Bancontact
Founded in 1979, Bancontact is the most popular payment method in Belgium. Every Belgian bank account holder is eligible for a Bancontact card, which can be linked to frequently used bank accounts.
When paying with Bancontact, users are redirected to the Bancontact web page, where users can directly enter the Bancontact card number to pay.
Properties
The properties of the Bancontact payment method are shown in the following table:
Payment type | Online banking | ||
Acquirer | AlipaySG, AlipayEU, AlipayUS | Acquiring region | SG, AU, HK, EU, US |
Payment flow | Redirect | Checkout Payment | ✔️ |
Buyer country/region | Belgium | Auto Debit | ❌ |
Funds deduction | Real-time | Refund | ✔️ |
Processing currency | EUR | Partial refund | ✔️ |
Minimum payment amount | 1 EUR | Chargeback | ❌ |
Maximum payment amount | Unlimited | Refund period | 365 days |
User experience
The following screenshots show the journey of paying with Bancontact:
Figure 1. Payment process with Bancontact