In your online sports betting, you always keep that one goal in mind: to make a profit. But before you can even begin to dream about large sums of money, you must first deposit money into your account. After all, you need sufficient playing balance for your bets. Dutch gamblers like to choose iDEAL as their payment method. There are some great advantages to using iDEAL. For example, this payment method is completely safe and immediately after the deposit the money is already in your account. And because iDEAL is linked to your bank account, you always know if there is enough money left to spend on your bets.
The convenience of paying via iDEAL
Nowadays we can hardly do without iDEAL. Even gamblers who urgently need to top up their playing balance at the bookmaker like to choose this popular payment method. Despite the fact that iDEAL has become a thing of the past, it has only existed since 2005. Before then, there were many different online payment systems to choose from. Rabobank had its own system, as did ABN Amro and even KPN. With the rapid increase in the number of online payments, there was a great need for one national system. That became iDEAL. Nowadays, all major (and some not so major) banks are affiliated with iDEAL. So it does not matter whether you have an account at ING, SNS Bank or Rabobank: everyone with a Dutch bank account can pay via iDEAL. If you use iDEAL for your sports betting, you don’t have to rush to find the perfect e-wallet or credit card number. You just choose the same payment method you use to pay for other online purchases. How easy is that?
Are you already choosing the payment method at Dutch bookmakers?
Dutch bookmakers like Toto and Runnerz focus largely on the domestic gambling market. It is therefore logical that they include the popular iDEAL as standard in their list of payment methods. However, there are rules for offering iDEAL as a payment option. For example, bookmakers must hold a license from the Dutch Gaming Commission. Only then do they have the right to offer iDEAL as a payment method. So as soon as you come across a bookmaker that accepts payments via 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 via iDEAL. Whether you are buying a new coat or looking for a new phone online: the chances are good that you will pay via iDEAL. The fact that this payment method is now so well established ensures that Dutch people like to choose iDEAL when they end up at a bookmaker. Because if you normally do not use a credit card or e-wallet, then it is quite a step to do so with your bets.
With iDEAL you choose a familiar, but also a safe 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 comes from one account so you always keep an overview.
Of course, when it comes to financial matters, security is also an important element. For example, you want to be sure that the money ends up in the right place. In addition, you need to be confident 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 start depositing money into your player account without any problems. Also nice: there are no high transaction fees involved in payments via iDEAL. All the money intended for your online betting actually ends up in your player account.
Deposit money and start betting immediately
Bets come and go. But once you see an interesting bet online, you still want to be able to take action quickly. Especially with live betting, it’s important that you act as quickly as possible. Of course, it can happen that there is not enough balance in your account to fund your bet. At such times only one thing goes through your mind: deposit money immediately so you can still pass on your bet. Insufficient balance simply means there will be no bet. How bad would it be if you miss out on a nice win because your deposit is not in your account on time? Fortunately, with iDEAL you never have to worry about this. The money you deposit using this payment method is added to your player account immediately. Before you know it, the deposited amount has arrived and you are ready to place your (live) bet.
How to deposit money via iDEAL
Bookmakers all work with an online wallet, which is linked to your account. For each bet you make, the stake comes from that online wallet. So it is not possible to pay for your online bets directly from your bank account. That intermediate step is necessary to provide players with a safe and responsible gambling environment. Because by paying for a bet through your account, the bookmaker can maintain control. This way, for example, it is much easier for the betting shops to verify that players are indeed 18 years of age or older.
This extra step does not create any barrier between you and your betting. In fact, it is very easy to top up your online wallet so that you have enough play money. You only need to go through 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 gamble again for a while.
- Step 3: choose iDEAL as your payment option and a list of banks will appear automatically.
- Step 4: select your own bank and you will be redirected directly to the login page.
- Step 5: enter your login details at the bank and follow the steps to confirm the payment. If you have enough money in your account, the bank will approve the payment immediately. That quick approval ensures that you won’t experience any delays when using iDEAL at the bookmakers.
Minimum and maximum limits
When you want to deposit money via iDEAL, it is wise to first check how high the limits are. Bookmakers by default work with a minimum deposit amount. How high that amount is differs per bookie. But there can also be differences per payment method. So check carefully what the rules are if you are going to deposit money via iDEAL for the first time.
In addition to a minimum deposit amount, there is sometimes a maximum. Thereby, iDEAL provides a big advantage, because the limit is often a lot higher with this payment method than with e-wallets such as Skrill, Neteller and PayPal. Those who like to gamble with large amounts, therefore, quickly end up with iDEAL.
Depositing via iDEAL … but what about the payout?
Deposits and payouts are often linked. Gamblers who pay their bets via e-wallet usually also choose to have the winnings paid out to their Skrill or Neteller account. At least, if the bookmaker offers that option. In fact, it works the same way with iDEAL. You pay via iDEAL, and the winnings are paid out to your bank account. The money you win goes back into the same account as where your balance came from.
The combination of iDEAL and your bank account certainly has an advantage over an e-wallet, for example. 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 that while with the bookmakers it is always possible to have your winnings transferred to your bank account.
These are the alternatives when depositing money
Dutch gamblers often automatically choose iDEAL. However, you can only choose iDEAL with conviction if you know which other payment methods are available.
It varies per bookmaker exactly how many and what 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 collected monthly. With iDEAL, you see each transaction come out of your account immediately, while with a VISA or MasterCard you have to wait until the end of the month. As a result, you can quickly lose the financial overview. Alternatively, there are several online wallets to choose from. 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 have to deposit money into your Skrill, Neteller or PayPal account, and from there you deposit money back into your player account. So does it make sense to transfer the money to the bookmaker’s account without iDEAL? That’s not the most efficient route either. With regular transfers, it takes a few business days before the money is in your account. iDEAL is much more convenient and faster.