Multibanco is a well-established payment system from Portugal. Multibanco is nowadays ranking among the most complete payment systems in Europe with more than 60 functionalities available. Users can enjoy bank deposits, online banking, cash deposits, order checks, bank transfers and the most useful feature for casino players, of course, the ability to safely top up an online casino account with ease at any time.
Multibanco: Short Facts
| Company Name: Multibanco, SIBS Group|
Transaction Time: Instant
Min Transaction: € 1
Deposit Fee: None
| Security: 3-D Secure, SecureCode and SafeKey protocols|
Max Transaction: € 2500 or as limited by the casino
Withdrawal Fee: May vary from casinos (if any).
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How Can I use the Multibanco Payment Method?
Multibanco can be used in conjunction with almost all the banks in Portugal and accepts the major cards as well, such as American Express, Maestro, MasterCard, Visa and Visa Electron for the dozen of transactions types available. You can select the Multibanco payment method in your chosen online casino and after you selected the amount, you’ll be given an Entity Number and Payment Reference, which can be settled by going to an ATM or through your online banking system.
Benefits of Using the Multibanco Method
Apart from the several security features that come with payment methods provided by a solid bank, Multibanco offers its own 3-D secure system to add an extra layer of protection to online transactions and the possibility of creating virtual cards, which makes online transaction frauds a thing of the past.
They definitely pack a great number of features and possibilities for its users. With this payment method, you can easily top up your online casino account by linking your credit or debit card or even synchronizing an e-wallet to your Multibanco account. They accept Paypal and Paysafecard as e-wallet options.
Another interesting feature that Multibanco offers is the possibility to complete transactions by phone, which can be handy for some people, especially if you happen to not have access to the internet but still want to top up your online casino account before enjoying it later.
Through a light and handy mobile app many transactions can be completed as well, in this case, internet access is required. In the app, you can also link your e-wallets and manage your withdrawal requests and more with just a few clicks.
Can I Use Multibanco for Casino Withdrawals?
Unfortunately, Multibanco does not support withdrawals from your casino account. It is best to have an alternative payment method to process your withdrawals, such as Boku, Paypal or other e-wallets available in the market. Even though it might be inconvenient for some, using an e-wallet for withdrawals does add extra security measures to your online casino transactions. The safer the better!
How to Get Started with Multibanco?
You need to either have a Multibanco account linked to your bank or you can use the online options offered through their app, which are simpler but still powerful. Check if your bank and cards are accepted by the MB NET and MB WAY apps before proceeding with this payment method. Don’t forget to set up an e-wallet as well for future withdrawal operations and avoid any hassle later.
Pros & Cons of Multibanco
- Several security measures in place
- Linked to Banks and major cards
- Offers apps and ATM transactions
- No fees for deposit
- Not all banks can be accepted
- Only allows Euros
- Required an alternative e-wallet to withdraw