As the online gaming industry continues to expand, both inside and outside the EU, many countries are undergoing process of regulation. One of those countries is the Netherlands, now in full preparation to open its online gambling market to global competition in 2021.
As of today, the Dutch market is the 17th largest iGaming market within the European Union with around 700,000 people gambling online and a gross gambling revenue varying from €130 million to €250 million yearly. It’s understandable that the industry is getting prepared so they won’t end up in the long queue unprepared. One of the preparations involves a very important payment option, called iDEAL and which is mostly used by Dutch players. This explains why more and more Netent Casinos offer iDEAL as a payment option.
iDEAL is the most popular online payment system based on online banking and mostly used by the people with a bank account in the Netherlands. This online payments service was introduced in 2005, allowing customers to buy online using direct online transfers from their bank account.
With over 140 million transactions made in 2013, iDEAL is the biggest online payments service used by the Dutch. No wonder Netent casinos can’t ignore iDEAL as one of the payment options as it will be an important strategy to attract Dutch players. iDEAL is owned by the Dutch organization Currence, an association set up by the banks coordinating the payment systems in the Netherlands.
iDEAL allows you as a Dutch casino player to make a deposit in a swift and secure way, directly in the familiar online banking environment of your own bank. Registration isn’t necessary as iDEAL is connected to the online banking system of the Dutch banks. Just as Netent Casinos can’t ignore iDEAL as a payment option, neither Dutch banks can. With all banks participating, iDEAL can be called a perfectly created payment system for the Dutch people.
The banks participating are ABN AMRO, ING Bank, Rabobank, SNS Bank, ASN Bank, Friesland Bank, Knab, RegioBank, Triodos Bank and Van Lanschot. Together these serve the vast majority of the Dutch online banking market.
How does iDEAL work?
If your personal bank account allows you to use internet banking, you are just a few simple steps away to deposit money into your online casino account. Choose iDEAL from the payment methods, fill in the amount you would like to transfer and select the bank you have an account with. The familiar online banking application form of your own bank will be opened and you get another chance to check the transfer.
If correct you can move on after which your bank will confirm the transaction. If your balance is sufficient and the deposit is confirmed by your bank , which usually happens within a few moments, the amount will be added to your online casino account. If there is one online payment service I can compare iDEAL with it would be PayPal, which could be the perfect alternative for players without a Dutch bank account as well as eWallets like Neteller and Skrill.
It would be too easy for me to tell iDEAL is the most ideal payments service ever invented, but since the service is only available for players with a Dutch bank account, I would give this payments option way too much credit. But I wouldn’t lie if I would say iDEAL is the most ideal payment option for Dutch people.
The system is safe and reliable and besides that this payment system is rather accessible since the participating banks represents nearly 90% of the account holders in the Netherlands. And while iDEAL can be easily used to deposit money into your online casino account, the service is also perfect to pay for goods online.
Besides a simple, fast and secure deposit method, iDEAL is also highly recommended because it’s free of charge for casino players as bank charges made are paid by the casino operator.
Website: www.ideal.nl (also available in English)
Only available for deposits
Type: online banking system
Advantages: Fast, simple, secure and free of charge
Disadvantages: Only available for players holding a Dutch bank account
Alternatives: PayPal, Neteller, Skrill