Which online payment methods to accept in Portugal?

In Portugal the top three online payment methods consists of MultiBanco, creditcards (MasterCard and VISA) and PayPal.

In addition, online bank transfers still represent 10%-15% of all online payments.

MultiBanco allows the shopper to pay through an online bank transfer or through a cash payment at one of the 11,000+ Multibanco ATM locations in Portugal. MB way, the mobile payment app by MultiBanco, gains more and more traction. It can be used for both mobile and desktop purchases.

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Portugal
E-commerce Market Profile

Find below the key stats for the Portugese ecommerce market.
Here you can find the most popular online payment methods in Portugal.

Would you like to know which Payment Service Providers can help you to accept payments online?
Start with a selection of Payment Service Providers in Portugal.

Currency

euro (EUR)

Household Internet Access Rate

70% (2020)

Internet Country Code

.pt

B2C E-commerce Market Size

estimated 5.1 billion USD (2020)

Population (+ Global Rank)

10.3 million (2020) (#89)

Online Payment Methods

MultiBanco, MB way, MasterCard, VISA, PayPal, online bank transfers, American Express

Country GDP (+ Global Rank)

$314,100,000,000 (#55)

National E-commerce Association(s)

ACEPI

GDP per capita (+ Global rank)

$30,500 (#67)

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Amazon Pay

Amazon Pay is an online payment service owned by Amazon that lets shoppers use their amazon.com account to make online purchases. With Amazon Pay, shoppers can make purchases using credit or debit cards stored in their digital wallet. The acceptance of Amazon Pay can lead to an improved payment acceptance rate, lower cart abandonment, and increased conversions as Amazon Pay shoppers can pay for products and services without creating new accounts or leaving a merchant’s site.

MasterCard

MasterCard is one of world's best known online payment methods and dominant credit card brands. MasterCard is truly a global payment brand, supporting 150 currencies with over 35 million acceptance locations (point-of-sale and online) in over 210 countries.

American Express

American Express is a credit or charge card that can be used for online payments. American Express is amongst the major credit card brands in the world.

VISA

Visa is one of world's best known online payment methods and largest credit card brand. Visa truly is a global payment brand with acceptance at point-of-sale and online in over 170 countries.

Apple Pay

The Apple Pay payment service allows consumers to pay contactless, in-app and on desktop through the newest Apple Macbook and iMac's. Consumers are able to securely store credit and debit card details into their Apple Pay wallet and confirm payment by simply scanning their fingerprint with Apple's Touch ID or by using Face ID.

MultiBanco NET

MultiBanco NET is the brand name for the Portugese online payment method which relies on the creation of virtual credit cards used for internet payments. The virtual credit card is issued by an American Express, MasterCard or Visa issuer and depends on the consumer's bank relationship.

Bank Transfer

A bank transfer is an offline or online initiated transfer of funds from the shopper's bank account to the merchant's bank account. It can be used by any online shopper with a bank account. Merchants have to wait for the shopper to take action, completes payment and for the funds to arrive in their bank account before delivery of service or product can take place.

MB Way

MB WAY is the MULTIBANCO solution that allows consumers to make purchases online and in physical stores, generate MB NET virtual cards, send, ask for money and split the account and still use and withdraw money through a smartphone, in the MB WAY app or in the bank-app

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Over 26.369 online businesses used our platform since we started ABOUT-PAYMENTS.com back in 2012. Due to the growing number of Payment Service Providers and gateways worldwide, it has become difficult for you as a merchant, business or developer to choose the right one to process your payments. ABOUT-PAYMENTS.com simplifies this selection process considerably and makes life easier.
We are your free guide.

Find the right payment service provider for your business.

”

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Which online payment methods to accept in Portugal?

Portugal
E-commerce Market Profile

Currency

Household Internet Access Rate

Internet Country Code

B2C E-commerce Market Size

Population (+ Global Rank)

Online Payment Methods

Country GDP (+ Global Rank)

National E-commerce Association(s)

GDP per capita (+ Global rank)

Looking to accept payments online?
Find your Payment Service Provider »

✓  Our matching service is free of charge
✓  Offers quick insight into your options
✓  Helps out to wisely select your provider

Online Payment Methods in Portugal

Amazon Pay

MasterCard

American Express

VISA

Apple Pay

MultiBanco NET

Bank Transfer

MB Way

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Which online payment methods to accept in Portugal?

PortugalE-commerce Market Profile

Currency

Household Internet Access Rate

Internet Country Code

B2C E-commerce Market Size

Population (+ Global Rank)

Online Payment Methods

Country GDP (+ Global Rank)

National E-commerce Association(s)

GDP per capita (+ Global rank)

Looking to accept payments online?Find your Payment Service Provider »✓ Our matching service is free of charge ✓ Offers quick insight into your options✓ Helps out to wisely select your provider

Online Payment Methods in Portugal

Amazon Pay

MasterCard

American Express

VISA

Apple Pay

MultiBanco NET

Bank Transfer

MB Way

If you follow us, we like it.

Portugal
E-commerce Market Profile

Looking to accept payments online?
Find your Payment Service Provider »

✓ Our matching service is free of charge
✓ Offers quick insight into your options
✓ Helps out to wisely select your provider