Bancontact is a very popular online payment method in Belgium and a very convenient solution for making deposits on betting sites. It explains why so many Belgian bettors use Bancontact for their online betting needs, and while Bancontact is a very straightforward payment method, there are a few things punters should know about it.
In this article, we'll take a closer look at Bancontact and betting with it and answer three key questions that aspiring Bancontact punters should know about, including:
- Where to find the best Bancontact betting sites?
- How to use Bancontact for sports betting?
- How do you deposit and withdraw money with Bancontact?
List of the Best Bancontact Bookies
Bancontact is Belgium's most popular online payment solution, with over 15 million users. Not only is Bancontact used as a payment option for online purchases, but it's also one of the most commonly used methods to fund accounts on Belgian betting sites.
Due to its popularity, Bancontact has become one of the most available payment options on sportsbooks in Belgium, which made online betting with Bancontact an obvious choice for all Belgian gamblers. Naturally, local punters have plenty of options when looking for sports betting sites that accept Bancontact, but with many options also the tedious task of finding top Bancontact bookmakers.
But even that is quite simple if you know where to look.
|Safety||Before signing up with any bookmaker, we have to ensure that it is safe and legit, and the best way to confirm that is to ensure that it has a valid betting license. Bookmakers have to obey a long list of rules to obtain and keep a gambling license, and one of the things it has to do is to protect its customers, their personal information, and money.|
|Reputation||Likewise, it’s wise to check online reviews of the bookmaker to see whether it has a good reputation. Some bookmakers can be legal and secure but will have a bad reputation due to delayed payments, bad odds, or poorly optimized websites, so it pays only to use reputable bookmakers with a good reputation.|
|Competitive odds||The best betting sites that use Bancontact have to have competitive odds and good market coverage. Being able to bet with fair prices will determine how much profit you can make, whereas good market coverage ensures that we can bet on any sport or league we want. However, we desire. Both are extremely important for an enjoyable betting experience.|
|Responsive website and app||Before signing up with a sportsbook, it’s wise to play around the website and app to see whether they function well. The best Bancontact betting sites must have a stable website/app that works without any issues or hiccups.|
|Live betting||As of 2023, every bookmaker is expected to have live betting available, and most do. However, there’s a big difference between OK and great bookmakers. That’s mostly noticeable in how well the sportsbooks cover live events and whether live streaming is available.|
Bookmakers that check all that are a good choice to start your betting journey with; however, it pays to have accounts with multiple bookmakers, so it's advisable to sign up with more than one sportsbook.
Make a Bancontact Deposit and Claim Your Bonus
Every sportsbook nowadays has bonuses and promotions available, and while the actual offer will vary between Bancontact sports betting sites, they'll all have a joining bonus.
As the name suggests, a joining bonus or welcome bonus is an offer bookmakers have for new customers, with the sole intention of attracting new bettors. As such, the welcome bonus is typically very generous and is almost exclusively a deposit bonus.
The most common welcome bonus is a matched deposit bonus, where the sportsbook matches your first deposit and awards you with free wagering cash of a certain % of your initial deposit. For example, a 100% matched deposit doubles your first deposit.
Some Bancontact betting sites will also throw in free spins for its online casino or other goodies, which is fairly rare.
The thing to know about welcome deposit match bonuses is that they always come with some rules, including the minimum and maximum deposit limit and which payment methods can be used as a qualifying deposit. Thankfully, those who bet with Bancontact in Belgium don't have to worry about the latter since all of the top Bancontact bookmakers accept Bancontact as a qualifying deposit.
The same applies to reload bonuses, essentially the same offer as the matched deposit bonus but for existing rather than new customers. For other deposit-related bonuses, you can expect to see the same rules – min/max deposit and payment method restrictions.
How to Use Bancontact for Betting
Using Bancontact for online betting is very straightforward, as it's no different from using any credit or debit card. The main thing Bancontact bettors have to pay attention to is that they're using top Bancontact bookmakers, and it can't be overstated how important that is.
Likewise, it's important to check whether the sportsbooks have any limits on Bancontact deposits and withdrawals. However, it's important to note that the bank limits will often be the issue rather than the sportsbook's limits, granted the former can be adjusted by contacting the bank.
What Is Bancontact?
Since all Bancontact payments go through banks, it is one of the safest online payment options. It comes with many security measures, including additional verification of any transaction. Moreover, Bancontact can be used for online purchases, transferring money between bank accounts, and as a deposit and withdrawal option for bookmakers.
However, since Bancontact is a Belgian payment solution, it only works in Belgium and is only available to those with an account with a Belgian bank. Still, while Bancontact isn't a global payment solution, it's one of the best methods for Belgian bettors since it's an accepted payment method on all Belgian betting sites.
Making Deposits with Bancontact
Depositing with Bancontact is safe, quick, and very straightforward. It works the same way as any deposit with a credit card, meaning you must provide full card details for the first deposit and only the security number with all succeeding deposits.
- Log in to your preferred sportsbooks for online betting with Bancontact.
- Navigate to the banking tab.
- Select “deposits”.
- Pick Bancontact as your preferred payment method.
- Provide all details, including your full name, card number, and expiration date.
- Input the desired deposit amount.
- Complete the transaction.
- Verify the transaction.
Bancontact deposits are typically instant or will take no longer than a couple of minutes – depending on which bookmakers with Bancontact you're using. If the deposit takes 5 minutes, contact the sportsbook's customer support.
Requesting Withdrawals with Bancontact
One of the biggest advantages of using Bancontact betting websites and Bancontact as a preferred payment method is that it also offers withdrawals. So those who bet with Bancontact don't have to have another payment method to cash out their winnings, as it's necessary with some other payment solutions.
The withdrawal time with Bancontact is also very quick, and there are no additional withdrawal charges. Moreover, cashing out with Bancontact is very straightforward and doesn't take longer than a minute.
- Login to the bookmaker.
- Navigate to the banking tab.
- Select withdrawals and Bancontact as your preferred method.
- Input the desired amount and provide Bancontact card details.
- Complete the transaction.
Fees and Limits
Bancontact does not come with any fees and limits as a service. While some deposit and withdrawal charges are always associated with transactions, those are covered by the Bancontact bookies.
However, while Bancontact doesn't have any fees, there could be limits on deposits and withdrawals, which will vary depending on which betting sites that take Bancontact we use. Most bookmakers have very high limits on deposits and withdrawals, but some will have daily withdrawal limits.
More importantly, Bancontact deposits and withdrawal limits will be set by your bank. So, if you want to know or change the limits, you should contact your bank for more information.
Countries Where Bancontact Can Be Used for Sports Betting
Bancontact can technically be used for sports betting in any country and by anyone with access to sports betting sites that accept Bancontact. However, to use Bancontact, you have to have a bank account with a Belgian bank.
So, despite there technically being no limitations on who can start online betting using Bancontact, it's primarily only on the best betting sites in Belgium and available only to Belgian bettors.
Accepted Currencies for Bancontact
Bancontact only supports the Euro as a transaction currency for making payments and withdrawals.
However, since all Bancontact betting sites are from Belgium, whose official currency is the Euro, that's hardly an issue bettors have to deal with.
Bancontact Betting Apps
As of 2023, it's expected for all bookmakers to accommodate mobile bettors, mainly because mobile betting is becoming the most popular way to bet on any sport. However, even though all bookmakers do pay some attention to providing a solid mobile betting experience, not all are equally efficient.
While any sportsbook will have a mobile betting website, which does its job, mobile punters should instead sign up with Bancontact bookies with a dedicated mobile betting app. Unlike a mobile website, betting apps work much better, are far more convenient, and come equipped with all the features found on the desktop website.
With simple screen taps, you can also make Bancontact deposits and withdrawals straight from the app. But more importantly, bookmakers tend to offer some of the top online betting offers exclusively to mobile app users, which is another reason why a betting app is recommended.
Bancontact Alternatives for Betting Online
Bancontact is an excellent choice for online betting, but since it's fairly limited in who can use it, it's wise to know about some alternatives, which can be equally as good or even better for some punters.
- Skrill – One of the world's most popular online payment methods, with all the features that an online bettor would need. Skrill is an E-wallet that offers secure and fast payments and is accepted by most online betting sites worldwide.
- Neteller – Like Skrill, Neteller is one of the most accessible and widely accepted payment options for online betting. Fast transactions, secure payments, anonymity, and little to no fees make it one of the best solutions for sports bettors.
- Crypto – Crypto payments have only recently started gaining traction, and while not all sportsbooks accept crypto yet, it's an excellent payment option. Crypto payments and withdrawals are incredibly fast, have low fees, and offer complete anonymity, which is a perfect combination for any sports bettor.
How to Stay Safe When Betting with Bancontact
Any online payments with Bancontact are completely safe since they have the necessary safety measures to secure all transactions. That includes the identification process of the user, authentication, and authorization.
However, while Bancontact does a fine job keeping payments and online betting with Bancontact cards secure, the user must do his part to keep himself safe.
Mobile bettors should also make sure that they download their mobile betting apps from the official websites of the bookmakers with Bancontact.
Although a more general advice, you should never share your Bancontact card information with anyone, especially not through emails. Phishing scams are fairly common, and the best way to prevent getting scammed is to remember that no Bancontact betting sites will ever ask you for your card information through email.
New Bookmakers That Accept Bancontact
Bancontact is available primarily to Belgian bettors, but even though it operates in a fairly limited area, that doesn't mean there is a shortage of Bancontact betting sites. Moreover, every new bookmaker that opens its doors in Belgium or states accepting Belgian bettors will also accept Bancontact deposits, so there's always an influx of new sportsbooks that accept Bancontact.
Having many Bancontact sports betting sites available is always advantageous, but when trying to sign up with new Bancontact betting sites, there are a couple of things to watch.
New bookmakers don't have a reputation since they've not been around long enough. Likewise, it's impossible to find any reliable reviews of new Bancontact bookies that would give you insight into whether the bookmaker is good. But we can still see which companies are behind the new bookmakers, which can give insight into whether the new Bancontact betting sites are reputable.
Bettors should also check if the new Bancontact betting sites are legal and secure by ensuring they hold a valid license. It will always be displayed in the footer of the sportsbook, with a license number and the logo of the licensing body.
New bookmakers typically have great promotions and joining bonus offers, but that's not always true. So, it's advisable to check the promotion offer and the terms and conditions of the bonuses before signing up with any new Bancontact betting sites.
Is It Worth Using Bancontact for Betting Online?
There aren't many reasons not to use Bancontact for online betting. It's a reputable payment service that offers safe and fast transactions and withdrawals – everything a bettor or gambler would need. However, while there aren't any major issues with Bancontact and its services, like any other payment solution, Bancontact has pros and cons.
Before we conclude our article, here are some interesting facts about Bancontact you should know about.
- Bancontact is a Belgian online payment method and is only available to those who have an account with a Belgian bank. Even though it can technically be used in any European country, Bancontact is primarily used in Belgium.
- Bancontact supports only the Euro as a transaction currency and doesn't plan to include any other currency anytime soon. There is also no confirmation on whether Bancontact will add crypto wallets.
- Bancontact supports four languages: English, French, Dutch, and German.
- The best Bancontact alternatives for online betting are Skrill, NETELLER, crypto payments, and Visa.
- The most popular and legal online bookmakers that accept Bancontact are Bovada, Betway, Bwin, Unibet, and Betzest.
- Bancontact works exactly like any other credit or debit card
- Non-Belgian citizens can apply for Bancontact only if they open an account with a Belgian bank that accepts foreigners.
- Bancontact can't help you in the case of fraud – you need to contact the bank with which your Bancontact account is linked.
It covers everything you need to know about Bancontact and betting with Bancontact, including how to use the payment method to make deposits and withdrawals and how Bancontact can be used to claim joining bonuses. Now you're ready to register with the best Bancontact betting sites and start betting – but remember to gamble responsibly and never bet with more than you can afford to lose.
Frequently Asked Questions
What is Bancontact?Bancontact is a popular payment method available in Belgium and can be used for buying online goods or making deposits on online betting sites. Bancontact is very similar to EPS or iDEAL and works through Belgian banks.
How does Bancontact work?Bancontact offers electronic payment services through your bank, offering quick, simple, and secure payments to online stores, bookmakers, online casinos, or P2P transfers.
Can I use Bancontact for online betting?Yes, Bancontact can be used for online betting as a safe and simple payment method for depositing money and funding your betting account. Most Belgian bookmakers will accept Bancontact; however, it'll be far less frequently available on sportsbooks in other countries.
Is Bancontact safe?Bancontact is a safe payment solution offering secure money transfers with top-of-the-line security measures.
Are Bancontact Deposits Instant?Most Bancontact deposits are processed instantly and will appear in your betting account within seconds. However, this might vary depending on the sportsbook you use.
Can I claim withdrawals to Bancontact?Besides being a payment option, Bancontact offers withdrawals, making it a great choice for sports bettors. The withdrawals don't come with any extra fees, nor does Bancontact have any withdrawal limits.
What are the fees to withdraw via Bancontact?There are no fees for Bancontact withdrawals set by Bancontact. However, the sportsbook you intend to withdraw from might have daily withdrawal limits.
Is there a limit on my Bancontact transactions?Yes, Bancontact transactions come with limits; however, those are not set by the payment provider but rather by the bank you're using.