Multibanco is an interbank network in Portugal that is run by SIBS. It lets people do many different things, like get cash from an ATM or pay for things online. The only people who can use Multibanco are those who already have a bank account in Portugal.
Multibanco can be linked to almost all banks in Portugal, which makes it a very popular service in the country. Many European casinos already let you use Multibanco to put money in and take money out.
Multibanco is fully licensed and regulated so that it can be used anywhere in the European Union. Every year, it now handles millions of online payments.
Users of the Multibanco platform can tell their bank to set a limit on how much their virtual card can be used to spend. This makes it harder for people to cheat and steal, and it also helps players who want to gamble in a responsible way. Putting a limit on how much you can gamble each day or week helps stop problem or compulsive gambling.
Overall, Multibanco is a good way to add money to or take money out of an online casino’s cashier. Transfers happen right away, so users don’t have to wait for days to get their money.