iDEAL is a very popular online payment system from the Netherlands. iDEAL was founded in 2005, so the payment system has been around for more than 15 years. Behind iDEAL is the Dutch organization Currence, which in addition to iDEAL also operates Chipknip. In the Netherlands, almost 70% of shoppers used iDEAL as an online payment method in 2020. By comparison, credit cards came in at only 9% and PayPal at only 4%. Already in 2014, iDEAL processed more than 180 million payments annually.
The iDEALonline payment system works similarly to Giropay, paydirekt and Sofortüberweisung. Once a customer has chosen iDEALas their payment method, they are redirected directly to their bank. Here, the customer then enters his account number and the purchase amount and confirms the process via two-factor authentication. The online transfer is now carried out within seconds, so that the payment can be confirmed directly or rejected accordingly if there are insufficient funds in the account. iDEAL is criticized primarily because there is no buyer protection here. A chargeback of paid amounts is usually not possible. By the way, players from Germany cannot use iDEAL as a payment method. The prerequisite is namely an account with a participating Dutch bank.
Meanwhile, there are many online casinos that offer iDEAL as a convenient online payment method. However, only online casinos offer iDEAL as a payment option that also accept Dutch players. German gambling fans can instead turn to Giropay or Sofortüberweisung as Deposit methods.