Trustly’s Latest Developments to be a Good Substitute for iDeal

Plastic, digital, and prepaid cards have become the go-to choice for financial transactions worldwide. While some advanced European countries have adopted virtual payment methods, many regions still rely on traditional cards.

Although there are other options available, none are as widely accepted as cards, with the exception of A2A (Account to Account) transfers. These direct bank-to-bank transactions have adapted to local regulations and can be complex for large corporate transfers in some countries.

However, in other nations, banks have simplified A2A transactions due to their numerous benefits. In the Netherlands, for example, iDEAL is a popular payment system used by customers and retailers alike. This system has gained popularity in the eCommerce industry and is also widely used in the iGaming sector. To explore legal online gambling options using iDEAL payments, check out our list of online casinos that accept iDEAL.

Is iDEAL Still the Top Payment Gateway in the Netherlands?

Established in 2005, iDEAL is a leading Dutch payment provider with a record of 20% year-on-year growth in 2019. The system can be accessed through payment links on eCommerce sites or QR codes at physical stores. It is especially popular among mobile users, accounting for over 80% of all iDEAL transactions.

The Rise of Third-Party APIs for A2A Transactions

As technology continues to evolve, third-party APIs are gaining traction in the Netherlands due to their numerous benefits. These include enhanced security measures, faster transactions, and valuable data collection for regulatory bodies. In line with this trend, the Payment Services Directive (PSD2) requires banks to develop APIs that allow third-parties to access customer accounts and initiate payments with their consent. This development has slowly started to overshadow the traditional iDEAL system.

Trustly: The New Player in Dutch eCommerce

Swedish fintech company Trustly is revolutionizing virtual payments one day at a time! With operations in over 29 countries and serving more than 600 million people, Trustly offers a range of financial services including online transactions, travel payments, and iGaming transfers. Their innovative integration with BankID has made them a household name in the online gambling industry as it eliminates lengthy procedures and enables quick fund transfers to casino accounts.

Trustly’s partnerships with major companies like Shopify and PayPal have also boosted its popularity among land-based casinos. As such, Dutch iGamers can look forward to Trustly becoming the preferred payment method at casinos in the near future. However, despite its growing influence, Trustly still lags behind iDEAL’s popularity across traditional industries – at least for now!