If you are using Stripe as your preferred payment gateway, you then have the option to also accept iDEAL payments, the number one payment method in the Netherlands. Once you have the Stripe Payments Plugin set up on your WordPress website, purchase and download the following premium addon to accept iDEAL payments.
What is iDEAL Payments?
iDEAL was first introduced in 2005 and allows customers of participating banks to complete a direct transfer when making a purchase online. This payment method is commonly used in the Netherlands and in fact, accounts for over 50% of online Dutch transactions.
If you notice a large percentage of your customer base resides within the Netherlands, it makes sense to add the option for them to pay with iDEAL when checking out on your website. Adding your customer base’s preferred payment method may also lead to an increase in revenue.
iDEAL Payment Process
When you have set up the iDEAL addon on your website, you can expect your customers to complete the following payment flow:
- The customer lands on your website and clicks on your Stripe Payments Product ‘Buy Now’ button.
- They will see a checkbox to pay with iDEAL.
- The customer is redirected to their bank’s login page. They will then enter their account number and sign the transaction digitally using a 2FA token.
- The bank authorizes the transaction and deducts the amount directly from the consumer’s account. This is then processed through Stripe.
- The customer is then directed to the successful payment page.
Setting Up the iDeal Addon
Once you have installed and activated the iDEAL addon (available for purchase towards the bottom of this page), an additional tab will appear in the Stripe Payments Settings menu. This tab will be titled iDEAL.
- Click on the Stripe Payments Settings menu.
- Click on the iDEAL tab.
- To enable the iDEAL payment method on your site, mark the appropriate checkbox.
- Ensure you Save Changes.
- Enable the iDEAL payment option in your Stripe dashboard (Settings> Payment Methods> iDEAL).
- The option should now show up to your European customers when they click the ‘Buy Now’ button (displayed below).
Considerations when using the iDeal Addon
- This addon works with the latest SCA Stripe API. This addon will not work with the legacy API enabled.
- The Stripe merchant must hold their account in Europe or the United States for iDeal to be available to potential customers.
- Recurring subscription plans are not supported by iDEAL.
- Prices of items must be in Euros (EUR).
Note: This addon works for one-time payments only (it doesn’t work with subscriptions)
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