AfterPay Casinos Netherlands

About AfterPay

Originating in Australia in 2014, Afterpay is one of the most well-known (Buy Now Pay Later (BNPL) services. More than 25 million people use it.

In 2022, the payment method was rebranded to Riverty in the Netherlands. This also commenced a merger between AfterPay and Arvato Financial Solutions. Riverty is available in Germany, Austria, Belgium, and the Netherlands.

This name change was inspired by the idea of a healthy financial river flow. It reflects the company’s goal of providing additional payment services beyond post-payment solutions.
Riverty offers the potential for simpler and more adaptable payment processes. This is thanks to its intelligent and cutting-edge technologies.

The introduction of the new name and its primary ideas also mirrors the market’s current demands. AfterPay analytics indicate that there has never been more demand for buy now, pay later options.

According to them, 57% of consumers intend to utilize these payment methods. Meanwhile, 35% actively look for online retailers who can provide this service.

Afterpay’s basic idea is to pay for anything in full on the customer’s behalf, including casino deposits. The money is then paid for the item in four equal installments spaced out over a period of six weeks.

A quarter of the total amount is deducted at the time of purchase. This serves as the first installment. Then, three more deductions from a debit or credit card are made every two weeks.

As a gambler, you can benefit from this feature if you pay your bills on time. The ideal period is every 14 days to avoid extra fees.

Compared to other loan types, BNPL has less stringent regulations. The AU National Debt Helpline notes that BNPL lenders are not covered by the National Consumer Credit Code. Therefore, they are exempt from the same legal requirements that apply to banks and other lenders.

Because of this lack of oversight, concerns have been expressed regarding potential risks associated with BNPL services. This is especially true for customers who are unable to make timely repayments.

Afterpay Transactional Charges in the Netherlands

Most Dutch fast payout casinos don’t charge fees for using Afterpay, but some do. Operators determine which expenses are passed on to the player.
Consequently, Afterpay has established a cap of €250. So, the casino’s deposit limits for this payment method may be lower than those for other banking options.

You have fourteen days to pay the amount borrowed. The amount you must deposit and the amount you must pay on the spot are the same.
While Afterpay does not charge interest or other fees for on-time payments, it does charge late-payment fees to customers. That is in the event that a planned payment is not made.

The amount charged will vary depending on several criteria. For example, there’s a maximum €10 late fee for orders under €40. Late payments for orders over €40 are slapped with up to 25% or €68 fee, whichever is higher.

An account is blocked until all due amounts are paid in full. That means you cannot get a second loan if the previous one is not cleared.

iDEAL

Initially released in 2005, iDEAL is a Dutch payment method. It’s the outcome of collaborating with several well-known banks in the Netherlands. Being a Dutch-founded payment method, expect a seamless payment process since its services are tailored to Dutch citizens.

Unfortunately, like AfterPay, iDEAL doesn’t support withdrawals. At most online casinos, it’s only available as a deposit option. The best part about this banking method is that you don’t need an account. It’s integrated with most Dutch banks, such as ABN AMRO.

PayPal

Founded in 1998, PayPal is one of the oldest e-wallets. Like Afterpay, it is available in Dutch. As a result, navigating the platform to make a transaction shouldn’t be an issue.

Both PayPal and Afterpay are popular. PayPal is 17 times more popular than AfterPay, though. This digital wallet comes with a mobile application for Apple and Android devices.

Like Afterpay, PayPal processes deposits instantly. The only advantage with this ewallet is that it also processes withdrawals. It processes cashouts within 24 hours on average.