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iDEAL is the most used payment method in the Netherlands, holding a 70% market share in the country with more than 50 million purchases per month. It lets consumers pay online through their mobile banking app or online bank account. If you want to reach Dutch consumers, accepting iDEAL payments is vital.
96% of all Dutch online shoppers used iDEAL in the first half of 2021. This bank to bank transfer method is supported by all major Dutch consumer banks, its settlement times are faster, and there are no chargebacks.
iDEAL redirects shoppers to their online banking environment to confirm a payment using a second factor of authentication. Notification about the success or failure of a payment is immediate, but the exact customer experience depends on their bank.
Adding iDEAL to your business is effortless. All you have to do is sign up for MONEI. Once you’ve been approved, contact support to configure this payment method in your store.