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Acquirer

An acquirer is a business bank with which a merchant or CPSP can enter into an agreement to receive iDEAL payments.

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Clearing and settlement

This is an activity rather than a role. It is included in the model to make it easier to understand. Clearing takes place according to bilateral agreements between Licence-holders and is the basis for the settlement of cpsp-or-collecting-payment-service-provider.

For the processing of payments (clearing and settlement) between an Issuer and an Acquirer, the Institutions concerned reach agreements with each other.

Consumer

In the context of iDEAL, consumers are the individuals who use iDEAL to pay for a merchant’s product or
service online.

CPSP or Collecting Payment Service Provider

A CPSP is a payment service provider that offers iDEAL payment solutions to merchants. A CPSP is an intermediary between an acquirer and a merchant. It may provide merchants with ready to use online checkout systems for iDEAL payments.

Currence iDEAL B.V.

Currence iDEAL B.V. is the owner and trademark holder for the iDEAL payment method.

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e-wallet provider

An e-wallet provider is a company that manages electronic wallets for consumers (payers). Payers can top up their e-wallet using various products, including iDEAL.

Payers always retain access to the balance on their account. The balance in the e-wallet is their property, comparable with a positive balance on a bank account. Payers can use the e-wallet to buy products or services on the internet. The payment to the merchant therefore takes place in two successive transactions with separate authorisations: at the first step payers top up their e-wallet, at the second step he pays the merchant from his e-wallet.

In all other cases where the right of access to the balance is transferred to the e-wallet provider, the e-wallet provider should be designated as an iDEAL CPSP. For this, special conditions apply.

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Issuer

An issuer is a consumer bank that enables its account holders (consumers) to pay with iDEAL through online banking.

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Merchant

A merchant is a retailer, business or organisation that receives iDEAL payments from consumers.

Merchant

A merchant is a retailer, business or organisation that receives iDEAL payments from consumers.

Merchant Integration Guide

This document describes the technical specifications for integrating iDEAL into your online checkout system. Your bank or PSP can assist you with this. When you have agreed an iDEAL contract, your bank or PSP will issue you with the Merchant Integration Guide.

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Payment Service Provider or PSP

This is an institution that holds:

(a) a licence as a bank, insofar as this licence authorises it to provide payment services within the meaning of the Wft; or

(b) a licence as a payment institution or to which an exemption has been granted under Article 2:3b, 2:3d and 2:3e of the Wft; or

(c) a licence as an e-money institution or to which an exemption has been granted under Article 2:10b, 2:10d en 2:10e of the Wft.

The above-mentioned institutions must be registered as such in the licence register of De Nederlandsche Bank (DNB).