What is iDeal?
The iDeal is an e-commerce payment system used in the Netherlands by several banking institutions. It serves purely as a secure payment gateway between your personal bank account and over 60 iDeal Online Casinos and other supported retail and business merchants.
iDeal ensures that you can transact in ‘real-time’ so that there is no delay in being able to enjoy the fruits of your payment. When depositing at online casinos, your bankroll will be boosted in mere minutes so that you can play your favourite online slot titles and table games, in record time.
A bit of history
Introduced to the world in 2005, iDeal has anchored itself as a truly beneficial payment service to a plethora of Dutch bank account holders, completing several million transactions every year. In less than 10 years (by 2014) over half of the payments made online in the Netherlands, were made via the iDeal payment gateway.
How does it work?
iDeal does not transact the funds at all, but rather provides a portal linking you to your online merchant and to your personal bank account at the same time so that you can release funds with instant clearance into the vendor’s banking account. The process is quite simple:
- Log in to your casino account.
- Head to the Cashier (or equivalent) page and select to deposit funds.
- Select ‘iDeal’ as your payment method of choice.
- Enter the amount which you would like to transfer.
- Select the name of your bank from a menu of choices.
- You will now be re-directed to your bank's online banking page where you must log in with your online banking credentials.
- Approve the payment.
- The casino will receive payment notification of payment, and within minutes you will be able to spend your new bankroll.
Advantages of using iDeal at an online casino
1. Confidential and Secure
The transfer is concluded exclusively between you and your bank when using this service. The iDeal staff nor the casino staff have access to your private details, at all. The online form produced is therefore protected by bank-level multi-encryption to safeguard all your data. This means that you can rest assured that your transactions are kept far away from prying eyes.
2. Deposit in Real-Time
Making use of this payment gateway guarantees instant, real-time payments to your chosen casino vendor so that there is no considerable delay between your transaction and your playtime.
Generally, your bankroll will be credited within minutes of approving the transaction. The payment will also reflect on your bank statement straight
3. No Unnecessary Accounts, Costs and Verifications Needed
Because this method merely facilitates a transaction from your bank, no extra account memberships are needed, which means that there are no extra fees involved. Because your bank account is accessed directly, you will not need to verify any data either, unlike with many e-wallets and other e-commerce payment solutions.
Disadvantages of iDeal
1. Limited Coverage
The iDeal is only available to gamblers and consumers holding a bank account with one of several banks in the Netherlands. iDeal does not even seem tempted to move beyond the scope of business that they currently have, which means that gamblers from other countries seeking fast payment solutions must look elsewhere to meet their needs.
2. No Withdrawal Mechanism
Тhe iDeal is purely a payment solution and has no mechanism in place for withdrawals from casinos. This means that you will need to make use of an alternate banking method for withdrawing your winnings from an iDeal Casino.
Most casinos will payout directly to your bank account, but this means that you will have to enter your data onto their servers and wait up to 5 days to receive the cash.
3. No Bank Guarantees
One of the drawbacks of making payment via the iDeal gateway is the fact that your bank will not guarantee the payment. You will therefore not be able to force reversals for any reason whatsoever.
Interesting info on usage
iDeal imposes no limits upon the deposits you can make, but you will be limited by the transfer limits set on your personal bank account. They will still apply, even though you are making use of the third-party portal.
Be sure to educate yourself on your casino's deposit limits, as this could influence the amount you may transfer, as well.
There are no fixed monthly fees as there is no set account to be administered. iDeal does levy a €0.29 cost per transaction though. Other costs incurred could come from your bank for the deposit made.
iDeal payment solutions can be used at over 60 online casinos offering to gamble to Dutch players. For a player to qualify they must hold a valid account at one of the following banks in the Netherlands: ABN AMRO, ASN Bank, Bunq, Friesland Bank, ING, Rabobank, RegioBank, SNS Bank, Triodos Bank, Van Lanschot Bankiers, and Knab.
If you are seeking to gamble from the Netherlands and make payment via iDeal, then look no further than our CasinoWow list of reputable online casinos accepting iDeal transfers.
Each casino in the Netherlands has been vetted and meets international standards of service and gameplay so that you can play with peace of mind that your interests are being looked after.