Multibanco (Portugal)
Country: Portugal (PT) | Payment Rail: reference_payment
VoucherPayment
Market Adoption: 75%
Multibanco is Portugal's national voucher and ATM reference payment network managed by SIBS, offering 100% fraud-proof payments.
🔄 User Payment Flow
- Customer selects Multibanco at checkout and receives Entity (Entidade), Reference (Referência), and Amount
- Customer pays via online banking app or at any Multibanco ATM in Portugal
- SIBS clears transaction and notifies merchant upon payment receipt
- Merchant releases order
⚙️ Characteristics & Settlement
| Instant Payment | NO |
| Supports QR | YES |
| Supports Recurring | NO |
| Supports Refund | YES |
🛠️ Merchant Integration Steps
- Merchant API requests Multibanco reference from acquiring gateway (Stripe/Adyen)
- PSP generates SIBS Entity & Reference numbers
- PSP receives clearing webhook notification and completes order
🚀 Supported Payment Gateways & Acquirers (PSPs)
🔌 Stripe🔌 Adyen