Multibanco
Gain access to shoppers on Multibanco
Owned and operated by Sociedade Interbancária de Serviços S.A., or SIBS, Multibanco enables Portuguese consumers to pay by bank transfers or with a Multibanco card at an ATM.
Multibanco is available at over 11,000 machines spread across the country in strategic spots such as supermarkets, airports, museums, stations, banks and malls. Multibanco is a core payment method for Portuguese consumers, where they can use Multibanco to pay for a range of goods/services including e-commerce, licences and taxes.
Services are supported by all banks in Portugal, so all Portuguese consumers can be reached by online merchants by integrating with Multibanco. It is a strong brand in Portugal and comprises 30% of the payments market. (J.P.Morgan)
Payment method properties
| Features | Multibanco |
|---|---|
| Payment type | Bank Transfer |
| Available for businesses registered in | EU, UK, HK, SG, AU, US |
| Activation time for onboarding | Instant - 8 days |
| Shopper regions (typically used by payers from) | PT |
| Processing currencies | EUR |
| Settlement currencies | EUR, or in your default settlement currency if your account does not support EUR settlement. |
| Settlement schedule | 8 business days Settlements below 100 EUR may be delayed until the aggregate open settlements accumulate to 100 EUR. |
| Minimum transaction amount | 0.01 EUR |
| Maximum transaction amount | 99,999.99 EUR |
| Session timeout | 7 days |
| Recurring Payment | ⛔ |
| Refunds | ⛔ |
| Partial Refunds | ⛔ |
| Disputes (chargebacks) | ⛔ |
| Placing a hold (delayed/manual capture) | ⛔ |
| Descriptor (what the payer will see in their transaction history) | Your registered business name |
| Payments for Platforms support | ✅ |
Choose the integration method that best suits your needs
Airwallex has built a range of client-side integration methods that allow you to manage your UI, minimize your implementation effort, and allow you to get to market quickly.
| Online payments via your own website/app | Online payments via ecommerce plugins | Payment links & Invoice Integrations |
|---|---|---|
| ✅ Hosted Payment Page ✅ Drop-in Element ✅ Embedded Elements ✅ Mobile SDK ✅ Native API ⛔ Subscription APIs |
✅ Shopify ✅ WooCommerce ⛔ Shopline ⛔ ShopLazza ⛔ Magento |
✅ Payment Links ⛔ Xero Invoice |