provide them with that, but also with cost-effective and fast transactions.
In the search for such a method, you will probably come across a solution that would provide you with all of the above, and so much more, called Bancontact. What is Bancontact and why use it across online casinos?
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Bancontact FAQs
What is Bancontact?
Bancontact is a Belgian company that provides many services, mainly debit cards, but also online and mobile payment solutions that facilitate the processing of money in a safe and fast way.
Is it available across many online casinos?
Yes. The solution is available across all leading European casinos due to its reputation, the services it offers players and the ease of use.
Does it offer a Customer Support service on its own?
Sure. As you may as well know, when you experience a problem with your payments, you should first try the casino’s Customer Support service. But if they cannot help, you can always contact Bancontact’s Customer Support team, at your disposal around the clock.
Can I make withdrawals with it or only deposits?
It is a solution that has the ability to process both deposits and withdrawals. However, make sure you check with your casino to see whether it is an accepted withdrawal method.
Do I need to pay fees when transacting with it?
The fees involved are really small, practically insignificant. But, yes, fees do apply when you’re using it for deposits and withdrawals across online casinos.
About Bancontact
Launched by a Belgian company…
…Bancontact is a payment processing service that managed to expand its reach all across Europe. Even though initially designed for the Belgian market, due to its qualities, it managed to get the attention of other European countries. It started as a debit cards system, but then added other functionalities to make users’ experience even better. To start using it, you need to have a bank account with one of its partnered banks. Its cards can be issued by all major Belgian and European banks, such as KBC Bank, ING Belgie, Fintro, Deutsche Bank, VDK Bank, BeoBank, and Keytrade Bank, among others.
One of its strongest suits…
…is definitely the security level which it employs to make users’ transactions impenetrable by third-parties. In addition to the standard financial measures, it implements the 3D Secure Technology, which asks for verification before you can conduct a payment. That’s what made it one of the most reputable solutions, with a spotless track record.
You should know, though…
…that previously, the company was called Mister Cash, so you might have seen it like that. It rebranded in 2016, and in two-year time, it managed to merge with another important name on the market, Payconiq. Strengthening its position even more, the now-huge company managed to take the European market by storm and become one of the most trusted payment methods on the continent.
Types of Services Offered
As introduced…
…Bancontact previously offered only the debit cards network. But when it partnered with Payconiq, it managed to enhance its palette of products. Aside from the incredible debit card product, the company now offers players online and mobile banking solutions. Users can now download its app and perform mobile payments in just a few taps on their devices.
Cardholders can…
…make online payments via a card reader device, as well as mobile payments, but they can also make payments at numerous land-based locations via POS. No matter the amount they want to send or receive, users can make seamless transactions with much lower fees compared to other debit cards of its type.
Bancontact at Online Casinos
Belgium may be the primary market…
…where you’ll be able to use Bancontact, but there are 17 other European countries that offer its services, the second-largest being the Netherlands, the next one the UK. Considering the UK’s ban of credit cards for online gambling, it has gotten quite popular across UK casinos. More and more casino sites all across the UK and Europe have started using it, mostly because of its transaction speed, the security it implements and the ease of use.
On that note…
…to start using it, you would have to visit one of its partnered banks. You would need to apply for your debit card, and wait for it to be issued. After you receive your card, you can start using it right away, just like any other debit card you may have used so far.
The next thing you would need to do…
…is find an online casino that accepts it. As mentioned, there are many casinos that accept it, so wherever you see its logo or Payconiq’s logo, you should know that it is an accepted method at that casino. If it is, you can go to the casino’s Banking page. You’ll have three options for depositing.
You can use…
…the card reader by following the instructions and transfer the amount you wish to deposit instantly. Then, you can scan the QR code present on the screen when you click on its logo. Specify how much you wish to deposit, enter your PIN code to complete the transaction, and in no time, the deposit will be on your casino balance. Finally, you have the third option, paying using your mobile device. You would need to download the free app to do that, but as soon as it is downloaded and connected to your account, use your PIN code and confirm the transaction. Again, the funds will be transferred immediately.
Payouts with it…
…are as easy, as they are done exactly the same way. You have the three available channels to cash out your winnings. However, you should check with your casino whether it accepts it as a withdrawal method. Not all do, but if your casino does offer it, make sure you use it. This solution is excellent for withdrawals, as they are quick and cost-effective. All you need to do is go to the casino’s Banking page, find it in the Withdrawal Methods list and click on it. Choose the way you wish to withdraw your winnings, enter the amount you wish to cash out and confirm your transaction. In a few days, your winnings will land on your bank account.
Limitations and Restrictions
There are not that many…
…limitations and restrictions to using Bancontact. There’s the fact that it can only be used across 18 European countries in total, and only by users who have an account with one of its partnered banks. So, unless you’re a player from the eligible countries and unless you have a bank account with the eligible banks, you cannot use it.
Also…
…it cannot be used for withdrawals across all casino sites, but as long as you find one that allows withdrawals with it, you’ll feel blessed. If your casino does not accept it for withdrawals, you can always use one of the many alternative solutions, but your deposits will still be quick and cost-effective.
Advantages and Disadvantages
Just like we said in the beginning…
…one of Bancontact’s biggest advantages is the fact that it is an incredibly secure payment solution. Thanks to all the measures it employs, it is considered as one of the safest European methods to use for online and mobile payments. Ensuring it stays that way, the company behind it continuously improves its security measures, even though the 3D Secure Technology alone can provide you with the safety guarantee that you need.
Another benefit you’ll get for using it…
…is its ease of use and convenience. Provided you’re playing from an eligible country, you can enjoy making payments in an instant, via any device you might have. You can make payments, you can make deposits, you can make withdrawals with it, you can make refunds, everything. On that note, you can use it not only for online gambling purposes but at any possible site where debit cards are accepted. As soon as you find an online casino that accepts it, you will see that in a few steps, you can make a deposit with it. Its availability and ease of use are definitely reasons why European players absolutely love playing with it.
On the other hand…
…there’s the fact that players from countries other than the 18 that accept it, and players from other continents, for that matter, cannot actually use it. If you’re a player from Canada, for instance, or the US or Australia, you cannot get access to it. Even if the casino you’re playing at accepts it as a payment method, you cannot use it if you’re not a player from an eligible country. This is one of the main disadvantages.
An added drawback…
…is the fact that it is not accepted at all casinos as a withdrawal method, even though accepted as a deposit method. Players who want to deposit and withdraw with the same method are often taken aback by this inconvenience, and even though they may want to use it, when they see that it is not accepted for withdrawals, also dismiss it as a possible deposit solution. Add to that the fact that even it is accepted, withdrawals with it take up to several business days, and you’d have to rethink the whole thing, see whether you’re comfortable waiting as much.
Final Analysis
It goes without saying that Bancontact is a truly useful solution to get started with. You can use it for deposits and withdrawals across online casinos, but you can also use it for your daily life purchases and payments, across land-based locations even. It functions just like any other debit card, only with the added functionalities. These functionalities further improve your entire experience, as you can use it across any online site and even download its mobile app to use it via your tablet or smartphone.
Add to that the fact…
…that it is super-easy to get started with and use it, and you’ve got yourself an incredible solution. The fact that you can use it just like any other debit card, by entering the card details, via any mobile and desktop device, is what makes it super convenient for any type of payment.
And then, of course…
…there’s the fact that it is a reputable, safe and secure solution available all across Europe, and across all major regulated markets, such as the UK and the Netherlands. Not to forget the fact that it is a solution that is available across hundreds of online casinos. You won’t have a problem finding one that accepts it, especially if you’re exploring leading and new online casinos to join. Due to its remarkable track record, popularity among users and all the benefits it comes with, it has managed to get the attention of major operator brands, so all the top casinos, especially those that target European players, make sure to provide it as an option to their players.
To sum up…
…if you’re a player from any of the eligible countries, have a bank account with the eligible banks and you’re looking for a solution that would provide you with fast, cost-effective and really convenient transactions, make sure you give Bancontact a try. It is definitely worth a try, and as soon as you make a deposit with it and see how easy it is to use, you’ll never want to stop using it, even for your other everyday life purchases and payments.
Bancontact Banking Page
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