StageAcquired | Acquired
iDEAL provides an online payment method that allows consumers to pay via its own bank. It helps consumers and businesses pay and get payments via QR codes and payment links. The company was founded in 2005 and is based in Amsterdam, Netherlands. In April 2023, iDEAL was acquired by European Payments Initiative. The terms of the transaction were not disclosed.
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Research containing iDEAL
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CB Insights Intelligence Analysts have mentioned iDEAL in 1 CB Insights research brief, most recently on Apr 28, 2023.
Expert Collections containing iDEAL
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
iDEAL is included in 2 Expert Collections, including Fintech.
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Latest iDEAL News
May 28, 2023
Plato Data Intelligence. Views: 1 Our blog will examine the strengths of iDEAL online casinos and their disadvantages, so you can see for yourself if these operators suit your gaming needs. We will also examine the iDEAL payment method and why it is preferred among NL players. Finally, we will examine some additional aspects of the top iDEAL casino sites in the Netherlands. That way, you can be fully prepared to experience everything these sites have to offer. iDEAL NL Casino Overview Before discussing the iDEAL NL casino strengths, we will carefully examine the operators. Essentially, these online casinos allow players to pay with iDEAL, a payment method similar to online banking. It was developed in 2005 by several major Dutch banks that wanted an online payment system that every bank could use. Interesting fact: Currence manages the iDEAL payment method. This joint e-commerce organisation was established by eight central banks (including ING Group and Rabobank) to manage payment methods in the Netherlands. As iDEAL makes up 70% of online payments in the Netherlands and is exclusive to the country, it is no surprise that there are many Dutch online casinos with iDEAL . The Kansspelautoriteit licenses the best sites, so you can be confident they are legitimate and will provide an exciting experience. Among the pros and cons of online casinos with iDEAL is that these operators are also available on mobile. Players can make payments and play their favourite games anytime through a browser or downloadable mobile apps. However, you should ensure a stable internet connection to avoid any issues. Pros and Cons of Depositing at Online Casinos with iDEAL Before you can participate in any of the legal online games in the Netherlands , you must make a deposit. While some operators may have demos, you will need funds to play for real money. One of the benefits of using iDEAL at online casinos is that deposits are fast and secure, with 2FA ensuring your account is well-protected. Below, you can find the detailed process of an iDEAL deposit, so you can know how it works. Select iDEAL and choose your bank Log into your bank account through the online bank site Verify the transaction details and your data and approve the transaction with 2FA The process is completed immediately As can be seen, the process is simple and fast. Players won’t have any issues completing transactions even from their phones and can be sure there is plenty of security to prevent scams. However, you should be aware that one of the disadvantages of iDEAL online casinos is that you can’t withdraw with iDEAL. Therefore, you will need to find another method for cashing out your winnings. Remember that each casino has separate banking policies, including different processing times and minimum deposit amounts. As such, you should read them carefully to ensure the operator suits your needs. It is also good to see if any promotions can be claimed using iDEAL and if any other terms apply. Benefits of Using iDEAL at Online Casinos While there are many pros and cons of using iDEAL at online casinos, the biggest strength of these operators is their security. As transactions are done directly through the online page of your bank, you don’t have to share your data with the sites. That also speeds up the process, so you won’t have to wait as long. Below, you can find some more benefits and compare them to another popular Dutch payment method: iDEAL Advantages Payments can be reversed Another one of the benefits of using iDEAL at online casinos is that there are no transaction fees, and you can sometimes pay by scanning a QR code. That gives players plenty of options and ensures they won’t have to be charged deposit fees. Deposits are fast, and you don’t need to fill in detailed forms or follow complex instructions. As such, you can quickly complete your transactions and not worry about any issues. Finally, iDEAL is available at almost every NL online casino so you can choose your favourite. Many of these sites will also ensure their bonuses can be claimed with iDEAL, allowing you to participate in any promotion. Everything is designed to provide a comfortable experience, with speedy transactions and the best SSL encryption. You won’t have to worry about your funds or data being stolen. Disadvantages of iDEAL Online Casinos Despite its many strengths, using iDEAL has certain setbacks, and you have to be aware of all the iDEAL NL casino negatives for the best experience. Firstly, this option is only available to people within the Netherlands, so it is not as widespread. You also cannot make withdrawals with this method and will need to use other methods, which may be inconvenient. Below, we have included some of the biggest disadvantages of iDEAL casinos, so you can have a better perspective. Frequent Downtimes No Withdrawals One of the most significant disadvantages of iDEAL online casinos is no chargeback. That means you must contact your bank directly if you have any transaction disputes or issues. Lacking a simple and effective method to resolve such matters means you must be extra careful with finding suitable operators. If you are not a customer of any bank, you cannot use the payment method. Additionally, users have reported frequent downtimes, which can cause further issues when trying to access your funds. That is why, when first making an online casino account in NL , you should check for alternatives. Security and Responsible Gambling at iDEAL Casinos If you have checked all the advantages and disadvantages of online casinos with iDEAL and still wish to try them, you must verify their security. Legitimate operators will have a licence from the Kansspelautoriteit and will utilise the latest SSL encryption technology to protect your data. This ensures they comply with all gambling laws in the Netherlands . Another important aspect is responsible gambling tools. Deposit limits, self-exclusion and cool-off periods can help players avoid addiction and ensure they don’t lose all their funds. One of the advantages of iDEAL online casinos is also that they have helplines and links to responsible gambling organisations, such as AGOG and Loketkansspel. Finally, you can be certain that all the games on these sites are confirmed fair by independent auditing authorities, such as eCOGRA. You can be certain they won’t scam you or steal your data. Other Criteria for iDEAL Casinos When choosing an operator, you must consider several other criteria besides security. One of the strengths of iDEAL NL casinos is their diverse game selections, which include anything from jackpot slots to relaxing table games. Aside from that, there are many other aspects to consider, and we have listed some of them below: Game Selection Bonus Offers A good operator will have excellent customer support to help with any issues and a mobile app for extra accessibility. You should also examine the alternative payment methods, as iDEAL cannot be used for withdrawals, and see which bonus offers can be claimed with iDEAL. Always prepare a budget and examine your preferred site carefully. Checking out the withdrawal times and additional banking policies can also be helpful. iDEAL Casinos FAQ Before wrapping up our article on the disadvantages and advantages of iDEAL online casinos, we will answer all your pressing questions. You can learn more about the biggest pros and cons, and get some extra information about iDEAL payments. 1️⃣ What are the pros and cons of using iDEAL at NL online casinos? During our overview of the iDEAL NL casino strengths , we mentioned that this payment method is popular in the Netherlands. As such, you can find many licensed casinos, with excellent security and responsible gambling tools. However, they do not allow for withdrawals with this method. 2️⃣ Who owns the iDEAL payment method? As mentioned in our introduction to the advantages of iDEAL online casinos , many players prefer using this method. That is because the owner is Currence, a group formed by eight banks to manage payment systems in the Netherlands. It sets clear guidelines to maintain the safety of all NL payment systems. 3️⃣ Do I need to sign up for iDEAL? No, one of the benefits of using iDEAL at online casinos is that you don’t have to make a separate account. Once you confirm the payment details, you are taken to your bank’s online site, where you can log in and complete the transaction. The added two-factor authentication ensures your data’s safety. 4️⃣ Can I withdraw with iDEAL? Unfortunately, among the disadvantages of iDEAL online casinos is the fact that you cannot withdraw with this method. You will have to use an alternative if you wish to withdraw your funds, which may be inconvenient to some. As such, you should always read a casino’s banking policy carefully. 5️⃣ Who licenses the iDEAL online casinos ? When examining the pros and cons of online casinos with iDEAL, you must always check for legitimate licences from Kansspelautoriteit . That is the leading gambling authority in the Netherlands, and its seal ensures your chosen operator is safe. Additionally, you should examine the casino’s encryption technology and responsible gambling tools.
iDEAL Frequently Asked Questions (FAQ)
When was iDEAL founded?
iDEAL was founded in 2005.
Where is iDEAL's headquarters?
iDEAL's headquarters is located at Gustav Mahlerplein 33-35, Amsterdam.
What is iDEAL's latest funding round?
iDEAL's latest funding round is Acquired.
Who are the investors of iDEAL?
Investors of iDEAL include European Payments Initiative.
Who are iDEAL's competitors?
Competitors of iDEAL include GoCardless and 6 more.
Compare iDEAL to Competitors
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