Bancontact / Mister Cash
Mister Cash was launched at the end of the 1970s as the first payment system by the then large banks Gemeentekrediet and Generale Bank. ASLK, BBL and Kredietbank reacted as major competitors with the development of a similar system, called Bancontact.
After years of competing with each other, it was decided in 1989 to merge the two systems into one overarching system for electronic payments.
In 2016, a large-scale marketing campaign was launched, in which the Mister Cash name completely disappeared. From that moment on, we only talk about Bancontact as a method to pay online, anywhere in the world and regardless of the bank where the payer has an account.
Pay with Bancontact in an online casino
Paying online with Bancontact in an online casino is very simple and also safe. After logging into your personal player account of the relevant casino, you can easily click through to the payment page via the Bancontact option.
You will be immediately redirected to the correct page, where you only need to follow and execute the instructions to make the payment. Payment can be made either via the card reader and the bank card, or via the Bancontact app that you can easily download on your phone.
This app works on the basis of a QR code and Payconiq to make the payment. If the payment has been made correctly, you will see a confirmation on your screen.
What are the advantages of paying with Bancontact at an online casino?
Bancontact is primarily a secure method of paying online.
It is also a very simple system. Every Belgian bank is affiliated with the system and almost every Belgian uses Bancontact to pay electronically. Anyone who does not like the hassle with a card reader will benefit from the app that can be downloaded on a mobile phone in the blink of an eye.
An additional advantage is that with Bancontact you can also withdraw money in addition to a payment. This is not possible with most other payment methods, which makes the procedure much more cumbersome and time-consuming.
Bancontact is a free system, where the online casino takes care of the transaction costs. Paying online in an online casino with Bancontact will be free of costs.
What are the disadvantages of paying with Bancontact at an online casino?
The biggest drawback is the limited availability. Until now, Bancontact is only available in a limited number of legal Belgian casinos, and then only for customers with a Belgian bank account.
Bancontact always works with limits, so you have to deal with a limited amount that you can pay with Bancontact per day. On the other hand, this does not have to be a disadvantage, it can perhaps mean an extra protection to avoid excessive gaming behaviour.
What can possibly be seen as a disadvantage is the language. Bancontact is only available in Dutch, French and English.