Open up your online business to the Portuguese market by offering the most popular payment method among Portuguese shoppers. Get secure online sales offering a trustworthy payment system that is completely secure.
Multibanco is the most commonly used payment method in Portugal. Roughly 85% of all sales by Portuguese consumers use this payment method. By offering Multibanco on your ecommerce, your customers can pay through their own online banking environment without sharing any personal or card details. Add Multibanco to your online business and give customers a fast, secure shopping experience integrated with the main banks.
Accepting Multibanco opens up your market to the European payment network with the most integrated services. With over 20 million cards, it is a popular, reliable, secure payment method for your online business.
Over the years, Multibanco has expanded its services and now offers more than 90 operations through online and offline channels.
Multibanco purchases comply with the highest security standards, which builds trust with both merchants and customers.
Your customers don’t have to log in or register to use Multibanco. This improves the shopping experience for them and boosts conversion for you.
Multibanco lets customers shop online immediately, paying through their online banking or at a cash machine.
The customer chooses the Multibanco option at checkout in your online shop.
The customer gets payment details, logs into their online banking system and confirms the transfer using the payment details. Or finishes the transaction at a cash machine.
After the payment flow is complete, the customer and merchant receive confirmation that the funds have been sent.
Multibanco is totally secure. It is also the most commonly used payment method in Portugal.
Using its online payment apps, Multibanco clients never have to share their real card info with the merchant. All they have to do is choose Multibanco as their payment method and confirm the payment in the app.
Plus, all transactions are confirmed with a six-digit PIN known only to the account holder, giving it a solid payment authentication system.
If you use an ecommerce CMS, you can integrate the PAYCOMET Virtual POS in just a few clicks and start offering Multibanco. Download the module, request a trial account and find out how easy it is to start selling with PAYCOMET.
The process is quick and familiar for Portuguese users. When the purchase is confirmed, your ecommerce store generates a payment reference (Entity, Reference, and Amount). The customer completes the payment through their online banking, the MB WAY app, or any ATM in the Multibanco network. Once completed, PAYCOMET notifies you in real time so you can validate the order.
Accepting Multibanco payments with PAYCOMET has a cost of 1.40% + €0.25 + €0.09 per transaction. In addition, you can start selling now and enjoy 3 months of the service for FREE to try out the platform.
As a PAYCOMET customer, you can activate this payment method from your control panel. The payment button will appear in your checkout easily. If you use a CMS (PrestaShop, WooCommerce, etc.), you just need to update our plugin. You can find the technical documentation here.
The funds accumulate in your PAYCOMET dashboard and are automatically settled into your linked bank account according to your settlement cycle. You can manage and reconcile all your payments in a unified way from a single place.
Contact us or create a free account and start offering payment with Multibanco today.
