Established back in 1985, MultiBanco is an interbank network highly popular in Portugal. Its managing company, Sociedade Interbancaria de Servicos S.A. started out with only a dozen ATMs in Porto and Lisbon and eventually grew to become a country-wide payment network.
Today, among many of its payment services, Multibanco supports a gateway that you can use to pay by credit cards, and it also offers the ability to pay online with virtual cards – Visa, MasterCard, or American Express. To get these, you will need to head to the nearest bank that partners with MultiBanco, and order the service. The virtual card will then be tied to your bank account and you are ready to use it for payments online, including in online casinos.
For casino deposits, MultiBanco is a very straightforward banking system. In the cashier, after entering the amount you’d like to deposit, and choosing the product’s logo, you will be redirected to a separate page to share your card number, name, and CVV, and to specify the billing address. Funds are added to the account instantaneously.
MultiBanco only works with deposits, and for cashouts, the help desk representatives should consult on on some alternatives, such as bank transfers.
As far as deposit fees go, there should not be any from the casino’s site as according to MultiBanco’s T&C, it is the merchant that takes care of the deposit processing fee.
With all of these factors considered, the only question that remains is the one regarding safety. If you are not a fan of using your real credit card online, a virtual product from MultiBanco might just be the perfect solution.