Depositing with iDeal in The Netherlands: here is how that works

Are you looking for the safest and most secure way to deposit money into your sports betting account or online casino of choice? In the Netherlands there is one brand that is far and away the most popular for this process, and with good reason. iDeal is a deposit option that allows you to quickly and securely transfer money directly from your bank account into your account on an iGaming or gambling site, amongst other financial transactions.

What is iDeal?

When playing at your favourite Dutch online casino, iDeal provides the safest method of depositing payments into your account. It is a company that was developed by several Dutch banks back in 2005. At the time it helped the banks to allow customers to make financial transfers securely online but has since expanded to account for around 70% of all online payments in the Netherlands and is a payment option for the vast majority of retail brands and online stores.

What are the benefits of iDeal for consumers?

One of the main benefits of iDeal for customers is that it offers versatility and simplicity of payment. iDeal is offered on websites such as iGaming sites where you can deposit using iDeal directly into your account, but it is also found on retail stores as a payment option, on social media, or payment links can be sent through WhatsApp or SMS. When it comes to the checkout page, just like with a regular credit card payment, all the relevant information is pre-filled, and you are taken to your bank page where you just need to confirm the payment in a secure and familiar place. As payments are confirmed in your bank’s portal, iDeal ensures that the entire process is familiar, seamless, and offers a great level of security through a fraud-resistant payment process.

How does iDeal work?

At the checkout stage of an online payment, customers select iDeal as their preferred payment option. From there, they are redirected to their personal banking app or online banking portal, where the payment is approved. The funds are then transferred instantly from the customer account into the merchant’s bank account, with notification received immediately by both parties to confirm the transaction.

What are the steps to deposit into your account using iDeal?

Let’s run you through the step-by-step process to deposit money using iDeal.

It is an incredibly fast, simple, and secure process to make an online payment using iDeal, and this makes it a popular choice for online casinos in the Netherlands, sports betting websites, and for a whole host of retail merchants.

• Click into your account section on the website and choose ‘Deposit’
• Choose iDeal as your payment option
• From the drop-down menu select your bank
• Enter the amount that you would like to deposit and select the currency that you wish to deposit in
• Review and confirm the deposit
• You will then be redirected to a secure page to confirm payment and complete the transaction

It is important that you have your correct banking details to ensure that you are logged into your bank and that all the details are accurate for the time you choose to deposit money into your account.

How long will it take to deposit money into my account using iDeal?

Once you have confirmed payment in your personal banking portal, the payment through iDeal should hit your account instantly. Of course, there are sometimes technical issues to contend with which may result in a slight delay of the transaction being processed, but you will always be alerted to this if it is the case.

What happens if an iDeal transaction fails?

This will be down to one of a few reasons, including:

• Your bank rejecting the transaction request. It is important that you contact your bank immediately in this scenario
• Your online banking credentials are incorrect, such as a one-time security code. Contact your bank to attempt the transaction again
• There has been a delay, and the payment request has expired. In this case, you must begin the process again

In terms of online security and the iGaming world, the Netherlands is one of the most secure in Europe. The use of a payment process such as iDeal plays a big part in this, as the culture of online payments in the Netherlands has developed alongside such a secure system. This make a lot of sense, and for newcomers to the country, or those looking for the most secure way to deposit money into their online casino accounts or other online retail merchant websites, iDeal is the correct choice.