With your online sports betting, you always have one goal in mind: to make a profit. But before you can even dream of large sums of money, you must first deposit money into your account. Finally, you need sufficient game credits for your bets. Dutch gamblers like to choose iDEAL as their payment method. Using iDEAL has some great advantages. For example, this payment method is absolutely safe and immediately after the deposit, the money is already in your account. And since iDEAL is linked to your bank account, you always know if there is enough money left for your bets.
The convenience of paying with iDEAL
Nowadays you can hardly do without iDEAL. Even players who urgently need to top up their game balance at the bookmaker like to choose this popular payment method. Although iDEAL is now a thing of the past, this payment method has only been around since 2005. Before that, there were many different online payment systems to choose from. Rabobank had their own system, as did ABN Amro and even KPN. As the number of online payments grew rapidly, the need for a single national system was great. This became iDEAL. Nowadays all big (and some not so big) banks are connected to iDEAL. So it doesn’t matter whether you have an account with ING, SNS Bank or Rabobank: anyone with a Dutch bank account can pay with iDEAL. If you use iDEAL for your sports betting, you don’t have to look far for the perfect e-wallet or credit card number. You simply choose the same payment method you use for other online purchases. How easy is that?
Are you already choosing the payment method at Dutch bookmakers?
Dutch bookmakers like Toto and Runnerz largely focus on the domestic gambling market. Therefore, it is logical that they include the popular iDEAL in their list of payment methods by default. However, there are rules for offering iDEAL as a payment option. For example, bookmakers must have a license from the Dutch Gambling Commission. Only then are they entitled to offer iDEAL as a payment method. So as soon as you come across a bookmaker that accepts payments with iDEAL, you know immediately that you have found a safe and legal place to gamble.
iDEAL: safe, secure and transparent
In everyday life you undoubtedly pay for many purchases with your debit card. In the online world, many people choose to pay with iDEAL. Whether you’re shopping for a new coat or looking for a new phone online, chances are you’re paying with iDEAL. The fact that this payment method is now so well established means that Dutch people are happy to choose iDEAL when they land at a bookmaker. Because if you don’t usually use a credit card or e-wallet, it’s quite a step to do so with your bets.
With iDEAL you choose a familiar, but also secure and transparent payment method. iDEAL is linked to your bank account. After an online payment you can immediately see how much money you have left in your account. No hassle with separate e-wallets where you keep the money for your bets. Everything runs through a single account, so you always have an overview.
Of course, when it comes to financial matters, security is also an important element. For example, they want to be sure that the money ends up in the right place. You also need to be confident that your personal and financial information won’t fall into the wrong hands. iDEAL has become the most popular online payment method in the Netherlands for good reason. It is completely safe and you can deposit funds into your player account without any problems. Also gratifying: There are no high transaction fees for payments via iDEAL. All money destined for your online betting actually ends up in your player account.
Deposit money and start betting immediately
Bets come and go. But when you see an interesting bet online, you still want to be able to act quickly. Especially with live betting, it is important that you act as quickly as possible. Of course it can happen that the balance on your account is not sufficient to finance your bet. In such moments there is only one thing: deposit money immediately so that you can still place your bet. Insufficient balance simply means no wager will go through. How bad would it be if you missed out on a nice win because your deposit didn’t reach your account on time? Luckily, with iDEAL you don’t have to worry about that. The money you deposit using this payment method will be credited to your player account immediately. Before you know it, the deposited amount has arrived and you can place your (live) bet.
How to deposit money via iDEAL
All bookmakers work with an online wallet connected to your account. With every bet you make, the stake is deducted from this online wallet. It is therefore not possible to pay for your online bets directly from your bank account. This intermediate step is necessary to provide players with a safe and responsible gaming environment. Because if you pay a bet through your account, the bookmaker can keep control. This way it is much easier for the betting shops to check if the players are in fact at least 18 years old, for example.
This extra step puts no obstacle between you and your bets. It is even very easy to top up your online wallet so that you have enough play money. You only have to follow a few steps to make your deposits via iDEAL successful:
- Step 1: Log in to the bookmaker and go to the payment page.
- Step 2: Decide how much money you need to be able to play again for a while.
- Step 3: Select iDEAL as the payment option and a list of banks will appear automatically.
- Step 4: Select your own bank and you will be taken directly to the login page.
- Step 5: Enter your bank credentials and follow the steps to confirm the payment. If you have enough funds in your account, the bank will approve the payment immediately. This quick approval ensures that you will not experience any delays when using iDEAL with the bookmakers.
Minimum and Maximum Amounts
If you want to deposit money with iDEAL, you should first check what the limits are. The bookmakers work with a minimum deposit amount by default. How high this amount is varies from bookmaker to bookmaker. But there can also be differences in the payment methods. So make sure you know the rules carefully if you want to deposit money via iDEAL for the first time.
In addition to a minimum deposit amount, there is sometimes a maximum amount as well. iDEAL offers a great advantage here, because the limit with this payment method is often much higher than with e-wallets such as Skrill, Neteller and PayPal. Anyone who likes to gamble with large amounts will quickly end up with iDEAL.
Deposit with iDEAL… but what about withdrawal?
Deposits and withdrawals are often linked. Players who deposit their bets via e-wallet usually choose to withdraw winnings to their Skrill or Neteller account as well. At least if the bookmaker offers this option. Incidentally, it works the same way with iDEAL. You pay with iDEAL and the winnings are paid into your bank account. The money you have won will be returned to the same account that your funds came from.
The combination of iDEAL and your bank account certainly has an advantage over, for example, an electronic purse (e-wallet). Because while you can often pay with Skrill or Neteller, it remains to be seen if you can receive your winnings through the same channels. And that, although it is always possible with bookmakers to have the winnings transferred to your own bank account.
These are the alternatives when depositing money
Dutch gamblers often choose iDEAL automatically. However, you can only choose iDEAL with confidence if you know what other payment methods are available.
It varies from bookmaker to bookmaker how many and which options are available. But there is one payment method that is actually always accepted: the credit card. The disadvantage of a credit card is that the money is debited monthly. With iDEAL, every transaction is debited from your account immediately, while with a VISA or MasterCard you have to wait until the end of the month. You can quickly lose the financial overview. Alternatively, you can choose between different online wallets. Skrill and Neteller are very popular, as are payments through PayPal. The big disadvantage of this type of structure is that it adds another step. You need to fund your Skrill, Neteller or PayPal account and transfer it back to your player account from there. So does it make sense to transfer the money to the bookmaker’s account without iDEAL? This is also not the most efficient way. With regular transfers, it takes a few business days for the money to be in your account. iDEAL is much more convenient and faster.