When you place your online sports bets, you always have one goal in mind: to make a profit. But before you can even dream of big sums, you first have to deposit money into your account. After all, you need to have enough gaming credit for your bets. Dutch gamblers like to choose iDEAL as a payment method. Using iDEAL has some great advantages. For example, this payment method is completely secure and the money is in your account immediately after the deposit. And since iDEAL is linked to your bank account, you always know whether there is enough money left for your bets.
The convenience of paying with iDEAL
Nowadays, it’s hard to get by without iDEAL. Even players who urgently need to top up their gaming 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 its 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 is what iDEAL became. Today, all major (and some not so major) banks are connected to iDEAL. So it doesn’t matter if you have an account with ING, SNS Bank or Rabobank: anyone who has a Dutch bank account can pay with iDEAL. When you use iDEAL for your sports betting, you don’t have to search long for the perfect e-wallet or credit card number. You just choose the same payment method that you use for other online purchases. How easy is that?
Do you already choose the payment method at Dutch bookmakers?
Dutch bookmakers such as Toto and Runnerz focus largely on the domestic gambling market, so 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 Gaming 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 immediately know that you have found a safe and legal place for your gambling.
iDEAL: safe, secure and transparent
In daily life, you no doubt pay for many purchases with your debit card. In the online world, many people choose to pay with iDEAL. Whether you’re buying a new coat or shopping online for a new phone, chances are you’ll pay with iDEAL. The fact that this payment method is now so well established means that the Dutch like to choose iDEAL when they land at a bookmaker. Because if you don’t normally use a credit card or e-wallet, it’s quite a step to do so when placing your bets.
With iDEAL you choose a payment method that is familiar, but also secure and transparent. 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 in which you keep the money for your bets. Everything runs through a single account, so you always have an overview.
When it comes to financial matters, security is of course an important element. For example, you want to be sure that the money ends up in the right place. You also need to be able to trust that your personal and financial data will not 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 money into your player account without any problems. Another good thing is that payments via iDEAL do not incur high transaction fees. All the money intended for your online bets 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 bets, it is important that you act as quickly as possible. Of course, it can happen that the balance in your account is not enough to finance your bet. In such moments, there is only one thing to do: deposit money immediately so that you can still place your bet. Insufficient balance simply means that no bet will be made. How bad would it be if you missed out on a nice win because your deposit was not in your account on time? Fortunately, with iDEAL you don’t have to worry about that. The money you deposit using this payment method is 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 that is linked to your account. For every bet you make, the stake is deducted from this online wallet. So it is 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 gambling environment. Because when you pay for a bet via your account, the bookmaker can keep control. This way, it is much easier for the betting offices to check, for example, whether players are actually at least 18 years old.
This extra step does not put an obstacle between you and your bets. In fact, it is very easy to top up your online wallet so that you have enough play money. You only need 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 a payment option and a list of banks will automatically appear.
- Step 4: Select your own bank and you will be redirected directly to the login page.
- Step 5: Enter your bank login details 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 bookmakers.
minimum and maximum amounts
If you want to deposit money with iDEAL, you should first check what the limits are. Bookmakers work with a minimum deposit amount as standard. How high this amount is varies from bookmaker to bookmaker. But there can also be differences in the payment methods. So make sure you find out exactly what the rules are if you want to deposit money via iDEAL for the first time.
In addition to a minimum deposit amount, there is sometimes also a maximum amount. iDEAL offers a big advantage here, because the limit is often much higher with this payment method 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 also choose to withdraw their winnings to their Skrill or Neteller account. At least if the bookmaker offers this option. It works the same way with iDEAL. You pay with iDEAL and the winnings are paid out to your bank account. The money you have won is transferred back to the same account from which your funds came.
The combination of iDEAL and your bank account certainly has an advantage over, for example, an electronic wallet (e-wallet). Because while you can often pay with Skrill or Neteller, it remains to be seen whether you can receive your winnings through the same channels. And this despite the fact that it is always possible for bookmakers to transfer your winnings 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 withdrawn monthly. With iDEAL, every transaction is immediately debited from your account, while with a VISA or MasterCard you have to wait until the end of the month. This can quickly make it difficult to lose track of your finances. Alternatively, you can choose between various online wallets. Skrill and Neteller are very popular, as are payments via PayPal. The big disadvantage of this type of structure is that it adds another step. You have to deposit money into your Skrill, Neteller or PayPal account and from there transfer it back to your player account. So does it make sense to transfer the money to the bookmaker’s account without iDEAL? This is not the most efficient way either. With regular transfers, it takes a few working days for the money to be in your account. iDEAL is much more convenient and faster.