iDEAL is an internet-banking affiliated payment method that was introduced in 2005. This payment system only operates in the Netherlands. So, you’ll only be able to use it if you have a Dutch bank account. It’s owned by Currence, a Dutch company.
iDEAL is likely the most popular payment method for online transactions in the Netherlands. It even outweighs the use of credit cards over the internet. Since its launch, iDEAL’s popularity grew exponentially. Statistically, it’s the most popular way to buy or pay for services online when you’re in the Netherlands.
The banks that accept and are affiliated with iDEAL include Friesland Bank, ABN AMRO, ING Bank, Bunq, De Volksbank, Triodos Bank, Van Lanschot, Triodos Bank, and Knab. iDEAL is said to filter more than a billion online transactions a year.
Details About the iDEAL Payment System
iDEAL is a financial system linked to the internet banking functions of most of the major banks in the Netherlands. It offers both online businesses and customers a way to process transactions in real-time. It further eliminates most risks associated with e-commerce providing a secure platform for both business and customers.
Online casinos took on iDEAL because it offers the players the chance to safely process deposits. The deposits occur in real-time, which means that players can have instant access to their deposits and start gambling. This is impressive, especially if you think a bank transfer can take anything between three and seven business days to process.
Fees and Commissions
iDEAL fees are calculated per transaction. It starts from as little as €0.29 per transaction. iDEAL doesn’t charge monthly fees or commissions.
Deposit and Withdrawal Times
The great news is iDEAL processes transactions in real-time. This means that you don’t have to wait several business days or even hours for a deposit to made from the bank account. Avid punters love this functionality because it means they can gamble immediately. There’re no hassles when depositing with iDEAL. However, you won’t be able to withdraw your winnings through iDEAL. This a straightforward payment function linked to your bank’s internet banking services.
Support Work Quality
If you want to use iDEAL to make deposits at your online casino, you’ll have to have a bank account with a bank in the Netherlands. iDEAL is associated with most major Dutch banks. It takes the risk out of online payments and protects both the customer and online store or business. iDEAL processes over a billion payments per annum. This alone indicates how convenient and trusted it is in the Netherlands.
Mobile Version and Application
iDEAL recognized the need for mobile versions of its payment system. It aims to provide customers with the same quality and service available on personal computers. Users can choose between a payment service using a bank’s mobile internet banking service or the separate iDEAL mobile website.