Online payment methods are used in web shops and for all kinds of services, by (semi-)government agencies and for online banking. Consumers have more and more choice, which makes things easier to use but also more complex. Below is an overview of the most commonly used online payment methods, their applications and trends in use.<\/p>\n\n\n\n
iDEAL<\/a><\/strong> Credit cards<\/a> (Visa, Mastercard, American Express)<\/strong> Debit cards<\/a> (Visa Debit, Debit Mastercard)<\/strong> But Now, Pay Later<\/a> (Klarna, Riverty, Billink, etc.)<\/strong>
With an online market share of around 70%, iDEAL remains the most widely used online payment method in the Netherlands. Consumers appreciate the direct link to their bank and the familiar payment process. iDEAL is becoming Wero, which will make it available to consumers and (online) businesses in other eurozone countries.<\/p>\n\n\n\n
Credit cards are widely used for booking travel and rental cars and for online purchases from foreign web shops. Their online market share is stable at around 14%. With the introduction of Click to Pay, online payments with these cards will become easier and faster.<\/p>\n\n\n\n
You can also pay online with the new debit cards from the Debit Mastercard and Visa Debit card schemes. This works in the same way as a credit card, except that the amount is debited from your payments account immediately, rather than at the end of the month. As more bank customers receive a new debit card, online payments will become more common.<\/p>\n\n\n\n
The use of BNPL is growing rapidly, especially among young people. BNPL offers security for purchases that have yet to be delivered, but can also lead to (excessive) debt accumulation. New legislation is intended to counteract this.<\/p>\n\n\n\n