Bancontact is a very popular payment method on the Belgian market. If you don't hold a Bancontact card, you may not know how this payment method works. The Bancontact payment method is very similar to iDEAL.
First, the consumer chooses Bancontact as the payment method they want to use. If you want, this step can take place in the environment of your own webshop.
Then, the consumer must fill in the card number of the Bancontact card that is linked to his current account. For Bancontact, this number always begins with 6703. Should your consumer try to enter a number that begins differently, the payment will not be completed. If you want to process other cards, you will need the payment method credit card.
Your consumer is now in the secure environment of his own bank and has to log in with his telephone or card reader. Each bank has their own method for logging in. In this example, the consumer has an account with the KBC Bank. This is one of the larger Belgian consumer banks.
Finally, the consumer confirms the transaction, in the same way they would confirm normal bank transfers within the online environment of their bank.
When the payment is confirmed the consumer will receive a confirmation of the successful Bancontact payment and will be automatically redirected to your webshop.