As mentioned, iDEAL was created by 2005 by a team of people wanting to make online payments easier in for the Dutch. It offers a secure and user-friendly way of making payments at online casinos directly from bank accounts but without the need to share any banking information with the casino. There is no need to fund an iDEAL account as one would an e-wallet. Rather, the funds go directly from a bank account to a casino account.
The service has been steadily growing in popularity since it first became available. In 2006 it processed 4.5 million transactions and this number had grown to a massive 655 million by 2019. iDEAL can be used by customers of several different Dutch banks including ABN AMRO, bunq, Friesland Bank, ING Bank, Knab, Rabobank, Revolut, Triodos Bank, Van Lanschot and De Volksbank. As such, it is available to the vast majority of people in the Netherlands.
How to Make a Deposit
The team at iDEAL have worked hard so that funding a casino account using the service is as straightforward as possible.
To make a deposit you simply need to follow these steps:
- Step 1: Click on the Cashier button.
- Step 2: Click on the Deposit button.
- Step 3: Select iDEAL as your payment method.
- Step 4: You will now be redirected to iDEAL.
- Step 5: Select your bank and login to your online banking.
- Step 6: Confirm your deposit.
- Step 7: Return to Spin Rio and start playing.
At no point will you be required to create an iDEAL account or to provide Spin Rio with your banking details. As such, it is a very quick and smooth process.
How to Withdraw
Unfortunately, it is not possible to withdraw using iDEAL. However, there are plenty of other options, such as credit and debit cards, and e-wallets.
Pros and Cons of iDEAL
There are two big disadvantages to iDEAL. The first is that it is only available to customers of particular Dutch banks, which means that most people can’t use it. The second is that it cannot be used for withdrawals.
However, this doesn’t mean that there aren’t several advantages. Assuming you have an account with one of the supported banks, you will find that iDEAL make deposits very easy from both desktop and mobile devices. The process is user friendly, there is no need to waste time creating accounts, and the payments are instant.
Furthermore, the process is extremely secure. Not only does iDEAL make use of two factor authentication, but as you are logging in to your online bank account, you will be protected by all the security measures your bank has in place.
For these reasons, iDEAL is also a good choice for those concerned about privacy. At no point will any of your banking information be shared with the online casinos, and if it is not shared, then there is no possibility of it being stolen.
iDEAL has also introduced a few features that can make life easier for players. For instance, the iDEAL QR feature allows you to make payments with iDEAL simply by scanning a QR code, which can make things even faster.
Safety and Security
There truly is no need to worry about the safety of your money and private information when paying with iDEAL. As it works with major banks, they are held to the same high standards in regards to security. This means that your transactions are just as safe as when you make a payment through online banking. Billions of transactions have now been carried out using iDEAL and there have been no security issues to date. The services use of 2-factor authentication makes every transaction safe. For example, if someone were to attempt to use your account, they would be unable to complete the transaction unless they also had access to your smartphone.
There is no doubt that iDEAL is an excellent service. However, it certainly has its limits. If you do not have an account with one of the supported banks then it is unavailable to you. Furthermore, you will have to choose another payment method for withdrawals. Nonetheless, if you do have an account at a supported bank, then it is a fantastic way of funding your Spin Rio account.