Bancontact is a Belgian financial services company whose payment service is becoming more widely available on many casinos popular with United Kingdom based players. It is perhaps more widely known as “Mister Cash”, but this branding was discontinued in 2016, with the name and logo of the company and service now referring only to Bancontact.
The service is certainly big in Belgium. Founded back in 1989, the company’s electronic payment service has grown to be one of the nation’s most popular methods of payment. It is available in over 80% of Belgian web stores, and can also be used in many of the nation’s real world stores such as supermarkets. But it is as a means of making payments online that the service has really come into its own. In 2016, the last year for which published figures are available, close to 40 million online transactions were made using the service.
While still predominantly centred on its Belgian heartland, the company has been expanding its service internationally, and is now also widely accepted in the neighbouring Netherlands. It is now also available in the United Kingdom and is rapidly increasing in popularity. Despite its relatively recent launch, the UK already contributes around 5% of the service’s total transactions.
The company provide conventional plastic cards, which can be issued by many different banks. But it is the company’s app which is making it particularly attractive to UK based players. First introduced in 2014, it is particularly useful for making online payments via laptops, tablets and mobile phones. This is the major reason for its rapid rise in popularity with casino players: as more and more gaming is done on the go on smartphones and tablets, so the possibility of making easy payments with your device becomes increasingly attractive. There is also no need to disclose any of your usual banking information like credit or debit card numbers, making this a more secure means of making payments.
Once the app is installed, all you need to is select Bancontact as your method of payment. Then just select the bank or credit account you wish to pay with. Enter your PIN code and you’re done! There is usually a limit of €500 (or equivalent currency) per transaction. A small service fee is also applied to each transaction.