Open Banking · Europe · Available
Open Banking (EU, PIS) in the Netherlands
Open Banking (EU, PIS) is one of the payment methods in the Netherlands. Payments are made in EUR; the method supports pay-in, refund; settlement: instant; chargebacks: not possible. The payments regulator in the Netherlands is De Nederlandsche Bank (DNB). Providers for Open Banking (EU, PIS) in the Netherlands in the Tranzify catalogue: TrueLayer, Volt, Yapily.
Key facts
- Currency
- EUR (Euro)
- Operations
- Pay-in · Refund
- Settlement
- instant
- Chargebacks
- not possible
- Payments regulator
- De Nederlandsche Bank (DNB)
Providers for Open Banking (EU, PIS) in the Netherlands
How a payment goes through
- 1The payer picks their bank on the checkout
- 2They approve the exact amount in the bank's app
- 3The licensed provider initiates the transfer over the instant rail
- 4Settlement in seconds; webhook to the merchant; no chargebacks
Other payment methods in the Netherlands
| Type | Payment methods | share of e-commerce payments |
|---|---|---|
| Open Banking | iDEAL | 70 % |
| Cards | Visa | — |
| Cards | Mastercard | — |
| Bank transfers & instant payments | SEPA Instant | — |
| Wallets | Apple Pay | — |
| Wallets | Google Pay | — |
| Wallets | PayPal | — |
| Buy now, pay later | Klarna | — |
Open Banking (EU, PIS) in other countries
Frequently asked questions
Which providers offer Open Banking (EU, PIS) in the Netherlands?+
In the Tranzify catalogue Open Banking (EU, PIS) in the Netherlands is offered by TrueLayer, Volt, Yapily. A client connects its own account with the provider as a terminal; routing and cascading between several providers are set up in the back office.
How widely is Open Banking (EU, PIS) used in the Netherlands?+
The catalogue has no published market share for Open Banking (EU, PIS) in the Netherlands; the method is listed among the country's payment methods.
Which operations does Open Banking (EU, PIS) support in the Netherlands?+
Open Banking (EU, PIS) supports pay-in, refund. Settlement is instant and chargebacks are not possible; the amounts are in EUR.
Who holds the licence for Open Banking (EU, PIS) in the Netherlands?+
Tranzify is software. The licensed client, a payment institution, an acquirer or its partner, contracts with the providers and the merchants; the platform routes the payments, records them in the journal and reports them. The payments regulator in the Netherlands is De Nederlandsche Bank (DNB).
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