Dutch payment system iDeal is set to disappear: here’s why

The European Payments Initiative (EPI) has officially bought iDeal. Now, starting in 2025, iDeal will be called Wero, following the EPI’s goal to create a uniform standard payment across Europe.

The European Payments Initiative (EPI) is a partnership of banks from several European countries. Why are they buying iDeal? Because they want a clean, consistent method of paying across Europe, reports RTL Nieuws.

What is iDeal?

If you’ve ever bought anything online in the Netherlands or been charged the infamous Tikkie, you’ve seen the iDeal logo pop up somewhere.

It’s a huge e-commerce payment system in the Netherlands, meaning it lets you pay for things online without needing your physical bank card.

READ MORE | What is iDEAL? Your guide to the Dutch online payment system 

iDeal is so popular, in fact, that payments made with iDeal in Belgium, France, Germany, and the Netherlands account for more than half of all non-cash payments in countries that use the Euro.

Goodbye iDeal, hello Wero

The EPI essentially wants a consistent payment method for all non-cash payments across the continent. 

That means a new digital wallet (like Apple Pay) and a new Europe-wide payment system.

What’s in it for us? Well, the EPI wants Wero to perform a bunch of different types of services, like monthly subscriptions, paying in instalments, and payment on delivery. That way, everything can be done in one place!

When will the change happen?

For now, iDeal is still going to stick around. The full transition is only expected to happen in 2025, so we still have a full year to say goodbye to the age-old online payment method.

What do you think of this change? Tell us in the comments!

Feature Image:DutchReview
Julia de Oliveira Moritz
Julia de Oliveira Moritz
Júlia was born in Brazil, but she’s been away for more than half her life. At five years old, she moved to Nigeria, and at 14, she came to the Netherlands. She came for her education and stayed for… something. She’s not sure if that something is the vibrant springtime or the live music bars. All she knows is that this is her new home, at least for now.
  1. About the usage of iDeal in several European countries: I live in Belgium since many years, and very strongly doubt if iDeal reaches anything close to half of the private non-cash payments. It might be true in the Netherlands, but do you have any trusted references about usage statistics in the other named countries?

    > iDeal is so popular, in fact, that payments made with iDeal in Belgium, France, Germany, and the Netherlands account for more than half of all non-cash payments in countries that use the Euro.

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