Buckaroo Support - EN

Bancontact WIP

In the first quarter of 2020, Bancontact WIP was officially introduced to the market by Bancontact. It is an extension of the existing Bancontact service based on a Wallet.

Advantages vs disadvantages
  • Speed: follow-up transactions with the same Merchant can be completed faster.
  • Recurring: Recurring/Installments can be processed via the Bancontact Scheme.
  • Trust: as an extension of Bancontact, WIP comes across as a trusted service.
  • Volume: only available for low risk/high Merchants with a minimum of 25,000 Bancontact transactions per quarter.
  • Application: a WIP application will involve a multitude of questions to the Merchant and Buckaroo.