What is it?
A consortium of all the major Dutch banks developed the iDEAL payment method to make it easier for their customers to pay online for products and services. iDEAL allows online payments to be made using online banking through the consumer’s own bank. iDEAL transactions are swift, reliable and efficient.
iDEAL is available to all consumers who are online banking customers of ABN AMRO, Fortis, Postbank, Rabobank or SNS Bank. Consumers who already have online banking can start using iDEAL right away, as they do not have register separately for the service.
How does it work?
Transactions are performed by the consumer within their own banking environment and takes only a few simple steps. Upon purchase, the funds are instantly debited from the consumer's bank account. iDEAL will increase your sales as it allows consumers to make online purchases in a familiar, secure and simple way.
This payment method is “ideal” for merchants because payments made using iDEAL cannot be reversed. As part of the payment process, the consumer is specifically requested to authorize the payment. The payment cannot be cancelled once they have clicked the payment button.
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