Founded in 2005, iDEAL is now one of the most popular payment methods in the Netherlands. It is a payment solution, based on online banking, that enables customers to pay for goods and services they purchase online.
The flexibility and convenience iDEAL offers paved its way to the online gambling industry. It is safe to say that all online casinos serving Dutch players allow them to deposit via iDEAL. Namely, the availability of iDEAL was the reason why some overseas operators were slammed with huge financial penalties.
iDEAL operates on the principle of online banking. It is the middleman between your bank and the online casino you would like to deposit at. But why would you need a middleman in the first place? First of all, because a bank transfer takes longer to process and second, because you don’t have to expose any sensitive information when using iDEAL. You don’t have to set up an iDEAL account, either.
iDEAL Casino Deposits
To make an online casino deposit via iDEAL, you need to make sure that the bank you have an account with supports it. At the time of writing, iDEAL is affiliated with the following banks:
Next, you need to visit the cashier page of your online casino, enter the amount you would like to deposit, and select iDEAL. You will be redirected to your online banking page where you should enter the required information to complete the transaction. The funds appear instantly in your online casino account.
iDEAL Casino Withdrawals
Withdrawals, and more precisely, the lack of a withdrawal option, is the biggest drawback of iDEAL as a payment method. Players who deposit via a payment method that does not accept withdrawals usually have their winnings paid via bank transfer.
Casinos do not have fees for using iDEAL as a payment method, but the affiliated banks might charge you for the transaction.