iDEAL key facts
Last updated- Legal entity
- Currence iDEAL B.V.
- Headquarters
- Netherlands (NL)
- Ownership
- Part of European Payments Initiative (EPI)
- Founded
- 2005
- Data hosting
- EU (any EU region)
- Deployment
- SaaS
- Open source
- No
- US Cloud Act exposure
- Low (no US parent)
- Replaces
- PayPal, Apple Pay, Google Pay
About iDEAL
iDEAL is a standard payment method in the Netherlands that facilitates direct, real-time transfers between bank accounts. It allows consumers to complete online transactions using the secure interface of their own bank's mobile app or web portal, ensuring irrevocable transfers to the beneficiary's IBAN. Following its acquisition by the European Payments Initiative (EPI), iDEAL is being integrated with the Wero digital wallet. The service supports various transaction types including webshop checkouts, payment links via SMS or email, and QR code payments, while maintaining compliance with European banking and privacy standards.
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