iDEAL is a Dutch standard for Internet payment. Dutch consumers use iDEAL to pay for their online purchases on internet through their own online banking environment. It is the most popular online payment method in the Netherlands. Payments with iDeal are 100% guaranteed and cannot be unilaterally reversed.
iDEAL was founded in 2005 by Currence to meet the need in the Netherlands for a universally accepted online payment method without high transaction costs. Transactions with iDEAL are free of charge for consumers.
How does iDEAL work?
The consumer places an order on a webshop and chooses to pay with iDEAL. After selecting the own bank, the consumer is redirected to the Internet banking environment of the own bank, where the payment order has been prepared. The consumer authorizes the payment, the amount is deducted and the consumer and the webshop are informed that the order has been paid.
Who can pay with iDEAL?
All Dutch consumers with an Internet banking account with ABN AMRO, ASN Bank, Rabobank, SNS Bank, RegioBank, ING, KNAB, Friesland Bank, Triodos Bank, and Van Lanschot Bankiers can pay for their online purchases with iDEAL.
How can I install iDEAL on my webshop?