New Bancontact Casinos
New Bancontact Casinos
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Areas of Use
There are a number of players at online casinos who are involved when making electronic payments including the terminal distributor, the payment service provider, the acquirer and the payment scheme. Bancontact would be an example of the payment scheme. Other examples of a payment scheme are Visa or MasterCard. This means that for the most part, Bancontact is made available for users through payment cards.
The purpose of Bancontact is to ensure that electronic payments are made safely, and the process is simple. Furthermore, it makes it possible to also make payments using your smartphone. Bancontact developers understand that there are times when their customers want to make payments while they are on the go. This is possible with Bancontact as there is the Bancontact app which can be downloaded. The app is available from Google play, the App Store as well as Microsoft. To make a mobile payment, you should download the application, and then make payments by scanning QR codes and input the amount that you want to pay and your pin code. This way, you will be able to finalize the payment process with ease.
How it works
All over Belgium, Bancontact is used to make payments as a card payment solution. If can be used to purchase fuel at petrol stations, and also when shopping both online and in stores. There are two main ways that Bancontact works. The first looks at financial or payments infrastructure. Here, Bancontact determines how money will be transferred from the account of a payer to that of a recipient. This is done through a three-step process. The first step is verification where the customer inputs their PIN code and this will determine whether there is enough money in the account of the card holder to cover the payment as expected. Then there is the calculation step that includes exchange of financial information between the issuer and the acquirer. The final step is the processing of the actual payment.
The second way is by making sure that the payment process is fast, secure and transparent. This is done through licensing which puts down the terms and conditions that the issuers and acquirers must adhere to. There are also general rules that are put in place through agreements and finally technical specifications that outline all the processes that the payment partners are meant to follow when they offer card and payment terminal solutions.
How to make a deposit
When you decide to make a payment using Bancontact, you can do so with ease. To begin with, you need to ensure that you have a Bancontact card. Then, when you are making the payments, you need to enter your bank card details as well as the CVV code to finalize the payment. Once it has been completed, then you will receive a notification on the same. The payment will immediately be made through your bank account, though it may take several hours to reflect as processed as it goes through the various servers.
In order to use this payment method, you need to start by making sure that you have money on your card so that you can make deposits with ease/ Begin by logging into the selected new online casino and then go for the cashier or banking section. In this section look for the Bancontact logo from the list of available options. You will normally find it in the Debit or Credit card section. Put in the card information as required, as well as the amount that you want to deposit. Then complete the transaction. Once you have done so, the funds will then be debited from the bank account of the card user. The first deposit may have a slight delay as the verification process is followed by the system, but after this, deposits will normally appear immediately in the accounts.
Safety takes center stage when it comes to using this payment method, as it needs to fit within a range of industry standards for it to be usable. Furthermore, it is also necessary for the card to be equipped with a 3D security protocol meaning that there is an additional step when it comes to verifying payments. This means that the card is ideal for online transactions. This is important as it helps to combat fraud which brings down the risk when making payments on online casinos giving additional protection to players.
Another key concern for security is the Bancontact application, and users can trust that it fits within the strictest security standards. All transactions require one to use a personal four-digit PIN code. Furthermore, every transaction is also automatically monitored adding another level of security. The application does not store any personal user data. With every transaction, you will receive a notification on your form that you can keep for verification. This means that in case someone tries to use your Bancontact bank card, you will immediately find out and can get in touch with customer support to stop the transaction.
– High security protocols make this payment option considerably safer than wire transfers and other methods
– Links to bank accounts make it easier to carry out transfers as there is no need to wait for additional funds to move from one account to another
– Payments can be processed quickly and without any hassle
– Third parties do not get personal information shared when using this payment method