Bancontact Mister Cash Payment and Withdrawal

Despite there being a large selection of payment and withdrawal methods available to online gamblers, often the best and most convenient way, is to use a local service.  With the majority of countries around the globe having at least one national bank, it’s usually possible to use their own service, when wanting to make a deposit or withdrawal at an online gambling website.  For the people of Belgium, this service is the Bancontact Mister Cash.

The Facts

Website:  www.bancontact.com

Developed by three different financial institutions, the General Savings and Pensions Fund, Credit Bank and Banque Bruxelles Lambert in 1979, Bancontact is the leading Belgian online payment processor.  The electronic payment service was first offered by Bancontact in 1989 and in 2006, the service became available for online purchases.

Bancontact Mister Cash is a type of debit card, which is linked to bank accounts held with Bancontact.  As a result, it’s possible to use this card to make payments throughout the majority of stores in Belgium.  It can also be used to make payments at Belgian and some Dutch shopping websites.  In terms of making a payment in a physical store, it’s simply a case of providing the pin number which goes with the card.  However, to make a deposit on a gambling website, it is not as straight forward as that and extra security measures have been put in place.

Using Bancontact Mister Cash to Bet Online

Having found the deposit page on your gambling website, locate and click on the link for Bancontact Mister Cash.  Please be aware, that unless you are based in Belgium and possibly Holland, you will not see Bancontact Mister Cash as an option.  You have to be resident in Belgium to use it.

Upon selection of Bancontact, enter the amount you would like to deposit and click to proceed.  At this point, you will be asked to enter your Bancontact card details, as you would any other form of credit or debit card.  Therefore, you will have to provide your full name as it is on the card, the long card number, the date of expiry and the security code on the back of the card.  However, as mentioned above, this is not where the security check stops when using Bancontact Mister Cash.

Having provided your card details, you will be transferred to the login page of your internet banking website.  From here, you will need to enter your online banking details as you normally would, for any other type of transaction.  This could include entering your pin number and using a card reader, which will provide you with a code, so you can confirm the transfer.

Once this is complete, the funds should transfer immediately to your online gambling account and be ready to use.  There are no fees charged when making a deposit.  However, at the time of writing, it’s not possible to withdraw funds from gambling websites using Bancontact Mister Cash.  Therefore, you will have to make alternative arrangements, if you would like to transfer money out of your online gambling account.  We recommend using a service such as Neteller or Skrill to do this, if nothing else is available.

Bancontact Mister Cash Advantages

• It’s one of the most popular payment services in Belgium.
• Deposits appear in your gambling account instantly.
• There are no fees charged when making a deposit.
• Security is taken very seriously and it’s an extremely safe method to use.
• You can deposit large amounts at one time but will need to check individual limits with your bank.
• As it’s a debit card service, you can not gamble more than you can afford.

Bancontact Mister Cash Disadvantages

• It’s only possible to use the service if you are in Belgium and possibly Holland.
• You need to have a bank account which accepts Bancontact Mister Cash.
• It is not possible to make a withdrawal from online gambling accounts.
• Although security is very good, it can be time consuming when making a deposit.

Summary

• Bancontact Mister Cash is available to people living in Belgium
• It’s very safe and secure when making a deposit but can take more time to complete than alternative methods
• Deposits appear in online gambling accounts instantly
• You can not make a withdrawal using Bancontact Mister Cash