A warm welcome Ideal account users, Do you Want to know the name of an online payment system that is solely based on internet banking? IDEAL is the answer for that question
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This is a The Netherlands based company and owned by the Dutch Organization Currence. IDEAL is a real-time payment system for the merchants, which is virtually a risk free option for them and low cost as well. IDEAL was launched in 2005. This system allows the customers to buy securely online and make payment directly from their bank account. In 2006 iDEAL processed 4.5 million transfers, 15 millions in 2007, 2008 saw a transfer of 28 million and 2009 recorded transfer of 45.5 million. The popularity of IDEAL is steadily on the rise as more and more people are opting for the convenience of home banking. This system is very much popular and widely used among Dutch online banking customers. Online gamblers don’t have any use for the IDEAL system. IDEAL connects the customers with the direct home banking bank, unlike that of the traditional online payment system that uses temporary applet on the computer. There is no chargeback to be offered by the iDEAL system. This can be considered as the disadvantage for the customers, but for merchants it’s a great advantage.