Multibanco, MBWAY and PAYSHOP payments has numerous advantages for your business:
free for users
payments 24 hours a day with real-time notifications
secure payments in Multibanco ATM, MBWAY and PAYSHOP
protected user data, no need to enter bank or card information
multichannel payments: multibanco ATMs, Homebanking,
mobile phones, mPOS, MB SPOT network, MBWAY,
PAYSHOP network, Post Offices
directly from user's bank accounts
no need for pre-load wallets
fully checkout inside seller's website
free APP for payments tracking
more automation, less administrative work,
greater effectivness sales
Annual Payments Ifthenpay (M€)
Number of Merchants
Entidades Aderentes por Distrito (Volume em M€)
Distribution by Sector (Volume in M €)
Payments by Terminal Type (%)
How it works
The Multibanco, MBWAY or PAYSHOP references are automatically integrated in your online store, emails, SMS, traditional paper documents like invoices or orders
Immediately after payment, in real-time, ifthenpay notifies you (by email, push notifications, callback, webservice, or just check our APP or backoffice)
Ifthenpay daily transfers the payments amount less the comission
Channels/Forms of Payment
Ifthenpay references can be paid on any of the following channels:
Multibanco ATMs terminals:
There are thousands of ATMs spread all over the country;
Comfortably at home on the banks websites or APPs;
Through the MBSPOT network;
In the PAYSHOP network and Post Offices for cash payments;
Currently there are over 19 million MB cards, 98% of which are co-branded with international reference systems such as Visa, MasterCard or American Express;
With MBWAY APP, MB Phone or TeleMultibanco, which turns your mobile phone into an ATM terminal; or through the banks APPs that operate in Portugal;
Physical or virtual mPOS:
Most mPOS accepts our Multibanco references;
How to create Multibanco References
Ifthenpay allows any software or website to easily generate Multibanco references. They works with "check-digits" (control digits) and are calculated according to an algorithm;
The Multibanco references are immediately and automatically valid and the Multibanco terminal validates the "check digits" to avoid typos and mistakes;
In the Multibanco references you can include the customer number or order number to easily identify the customer or the order paid;
The generation of Multibanco references is made inside your website... there is no communication with ifthenpay or any other entity or webservice to generate or communicate the references issued (which guarantees 100% of operation!);
Ifthenpay offers a free APP that allows you to generate Multibanco references on demand and send them by email, SMS;
0.22€ + 1.7%
0.07€ + 0.7%
FOR EACH EFFECTIVE PAYMENT
|No activation fee, monthly fee or membership;|
|No initial investment in Hardware or Software;|
|Only the references actually paid are collected;|
|Free Real-time notifications;|
|Free daily transfers;|
|No minimum transactions, deadlines or exclusivity contracts;|
|Free plug-ins for most e-commerce platforms and billing software;|
|Free technical assistance;|
|Free APP for payments tracking.|
We are market leaders and the first to make this service available in Portugal.
Our Multibanco entities are: 10559, 11202, 11473, 11604, 11686, 11687, 11802, 11873, 11925, 11988, 11989, 11990, 12133, 12177, 12178, 12179, 12262, 12263, 12288, 12333, 12351, 12352, 21721 e 21874.
Our entity PAYSHOP is: 10216.
Modules for online stores and examples
(including modules for most e-commerce, billing and programming languages),
- Drupal (versão 7)
- Fullscreen Studio
- SFS – Sincelo
- izigo Shop
- Menu Digital
- nopCommerce - TrumaxX
- Education Management Software
- Condominium Management Software
- Management Software for Travel Agencies and Tour Operators
- Event Management Software
- Sports Management Software
- Judicial Management Software
- SMS sending software
- Optics Management Software
- Training Management Software
- Sports Management Software
- Among many others! (If you have a software that integrates our service and you want to list it here, send us an e-mail to request it)
New ifthenpay television campaign
Today started a television campaign with the following message:
"In an online world, buy and pay securely at a distance ... and get closer to whoever matters most!"
Ifthenpay: Simplify payments in times of distance
«Innovation». Over these 15 years, this has been our challenge. The goal is to respond to the needs of each company.
Ifthenpay works to automate digital payments and with the pandemic, the volume of business has increased. Thanks to you! That continues to trust us.
PAYSHOP (CTT Group) and IFTHENPAY sign partnership for payments
PAYSHOP signed a partnership agreement with IFTHENPAY. From now on, the entities adhering to IFTHENPAY,
have the Payshop references, as well as the Multibanco and MB Way references. The Payshop references
allow cash payments in PAYSHOP network and Poste Offices... the bigger cash payments network in Portugal.
The agreement was signed at the headquarters of the CTT Group, with the CEO of PAYSHOP, the Executive Administrator of CTT Bank, and the Executive Administrator of CTT.
IFTHENPAY at the Money Conference 2018
IFTHENPAY is pleased to announce that its CEO was a speaker at the Money Conference, organized
by Dinheiro Vivo / TSF, Global Media Group, held on October 25 in Lisbon.
The theme was "The Future of Money: How Banking and Fintechs Get Ready for 2030."
In addition to the CEO of IFTHENPAY, the Minister of Economy, CGD CEO, Millennium BCP CEO, NovoBanco CEO, Bankinter Portugal manager, APB President, the person in charge of PayPal, and other responsible of Fintechs was present.
IFTHENPAY is pleased to announce the MBWAY integration into our payments gateway.
The launch of the new service was done at WordCamp Porto 2018, at the Engineering University, member of University of Porto, on May 18.
With this payment method, your customers will be able to pay you by MBWAY smartphone APP, both for remote payments and for face-to-face payments.
Our APP turns your smartphone into a virtual mPOS to receive by MBWAY, with no upfront cost or monthly fees.
Advertise now in your shop "WE ACCEPT MBWAY"!
€ 1,000 millions of payments
IFTHENPAY reached €1,000,000,000 in volume of accumulated payments on 5 April 2018.
We were the first of the new FINTECH in Portugal to reach this value.
We thank all our customers, employees and partners for this stage.
These billion are not ours ... they are from more than 10,000 adherent companies that use our payment service every day. It is a result of its growth, the quality of its products and services, its technological development effort and the confidence of its customers.
It's one billion satisfied customers, one billion paid invoices, one billion fulfilled responsibilities, one billion paid products, one billion online sales, one billion trips made... one billion dreams come true!
As we have not forgotten our origins, and as a way to mark this stage, we offer a donation of € 1,000 to our first customer, the Firefighters Volunteers Santa Maria da Feira, who had the 1st payment on 10/17/2005 at 13:05H, in value of € 24.
But, these are only the first billion. What we want is to continue to grow with you, and that soon, together, we can multiply this value!
email@example.com | firstname.lastname@example.org
In case of suspected fraud contact: email@example.com.
Rua São José, 757
Santa Maria de Lamas
4535-404 Santa Maria da Feira
Portugal - União Europeia
Payment Institution Authorized and Supervised by Portugal Central Bank (registration number 8707) | VAT Number PT 510450024 | Share capital: 300.000,00€