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.