With the segregation of many online casino jurisdictions based on new regulations, the European market has become much tougher for casinos to do business with. The toughest part of this is definitely the payment processing piece. These days, with so many countries implementing their own rules regarding banking and online gambling, a casino must find payment processors that are compliant with those rules. As a result, we have seen a dramatic increase in the number of new companies that are niche-market focused. Multibanco is one of these companies, helping Portuguese players get their money to and from approved casinos.
What is Multibanco and how does it work?
Multibanco is a payment processor made up of a network of banks and ATM companies in Portugal. The company was formed to make online shopping more secure for clients of these companies by creating a virtual credit card that could be used instead of using the direct banking information of their clients.
In order to use Multibanco as a payment method at an online casino, you need to have a debit or credit card from one of the following Portuguese banking institutions: Activobank; Banco BPI; Banco Espírito Santo; Banco Espírito Santo Açores; Banco Popular; Banco Santander Totta; BANIF; Barclays; BEST; BIG; CCAML; Caixa Geral de Depósitos; Millennium BCP; Montepio and Unicre. Now, this is a large network that covers the majority of the population.
Once you create your Multibanco account, you are issued a 16 digit virtual card number that can be funded by our debit or credit cards. Now, armed with this more anonymous, secure card number, you can head to the cashier of the casino where you want to play. You select Mutibbanco as your payment choice, and you are asked to enter that secure 16 digit number. After you select the amount of your withdrawal, your account will be credited, and you can head to the casino lobby.
Can I use Multibanco if I am not from Portugal?
We aren’t entirely sure if the system is ring-fenced by geographic location, but it is assumed that to get an account at one of the participating banks, you need to be a resident of Portugal. We never recommend that players try to circumvent the systems in place. Banks can be ruthless when it comes to their laws, and you could find your money confiscated and your account closed if you are trying to use Multibanco from an unauthorized location.
Ok, this sounds great, where can I use Multibanco to play?
This is the easy part! We have done all the hard work for you by reviewing hundreds of online casinos, including making comprehensive lists of casinos that accept different payment processors like Multibanco. Below, we have taken some of the highest recommended sites from our reviewers and put them on one list for you to look through. We are certain that from this list you will find a casino that has everything you are looking for, including the Multibanco logo in the cashier.
