Multibanco
Multibanco is a network of around 30 banks that share resources. The system is run by Sociedade Interbancaria de Servicos S.A. and is widely available throughout Portugal. It processes millions of transactions every year.
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How does it work?
Online payments using Multibanco are made through the MB Net section of the system. To use this you need to sign into your Multibanco account and create a virtual credit card at MB Net. These virtual cards can be made for single or multiple use and are valid for one month through to twelve months. Virtual cards can be issued under American Express, MasterCard or Visa.
How to use Multibanco at an online casino
Once you've created your virtual credit card you need to register it on your Multibanco online account or a connected ATM before you can start using it. The card can then be used at any online casino that accepts major credit cards. Choose the type of credit card from the casino's list of payment options then enter the amount you wish to deposit along with your card number and security code. The money should be credited to your casino account within seconds.
Is it safe?
Yes, paying via Multibanco is very safe. The casino does not gain access to your financial details and the fact that you can choose a single use card means that nobody else can then use the card, even if they have the card number and security code.
Anything else I should know?
MB Net allows you to set a limit on virtual cards, which means you won't be tempted to overspend. This is particularly handy for online casinos where players might get carried away with gambling. You can only use Multibanco if you have an account with one of the Portuguese banks connected to the system.