Bancontact is a Belgian payment scheme. It is the Belgian market leader in electronic payments, with over 15 million card holders. More than 80% of the Belgian webshops already accept Bancontact as a payment method. When using Bancontact to pay for online purchases, consumers transfer money from their bank account through the familiar Bancontact online banking environment. As a result, payments are guaranteed and cannot be reversed by the consumer. Retailers receive immediate confirmation of the payment’s status, allowing them to process orders immediately.
Bancontact’s online payment platform can be used by anyone with a payment card issued by Bancontact. More than 20 Belgian banks issue these cards, resulting in over 15 million cardholders. Banks that issue Bancontact cards are ABK Bank, Argenta, AXA Bank, Bank J. Van Breda, Belfius, Beobank, BNP Paribas Fortis, bpost bank, CBC Banque, CPH Banque, Crelan, Deutsche Bank, Fintro, Hello Bank, ING Belgium, KBC Bank, Keytrade Bank, Nagelmackers, Record Bank and VDK Spaarbank.