Established in 1985, Multibanco is a Portuguese based online banking method that allows users to make deposits and receive payments online. Apart from accepting online casino transactions, Multibanco also offers users a secure way of making online payments in other industries, including e-commerce. In the iGaming industry, Multibanco is widely used by Portuguese gamblers. Over the years, Multibanco has received recognition in the banking industry for its products and services.
On this page, we are going to look at the top-rated online casinos that offer Multibanco as a payment option.
Who can use Multibanco?
As stated earlier, Multibanco is located in Portugal. So, it is only available for players who reside in that region. Furthermore, the Multibanco website is available in the Portuguese language, making it ideal for gamblers who speak the language. When you sign up for a Multibanco account, you will be given a virtual credit card. This Multibanco virtual card can be issued by MasterCard or Visa. After loading your account with cash, you can go ahead and use it at your preferred online casino.
Making a Deposit to your casino account using Multibanco
The process of making casino payments using Multibanco is relatively straightforward. After you have funded your Multibanco virtual card, you will be required to select it from the casino cashier page. After that, you will then be required to provide several details, and the payment will be processed. After the deposit is completed, you will receive a confirmation message via your mobile phone. Using Multibanco for casino deposits is faster compared to other options like wire transfer. This is because once the payment process is completed; your funds will immediately be available for play.
When you use Multibanco for casino deposits, you will not incur any transaction costs. Also, with Multibanco, you are assured of a secure banking experience as the operator uses the highest security software. Also, Multibanco online casinos allow you to set deposit limits whenever you visit the site. This way, you will only gamble what you can afford to lose. Another advantage of using Multibanco for online casino deposits is that you can access it via mobile devices. So, if you enjoy mobile casino games, you can be able to track your gambling payments while on the go.
Although Multibanco is available as a deposit option, you cannot use it for withdrawals. However, you can use other options like wire transfer to withdraw your winnings. Another drawback of using Multibanco is that you must be an account holder with the over 20 participating Portuguese banks. Also, with Multibanco, you may incur some transaction costs when loading it with money using bank transfer.
Multibanco has been accepted as a payment option across the Portuguese gambling industry. Seeing that Portugal is a regulated gambling market makes it a secure way for players to make their online casino payments. So, if you reside in Portugal and have an account with any of the eligible banks, you should consider using Multibanco for your online casino transactions.