iDEAL is probably one of the most popular methods of making online payments in the Netherlands. iDEAL allows direct internet transfers from an individual’s bank account to an online merchant or directly to someone’s casino account. Due to the Dutch flavor of the payment option, online casinos are not allowed to offer iDEAL under current legislation.
Founded in 2006, iDEAL is an internet payment product owned by the Dutch company Currence. It was established that Dutch people who want to use a safe and protected payment method when transferring money to a website such as an online casino could do so with peace of mind. Please note that the law currently forbids online casinos to focus (too much) on Dutch players. This also means that offering the Dutch payment method iDEAL is why the Gaming Authority assumes that the gaming provider is targeting the Dutch market. Can you pay with iDeal at an online casino? Then the casino takes a significant risk.
iDEAL allows direct internet transfers from an individual’s bank account to an online merchant or directly to someone’s casino account. iDEAL is an excellent payment product for Dutch residents. They have a bank account with one of the following popular banks: ASN Bank, ING Bank, Regio Bank, Triodos Bank, ABN AMRO, Friesland Bank, Rabobank, SNS Bank, or Van Lanschot.
Since its creation, the company has seen a steady growth in the number of transfers it has made after starting with about 4.5 million transfers in 2006. The number of transfers almost tripled in 2007 to more than 15 million. Thanks to its solid reputation, transactions rose to around 28 million in the following year and an astonishing 68.8 million transfers in 2010.
iDEAL currently only serves individuals or merchants with Dutch bank accounts. The company would like to expand its reach to the international market and discuss this possibility with interested banks outside the Netherlands. iDEAL realizes that Europe will soon function as a Single Euro Payments Area (SEPA), which will allow it to work with all EU countries.
The company will continue to develop its offering to keep up with technological developments and other important factors to its customers. As more and more people use their mobile devices, such as smartphones, for their banker’s needs and entertainment, iDEAL is proud to offer free transactions that are accepted in real-time.
iDEAL Casino Banking
A significant concern for all internet gamblers can keep their personal and bank information protected since online fraud and account hacking has become big business. By using the iDEAL payment method, players can be sure that a leading company protects their data. iDEAL uses two-factor authentication (2FA), which is the same high level of security that banks use when issuing bank cards with a chip. In addition to the feeling of security, some banks that work with iDEAL offer players an extra comfort by allowing them to use their mobile device to transfer funds.
Players will experience many benefits from using iDEAL accounts for casino transactions. iDEAL is easy to use, and users don’t even need to download software or anything like it. iDEAL casinos process transactions instantly, so players never have to wait for their money to be withdrawn or deposited. This means that if players want to have an account with more than one internet casino, they can access all their gambling funds at any time. Players using iDEAL casino banking methods can often accumulate an additional casino deposit bonus in their casino account that is worth 10-20% each time they use iDEAL. On top of other casino bonuses, players are entitled to.