Bancontact payment solution expanded with one-click and recurring payments via Buckaroo

Utrecht, July 23, 2020 – Payment service provider Buckaroo is expanding its payment products with Bancontact Wallet Initiated Payments (WIP). This allows businesses that process Belgian payments through Buckaroo to use OneClickPayments and Recurring Payments via Bancontact. It makes paying online even faster and easier for Belgian consumers.

“Our objective is to listen to the wishes and needs of merchants when it comes to continuously improving the shopping experience,” emphasizes Nathalie Vandepeute, CEO of Bancontact Payconiq Company. “The ability to store Bancontact card details for recurring and one-click payments is a request we are happy to meet through our partnership with Buckaroo.”   

As a local player, Bancontact Payconiq Company offers secure payment solutions tailored to every merchant. The Bancontact card is the benchmark for electronic payments, with more than 1.43 billion transactions in Belgium in 2019. Bancontact WIP (Wallet Initiated Payments) is an additional Bancontact service. This feature was developed at the request of merchants to make the shopping experience even easier for consumers. After a one-time registration of the Bancontact card, the service allows transactions to be completed without 3D Secure authentication. This directly increases conversion, because it significantly reduces the number of steps needed to complete a transaction. It enables one-click checkout and makes recurring payments easier.

The Bancontact Wallet has two core features. The first is OneClickPayments, a fast checkout feature that lets consumers who previously chose to save their payment details complete a payment with a single click. The second is the Recurring Payments solution for periodic payments, installment payments, or subscriptions. Repeat payments can be processed automatically through the Bancontact Wallet without asking the consumer to confirm each payment.

Bancontact only offers this service to low-risk, high-volume merchants with at least 25,000 Bancontact transactions per quarter. If you qualify for Bancontact Wallet Initiated Payments, you can use the Bancontact One-Click Payments and Bancontact Recurring features. Every merchant must complete an official WIP application process, which Buckaroo will guide you through.

Email info@buckaroo.nl or ask your account manager at Buckaroo for more information. Buckaroo is happy to guide you through the application process with Bancontact.