Multibanco started out as a banking network in Portugal in the mid 1980s and has expanded and rolled out additional land based banking services as well as ATMs, and electronic and online banking services as worldwide banking system and technologies have developed. Multibanco now processes over 60 million transactions each month, which speaks to its reliability and robustness. It’s an online banking method that Portugese customers can use with complete confidence. In addition to this, in 2008 Multibanco was recognised as having the most functional ATM network in Europe.
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When it comes to online payment services, Multibanco is the most popular method used by Portuguese customers. This is facilitated by the service division of Multibanco known MB NET. It can be used for different purposes, from paying for goods and services online to making money transfers to other people’s Multibanco bank accounts, to making deposits an online casinos.
So when it comes to online transactions, if you have a Multibanco account, you simply select that as your payment method when you wish to buy from a website or fund your casino account. You are then transferred to a secure payment gateway that connects the merchant to your Multibanco account, allowing you to transfer the funds. The payment gateway is protected by multiple security layers, including the highest possible level of secure line encryption (SSL). It’s completely safe to make transfers in this way.
This transfer happens in real time, with no processing delay. If you’re a casino player, the funds appear in your account virtually instantly, so that you can start playing.
When you make a withdrawal from an online casino, the funds are transferred directly into your Multibanco account, meaning that you can withdraw it in the usual ways, including at ATMs. This is a very convenient feature which makes Multibanco a very attractive option to use for Portuguese residents confronted with many different online payment choices.
Further Resources and Information
Official Site 2: http://www.sibs.pt/pt/
Wikipedia: https://en.wikipedia.org/wiki/Multibanco