MULTIBANCO Online Casinos 2024 - Casinos That Take MULTIBANCO Deposits

What’s To Know About Multibanco

Multibanco is a payment network specifically designed for users in Portugal. It started in 1985 and is managed by SIBS, which includes over 25 major Portuguese banks. This system connects these banks together, making it simple to handle all kinds of payments, get cash from ATMs, and make online transactions at any casino.

Multibanco Payment Services

Multibanco has many services, including:

• Multibanco: A network of POS terminals and ATMs of member banks;
• MB Way: An eWallet to make payments from anywhere in the world;
• MB Net: Virtual credit/debit cards powered by Visa, Mastercard, and Amex;
• MB Spot: This lets you make payments through ATMs in the Multibanco Network.

One great feature of Multibanco is its focus on privacy, which is ideal for those who prefer anonymous transactions. For instance, you can buy cryptocurrencies with MB Way and play at online casinos without having to share personal details. 

Although Multibanco operates primarily in Portugal, you can still use it in over ten other countries—including Malta, Algeria, Romania, and Poland—as long as you have a Portuguese bank account.

How to Open a Multibanco Account

I like Multibanco and all its offerings, but opening an account is not the easiest process unless you have a bank account in Portugal. If you already have one, read on to open a Multibanco account.

At A Local Bank

• Visit a Portuguese bank in the Multibanco network.
• Provide KYC documents such as an ID card, passport, tax identification number, and proof of address.
• Request a Multibanco card, either physical or virtual, linked to your account.
• Activate the card at an ATM and set your PIN.

Multibanco eWallet (MB Way App)

• Download the MB Way App from Google or Apple Play Store.
• Register with your mobile number and Multibanco card details.
• Verify registration via an SMS code.
• Link your card to the MB Way app, possibly requiring activation at a Multibanco ATM.

Making Payments in MB Online Casinos

If you have a Portuguese bank account, using Multibanco to make payments at online casinos is quite easy. Here’s a simplified guide on how to do it:

Choosing a Multibanco Online Casino

Start by selecting a casino that supports Multibanco payments. Look for features like mobile compatibility to ensure you can play on your device.

Also, prioritize casinos with great customer support, available 24/7 via live chat, email, and telephone; a variety of games and bonuses and responsible gambling tools.

Depositing Funds with Multibanco at Online Casinos 

You can use either your MB card or the MB Way app to make deposits. Here’s how:

1. Register at a Mutibanco Casino of your choice;
2. Head to the cashier/banking section;
3. Click on deposit and choose Multibanco from the list;
4. Enter your bank number, CVV, and pin;
5. Confirm the transaction and wait for it to reflect in your account. 

For MB Way App deposits:

1. Choose the MB Way option from the list and log into your account.
2. Enter the amount you want to deposit and your password to confirm the transaction.
3. Wait for the deposit to reflect in your account.

Withdrawing Winnings with Multibanco at Casinos

Like depositing, cashing out your money is quite simple, and here are just 3 steps for you to follow:

• Visit the cashier section and select ‘withdraw’.
• Choose Multibanco from the options and enter your card details to confirm.
• Wait for the funds to appear in your account.

If using the MB Way App:

• Select it from the list and enter the amount you want to withdraw.
• Input your PIN and wait for MB Way to generate a withdrawal code.
• Use this code to complete your transaction.

Multibanco - Special Offers and Bonuses

I was happy to see that there are some Multibanco casinos that will offer all kinds of bonuses for gamblers. Here are some of the major options:

• Welcome Bonuses: When you sign up and make your first deposit, you can receive up to 100 free spins and a bonus that boosts your deposit by up to 150%, plus additional free spins.
• Reload Bonuses: After making your first deposit, you can get all kinds of bonuses, from match bonuses to free spins or free chips. Who knows? Maybe one is valid for your favorite casino game.
• Cashback Bonuses: If you’ve had a run of bad luck, a casino might give you back a percentage of your losses, often ranging from 10% to 30%. 

Pros of Using Multibanco Transactions

I was impressed by the range of benefits I got from using Multibanco at online casinos. Below are some of them: 

1. High Level of Security

• Transactions are highly encrypted using layers of security protocols.
• You need to generate a withdrawal code to withdraw funds with MB WAY.
• The MB Way App also requires a 6-digit PIN to complete transactions
• Your Multibvanco card is safe with a CVV and pin code.

2. Fast Payment Speed

• Deposits are instant 

3. Ease of Use

• Opening an account and ordering a card is easy
• You can use the MB Way App to manage payments on the go

4. Privacy

• You only enter your card information in the online casino.
• Using the MB Voucher gives you the benefit of playing anonymously
• You can purchase cryptocurrencies and play anonymously with the MB Way App.

5. No Fees 

• No Fees attached to payments at Multibanco casinos 

Drawbacks of Using Multibanco 

I wasn’t surprised to spot a few downsides with Multibanco since even the best payment options have them. Here are some of the ones I recommend you note: 

1. Geographical Restrictions

• A Portuguese account is needed to use Multibanco at online casinos.
• Multibanco is not supported in numerous regions, including Egypt, Japan, Greece, and Estonia.

2. Account Limitations

• The maximum amount you can withdraw per transaction is €200, while there is a daily limit of €400.
• You can only use Euros with Multibanco. Conversion is allowed at a fee.

Multibanco vs. Other Payment Methods

Multibanco:

• Fees: No fees
• Countries Supported: Portugal and 10
• Currencies Supported: Euros
• Features: Vouchers, eWallet, credit/debit cards, mobile apps, and virtual cards

UPayCard:

• Fees: $4.7 fee attached to requesting card, and other fees for loading card and monthly maintenance
• Countries Supported: 100
• Currencies Supported: Euro, USD, and ILS
• Features: Reloadable Prepaid Card, Mobile app, and eWallet

Neosurf:

• Fees: 5% for withdrawals via bank transfers and 3% using specific merchants, currency exchange fee of 2% - 3%
• Countries Supported: 50
• Currencies Supported: USD, AUD, CAD, EUR, NZD, and Japanese Yen
• Features: Prepaid Voucher, mobile app, and eWallet

Conclusion: Is it Worth Using Multibanco? 

I found Multibanco to be quite an effective payment option in online casinos. It is easy to set up, supports fast deposits, and has no fees. 

However, this payment method requires a Portuguese bank account, so it's not ideal for all players. If you want alternatives with fewer restrictions, I would recommend VISA online casinos.