iDEAL, the most popular online payment system in the Netherlands, is now being directly processed by SIX. This now provides merchants and Dutch end customers with a complete SIX e-commerce solution.
Alternative means of payment are becoming increasingly popular in Europe. For example, around 60 per cent of e-commerce transactions in the Netherlands today use the iDEAL online payment system. However, the most popular alternative method of payment in the Netherlands has long been relevant across borders as well. The new Collection Service from SIX enables e-commerce merchants with end customers in the Netherlands to accept payments directly via iDEAL. The only requirement is to use the payment gateway Saferpay. SIX collects the payments and transfers them straight to the retailer. The previously obligatory bank account with a Dutch bank is now no longer necessary.
Launch following successful pilot trials
Prior to the introduction of new Collection Service for iDEAL, the new solution was piloted with five selected customers. One of these trials took place at the Eurosonic Noorderslag – a music festival over several days with the most important showcase event for representatives from the European music industry. Not only has SIX developed the payment infrastructure, but it also guarantees to process all common credit cards and debit cards as well as alternative payment methods like iDEAL. Crucial for launching the new Collection Service is the good relationship SIX enjoys with the leading Dutch financial institution ING: it is only possible to offer direct payment processing via iDEAL thanks to the close cooperation with this competent partner.
That is iDEAL
In the Netherlands, iDEAL has grown faster in recent years than the market for e-commerce: in 2017, alternative payment methods achieved a market share of almost 60 per cent. No wonder, web shops in more than 60 countries around the world offer iDEAL as a payment method for their Dutch customers.
14 million customer accounts in the Netherlands
24 million transactions per month
EUR 2 billion sales per month
Around 60% market share in Dutch e-commerce
Prepared for the future
In addition to iDEAL, SIX also processes Alipay, an extremely popular online payment system in China and many other countries throughout Asia. In order to make it as easy as possible for you to open up new business areas, we are currently developing our Collection Service: we will soon be able to offer you direct processing for other alternative payment methods.