What are the most common issues players face when using Multibanco?

The main frustrations include: Slower withdrawals compared to e-wallets. Daily withdrawal limits (around €400). Limited acceptance outside Portugal. Technical failures are rare since the system is tightly integrated with the national banking network.

Multibanco

Multibanco is the backbone of Portugal’s banking system. Owned and operated by SIBS, this network links 27 banks and supports everything from withdrawals and bill payments to online shopping and gambling deposits. With over 12,000 ATMs across Portugal and cutting-edge services like MB NET virtual cards and MB WAY mobile payments, Multibanco has become one of the most versatile payment solutions in Europe. For casino players, it offers secure transactions, multiple layers of protection, and near-instant deposits, making it a top pick for Portuguese gamblers who value convenience and trust.

Multibanco

Number of Games

Type

E-wallet, Mobile Payment

Fees

2.10%

Processing time

Instant

Casinologia/Multibanco

Gabriela Vangelova

Content Director

05.09.2025

Updated

Key Facts

Company

Sociedade Interbancaria de Servicos S.A.

Headquaters

Lisbon, PT

Established

1985

Number of users

Not Disclosed

Multibanco Markets:

Portugal

Online Casinos Accepting Multibanco

Find trusted online casinos that accept Multibanco as a banking method right below along with reviews and a convenient filter to search by preference.

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Casinos: 1

Bonus Amount

500

Free Spins

500

Welcome Bonus Percentage

100

Total Bonus Percentage

200

Bonus Types

Software Provider

License

Languages

Accepted currency

Live Game

Rated 93.29/100%

Immerion Casino

Welcome bonus

500%/$1,000 + 250 Free Spins

x40 wagering (Bonus & Deposit)

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1 / 1 100%

What Is Multibanco and How it Dominates Online Casino Payments?

Multibanco is Portugal’s largest interbank network, connecting millions of players to financial services every day. But what sets it apart from traditional banking systems is its sheer flexibility. Through Multibanco, users can:

Withdraw cash 🏧
Pay utility bills and shopping purchases
Top up mobile phones
Generate virtual cards for safe online shopping
Instantly transfer funds with MB WAY

When it comes to gambling, Multibanco gives players an edge: secure deposits, customizable limits, and peace of mind when betting online. Unlike standard credit cards that expose personal details, MB NET hides sensitive banking info behind virtual card numbers, minimizing fraud risk. Add in the MB WAY app, which allows instant transfers and even ATM withdrawals without a card, and you’ve got a system designed for the digital-first gambler.

History of Multibanco

The Multibanco journey started in 1983 when SIBS was founded. By 1985, Lisbon and Porto saw the first 12 ATMs go live. The network grew quickly:

1995 → 3,745 ATMs
2006 → 11,200 ATMs
2014 → 12,700 ATMs with 900M yearly transactions

This rapid expansion made Multibanco a national standard for payments and its integration into online casinos was only a natural step.

Is Gambling with Multibanco Legal?

The short answer: Yes, but only in regulated environments. Multibanco itself is just a payment processor and it doesn’t dictate gambling laws. The legality depends on the online casino’s licensing and the player’s location. In Portugal, gambling is legal under strict regulations, and many casinos accept Multibanco as a primary payment method. Since the system is backed by local banks and SIBS, it’s seen as a legitimate, government-compliant channel.

For players abroad, it gets trickier. Some casinos targeting Portuguese speakers may accept Multibanco, but if gambling is restricted in your region, deposits could be blocked. Multibanco’s strength lies in domestic usage; internationally, its footprint is more limited compared to global giants like Visa or PayPal.

💡 Key takeaway: Multibanco is 100% legal to use for gambling if the casino itself is licensed in a jurisdiction that allows online betting.

Availability by Region

Region	Availability	Notes
🇵🇹 Portugal	✅ Full	Widely accepted in online casinos & sportsbooks.
🇪🇺 EU (other)	⚠️ Limited	May work in select casinos but not a standard option.
🌍 Global	❌ Rare	Multibanco is not widely supported outside Portuguese markets.

Fees, Delays, and Hidden Costs

One of the major appeals of Multibanco is its predictable cost structure. Unlike many international payment systems that stack on percentage-based fees, Multibanco transactions are usually processed at low or zero cost to the player. Still, the reality is more nuanced, especially when we analyze the flow of money between the player, the casino, the bank, and SIBS (the network operator).

Deposit Fees

Standard case: Deposits made through Multibanco ATMs, MB WAY, or MB NET virtual cards are free of charge for the end-user.
Bank-dependent: Certain banks may apply a processing fee of 0–3%, particularly on cross-border transactions or when foreign currency conversion is required.
Casino-dependent: Some casinos absorb all fees to stay competitive; others pass a small fixed charge (€0.50–€2.00) to the player.

Withdrawal Delays & Costs

Processing time: Withdrawals usually take 1–3 business days because funds must move through the casino’s payment processor, then settle in the bank account linked to Multibanco.
Cost factor: Multibanco itself doesn’t impose withdrawal fees. Charges arise from the casino’s payout policy, or the bank’s transaction handling fees.
Scientific estimate: Based on Portuguese banking records, average domestic Multibanco transfer cost = €0.20–€0.80 per withdrawal, though many banks waive this for standard accounts.

Hidden Costs to Watch

While Multibanco does not create hidden costs by design, several indirect fees can emerge:

Currency exchange spreads: If the casino account is not in EUR, players pay conversion costs (usually 2–3%).
Dormancy fees: Some casinos penalize inactive accounts, which indirectly affects Multibanco users during withdrawals.
Unclaimed funds: If a player sets a higher MB NET card limit than needed, excess funds may remain “locked” in that virtual card until expiration (1–12 months).

⚡ Pro Tips for Efficiency

Use EUR-denominated casinos if possible to dodge conversion fees.
When generating MB NET virtual cards, set the exact deposit amount as the card limit – this prevents idle funds.
Always cross-check the casino’s banking terms; transparency varies by operator.

Multibanco is among the cheapest and most transparent payment methods in online gambling, but the fine print lies in your bank’s policies and the casino’s terms, not the network itself.

How to Use Multibanco to Gamble Online

Step 1

Choose a Casino That Accepts Multibanco

Pick a licensed online casino with Multibanco listed under payment options. This ensures smooth processing and compliance.

Step 2

Log in and Head to the Cashier

Once registered, go to the deposit section and select Multibanco. Casinos may also show options for MB WAY or MB NET.

Step 3

Enter Deposit Amount

Specify how much you want to load. Keep in mind your daily withdrawal/deposit limits, typically capped at €400 for locals.

Step 4

Confirm via ATM, App, or Virtual Card

ATM: Generate a payment reference and confirm it at a Multibanco terminal.
MB WAY: Approve directly on your phone 📱.
MB NET: Use a virtual card number for safe online deposits.

Step 5

Start Playing

Deposits are usually instant. Once confirmed, your casino balance updates and you can dive into slots, tables, or live dealer games.

Live Casinos That Support Multibanco Payments

Live dealer casinos are all about speed and immersion, and Multibanco delivers the same energy on the payment side. Deposits via MB WAY or MB NET are instant, meaning you don’t have to miss a seat at a hot table. For Portuguese players, using Multibanco also adds a sense of trust since funds move through familiar, regulated banks. This mix of safety and convenience is why live casinos almost always include it in their cashier.

Multibanco Gambling Compared to Other Banking Methods

Multibanco is a fascinating case in casino banking: hyper-efficient locally, but almost invisible internationally. Inside Portugal, it dominates because it feels natural – the same system players already use for everyday payments. But when stacked against global methods like Visa, PayPal, or crypto, its strengths and weaknesses become clearer. Compared to Visa or Mastercard, Multibanco stands out for security. MB NET virtual cards mean your real card details are never exposed online, a level of protection traditional credit cards can’t match. Fees are in the same range (about 1–3% depending on the bank) but Multibanco offers a smoother, more domestic experience.

PayPal is faster on withdrawals and available almost everywhere, but it’s inconsistent in the gambling world. Many casinos still avoid it due to PayPal’s restrictions on betting transactions. By contrast, Multibanco is fully embraced in Portugal’s regulated market, even if it’s slower on payouts. With Skrill and Neteller, speed is the real advantage: withdrawals can arrive within hours. But that convenience comes at a higher price. Multibanco keeps costs lower, making it friendlier to casual or budget-conscious players. And then there’s crypto: lightning-fast, borderless, and anonymous. It beats Multibanco on speed every time, but also brings volatility, fluctuating network fees, and zero consumer protection if something goes wrong. Multibanco may feel more “traditional,” but its reliability is hard to dispute.

👉 In short, Multibanco offers:

Instant deposits at low or no cost
Robust security through MB NET and ATM safeguards
Full integration with Portuguese banks and casinos

But its trade-offs like limited international use, slower withdrawals, and daily limits are important to weigh if you gamble outside Portugal or need faster access to winnings.

Feature	Multibanco	Visa/Mastercard	PayPal	Skrill/Neteller	Crypto
Availability	🇵🇹 Local	🌍 Global	🌍 Global	🌍 Global	🌍 Global
Deposit Speed	Instant	Instant	Instant	Instant	Instant
Withdrawal Speed	1–3 days	1–5 days	Same day	Same day	Minutes
Fees	0–3%	1–3%	Varies	Medium–high	Network fees
Security	Virtual cards, ATM security	3D Secure	Buyer protection	2FA + wallet layers	Blockchain encryption

Security, Chargebacks, and Disputes: How Safe Is Multibanco for Gambling?

Security is Multibanco’s biggest selling point. From the ATM level to online payments, multiple layers protect the player:

3 failed PIN attempts → card blocked.
ATM cash retraction → stops theft.
Ink-stain system → invalidates stolen notes.
Rear-view mirrors and discreet cash slots.
MB NET → hides real card info online.
MB WAY → requires direct mobile confirmation.

But what about disputes? Unlike PayPal, Multibanco doesn’t offer quick “chargebacks.” Disputes are handled through your bank. This means resolution can take longer, but banks in Portugal have strong consumer protection laws. For most players, the system feels safer than using a debit card directly, since virtual cards minimize exposure.

Payment Transparency – Are Multibanco Casinos Clear on Terms?

Transparency depends less on Multibanco itself and more on the casinos. Multibanco’s role is simple: process the transaction securely. However, some casinos may sneak in fees or set longer withdrawal times.

Players should always:

✅ Check deposit & withdrawal fees in casino T&Cs

✅ Look for processing time disclosures

✅ Confirm minimum & maximum limits

Fun fact: Most Portuguese-facing casinos advertise Multibanco as fee-free, since the competition for local players is fierce.

Overall, casinos that accept Multibanco tend to be more transparent than average, since they’re targeting regulated EU markets.

Philosophical Note – Should Rational Gamblers Use Multibanco?

Rational gamblers care about security, cost-efficiency, and control. Multibanco checks all three boxes:

Security → unmatched in Portugal.
Costs → low to none.
Control → spending limits via MB NET cards.

The only drawback is its regional limitation. Outside Portugal, its utility shrinks dramatically. So for Portuguese gamblers, Multibanco is an obvious yes ✅. For international players, it makes sense only if they’re playing on a Portuguese-facing casino.

At the end of the day, rational play is about minimizing risk while maximizing fun, and Multibanco aligns perfectly with that philosophy.

Online Casinos Accepting Multibanco – FAQs

These are the answers to the most asked questions about Multibanco as a banking method in online casinos.

In most cases, yes. Deposits made with Multibanco (whether through MB WAY, MB NET, or ATM reference payments) are processed instantly. However, some casinos may take longer to confirm payments due to their own internal systems.

Withdrawals are possible, but not always instant. Funds typically take 1–3 business days to settle into your linked bank account. Some casinos only allow Multibanco for deposits, requiring players to pick an alternative method for withdrawals.

Multibanco itself doesn’t add hidden fees. Costs come from banks or casinos, usually in the 0–3% range. Currency conversion (if the casino account isn’t in EUR) can also add quiet extra charges.

Yes, most casinos treat Multibanco deposits the same as card or bank deposits, meaning they count toward welcome bonuses and reload offers. Only in rare cases do casinos exclude certain methods from promotions, and Multibanco is almost never blacklisted.

When using MB NET or MB WAY, your real card and banking details are never shared with the casino. Instead, virtual card numbers or secure references are used. This keeps sensitive data private and minimizes fraud risk.

No. Multibanco is primarily a Portuguese system. While some European casinos catering to Portuguese players offer it, global adoption is limited. Players outside Portugal often won’t see it as a cashier option.

Very secure. It combines bank-level security with unique protections like MB NET virtual cards, ATM safeguards, and strong PIN authentication. While e-wallets offer faster withdrawals, they don’t necessarily add more safety layers than Multibanco.

The main frustrations include:

Slower withdrawals compared to e-wallets.
Daily withdrawal limits (around €400).
Limited acceptance outside Portugal.

Technical failures are rare since the system is tightly integrated with the national banking network.

Yes. Many Portuguese banks allow customers to block gambling-related payments upon request. This can be a responsible gambling tool for players who want extra safeguards.

Yes, transactions appear just like any other bank activity. The reference usually shows the casino or payment processor’s name, but it won’t always explicitly say “gambling.”

First, confirm that the casino actually supports Multibanco for deposits in your region. If it does, rejection is usually linked to bank restrictions or daily limits. Contact your bank to confirm whether gambling transactions are blocked, or try using MB NET/MB WAY as alternatives.

Multibanco

Online Casinos Accepting Multibanco

Immerion Casino

What Is Multibanco and How it Dominates Online Casino Payments?

History of Multibanco

Is Gambling with Multibanco Legal?

Availability by Region

Fees, Delays, and Hidden Costs

Deposit Fees

Withdrawal Delays & Costs

Hidden Costs to Watch

⚡ Pro Tips for Efficiency

How to Use Multibanco to Gamble Online

Choose a Casino That Accepts Multibanco

Log in and Head to the Cashier

Enter Deposit Amount

Confirm via ATM, App, or Virtual Card

Start Playing

New Online Casinos That Accept Multibanco

Immerion Casino

Sportsbooks That Accept Multibanco

Live Casinos That Support Multibanco Payments

Immerion Casino

Multibanco Gambling Compared to Other Banking Methods

Security, Chargebacks, and Disputes: How Safe Is Multibanco for Gambling?

Payment Transparency – Are Multibanco Casinos Clear on Terms?

Philosophical Note – Should Rational Gamblers Use Multibanco?

Online Casinos Accepting Multibanco – FAQs