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by WeylandYutani 1099 days ago
Dutch banks all got together some 15 years ago to devise the perfect online payment system: iDeal. Pretty much everyone uses it. Checkmate PayPal and Visa card.

But the best secondary effect was that it locks out foreign banks who can't be arsed to set up a local branch and apply for a banking license.

1 comments

Except that it has absolutely no protection after you've paid. You have no recourse with iDeal. The money has been sent.

How often do you read on Dutch forums [1] whether they paid with iDeal? Because if you do, your only recourse is to either sue them (which the Dutch rarely do) or open a dispute with the Thuiswinkel Waarborg [2].

For as long as I bought stuff online in The Netherlands I used a credit card. If they didn't offer it I'd find someone else.

[1] https://tweakers.net (tweaking as in tinkering, not the other kind)

[2] https://nl.wikipedia.org/wiki/Thuiswinkel_Waarborg