iDEAL is a dominant local payment method in Netherlands and has existed since 2005

Alternative Payment Method – iDeal

iDEAL processes about 1.5 m transactions a day, which means it is the most used payment method in the Netherlands with more than 50% of the market. With PayFasto you’ll pay a fixed, low fee per every successful transaction and refunds.
Fixed fee: € 0.30

About iDEAL

iDEAL is in the Netherlands not only a local payment method, but it is the most preferred payment method as well. With this payment method you’ll gain access to least 60% of Dutch shoppers as they use it to pay for their online purchases such as shoes, bills etc. It is the most trusted, secure and convenient method to pay online. Consumers enables their purchases directly from the bank they’re with, through the online  product. This will guarantee you as the merchant more successful payments that won’t be reversed by the consumer. iDEAL is a product created by the 10 of the largest Dutch consumer banks and that ensures full coverage. The banks involved are ABN AMRO, ASN Bank, bunq, Handelsbanken, ING, Knab, Rabobank, RegioBank, SNS Bank, Triodos Bank and Van Lanschot Bankiers. Since their start in 2005, over two billion payments has been done through iDEAL with their over 100.000 webshops.

Customer Flow

iDEAL with PayFasto

iDEAL processing details

Markets: Netherlands
Payment Flows: Desktop, Mobile App, QR-Code
Recurring Payments: No
One-click Payments: No

Processing: EUR
Settlement: EUR
Recurring: None

Transaction Information:
Minimum Amount: 0.01 EUR
Maximum Amount: Bank limitations only
Timeout: 1 hours

Features & Risks:
Refunds: Yes
Partial: Yes
Multi Partial: Yes
Over Refund: Yes
Minimum Refund: No
Dynamic Descriptor: Yes
Payment Guarantee: Yes
Chargebacks Risk: No

Benefits to using iDEAL with PayFasto

The most used payment method in Netherlands
A trusted name for Dutch consumers
Payments are guaranteed and immediately confirmed
Protected by 3D-secure technology
A set, low fee of €0.30 for successful transactions