Multibanco Casinos
Across online casinos, you get to choose from many payment methods, especially if an international player, but if a player from Portugal, there’s one that you should choose over any other, MultiBanco. This is a national payment processing network that offers Portuguese users the very best conditions for the smoothest and most cost-efficient transactions. This is the most popular and most used solution in the country for various reasons, but mostly due to its remarkable reputation and credibility. In case you’re interested in using it, stay with us to learn more about it. What is MultiBanco and why use it across online casinos?
About MultiBanco
MultiBanco, as implied by its name, is a payment solution offered by multiple banks in Portugal. In fact, it was launched in the 1980s, as a joint effort by the top Portuguese banks. It is an interbank payment network launched and operated by the Sociedade Interbancária de Servicios or SIBS, which is a group of 27 leading Portuguese banks, that managed to create a network that manages to complete over 4.5 billion transactions a year.
When it was first designed, the network was crafted to facilitate the lives of people in Portugal and make their everyday payments and purchases easier than ever. Three decades in, and the solution still does the same thing. It continues using innovative tech and keeps up with trends to provide the very best service to Portuguese users, but also users from 11 other countries across Africa and Europe.
When the SIBS first launched it, there were only 9 ATMs offered across Lisbon and Porto, the two biggest Portuguese cities. Today, you will find over 12,000 ATMs all across the country, so even though it started small, it has expanded its reach immensely over the years. There are over 270,000 APTs, too, for more convenient transactions, and that’s why millions of users are using it.
The network continues to provide innovative services that facilitate transactions for both businesses and users. It continues offering many new products and functionalities, such as vouchers, queries, payments, cards and transfers. As you would assume, in order to use it, you’d need to have an active bank account with one of the 27 banks, and you’ll easily be able to transact through its network. And as long as you’re eligible to use it, you’re eligible to use all of its services, such as MBWAY, MBNET, MBSPOT and MBPhone, to name a few.
Even though with a strong presence and credibility at home, the network is today also recognized internationally, allowing users from other countries to use some of its services. Therefore, it is no wonder that the solution is offered across many international online casinos, especially those catering to Portuguese players.
Getting Started with It
We said that there are many services you could use through MultiBanco, but as an online casino player, you'd probably want to consider regular transfers and cards. These are usually the services offered across online casinos, so let's focus on them.
As mentioned, you’d need to have an active bank account with one of the member banks in order to be eligible to use the solution. You probably already have one, but if by any chance you don’t, you’d need to head over to the nearest leading bank in your vicinity. You’d need to apply for an account, providing the needed personal details. After the clerk opens your account, ask them to provide you with your online banking credentials. And with that, your account will be ready to be used.
While at the bank, or at home, online, make sure you apply for a credit/debit card. MultiBanco ATMs, as you may or may not know, accept Maestro, MasterCard, VISA, VISA Electron and American Express, so any of these would work. If you wish to use a voucher, visit the network's official website. Select the Vouchers option, and then choose the brand you'll go with. We need to mention here that Paysafecard will be an option. After you select the amount you wish to have on your voucher and complete the purchase, make sure you keep your receipt, as on it, you’ll have the needed voucher code to successfully transact across online casinos with MultiBanco. While we’re talking about casinos, continue reading to find out how to use the solution across the top ones!
How to Make a Deposit with MultiBanco at an Online Casino?
As you could see, as long as you have a bank account or a card, or you simply purchase a voucher, you can easily start using MultiBanco across online casinos. But how many casinos do you have at your disposal? Well, the solution has been operating for over three decades, so you should not be surprised to learn that it is widely spread across the online gambling industry. You’ll find it across the top international sites, especially those targeting Portuguese players. Check out at least a few of them, and decide on the one to go with.
After you register an account with the chosen casino, to use MultiBanco as your deposit method, you’d need to go through these steps:
- Head over to the casino’s Deposits/Cashier page.
- Look for MultiBanco’s logo from the offered solutions and press it.
- In the new window, enter the needed banking details, meaning bank account info, card or voucher details.
- Enter the amount you’d wish to put on your online casino balance.
- Confirm the transaction and in an instant, the money will be on your balance.
As you can see, deposits with this solution will be processed instantly, and you’ll be able to start playing your favourite games right after you get the money on your balance.
How to Make a Withdrawal with It?
You should know right away that not all casinos that accept it for deposits also accept MultiBanco for withdrawals. Most do, but still, before you decide to make withdrawals with it, double-check whether it is an option for cashouts.
If yes, you'd need to go through pretty much the same procedure as described for depositing. This time, of course, in step 4, you'd need to enter the amount you'd wish to cash out from your casino balance. After the casino checks and approves your request, the money will be transferred to your bank account.
Applicable Fees
As an interbank payment network, MultiBanco charges no fees. In fact, it was designed with the aim to offer the most cost-efficient transactions to Portuguese users, eliminating all unnecessary transfer costs and fees.
However, you should bear in mind that some casinos may charge fees for using the solution, especially if you’re using cards. Also, some of the issuing banks may charge fees for transactions with cards, so before you choose the service to use, make sure you find out more about any fees involved, by contacting the bank directly.
Accepted & Restricted Countries
Obviously, MultiBanco is a Portuguese payment method and one that is incredibly popular in Portugal. But as mentioned, some of its services are offered across 11 other countries.
Since it went international, you’ll find MultiBanco available in Timor, Poland, Romania, Angola and Algeria.
Other accepted countries include Sao Tome and Principe, Malta, Bulgaria, Luxembourg, Spain and Kazakhstan. So, if a player from any of these countries, you’d be able to use some of its services. Which ones precisely, you’d need to check.
Available Currencies
The default currency, considering this is a Portuguese method at heart, is the euro. Since the euro is the currency used in the country, and you’re transacting via an interbank network, using your bank account, it is only natural for the euro to be the default currency.
But since banks are involved in the process, you probably know that you can also use foreign currencies, but for a conversion fee.
Customer Service & Support Options
MultiBanco, being so popular across the country and with a long history of successful transactions across its borders, knows that Customer Support is essential. That’s why it offers one via phone lines, 24/7. You can contact the agents via the 808 201 251 and 217 918 780 phone lines if calling from Portugal, or via the (00 351)217 813 000 and (00 351)217 918 780 if calling from any other of the accepted countries.
You also have the on-site contact form to use in case your question or problem does not need an urgent solution. It is available on the Contact Us page. You would need to provide your phone number and email, along with your message, and wait for the agents to get back to you with an answer.
Your chosen online casino also offers Customer Support, especially when it comes to depositing and withdrawing. If having such issues, you could contact the casino’s Support agents, too.
Multibanco payment method fees and facts | |
Multibanco is popular in these countries Portugal | |
Countries restricted from using Multibanco | Afghanistan, Aland Islands, Albania, Guernsey, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Congo Democratic Republic, Cook Islands, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Democratic People's Republic of, Republic of Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macau, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Federated States of, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Helena, Ascension and Tristan Da Cunha, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and The South Sandwich Islands, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, United States Minor Outlying Islands, Uruguay, Uzbekistan, Vanuatu, Vatican, Venezuela, Viet Nam, Virgin Islands, British, Virgin Islands, U.S., Wallis and Futuna, Western Sahara, Yemen, Yugoslavia, Zambia, Zimbabwe Show more |
Available currencies | EUR |
PrePaid card | n/a |
Cash withdrawal at ATM limits/24h | €400 (holders of foreign accounts can withdraw more, depending on their bank) |
Link to terms & conditions | https://www.multibanco.pt/ |
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FAQs
How can I know the solution is safe?
Is MultiBanco’s official website available in English or Portuguese only?
Can I download any app to use MultiBanco’s services?
How can I know whether the solution is available for withdrawals at my chosen casino?
How many casinos at LCB offer MultiBanco as a payment method?
Overall Ratings
Member's feedback (1)
A good way to deposit. Most of the times, the money is credited to the account in under 5 minutes. Unfortunately, some times, there are problems and the deposit takes up to 24 Hours or you may have to contact the casino support , provide the receipt of the deposit in order.to receive your money.
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