If you work with clients based in the Netherlands, you'll likely encounter iDEAL payment. It's the standard online payment method in the country.
What is iDEAL payment?
iDEAL is an online payment system used primarily in the Netherlands. It allows customers to pay directly from their own bank account in real-time. It's not a digital wallet or card system. Instead, it acts as a bridge between an online checkout and the payer's bank.
Why is this important?
For freelancers, it's crucial because Dutch clients strongly prefer using iDEAL. If you invoice a client there, they may expect this option. Not offering it could delay payment or even lose you the job. Understanding it helps you facilitate smoother transactions.
How does it work?
As a freelancer, you typically don't receive money directly into iDEAL. You use a payment processor on your website or invoice that offers iDEAL. Your client selects iDEAL at checkout, chooses their bank, and logs into their online banking to approve the payment. The funds are then sent to your processor's account.
Pros and cons
Key advantages include instant payment confirmation and high trust from Dutch payers. The main drawbacks are its geographic limitation to the Netherlands and the need for you to integrate a supporting payment service. Transaction fees may also apply through your chosen processor.
Conclusion
iDEAL is essential for freelancers targeting the Dutch market. To accept it, ensure your invoicing or payment platform supports it. While region-specific, it streamlines getting paid from one of Europe's key freelance markets.
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