iDeal is an online payment solution based on the concept of online banking. It was introduced in 2005 and is available in the Netherlands; owned by the Dutch company, Currence. By 2007, iDeal was already the most popular online transfer solution in the Netherlands. It allows customers to transfer funds directly from their bank accounts, as long as your bank is approved as a participating iDeal bank. All transactions are carried out in UK pounds, euros or US dollars.
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Getting an Account Setup
Using it is as simple as making any payments online. To begin, you must ensure that your bank is a participating iDeal bank. These banks include ABN AMRO, ING Bank, Royal Bank of Scotland, ASN Bank, Friesland Bank, Fortis, Rabobank and SNS Bank. These represent a large number of the online banks in the Netherlands making it an available option to most people.
You will not need to pre-register in order to be able to use it as a payment solution. Visit the cashier section of the gambling website that you are playing at and make sure that they accept iDeal as a payment solution. Click on iDeal and then click on your bank from the drop down list that will be presented to you. That will generally transfer you to the website of your local bank where you will need to fill in your account details and deposit amount. You will then be directed back to the gambling website for verification.
Why Sign-up for this Payment Method?
You do not need to provide your financial information to the online betting site that you are playing at – you are directed to your online bank when making payments. This decreases any risk of identity fraud and increases the safety and security of your personal and financial information.
Using it as a payment solution is simple and familiar. Anyone who is familiar with making payments online and using their Internet banking facility will find the use of iDeal as simple as that. You are even directed to your bank page in order to fill out the details for payments!
You do not need to register as long as your bank is a participating iDeal bank. Once the transfer has been authorized by your bank, iDeal will fund your betting account immediately. This means that your funds will be available for play instantly.
Besides for their cheap fee structure, many online betting sites will offer a deposit bonus of between 10% and 15% for making deposits.
Fees will be charged by your bank for online transactions and each bank will charge a different fee. Make sure to check the fee structure of your bank for online transactions before you choose it as a payment option.