Last editedJan 2020
iDEAL is an e-commerce payment system used in the Netherlands, based on online banking.
| Payment type | Bank transfer |
| Description | iDEAL is an e-commerce payment system used in the Netherlands, based on online banking. Introduced in 2005 by a consortium of all the major Dutch banks, this payment method allows customers to buy on the internet using direct online transfers from their bank account. |
| Currency | € (Euro) |
| Key markets | Netherlands |
| Key fact | More than 30 million iDEAL payments are made every month. |
| Payment use case | eCommerce, One-off transactions |
| Benefits | Real-time |
| Considerations | Designed for one-off payments. Can be coupled with SEPA Direct Debit for recurring payments. |
| Example merchants | Blizzard Entertainment, Etsy, HelloFresh |
| Additional facts + figures |
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