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.|
|Key fact||More than 30 million iDEAL payments are made every month.|
|Payment use case||eCommerce, One-off transactions|
|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||