Pay by Bank: The Dutch iDEAL alternative
iDEAL is migrating to Wero. Before you accept percentage-based fees and chargebacks as the default, there is a better option. Pay by Bank runs on the same rails Dutch shoppers already trust: flat fee, no chargebacks, full merchant control.
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What the Wero | iDEAL migration means for Dutch merchants
Costs that grow with your revenue
PSPs are already quoting Wero at 0.5–2.5% per transaction. iDEAL costs between €0.06 and €0.35 flat. That shift from a fixed fee to a percentage of every sale means your payment costs grow every time your business does.
Chargebacks, overnight
Under Wero, Dutch online transactions are 100% disputable. That's new ground for bank payments, even for merchants who already manage card chargebacks.
A scheme model you can't negotiate
Wero is scheme-led. EPI sets pricing centrally and routes refunds through the scheme rather than your own operations. As Wero consolidates in the Dutch market, your commercial leverage shrinks with it.
Pay by Bank is built around merchants, not schemes
Pay by Bank runs on SEPA Instant rails, the same infrastructure that powers iDEAL today. Consumers see familiar bank logos at checkout, authenticate in their own banking app, and pay instantly. You get a flat per-transaction fee, no chargebacks, full control over refunds and reconciliation, and direct, instant settlement.
The iDEAL brand is retiring. The bank-transfer experience Dutch consumers have used for years is not.
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What you get with Pay by Bank
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Transparent costs, whatever the value
A flat per-transaction fee means your cost of payments doesn't grow as your business does. No ad valorem model, no scheme-led increases.
No chargebacks, by design
Pay by Bank means no chargebacks. Payments are bank-authorised and you manage disputes directly with customers. No scheme intermediary, no dispute fees, no reserves required.
Instant settlement, full refund control
Pay by Bank settles in real time via SEPA Instant. You initiate refunds directly, with full visibility and no dependency on third-party routing.
Proven results you can count on while Wero is still finding its feet
Dutch consumers are attached to paying through their bank, not to the iDEAL brand specifically. Pay by Bank puts those familiar bank logos front and centre at checkout, so customers recognise exactly what they are doing. Over 90% of Pay by Bank users return for their next transaction.
Pay by Bank vs Wero at a glance
| Pay by Bank | Wero | |
|---|---|---|
| Pricing | Flat per-transaction fee | % interchange; PSPs quoting 0.5-2.5% + fixed fee |
| Chargebacks | None | 100% of transactions disputable |
| Refunds | Merchant-initiated, end-to-end, instant | Routed through scheme |
| Settlement | Instant, SEPA Instant | Instant, SEPA Instant |
| Merchant | Full visibility and control | Tokenised flow; shceme-intermediated |
Sources: TrueLayer merchant interviews (April–May 2026); Dutch Payments Association iDEAL volumes (2024); EPI/Wero pricing communications via Dutch PSPs.
The checkout experience your customers already know
Pay by Bank uses the same bank logos, the same banking app, and the same one-tap authentication Dutch consumers have used with iDEAL for 20 years. For your customers, the switch is barely noticeable. For your business, the difference in cost, control and risk exposure is significant.
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Our European growth in numbers
FAQs
Everything you need to know about Pay by Bank
Pay by Bank lets customers pay directly from their bank account via their banking app, without card networks or scheme intermediaries. It runs on SEPA Instant rails, the same infrastructure that powers iDEAL today.
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How do you maximise adoption of Pay by Bank?
Recurring payments
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Pay by Bank in action: how to build a high-performing Pay by Bank checkout experience
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