iDEAL is an e-commerce payment system based in the Netherlands that allows customers to pay for their purchases online using their bank account. All major Dutch banks are members of Currence, iDEAL’s payment scheme, making it the most popular online payment method in the Netherlands with an approximate 55% share of online transactions.
While iDEAL is primarily intended for Dutch customers, non-Dutch organizations can also offer iDEAL as a payment method to their customers, as long as the company processes payments in euros. Read more about iDEAL on its website.
Why use iDEAL?
If you have a large number of customers in the Netherlands (who use Dutch banks for online purchases), you can potentially increase your conversion rate due to the popularity of iDEAL as a payment method.
How do I enable iDEAL payments for my company?
To enable iDEAL payments for your company, please contact FareHarbor support.
- Disputes are not possible for iDEAL payments, as they’re essentially bank transfers and the customer has explicitly authenticated and authorized the transfer.
- Refunds are processed as normal. However, be aware that there is a time limit for issuing refunds for iDEAL payments of up to 180 days after the original payment.
- Payouts are handled as normal.