Bancontact Mister Cash Casinos
While those familiar with the online gambling industry will be familiar with the payment processors that are most popular worldwide, there are many other brands that have a huge market presence locally in various markets. Because of their popularity, often established decades ago, these methods are critical to the success of casinos working in certain countries.
One excellent example of this sort of market penetration is the Bancontact card, a product also known as Mister Cash. This debit card system was introduced by Belgian banks beginning in 1979, and eventually saw the two competing systems (Bancontact and Mister Cash) combine into one network that services all of Belgium. Since 2006, the system has also allowed for online payments that are similar to those made with Visa and MasterCard-branded cards worldwide.
Today, the service is extremely popular at both land-based and web-based merchants in Belgium, where it is said that more than 80% of all Internet merchants accept the card. It also has reach into some neighboring countries: in particular, users might find their cards accepted from a reasonably high number of shops in the Netherlands (and, to a lesser extent, the UK). Online, the cards were used in about 27 million different transactions in 2015, making this a truly important player in the world of payment processing.
How to Deposit with this Method
To get started, you’ll need to have a bank account at a Belgian bank that participates in the Bancontact network. You’ll also need to sign up at a casino that accepts this as a deposit method. That shouldn’t be a problem, as there are many reputable casinos in Belgium, and most of them accept this card.
Once you’re ready to make your transaction, you’ll want to take a look at the list of options in the cashier at the gambling website you’re playing on. You should see Bancontact (or Mister Cash) as a specific option that can be selected. Once chosen, you’ll have to input your name, card number, expiration date, and verification code, as well as the amount you would like to deposit.
This is where the process diverges from using, say, a Visa or MasterCard. Rather than immediately processing your payment, you’ll instead be taken to your bank’s online banking system. There, you will have to confirm that you’d like to make the funds transfer, just as you would if you were paying your bills over the Internet.
Once confirmed, you’ll be sent back to the casino. Assuming there are no problems, the money should be transferred into your account immediately, allowing you to start playing in moments.
For the most part, Bancontact shares the same advantages that you’d find with any major credit or debit card. The fact that it is so widely used in Belgium makes this an easy way for almost all players in the country to get started with online gambling. It also shares the speed and ease of use seen with other similar cards.
To be fair, this isn’t quite as convenient as using a Visa or MasterCard, as there is an extra verification step involved. But that adds very little time or complexity to the process, while adding plenty of extra security against identity theft or fraud. Since you’ll need to be able to log into your bank account in order to make these transfers work, even someone who has your card information will find it difficult or impossible to spend your money. We also like the fact that this is a debit system, which means you can’t go into debt by using it.
Can This Method Be Used in Other Countries?
Surprisingly, Bancontact has a reasonable level of coverage outside of Belgium, and this may extend to some foreign gaming sites as well. A significant portion of transactions using these cards take place in Holland, and you’ll also see occasional acceptance in the UK. However, this is not a product that has worldwide reach.
Can I Process This as a Credit/Debit Card?
Because this is a hybrid debit system that requires verification of your bank account, you can only use this card in places where it is specifically supported. That means that if you find “credit card” or something similar as an option on a banking screen, you won’t be able to use your Mister Cash card through that method.
What Are Some Alternative Options?
Of course, other credit and debit cards can also be used in ways very similar to this option. If that’s not a possibility, other bank transfer options may also be available to you, such as wire transfers. Finally, you could try linking your checking account to an e-wallet like Skrill or Neteller.