iGaming Payment SolutionsEurope market brief · Verified 2026-07-31
iGaming payments in Portugal
Multibanco, MB WAY. Dominant rail family: vouchers and cash. Settles in EUR. 15 providers in our catalog carry a recorded rail here, 8 of them by direct acquiring.
15
Providers with a rail here
8
Reach it directly
2
Rails tracked
EUR
Settles in
Quick info
- Currency
- EUR
- Region
- Europe
- Betting
- regulated
- Casino
- regulated
- Dominant rail
- Vouchers/cash
- Providers
- 15 (8 direct)
- Regulator
- SRIJ
- Enforcement
- site blocking
The rule in Portugal
Our own reading, not a summary of someone else's
SRIJ-licensed under Turismo de Portugal, with three-year renewable licenses backed by real capital: a EUR500,000 guarantee per license for player liabilities plus EUR100,000 against the special gambling tax. The tax split is unusual and it shapes product mix. Games of chance pay 25% of GGR while fixed-odds sports betting is taxed on turnover at 8%. Enforcement runs through cease-and-desist orders and ISP blocks, with more than 1,500 illegal sites ordered blocked since the market opened in 2015, alongside cooperation with banks to disrupt payment flows. On the rails side everything routes through SIBS, which owns both Multibanco and MB WAY.
How money actually moves
The rails players reach for, in the order that matters locally
- Multibancodominant
vouchers & cash
Reference-code system (deposit-only); run by SIBS; operator needs a SIBS/Multibanco acquiring relationship to generate references.
- MB WAYdominant
mobile money
SIBS mobile layer; instant deposits AND the main withdrawal method (Multibanco can't pay out).
Which providers reach these rails
15 of the providers we track carry a recorded entry for this market
Direct acquiring
8A direct relationship with the local rail rather than a hop through someone else's.
| Provider | Rails named | Evidence |
|---|---|---|
| HiPay | Multibanco, MB WAY, Payshop | industry knowledge |
| Adyen | Multibanco, MB WAY | provider's own claim |
| emerchantpay | Multibanco, MB WAY | provider's own claim |
| Nuvei | Multibanco, MB WAY | provider's own claim |
| Paysafe | Multibanco, MB WAY | provider's own claim |
| PXP Financial | Multibanco, MB WAY | provider's own claim |
| Trust Payments | Multibanco, MB WAY | provider's own claim |
| Worldpay | Multibanco | provider's own claim |
Aggregated or indirect
7The rail is reachable, but through an aggregator, a local PSP or a wallet rather than directly.
Evidence grades run from named clients through platform catalogs and industry knowledge down to a provider's own claim. A claim we could not corroborate is still shown, labelled as what it is. See our methodology.
What it costs to operate, and who enforces
A missing field means we have not verified one, not that none exists
Operator tax
25% of GGR on games of chance; 8% of turnover on fixed-odds sports betting
License economics
Three-year renewable; EUR500k player-liability guarantee plus EUR100k against the special gambling tax
Regulator
SRIJServiço de Regulação e Inspeção de Jogos
Enforcement reaches
site blocking