» Casino Payment Methods » iDeal – Formerly Known as Pay Spark

iDeal – Formerly Known as Pay Spark

iDeal is a an online payment system that allows you to make payments to a wide range of online merchants and to transfer funds into bank accounts. The service was established in 2005, with headquarters located in the Netherlands.

iDeal was formed with the forging of an agreement between eight major banking institutions in the Netherlands. It is owned and managed by Dutch firm Currence.

Originally available only to Dutch customers, iDeal has since offered its services to customers from around the world. It has proven to be a feasible method for making payment to online casinos, offering the benefit of safe and anonymous transactions backed by banking industry standard security measures.

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How Does iDeal Work?

iDeal is an e-commerce payment system that is offered as part of the online banking services of affiliated banks. Customers deal directly with their own banks with every transaction, with the option to send money via iDeal provided with supported banks.

There are a number of benefits to this system. For one thing, players have the security of knowing that they will be dealing with their bank only. All responsibility for maintaining security and privacy therefore falls on the bank, which naturally has industry-standard security measures in place.

iDeal users also have the advantage of quick, convenient, and seamless transactions, with no need to open an e-wallet account or provide their information to any other payment service. With iDeal, customers have the flexibility to perform most any electronic fund transfer transaction that they would with their own banks.

Making payments with iDeal
Making payments with iDeal.

iDeal Facts

Type

E-Payment System

Deposits

Yes

Withdrawals

No

Deposit Fees

€0.29 per transaction

Withdrawal Fees

Not Applicable

Headquarters

Netherlands

How to Create an iDeal Account

Because it is offered as part of your own bank’s electronic banking service, there is no iDeal account to speak of, and therefore, no need to open one. The only requirements to using iDeal are that the customer has to have an account with an iDeal affiliated bank and sufficient funds in the account to perform the requested transaction. The use of iDeal does not require any verification procedure either.

Funding Your iDeal Account / Making A Transfer to A Casino Account

When making any transaction via iDeal, funds are drawn directly from your bank account. The system therefore does away with the need to prefund an e-wallet account before making a deposit into an online casino account.

The process of making a deposit into an online casino account is as simple as making a bank transfer.

  1. Go to the casino’s “deposits” page.
  2. Select “iDeal” as the deposit method. You will then be directed to the online banking page of your bank.
  3. Enter the necessary details.
  4. Specify the amount you wish to deposit and the currency.
  5. Confirm the transaction.

If the receiving account is with a bank affiliated with the iDeal payment system, the funds that you transfer should be available for use immediately. For other banks, you may have to wait for up to 48 hours before the funds appear in your online casino account.

Making a Withdrawal From iDeal

Unfortunately, iDeal cannot be used in order to withdraw funds from an online casino account. For this reason, it is a good idea to check with the casino beforehand whether or not you can withdraw any winnings and bonuses via another method.

Security and Privacy of Your Personal Information

Because it is part of your bank’s online banking service, all transactions performed via the iDeal payment system are totally safe and secure because you essentially dealing with your own bank. With iDeal, your account number or any other personal information is never accessible to any third party.

Furthermore, the iDeal payment process utilizes a two-factor authentication code, which serves as your digital signature and provides an added measure of security.

Fee Summary

iDeal charges a €0.29 fee for every payment or deposit transaction. This amount will be drawn from your bank account along with the full amount that you pay an online merchant or deposit into an online casino account.

Customer Service

Because iDeal is tied in with your bank’s electronic banking service, any customer concerns should be directed to your own bank’s customer service team. That being said, iDeal does provide an online contact form that you can use if you have any questions regarding the payment service.