Instadebit is an online payment specialist that caters specifically for the Canadian Market. As with other financial companies such as VISA and MasterCard, it’s forged a respectable reputation when it comes to both land and web-based transactions. However, Instadebit is more akin to Interac and iDebit because it enables users to make transfers directly from their bank accounts. Understandably, this makes it a very popular choice among online casino gamers looking to divert cash to their accounts instantly. So how to you make deposits with this astonishing service?
How Does Instadebit Work?
Performing transactions is relatively straightforward. To begin with, you’ll need a Canadian bank account. Otherwise, the service will be completely useless. We’ll obviously assume that you’ve got one and that your financial institution of choice recognises Instadebit. If this is the case, you’re all set. It’s merely a case of creating an account and then providing your account information. The process, which is free, should only take a few minutes.
After these steps have been completed, Instadebit will make a small deposit into your account for verification purposes. You’ll need to confirm this in order to unlock higher spending limits.
How to Use Instadebit at an Online Casino
A decent number of online casinos accept Instadebit deposits and withdrawals. However, keep in mind that it’s not an e-wallet. So funds can’t be transferred into your InstaDebit account. Instead, you can transfer funds to your online casino of choice by simply selecting it as an option. You’ll then need to enter your bank account details along with your preferred sum. If all goes to plan, your account will be funded within a matter of seconds, which means you’ll be able to blow it all on any game you choose!
Can I Withdraw my Winnings?
Why yes you can! Withdrawals are made using a very similar process but with one notable exception – it usually takes a lot longer. If you’re lucky enough to win cash playing online casino games, head over to your account section, choose Instadebit as the withdrawal method and input the details of your bank account. You should receive your winnings within five business days.
Is Instadebit Safe to Use?
Yes, Instadebit is completely safe to use. Your personal information is protected and not shared with the online casinos or any other merchants for that matter. User privacy as well as all transactions are also monitored and regulated by trusted certification firms such as VeriSign and TRUSTe. And needless to say, communications between you and Instadebit are secured with 128-bit encryption which will keep bad actors from getting their hands on your cash.
Discretion for Profligates
In addition, the company uses an identity verification system that further shields your identity. All you’ve got to provide is a birth date and the last four digits of your social insurance number. Should you decide to spend a small fortune at an online casino (we hope that you don’t) you can be safe in the knowledge that your mindless profligacy won’t be documented on your bank statement. Instead, you’ll see a reference to INSTADEBIT. We’re not entirely sure if this is a pro or a con, all things considered.
Are There Extra Fees?
Unfortunately, yes. This is the price one must pay for convenience. Every time you make a deposit at an Instadebit casino, you’ll have to pay $1.95. A $2.00 charge is also applied to any withdrawal you decide to action. Some operators are also quite fond of imposing their own charges for players who choose to use Instadebit – so be sure to check the site’s terms and conditions before making use of the service.
Do All Online Casinos Work with Instadebit?
Alas, no. Instadebit is not universally accepted by online casinos. In contrast to services such as PayPal, it isn’t yet global in scale. This isn’t to say that you won’t find any casinos that aren’t eager to take your money via this convenient and handy service. See the ones featured on this page – all are trusted operators who will be more than happy to drain your bank account at a moment’s notice.
How Does Instadebit Stack up Against Specialist Online Transaction Services?
It stacks up very well thanks to fast processing times and, that word again, convenience. But as with Interac, Instadebit isn’t anywhere near as widespread as some of the new online transactions companies such as Neteller, PayPal or Skrill. Although it’s available in some 30 countries around the word, only a handful of institutions within those countries accept the service. And that’s really one of its main shortcomings at present.
Happily, you’ll be able to contact Instadebit easily, should the wheels fall off at any given moment. The company provides a dedicated helpline, live chat functionality and an email address. Help is at hand on a 24 hour basis. There’s also a rather comprehensive FAQ section that covers areas relating to account creation and management, payments, currencies and foreign exchange and bank verification.
Pros and Cons of Using Instadebit
In case you’ve forgotten about the endless benefits of using Instadebit, here’s a recap. For added convenience, we’ve also included some of its shortcomings.
- Easy to Set Up
- Safe and Secure
- Instant Deposits
- Easy Registration
- Wide Range of Canadian Banks Accept Instadebit
- Withdrawals Permitted with a Few Casino Operators
- Withdrawals Permitted with a Few Casino Operators
- Fees and Charges are Applied to Deposits and Withdrawals
- Casinos May Also Impose Fees
- Limited Coverage
- Brand name isn’t very catchy
As mentioned, services like Instadebit can prove extremely useful, especially for players who lack patience or any sort of restraint when it comes to funding their accounts. The only downsides relate to the fees that get applied to deposits and withdrawals, as well as the service’s limited availability outside Canada. Nevertheless, if you can stomach these fairly minor shortcomings, then you’re going to have an absolute blast using this trusted transaction service.