What is iDEAL? iDEAL Review

What is iDEAL? iDEAL Review
iDEAL is the largest online payment brand in the Netherlands and the most popular payment method in the Netherlands. More than half of e-commerce transactions are completed through this payment method. Originally iDEAL was designed for online store payments, but now it is increasingly used to pay energy bills, donate to charities, increase call points, pay local taxes, traffic fines, etc. Nature Payment founders Somen Mondal and Shaun Ricci website https://ideal.com/


Basic Introduction

Covered regions and supported banks: Netherlands, United Kingdom, United States;

Supported banks include ABN AMRO (previously Fortis Bank NL), ASN Bank, Friesland Bank, ING, Rabobank, SNS Regio Bank, Triodos Bank, Van Lanschot

Payment features: no deposit required; no chargebacks; real-time transactions

Supported currencies: EUR

iDEAL Advantages

1. Security: Customers pay through the familiar online banking environment ;

2. Simple: Visitors do not need to register, download files or create accounts ;

3. Available immediately: Applicable to every bank account holder in the Netherlands ;

4. Fast: Enter all payment details for visitors and notify them immediately of successful payment ;

5. Insight: Customers constantly check their payments ; payments are processed instantly and displayed in the account overview .

How to use

Step 1: Select iDEAL as the payment method on the website;

Step 2: Consumers log in to their iDEAL account and only need to enter their account number and bank code;

Step 3: iDEAL conducts online real-time transfer;

Step 4: iDEAL confirms the transfer is complete;

Step 5: Return to your website and the transaction is complete!

How merchants use iDEAL

1. You can use iDEAL to pay in online stores. No registration, file download or account creation is required. If the customer has an online banking account with any of ABN AMRO , Fortis , Postbank , Rabobank , ING Bank or SNS Bank, they can pay directly to iDEAL using online banking .

2. You can send business iDEAL payment requests to your customers . The link can be sent through various channels, including email, SMS or WhatsApp .

3. Your customers can also pay with iDEAL QR codes , which can be displayed offline (on a paper invoice, on a sales receipt, in a shop window, etc.) or online (in your online shop, on a screen, at a payment bar, etc.) and then scan the iDEAL QR code to pay using their own bank's mobile banking app or the iDEAL app.

References

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