Online Casinos With Bancontact
Bancontact (the full name of the company is “Bancontact Mister Cash”) stands for Belgian money transactions and payments company created in the last year of 1970s. Actually, there were 2 single services that were not connected in any way, there was MCash (Mister Cash) and Bancontact.
In 1980s those two merged into one financial entity and that’s how they exist even today – as Bancontact Mister Cash Co. In earlier days company provided only cash payments but ten years ago with the rise of online payments popularity Bancontact allowed its users online transactions as well. Show more
One can consider Bancontact Mister Sash as a service for online payments based on online banking, which fully meets the functional of the full-fledged credit card.In the early days of world wide web every Bancontact account was connected to the Proton, the Belgian web wallet system, but a few years ago the cooperation was canceled because of a reduced popularity of such wallet. Immediately this service has been replaced by more modern and popular one, The Ping Pong, more convenient for mobile payments.
Since the company is the exclusively Belgian only citizens of this country have the ability to make payments and other banking transactions via Bancontact, only those who have open account in banks of this country.
Bancontact Mister Cash usually means regular plastic card from one of the few certain Belgian banks or web payment services, and this card must attached to a bank account. The person who owns Bancontact card have the ability to pay almost in every shop in the country as well as purchase products online or pay for services in Europe.
But since the ways of payments differ online and in real stores, the person who owns Bancontact card must be aware that the procedures needed to finish the transaction are not the same as well.
If you decide to use a card in POS like supermarket or flower shop, you just have to enter PIN code and the money will be send from your personal account to the owner of the store.
But the process differs if you pay online. After you’ve chosen the product you would like to purchase, added it to a cart and proceeded to payment details, fill in the name of the card owner (as stated in the front of a card), the card number itself and all the other information needed, the same way you would pay with your regular credit card.
Well, even if the payment process seems similar, the further actions differ. If you’d pay with your credit card, that would be it, the purchase would have been done. But for the security purposes, when you pay with Bancontact card you will be redirected to the online banking site to login and finish the payment.
In order to do this, a customer have to use his PIN and a special tool, a card-reader and security password from the bank. This code should be entered in reader. After that the card-reader will create another code for that only transaction. That is the final step in confirming that you are the real owner of the card and you really want to use it.
If your account is active and there is enough money to pay, funds will be transferred in the blink of an eye. Once the cash leaves you bank account it immediately appears on the bank account of the product seller.
Yes, you actually have to enter your billing information and personal data, but that doesn’t mean someone can steal this data and use it against you. The system is secured with the latest encryption tools making no chance for any malefactor to steal it. The process is secure, simple and with high anonymity level.
Online casinos and bancontact: how to deposit?
Enter the page for depositing or withdrawal in the casino you want to play in with the help of Bancontact. You will have to enter some details like amount of future payment and the number of the card. When you click OK you will follow to the usual online banking site for further actions.
When you’re done and you see green light on the online banking account you will be returned to the initial online casino site and your costs will already be ready for using in video slots.
Online casinos and bancontact: how to withdraw? While you can cash your winnings out with such services like MasterCard, VISA, Skrill and a lot more, Bancontact won’t allow you this. So choose other option to make sure your money will withdraw.
Pros and Cons of using Bancontact
In the same way as the other modern online banking systems Bancontact has a lot of benefits:
- Each and every payment proceeded by Bancontact is characterized by the highest level of security. This method uses person’s regular bank account for money transactions so even older customers can trust Bancontact as they used to trust banks.
- Each transaction takes place in a blink of an eye, so your funds travel to the casino account immediately as soon as you have confirmed the payment. It helps to get rid of unnecessary delayswhich are common to many other systems.
- Due to the system of codes encryption your data and your monetary funds are completely anonymous, it allows you to get rid of unnecessary worries.
And now on disadvantages:
Unfortunately, this payment system is only available for the residents of Belgium and Netherlands. And even if you are a resident of one of these countries it does not guarantee that you will be able to fund your account. You need to be the owner of the Belgian bank account and associate it with Bancontact online.
The second disadvantage should consider the fact that very few casinos generally accept payments made through this payment system.
What casinos accept Bancontact?
As it was mentioned before, there is just a little group of online casinos with Bancontact depositing available. They are located in Belgium or other European countries, so there’s no possibility for someone from USA to try using it.
Talking about future plans, it should be noted that with the development of a system of international payments in the European Union, many local online bankings are moving to a new format of operations, allowing citizens of other countries to make purchases online using methods like Bancontact. Show less
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