What is Bancontact?
Bancontact is the Belgian market leader when it comes to electronic payments. It offers a wide variety of payment services in addition to online payments, like in-store card transactions. This makes Bancontact a well-known and trusted name in Belgium. As a result, the number of people paying online with Bancontact as well as the average amount spent per transaction keep growing.
The consumer holds a physical card which is linked to a Belgian bank account. There are over 15 million Bancontact cards on the market, issued by 20 different Belgian banks. Bancontact processes about 150,000 online transactions a day. By offering Bancontact as a payment method in your webshop you can take advantage of this big, growing pool of Bancontact users.
Payments made through Bancontact are guaranteed and immediately confirmed. This means that the payment is final once it’s been made and can’t be reversed by the consumer. On top of that, payments with Bancontact are always protected by 3D-secure technology. In 2015, Bancontact introduced an app, which makes paying online even easier.
Add Bancontact to your payment methods and start growing your business in Belgium today.
The benefits of Bancontact through Mollie
- The most used payment method in Belgium
- A trusted name for Belgian consumers
- Payments are guaranteed and immediately confirmed
- Protected by 3D-secure technology
- A set, low fee of €0.39 for successful transactions