Open up your online business to the Portuguese market by offering the most popular payment method among Portuguese shoppers. Get secure online sales offering a trustworthy payment system that is completely secure.
Multibanco is the most commonly used payment method in Portugal. Roughly 85% of all sales by Portuguese consumers use this payment method. By offering Multibanco on your ecommerce, your customers can pay through their own online banking environment without sharing any personal or card details. Add Multibanco to your online business and give customers a fast, secure shopping experience integrated with the main banks.
Accepting Multibanco opens up your market to the European payment network with the most integrated services. With over 20 million cards, it is a popular, reliable, secure payment method for your online business.
Over the years, Multibanco has expanded its services and now offers more than 90 operations through online and offline channels.
Multibanco purchases comply with the highest security standards, which builds trust with both merchants and customers.
Your customers don’t have to log in or register to use Multibanco. This improves the shopping experience for them and boosts conversion for you.
Multibanco lets customers shop online immediately, paying through their online banking or at a cash machine.
The customer chooses the Multibanco option at checkout in your online shop.
The customer gets payment details, logs into their online banking system and confirms the transfer using the payment details. Or finishes the transaction at a cash machine.
After the payment flow is complete, the customer and merchant receive confirmation that the funds have been sent.
Multibanco is totally secure. It is also the most commonly used payment method in Portugal.
Using its online payment apps, Multibanco clients never have to share their real card info with the merchant. All they have to do is choose Multibanco as their payment method and confirm the payment in the app.
Plus, all transactions are confirmed with a six-digit PIN known only to the account holder, giving it a solid payment authentication system.
If you use an ecommerce CMS, you can integrate the PAYCOMET Virtual POS in just a few clicks and start offering Multibanco. Download the module, request a trial account and find out how easy it is to start selling with PAYCOMET.
Multibanco is an interbank network, operated by Sociedade Interbancária de Serviços, that connects the 27 most important banking institutions in Portugal.
Originally, Multibanco allowed customers to pay a merchant or organisation through one of its cash machines. Today, account holders can choose to make payments at a cash machine or through ePayment.
As a PAYCOMET client, you can activate this payment method in your dashboard. With one simple process, the Multibanco button will be added to your payment form. Check out the technical documents for integration here.
The Multibanco process is completely secure. To ensure the card details are secure during online purchases, users must use MB WAY service, MULTIBANCO references or the 3-D Secure protocol for credit card payments.
Want to accept payment with Multibanco?
Contact us or create a free account and start offering payment with Multibanco today.