A popular and secure payment method in Canada is Instadebit, an online payments service that has gained a strong reputation over the last few years both in Canada and the US. Launched in 2003, it is owned by InstaDebit International Solutions Ltd, a company of Canadian origins but with headquarters based in Malta and a Canadian branch in Toronto. Since its launch, it became the preferred payment method of many Canadian casino players, having earned a reputation for being fast and highly secure. In this InstaDebit casino review, we go over the pros and cons, how to sign for an account, and we shall provide a list of the best InstaDebit casino sites. So keep on reading to learn more!
InstaDebit casino list 2019
Below we have compiled a list of the top 3 InstaDebit casino sites where you can use this payment service:
What is InstaDebit?
InstaDebit payment service provides an online platform from where customers can effect payments to another InstaDebit client or online merchant, directly from their personal bank account. The official InstaDebit website describes the process as ”like paying with a cheque online, only easier!”. And truth be told it is as easy as that. Registering for an account with InstaDebit is easy and requires you to provide a valid bank account held with a Canadian financial institution.
InstaDebit may be an online platform but it does not function as an e-wallet since there is no need to top up your account. Using this payment method requires you simply to choose the InstaDebit payment method on checkout, log into your account either via your desktop computer or mobile and choose Approve. Your InstaDebit account will pull the funds directly from your account to the merchant’s account, acting as a middle man, ensuring a secure payment method without having to disclose any sensitive information to third parties.
Customers who wish to sign up to this service can do so free of charge by providing some personal information, a valid email address and a valid bank account. The latter two are verified by InstaDebit at the time of registration, with the account up and running within minutes.
Although it is not possible to top up an InstaDebit account, funds can be received from other users or merchants directly to your InstaDebit account. Once received you can either use them to effect payments or else transfer them to your bank account via bank transfer which might take 3-5 days.
The InstaDebit payment service affords a secure and reliable payment method where no personal details are disclosed, retaining a customer’s anonymity for a minimum charge.
Placing a deposit with a casino requires no different steps then when you are affecting a payment to an online merchant. Simply, choose your payment method on the cashier page, log into your account and select the approve option. Payment is usually available in your casino account instantly. Withdrawals are as easily credited to your InstaDebit account, with the option to reuse them or transfer them to your bank account.
Advantages of InstaDebit
InstaDebit payment method comes with a number of advantages, and down below we have listed some of them:
- Sophisticated anti-fraud system – InstaDebit uses one of the most advanced security measures ensuring Data protection, identity verification, privacy control and secure transmission.
- Anonymity – no personal information is disclosed to the recipient of your payments ensuring complete privacy.
- Instant deposit and withdrawals – transferring funds to an online merchant and receiving funds is instantaneous and very easily done.
- Registering for an account is free of charge – there are no fees when you register for an account.
- It is accepted by many casinos – Canadian players will find that many online casinos support this payment method.
Disadvantages of Instadebit
We could not find many disadvantages of InstaDebit. Perhaps the most notable of these are:
- Charge of $1.95 when transferring money to a merchant
- Charge of $2 when withdrawing funds to a bank account
- Withdrawals to a bank account take 3-5 days to be processed
- Customers have up to 28 days to use the funds in their InstaDebit account
- Not all online casinos support this payment method.
Instadebit supported banks
If you want to register for an InstaDebit account and start using the payment service you need to have an account with a Candian financial institution. Most of the banks and other financial services providers in Canada, all support InstaDebit, making it easier for a customer to start using this payment service.
iDebit is InstaDebit younger sister, launched to offer a more global service. It follows the same concept as InstaDebit with very minimal differences. Check-out our review of iDebit and learn what this payment service has to offer.
Can you get a casino bonus if you deposit with Instadebit?
If you wish to benefit from the best online casino bonuses, using InstaDebit won’t exclude you from claiming a generous welcome bonus or participating in numerous casino promotions at your favourite casino. Although there are a number of e-wallets that are excluded, we have never come across a casino that excludes players from their bonuses when using InstaDebit.
InstaDebit – What we think
InstaDebit is a renowned and highly secure payment method that provides anonymity when conducting payments to third parties and a high level of security. The advantages are many with very few cons, making it the prefered payment method of many Canadian players. If you are still thinking about what the best payment option is for your online casino activities, then check out our reviews for iDebit, EcoPayz, Instant Banking, and Paypal. We wish you all the best in your gambling activities!