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Logo MultiBanco NET

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.

Supporting Providers

INTRODUCTION

MultiBanco NET (MB NET) allows Portugese shoppers to do payments through the Internet by using virtual credit cards (issued online). Depending on the card system, one will get American Express, Visa or MasterCard cards. To generate a virtual credit card the shopper must login at the MB NET site and enter a limit. Then the site instantly gives the credit card number and security codes (CVC2 and CVV2) to pay for online purchases. The virtual cards are meant for a one time use or multiple uses (to be determined by consumer). Registration to use MB NET is required. To do so, consumers must go to a Multibanco ATM or one's home banking website (if the bank allows that). The client sets a password but the username is given by the system. Merchants can accept these MultiBanco NET payments over their existing credit card processing rails, as long as they accept MasterCard, Visa and AMEX online.


PAYMENT METHOD PROFILE | MultiBanco NET

Supported by # Providers

21
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Available in # Countries

1
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Supported by # Shopping Carts

0
 

E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.

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Available in the following countries

Portugal


COMPANY DETAILS

MultiBanco NET (MB NET) allows Portugese shoppers to do payments through the Internet by using virtual credit cards (issued online). Depending on the card system, one will get American Express, Visa or MasterCard cards. To generate a virtual credit card the shopper must login at the MB NET site and enter a limit. Then the site instantly gives the credit card number and security codes (CVC2 and CVV2) to pay for online purchases. The virtual cards are meant for a one time use or multiple uses (to be determined by consumer). Registration to use MB NET is required. To do so, consumers must go to a Multibanco ATM or one's home banking website (if the bank allows that). The client sets a password but the username is given by the system. Merchants can accept these MultiBanco NET payments over their existing credit card processing rails, as long as they accept MasterCard, Visa and AMEX online.

COMPANY ADDRESS




Portugal

PHONE & EMAIL

Main Phone Number
Main Fax Number
Email

WEBSITE AND BLOG

Website
Blog

SOCIAL LINKS

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