The standard method of transferring money online in the Netherlands continues to gain in popularity there.
Alternative payment processor www.2000charge.com has announced a 100% increase in transactions originating in the Netherlands using the popular iDEAL interbank method during 2011.
iDEAL was launched in 2005 by the Dutch Banks an alternative payment system that lets online shoppers from the Netherlands authorize online payments from their current account through their bank’s online banking site.
“This online payment mechanism has been popular with Dutch consumers since its launch and has become the standard way for them to transact online. It’s an instant efficient payment method with no risk of chargebacks,” commented Wolf Kring, CEO of 2000Charge who offer iDEAL as part of their growing portfolio of Billing Solutions. “Some of our North American merchants are reporting strong sales from the Netherlands via a payment method they did not even know existed.”
iDEAL is available to consumers who are online banking customers of ABN AMRO, ASN Bank, Friesland Bank, ING, Rabobank, RegioBank, SNS Bank, Triodos Bank or Van Lanschot Bankiers. Consumers who already have online banking can start using iDEAL right away, and merchants that use 2000Charge can start offering it.
A record total of 8,864,549 transactions were made using iDEAL last month, making it the most popular online payment method in the Netherlands.