iDeal Casinos

About iDEAL

Not many banks support iDEAL and only the customers of participating banks with internet or mobile banking access can use this payment method. You don’t need any registration for making payments using iDEAL. All you need is an account in any of its participating banks with access to its internet or mobile banking application. The amount you pay will be directly deducted from your bank account.

Your payment is processed within a few seconds upon your approval. If you want to cancel the payment, you’ll need to contact the support team of the merchant site on which you’ve made the payment. You can also make iDEAL payments with your smartphone through your bank’s mobile banking app.

This payment system was introduced in the Netherlands in 2005. It is owned by Currence, which is an association of Dutch banks that co-ordinates payment systems in the Netherlands. In 2006, iDEAL processed more than 4 million transfers. The number of iDEAL transactions reached 655 million in 2019. It remains one of the most popular payment methods among the online casino players based in the country.

Some of its participating banks include Rabobank, ABN AMRO, and ING Bank. Online merchants using this payment system can have a low-cost and risk-free payment solution. With iDEAL, they can offer their customers an environment that’s similar to the online banking facility of their banks. Casino players just need to select this payment method and their bank on their casino’s website. When this is done, they’ll be redirected to their bank’s online banking login page. They can then enter their login credentials and approve the payment. Once the merchant site receives real-time confirmation of the payment, the customer is given an instant intimation of the successful completion of the transaction.

Pros and Cons of using iDEAL in online casinos

Every online casino that accepts iDEAL will have its own form of this payment method. One is the usual payment link on the cashier, banking, or payments section where you choose this payment method to make your deposit. Some casinos will have it as a QR code, which can be scanned with your bank’s mobile banking app. You can then make the payment directly with iDEAL using your smartphone.

This is the safest and easiest way to pay. You can easily recognize the iDEAL QR code, as it will have its logo in the middle. Before you choose this payment method for your online casino transactions, you might want to consider its pros and cons.

Pros:

• It helps you make instant deposits into your online casino account
• You don’t need to create a separate account for this payment method
• Your personal and financial data are not shared with anyone
• This payment system has one of the best online security features

Cons:

• Very few casinos accept this payment method
• It is difficult to reverse a payment that has been done
• This payment method has only a few participating banks

How does iDEAL compare to other payment methods?

One of the greatest benefits of using iDEAL is that it doesn’t charge any fees. If you’re using any of the traditional payment methods such as bank transfers or bank cards, you’re charged a certain percentage as fees. You’re also required to provide some sensitive financial data during the transactions in these traditional payment methods. You don’t need to provide any such information when using iDEAL.

PayPal, Skrill, and other e-wallets also charge a certain amount as transaction fees. In this regard, iDEAL is certainly a better option as a payment method. The other features like instant payments and information security is almost the same in both these types of payment methods. Prepaid vouchers offer similar benefits, but you won’t be able to retrieve them once they’re lost or stolen.

Cryptocurrencies offer the best online security features and they’re now accepted in many online casinos. However, they’re extremely volatile and the fluctuating prices might adversely affect your winnings. Besides this, their transaction fees go up in certain situations like congestion in their network.

iDEAL Fees

You won’t be charged any fees for using iDEAL as the payment method in your online casino. A fee of €0.30 is charged on every consumer-to-consumer payment. In such cases, it is up to the payer and the payee to decide who pays this fee. Some online casinos might charge you a certain amount as fees for using iDEAL as your preferred payment method.

This is because iDEAL charges them fees for using it on their website as a payment method for their players. To cover this cost, they may charge their players a certain amount or percentage as fees. Some casino websites run occasional promotions and special offers. These promotional offers usually give players the opportunity to recover the amount they pay as fees and have some additional funds as well.

It would be a good idea to go through the terms and conditions of the online casino you’ve chosen to play your favorite games. Generally, this is the section where most online casinos provide detailed information on the fees they charge. If you don’t find any such information, you can always get in touch with the casino’s customer support team.

How to use iDEAL for online casino deposits

You can use iDEAL with a lot more convenience than most e-wallet systems. It works well on desktops as well as mobile devices. Some of the largest banks in the Netherlands are the participating banks in iDEAL. To use this payment method in an online casino, you’ll need to choose a casino website that accepts iDEAL payments. Once you’ve found one, sign up with the online casino.

Use your login credentials to sign in to your online casino account and navigate to the cashier, payments, or banking section. Choose the option to deposit funds into your casino account and select iDEAL as your preferred payment method. The next step would be to select your bank. You’ll then be taken to the online banking page of the bank you’ve selected.

Follow the instructions given in this section. It might require a two-factor authentication to proceed further. Next, type in the amount you want to deposit and double-check the information before authentication. Once you confirm the transaction, your funds will be transferred instantly into your online casino account.

How iDEAL can be used for withdrawals in online casinos

You can’t use iDEAL for withdrawing winnings from your online casino account. For this purpose, the best method would be an e-wallet. To withdraw your winnings using an e-wallet, head to the cashier, payments, or banking section and choose the option to withdraw funds.

Select the e-wallet you have an account with and specify the amount you want to withdraw. To proceed further, you’ll need to confirm the transaction. Once you’ve given the confirmation, the online casino will process the transaction and your withdrawal would be complete. Most e-wallets will process such transactions instantly and you’ll get the amount in your e-wallet account.

To receive the amount in your bank account, it might take up to 72 hours. It might take longer, depending on the online casino and e-wallet you’ve chosen. You can also choose to withdraw your winnings using a credit card or any other withdrawal method accepted by the online casino.

How secure is iDEAL?

By using iDEAL as your preferred payment method, you can make reliable, secure, and fast payments in online casinos. These transactions are completed by using the online banking system or the mobile banking app of the participating bank you’ve chosen. You can ensure higher levels of security by using two-factor authentication to complete your transactions.

Payments made using iDEAL can’t be reversed. So, you’ll need to double-check all the details that you key in during the transactions. Once you approve the transaction, it would be difficult to get back the money you’ve paid. The only way to do this would be to take up the matter with your bank.

You can ensure additional security of your account and the payments you make by choosing a reputed and safe online casino. It must also be licensed by a leading online gaming regulator, such as the Malta Gaming Authority (MGA) or the United Kingdom Gambling Commission (UKGC).