With a population of 11.6 million individuals, a significant portion of whom are already well-acquainted with online payment methods, Belgium emerges as a mature and enticing e-commerce market for online enterprises. Anticipated figures indicate that the number of e-commerce consumers in the country is poised to reach 8.6 million users by 2025. The e-commerce sector is forecasted to achieve a total revenue of $12.46 billion by the conclusion of 2023, showcasing an annual growth rate of 4.57%. This growth trajectory is expected to culminate in a market volume of $8.067 million by 2025.
Popular offline payment methods in Belgium
Cash
Bank Transfers
Direct Debit
Prepaid Cards
Cheques
Mobile Payments
Vouchers and Gift Cards
Electronic Meal Vouchers
List of payment methods in Belgium
Bancontact is a widely-used payment method in Belgium, both for online and in-store purchases. It utilizes customers’ bank cards and is accepted by various types of merchants. To use Bancontact, customers select the option at checkout, enter their card details, and the payment is securely processed through their bank. It’s considered a safe and convenient payment solution in Belgium.
Mastercard is a highly popular and widely accepted payment method in Belgium, suitable for both online and in-person transactions at a diverse range of businesses, such as retail stores, restaurants, and online platforms. It is known for providing convenience and security, making it the preferred choice for many in Belgium when making payments.
Maestro is a widely accepted payment method in Belgium, functioning as a debit card system. Issued by banks, it enables customers to make purchases, withdraw cash from ATMs, and is usable both online and in physical stores. Linked to the customer’s bank account, transactions lead to immediate fund deductions. Maestro enjoys broad acceptance at various Belgian merchants, encompassing supermarkets, restaurants, shops, and is frequently utilized for public transportation and parking payments.
Visa is a highly accepted and versatile payment method. It is widely used across various retail establishments, restaurants, and online merchants, and also allows for cash withdrawals at ATMs. Visa offers a range of card options, including credit, debit, and prepaid cards, each catering to different needs and offering distinct features and advantages. Visa is among the most favored payment methods in Belgium, alongside other major card networks like Mastercard and Maestro.
PayPal is widely accepted in Belgium, with many online retailers and service providers offering it as a payment option. It is also convenient for international transactions, enabling Belgian customers to shop on overseas websites. To use PayPal in Belgium, customers must create an account, link it to their bank account or credit card, and select the PayPal option at checkout. It’s a popular and trusted payment method in the country.
Klarna is a widely used payment method in Belgium, enabling customers to shop online and defer payments through installments or paying in full later. It provides flexibility by allowing users to split payments into multiple installments. This is advantageous for those looking to manage their expenses or lacking immediate funds. Numerous online retailers in Belgium accept Klarna, ensuring its widespread availability for Belgian consumers.
American Express is accepted as a payment method in Belgium, but its acceptance is not as widespread as Visa or Mastercard. While many major retailers, hotels, and restaurants in Belgium do accept American Express, smaller businesses and local establishments may not. It’s advisable to confirm with the merchant in advance if they accept American Express. Moreover, American Express cardholders may have the option to use their cards for cash advances at specific ATMs in Belgium.
Discover is not widely accepted in Belgium as a payment method. The more commonly used payment options in the country include cash, debit cards like Bancontact/Maestro, and credit cards such as Visa and Mastercard. While some businesses may accept Discover cards, it is less common than the mentioned methods. It’s advisable to confirm with the specific establishment beforehand if you intend to use a Discover card for payment.
Google Pay is accessible in Belgium and functions as a convenient payment method. Users can link their credit or debit cards to the Google Pay app, facilitating payments at participating stores. Google Pay is compatible with contactless transactions via NFC technology, permitting users to complete purchases by tapping their phone on a payment terminal. Furthermore, it supports online shopping by enabling payments on websites and apps that accept this method.
Diners Club International is a global credit card payment network with acceptance in Belgium, encompassing various merchants like restaurants, hotels, and retail stores. Customers can use their Diners Club cards by presenting them at the point of sale and signing for their purchases, with some merchants also supporting contactless payments. Additionally, these cards are suitable for online shopping in Belgium, where customers can input their card details during checkout on compatible websites. While Diners Club is accepted in Belgium, it might not be as prevalent as Visa or Mastercard, so it’s advisable to confirm a merchant’s acceptance before using this payment method.
JCB, also known as Japan Credit Bureau, is a popular payment method in Belgium, widely accepted by both physical and online retailers. Customers can use their JCB credit card by presenting it at the point of sale or entering card details during online checkout, similar to other credit card transactions. JCB offers benefits like cashback rewards, travel insurance, and discounts at partner merchants. The payment method is secure, with features like fraud protection and 24/7 customer support, making it a reliable and convenient option for purchases in Belgium, appealing to both locals and tourists.
Amazon Pay is a payment option in Belgium, allowing Belgian customers to conveniently make purchases on participating websites. They can use their Amazon account credentials to log in and select Amazon Pay during the checkout process.
UnionPay is a commonly accepted payment method, particularly in popular tourist areas. Many merchants and some ATMs in the country readily accept UnionPay cards for both purchases and cash withdrawals. To use UnionPay, present your card at the point of sale or ATM and follow the on-screen prompts, which may require entering a PIN or signing a receipt, depending on the merchant’s policies. It’s important to note that while UnionPay is widely accepted in Belgium, it might not be as universally recognized as other international payment methods like Visa or Mastercard. Therefore, it’s advisable to have alternative payment options, such as cash or another credit card, on hand as a backup.
SOFORT is a widely-used payment method in Belgium, enabling customers to make online payments directly from their bank accounts, eliminating the need for a credit card. To use SOFORT, customers select it at checkout, choose their bank, and are redirected to their bank’s online banking platform. They securely log in and authorize the payment, resulting in a direct transfer of funds from their bank account to the merchant’s account. Many major Belgian banks, such as Belfius, BNP Paribas Fortis, ING, and KBC, support SOFORT, making it a convenient choice for those who prefer bank account payments. This method is favored for its convenience, security, and extensive bank network, providing an alternative to credit card payments for online purchases.
PaySafeCard is a widely used prepaid payment method in Belgium, offering an alternative for online payments without requiring a bank account or credit card. Users can obtain a physical card from various retail locations, featuring a unique 16-digit PIN code for online transactions. By selecting PaySafeCard as the payment method and entering the PIN code, users can make secure payments, deducting the amount from their card balance. This payment method is accepted on various websites, including gaming platforms, e-commerce sites, and digital content providers. PaySafeCard offers a secure and convenient way to make online payments while safeguarding personal and financial information. However, it has limitations, such as a maximum card balance of €250 and some online merchants not accepting it. In summary, PaySafeCard is a popular and trusted payment option in Belgium, providing a safe and convenient means of making online purchases without the need for a bank account or credit card.
Alipay, a widely used mobile payment platform in China, has limited acceptance in Belgium. While a few Belgian merchants may take Alipay, it is not as prevalent as more conventional payment options like credit cards or cash. When visiting Belgium and intending to use Alipay, it’s advisable to verify with each establishment if they support Alipay payments. Having alternative payment methods, such as credit cards or cash, on hand is also recommended in case Alipay is not an option.
WeChat Pay is a popular mobile payment method in China but has limited acceptance in Belgium. However, certain Belgian merchants, especially those serving Chinese tourists or with a significant Chinese customer base, do accept WeChat Pay. To use it in Belgium, you need a WeChat account linked to your bank account or credit card. Payments can be made through the WeChat app by scanning QR codes or providing your WeChat ID. Examples of Belgian merchants accepting WeChat Pay include luxury retailers, hotels, and Chinese-tourist-oriented restaurants. Some online platforms and e-commerce websites also support WeChat Pay. It’s important to note that while WeChat Pay is not widespread in Belgium, other mobile payment methods like Apple Pay and Google Pay enjoy broader acceptance among a wider range of merchants.
Apple Pay was introduced in Belgium, accessible to customers of major banks like BNP Paribas Fortis, Fintro, and Hello Bank. To utilize Apple Pay in Belgium, users need an iPhone 6 or newer with iOS 11.2 or later, along with the addition of their eligible credit or debit card to the Wallet app.
Once the card is added, payments can be made at contactless terminals by simply placing the iPhone near the terminal and verifying the transaction with Touch ID or Face ID. Apple Pay is also usable for online and in-app purchases on various Apple devices, including iPhone, iPad, and Mac.
Notably, Apple Pay prioritizes security and convenience, safeguarding card information through tokenization and abstaining from storing transaction data on the device or Apple servers.
SEPA Debit Card is a widely accepted payment method in Belgium, enabling customers to make payments directly from their bank accounts using their debit cards. SEPA stands for Single Euro Payments Area, an EU initiative aimed at harmonizing electronic payments across the region. To use a SEPA Debit Card in Belgium, customers must have an account with a participating bank and link their debit card to it. These cards are accepted at most retail stores, restaurants, and online platforms for shopping and bill payments. SEPA Debit Cards offer security, convenience, and protection against fraud. They support contactless payments, enhancing the speed and ease of small purchases. Overall, the popularity of SEPA Debit Cards in Belgium stems from their widespread acceptance and their ability to provide secure and efficient payment options directly from bank accounts.
