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Bancontact

BANCONTACT

Bancontact is a Belgian payment method and the local market leader in electronic payments. Successful entry into the Belgian e-commerce market, therefore, requires Bancontact to be a payment method.

Around 75 percent of all residents in the country have a Bancontact debit card and use it to shop online. It is the most used card in Belgium. With Bancontact, customers can pay for products and services in real-time. All you need is a bank card with a PIN, which is automatically included with every Belgian bank account.

Bancontact is also a popular acceptance method for retailers. Most Belgian retail outlets, as well as online shops, accept the payment method as it offers their customers a fast, easy to use and secure method of paying for goods and services through their own bank account. Merchants are also guaranteed their money and benefit from not having to make chargebacks.

In addition, Bancontact is a popular alternative for consumers who do not have or want to use a credit card. In contrast to other payment methods such as PayPal, consumers do not have to create their own user account with a password for Bancontact. All you need is a Belgian bank account. Paying via your own bank also leads to a high level of trust in Bancontact as a payment method among consumers.

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      pci pci dss software hosted in germany
      • A credit getting swiped in an online bankingHow to Secure Your Payments in 2023
        March 21, 2023
        As e-commerce booms throughout Europe, selling online can be a great way to reach more customers. In 2022, 75% of people in the EU shopped online. [Read more…]
      • Currency exchange, money transfer concept, economy and financial backgroundHow to Use Payment Automation in Cross-border Payments in 2023
        March 20, 2023
        Clarity into payments is highly desirable. Even more so for cross-border payments. Having visibility into what payments are coming in and going out [Read more…]
      • woman upset over payment failure5 Pain Points of E-commerce Payments and How to Address Them in 2023
        March 14, 2023
        Despite making the digital transition, many small and medium businesses (SMEs) struggle when dealing with core payment issues. True, payment [Read more…]

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