What is iDeal? iDeal Review, Features

Founded in 2005, iDeal is the largest online payment brand in the Netherlands and the most popular online real-time bank transfer payment method in the Netherlands. More than half of e-commerce transactions are completed through this payment method.

About iDeal

Originally designed for online store payments, iDeal is now increasingly used to pay energy bills, donate to charities, increase call credits, pay local taxes, traffic fines, etc. iDEAL provides the recipient with instant online payment guarantee, without registration, users who use iDEAL can directly operate online as long as they have a bank account, which enables them to deliver goods and services immediately.

Features

· Coverage: Netherlands, UK, US;

· Trading restrictions: no restrictions;

· Trading currency: Euro (EUR/€);

· Payment type: online banking transfer;

· Arrival time: real-time arrival;

· Whether to support chargeback: Yes;

· Use cases: online shopping, bill payments, bank transfers;

· Payment features: no deposit required, no chargebacks, real-time transactions, simple operation process, high usage rate among target groups;

· Supported banks: ABN AMRO (previously Fortis Bank NL), ASN Bank, Friesland Bank, ING, Rabobank, SNS Regio Bank, Triodos Bank, Van Lanschot.

Advantages

1. Security: Customers pay through the familiar online banking environment.

2. Simple: Visitors do not need to register, download files or create accounts.

3. Available immediately: Available to every bank account holder in the Netherlands.

4. Fast: Enter all payment details for your visitors and notify them immediately that their payment was successful.

5. Insight: Customers constantly check their payments; payments are processed instantly and displayed in the account overview.

How to use

Step 1: Select iDEAL as the payment method on the website;

Step 2: Consumers log in to their iDEAL account and only need to enter their account number and bank code;

Step 3: iDEAL conducts online real-time transfer;

Step 4: iDEAL confirms the transfer is complete;

Step 5: Return to your website and the transaction is complete.

How merchants can use iDEAL

1. You can use iDEAL to pay in online stores. No registration, file download or account creation is required. If the customer has an online banking account with any of ABN AMRO, Fortis, Postbank, Rabobank, ING Bank or SNS Bank, they can use online banking to pay directly to iDEAL.

2. You can send commercial iDEAL payment requests to customers, and send links through various channels, including email, SMS or WhatsApp.

3. Customers can also pay using iDEAL QR codes displayed offline on paper invoices, sales receipts, store windows, etc. or scan the iDEAL QR code online (in your online store, on screens, at payment counters, etc.) and use their bank's mobile banking app or the iDEAL app to make payments.