Bancontact

What is Bancontact?
Bancontact is a leading payment method in Belgium, allowing customers to process Direct Debit bank payments via card or mobile app online or in-store. As a result of its popularity, Bancontact typically processes over 150,000 transactions a day with evergrowing average order values.
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Payment Type | Commerce Channel | Chargebacks | Recurring | Refunds |
---|---|---|---|---|
Payment TypeDigital Wallet & Debit Card |
Commerce ChannelE-commerce and in-store |
ChargebacksNo |
Recurring |
Refunds |
How Does It Work?

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Frequently Asked Questions
To get a merchant account, all you need to do is send us an application. You’ll be partnered with one of our banking partners in order to provide you with the best merchant account options that are cost-effective and suit your business best.
A merchant account is a business bank account. It’s used to receive payments from debit and credit cards for your products or services. Payments are held in your merchant account until they are settled into your bank account.
The cost of your merchant account will depend on various factors such as the type of industry and/or the level of risk involved in your business. For example, a high-risk merchant account would cost more than a low-risk merchant account.