iDEAL is an online payment system that operates using either a mobile app or the online banking facilities of participating financial institutions. The funding method is immensely popular in the Netherlands, but is it one of the top 10 best for online gambling sites in 2021?
First established in 2005, iDEAL is a payments powerhouse within the Netherlands where its popularity supersedes both Visa and PayPal (uniquely amongst European nations in 2018). It works by allowing individuals to use their bank accounts to make transfers, meaning that there's no need to actually sign up to iDEAL itself. It has proven so successful that in the Netherlands it's more commonly used than credit cards for online payments, making iDEAL online casinos a top choice for Dutch players. There are around a dozen participating financial institutions, which together cover the vast majority of the Dutch market (these include ABN AMRO, ING, and SNS). Shops in more than 60 countries worldwide offer iDEAL as a payment option, including the best online gambling sites, and in 2018 the method had a 57% market share of e-commerce in the Netherlands. Whilst a huge player (indeed, the leading option) in the Netherlands, iDEAL for casinos does not have a significant presence elsewhere.
Because iDEAL for casinos operates via mobile/online banking it takes advantage of many of the same top security features common to these. It isn't necessary to sign up to the firm itself, with the service being provided through various issuers (Dutch banks), allowing the payment method to use the banks' own security infrastructure when transferring to online gambling sites. For added security there is two factor authentication, and sensitive information such as card details are not conveyed. The payment method has become a dominant player in the Netherlands, which is indicative of widespread trust from both consumers and the financial institutions themselves. It is worth being aware that there can be downtime for the service, but it is up more than 99% of the time. Overall, it's a secure system and one that can reassure those nervous of using more traditional means and sharing financial details with online gambling sites, with many great European online casinos from which to choose. Dutchman wary of sharing could consider it one of the top 10 best funding methods.
Online iDEAL casinos have numerous advantages including low or no fees and fast deposits. Another of these entries in the pro column is bonuses. The best online gambling sites are often interested in combining enticing new players with encouraging them to make use of banking methods other than Visa and Mastercard, which come with processing fees higher than alternative means of moving money. What this means for players is that many iDEAL casinos provide promotions that are tied to particular payment methods including iDEAL. Finding out this information is easy. You can either check out an iDEAL casino's bonuses page yourself and read the terms and conditions of individual offers or save yourself some time by consulting a review site's best top 10 bonuses list and picking your fancy.
Depositing using iDEAL at casinos is particularly easy and convenient because you don't have to sign up with the firm in any way. However, you do have to have a bank account with a participating Dutch financial institution. In short, this is one of the top 10 best options and very easy if you're Dutch, and pretty difficult if you're not.
One of the downsides of iDEAL casinos is that the system can only be used for deposits at online gambling sites. Alternative provisions will have to be made for withdrawals, with one commonly available option being the bank transfer, which we've outlined below. (Other withdrawal options may be accessible but most others require a deposit to be made with that same funding option).
When it comes to worldwide opportunities to buy, there are dozens of countries that offer iDEAL as a payment option. However, there's a very tight geographical limit at the other end, from the consumer perspective. Using iDEAL casinos requires a bank account with a participating Dutch financial institution, so this pretty much limits the method (which is immensely popular in the Netherlands and is currently top dog in the world of e-commerce) to people from there. If you happen to be Dutch and living overseas, but retaining a Dutch bank account, then you may be able to access it, or likewise if you are a non-Dutchman living in the Netherlands, but otherwise this is a one country online gambling method. Given how popular it is, it does seem a little strange that iDEAL casinos are confined to the Netherlands. But if that's where you're from, it's one of the top 10 best options given its predominance.
If you have any questions about the best online iDEAL casinos and why it's considered a top payment option, our FAQ's can help you out.
No, iDeal for casinos doesn't impose any fees by itself. However, individual banks and iDEAL casinos may impose fees, varying from one institution and online gambling site to the next. Some may have no fee at all, and shopping around for the best deal is worthwhile.
Yes, in essence, it is Dutch only. Whilst a major player in the Netherlands, the top firm does not seem to be interested expanding elsewhere. At the moment, a Dutch bank account is required to use iDEAL at casinos, which does substantially limit its player base.
The deposits are very fast - instant, in fact. Transfers to the best online gambling sites are immediate, with the money being moved directly from your bank account (so if you attempt to transfer too much the transaction will fail). Slow internet or technical hitches can always slow things, of course.
No, you cannot make withdrawals using iDeal casinos at the moment. Individual iDEAL casinos should indicate the default alternative arrangement (bank transfers amongst these, as described above).
It may happen that a site accepts Dutch players without listing iDeal as a payment option. No system is completely universal, and it may simply be that the online gambling site in question doesn't have sufficient players from the Netherlands to justify accepting iDEAL.
You don't register anywhere. That is, of course, If you have a bank account with a participating Dutch financial institution. One of the major selling points of the best iDEAL casinos is the convenience.
Yes, iDEAL is very secure. The lack of disclosed details and utilization of pre-existing security infrastructure of financial institutions means that iDEAL is a largely secure option (no system being perfect).
No, you shouldn't use iDEAL if you don't like online and mobile banking. After all, this is the modus operandi of the payment method.
Yes, iDEAL is trustworthy. The prevalence of the system in the Netherlands speaks well of the trust it's earned over the years with many people considering it a top option.
Yes, there is some downtime on the system. However, it happens very occasionally, but that's the case for just about every funding method.
Provided you meet the criterion of having a Dutch bank account, iDEAL for casinos has an array of positive attributes that make it one of the top 10 best online payment options. Players making use of it can enjoy instant deposits, high levels of security, and share little information meaning that in the event of a security failure there isn't much information to be lost. In addition, fees are very much towards the low end and there's no need to register with any entity other than the iDEAL casino itself.