iDeal is a method of online payments using a system of online banking to facilitate transactions on the Internet. The iDeal is being used in The Netherlands and was launched in 2005. The iDeal system works on the basis of a direct link between bank accounts and online accounts. iDeal works by allowing online payments to use money that is transferred directly from the users’ bank accounts. A number of internationally known bank chains such as ABN AMRO, ING Bank, Royal Bank of Scotland and Fortis are involved in using the iDeal system of online banking and payments.
Merchants are offered a safe means of receiving payments for online transactions when they sell their products and services while the buyers are able to make the payments in the standard online banking format.
Creating an Account with iDeal
Using iDeal while shopping online is fairly easy. Once you have zeroed in on a product you want to purchase, you click on the buy option and then choose the iDeal tab/ button. Once it is opened, you choose your bank (the bank you have an account with). This step will take you to the login page of your bank’s online banking facility.
Once you have signed into your account, you can access the transaction page where you will fill in the requisite information such as the account number. Using your 2FA token you will digitally authorize the transaction and after that the bank will put it into action. The payment money is then deducted from your account, while the merchant receives a notification that the payment is currently processed.
Depositing money to your casino account by using iDeal is neither complicated nor time-consuming. You just have to log into the casino you have an account with and select iDeal from the list of available payment options. Then, choose the Deposit button and select the bank you have an account with. Once you do that, you will be redirected to the page of your bank where you will be required to enter some basic bank details. As soon as all steps are completed, the funds should be available in your casino account in a few minutes.
Although iDeal is a widespread payment method on the territory of the Netherlands, many online casino players point one major setback. For the time being, it is not possible to withdraw your winnings via iDeal. That is why players who deposit funds via iDeal withdraw their funds via wire transfer.
Speaking of the advantages of using iDeal as primarily payment method, it cannot be denied that it provides the ease players are looking for. The interface is user-friendly and every player is enabled to keep track of the payments as the transactions are displayed in the online banking history.
If a transaction with iDeal cannot be processed, the customer is immediately notified for that.
iDeal cannot be defined as a payment method popular on a global scale, but it is gaining more and more popularity due to the security measures taken towards protecting customers’ personal and bank information.
Ideal uses the so-called two factor authentication for maximum protection against frauds and phishing. Users’ personal details are never shared with third parties.