Dankort

The Dankort is the national debit card of Denmark. It was first issued by Pengeinstitutternes Købe- og Kreditkort in September 1983. The company is owned by Nets, which provides payments, cards and information services in Sweden, Estonia, Finland and Denmark, where it’s headquartered.

Dankort issues Visa debit cards, with the functions of a credit card. Based on the 2015 statistics, they processed over 1.2 billion payments a year and had nearly 5.8 million Dankort Visa cards in circulation, which is more than the population of Denmark. That in mind, where’s a quick rundown of how it works. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.


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Dankort

How It Works?

Since Dankort doesn’t deal with the end users directly, you can get one of their new contactless payment cards at your local bank. The new cards are equipped with the Near Field Communication (NFC) chip that allows to make payments without a PIN of up to 200 kr.

Being in partnership with Visa gives Dankort users the opportunity to pay at over 24 million businesses and use over 1 million ATMs worldwide. To make purchases online, look for the Visa logo and proceed with the checkout by filling in your card and personal details, along with your billing address.

Security

All Dankort Visa cards have a secure chip, which adds an additional level of protection. Since the company has no control over its usage, customers must adhere to the same safety procedures as with any other bank card.

Banking

When using the card abroad or on foreign websites, Dankort notes that there are some transition limits, such as the 20,000 kr monthly limit. However, the limits can vary depending on the cardholder’s bank account and financial institution.

While it’s free to use the card for everyday shopping, like most Visas, additional fees may apply on checkout when depositing or withdrawing at an online casino, for example.

Summary

Dankort is a Danish company that’s owned by Nets. It issues Visa debit cards with the credit card functionality, and has over 5.8 million of such in use to date, which makes it a market leader. In 2015 alone, Dankort processed over 1.2 billion payment transactions.

Click here to visit Dankort website.

Posted by CCJ Team