iDEAL is a payment gateway specially created for a collection of agreements and standards for online transfer from the buyer's bank account to the online shop or organization bank account. This e-commerce payment system is used in Netherlands and is based on online banking. This payment method allows customers to make internet purchases using online transfers.
iDEAL uses the same environment as customers online banking sites. The system is completely secured by using a two factor authentication or 2FA also, no private information is shared with the merchant such as credit card numbers etc.
Currence is the owner of the iDeal trademark and is defining and managing the requirements for the various things and activities of the participants on the iDeal payment system.
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