Bancontact Online Casino Payments in Belgium

What is Bancontact?

Originally founded in 1989 under the name of Bancontact/Mister Cash, the debit card service merged with Payconiq Belgium to form the Bancontact Payconiq Company in 2018. The business has a single product, Payconiq by Bancontact, an app that lets you complete payments via your smartphone with the use of QR codes. Bacontact is presently expanding into other countries including France, Netherlands, and Luxembourg.

How Does Bancontact Work?

If you’re using casino Bancontact to make an online iGaming deposit, you simply log in and select Bancontact. Use either your PIN code or the built-in biometrics (facial recognition or fingerprint) to authorise the payment. It’s also possible to use the Bancontact app, which is not only able to speed up online purchases but also facilitate contactless in-store payments, set up recurring bill payments, and make money transfers.

Is Bancontact Accepted in Belgium?

Yes, Bancontact is by far the most popular means of paying in Belgium and is used by all major banks, including BNP, Paribas Fortis, Belfius, ING Belgium, Axa Bank, and KBC Bank. In fact, in 2022, Belgians made over 2.3 billion payments as the payment system is now integrated into many businesses.

It’s the same story with online casinos in Belgium, like MagicBetting and Casino Elite. Thanks to its speed, security, reliability, and familiarity, it’s the preferred payment method for making BE casino online deposits. However, it’s mainly used for deposits as most players use bank transfers for cashing out.

How to Make a Deposit With Bancontact

It’s no surprise that online casino players in Belgium use Bancontact to make deposits. After all, it’s fast and secure. The steps are laid out below.

1. Login to a licensed Belgian online casino with your credentials.
2. Head over to the “Cashier” or “Deposit” section.
3. Choose Bancontact from the payment options.
4. Enter the amount you wish to deposit.
5. Enter your Bancontact card number (this is linked to your bank account) or choose the QR code option if you’re on the Bancontact mobile app.
6. To confirm the payment, either
   1. Follow the redirect to your bank and confirm with a PIN or card reader.
   2. Use the app to scan the QR code and then approve the payment.
7. Once confirmed, the payment will show immediately on your casino account balance.

When you pay with Bancontact, it’s unnecessary to enter your card details on the online casino site. That’s because the authentication happens via your bank. This helps to reduce your exposure to fraud and unwanted attention.

How to Withdraw Winnings with Bancontact

Unfortunately, the majority of online gaming platforms in Belgium don’t support withdrawals using Bancontact. Yes, theoretically, the Bancontact casino could create a QR code for payment settlements, but most casinos prefer to let you find more convenient options. With that being said, if you do come across a casino that allows withdrawals, here are the steps to follow to get your winnings:

1. Go to the “Cashier” section of the casino’s website and select “Withdraw.”
2. Choose Bancontact as the payment method and input the amount.
3. Confirm and send the withdrawal request.
4. Wait for approval.

Don’t forget that you’ll need to meet the minimum cash-out limit and any wagering requirements before requesting a withdrawal.

Advantages and Disadvantages of Using Bancontact

In spite of its popularity, it’s not all plain sailing when it comes to utilising Bancontact at online casinos in Belgium. The biggest disadvantage is that most iGaming platforms don’t support Bancontact for withdrawals.

Fees and Limits for Bancontact in Belgium

Most banks in Belgium don’t charge for using the service, either in stores or online. Likewise, online Bancontact casinos in Belgium don’t have any additional fees for players using Bancontact, in spite of each platform paying a tiny percentage of each transaction as a merchant fee.

As for transaction limits, much depends on your individual bank. The average casino Bancontact requires at least €10 – €20 as a minimum deposit which will also grant you a welcome bonus. On the flip side, the Belgium Gaming Commission has mandated a maximum deposit limit of €200 per week, per website.

Is Bancontact Safe to Use at Online Casinos?

Yes, Bancontact is extremely safe for use with online gambling. It offers bank-level encryption with SSL/TLS protocols to protect your data as it’s being transmitted. Then we have 2-factor authentication, which utilises either a PIN code with your debit card or mobile confirmation via your mobile app.

When using the app, by having to scan a QR code, you’re minimising the risk of fraud. Talking of fraud, Bancontact uses real-time monitoring to ensure all transactions are legit.

Alternative Payment Methods for Belgian Players

Though making deposits with Bancontact is a cinch, the lack of a withdrawal feature might encourage you to examine other payment options. You’ll find that most online casinos in Belgium have e-Wallet payment methods, including PayPal, Skrill, and Neteller. Though all of these allow both deposits and withdrawals to a certain degree, the main sticking point for many players is that some casinos are reluctant to give out bonuses for deposits made with this banking option.

Probably the best method for both depositing and cashing out is the traditional yet trusty bank transfer (SEPA). Although it’s much slower to receive your withdrawn cash, it’s safe and secure, and accepted by all Belgian-facing online casinos.

Our Verdict: Should You Use Bancontact at Online Casinos in Belgium?

With zero fees and instant deposit times, Bancontact is a great choice for iGaming players in Belgium. It’s also secure and lets you grab those all-important welcome bonuses when you sign up and make your first deposit.

For convenience’s sake, the mobile-friendly Bancontact app lets you scan QR codes for even faster transactions. It’s also worth noting that Bancontact is trusted by all the major banks in Belgium. The fact that you can’t cash out with Bancontact sounds like a dealbreaker. But just use other available options, and you’ll still receive your winnings in a timely manner.