Bancontact - the most popular payment method in Belgium
For online and mobile payments
What is Bancontact?
Bancontact is the most popular online payment method in Belgium. Payment is completed in the customer’s own internet banking environment. It is a guaranteed payment method. In other words: the money is transferred directly and payment is irreversible. This online payment method is similar to the Dutch iDEAL. Belgian customers regularly pay in stores, restaurants and webshops via Bancontact with their smartphone by means of the Bancontact App. Or by using the Payconiq App.
How does Bancontact work?
A payment with Bancontact is similar to an iDEAL payment. The online payment process is carried out through a secure connection with the buyer’s trusted internet banking environment. The payment is completed and Buckaroo communicates the transaction status in realtime.
An additional advantage is that it is a direct and guaranteed payment, offering safety and security. For the buyer cannot reverse the payment.
Get a higher conversion rate with the Bancontact App
Of all Bancontact payments, 33% are made using the App. Is Belgium your sales market? All the more reason to offer this smartphone payment method during checkout. Merchants offering Bancontact Mobile on their website have noticed that this boosts their conversion rate with 15 to 20%.
Do you want to add Bancontact as a payment method directly via Buckaroo? Then Bancontact Mobile is included. Without extra charges. You only pay the customary transaction fee.