INSTADEBIT Online Bank Transfers – Payment Method Info Page
Payment method: INSTADEBIT
Payment type: Online banking payments, online banking transfers, e-checks
RealGamblingSites.com overview – iDebit:
Canadian players can choose from several bank transfer payment options that are designed specifically for Canadian bank account holders, including INSTADEBIT. INSTADEBIT provides a secure and convenient gateway for making online payments directly from your Canadian bank account to online merchants, including gambling sites. InstaDebit has been providing payment services since 2003, and it works with merchants worldwide.
INSTADEBIT is similar to online banking e-check services in that you provide INSTADEBIT with your bank account information, and the company uses that to process and fund your future payments through its site.
How does INSTADEBIT work?
You can register for an INSTADEBIT account before or during your first transaction. When you register, you must provide your name, address, email address, date of birth, the last four digits of your SIN (Social Insurance Number), and your bank account information (bank transit number, financial institution number, and bank account number). INSTADEBIT then stores your bank account information to use it as your payment method for future transactions.
After you register an account, INSTADEBIT makes a small deposit into the bank account that you registered with. You can then enter the amount of the small deposit to INSTADEBIT to verify your account to increase your spending limit.
INSTADEBIT versus iDebit
INSTADEBIT and iDebit both allow you to make online payments using funds from bank accounts without having to share any of your banking information with the merchant (including online gambling sites).
Although INSTADEBIT and iDebit are similar in many ways, there are some fundamental differences between the two service providers. INSTADEBIT saves and stores the bank account information that you provide and uses it as your payment method when you use it to make online payments. You can only store and use one bank account at a time using INSTADEBIT, so you cannot choose to use different bank accounts for different transactions.
On the other hand, iDebit does not gather or store any of your bank account information; instead, it acts as a gateway between your online banking and merchants. Using iDebit, you choose which bank and account you would like to use to make each payment and use your online banking credentials to log in and confirm the payment. You can use any bank and account for a specific transaction provided that it is one of the major banks in Canada that iDebit supports.
Otherwise, the two services are very similar. Your bank account information is not shared with online merchants. The fee-free options and fee structure for both INSTADEBIT and iDebit are virtually the same. It is also possible to receive refunds/payments from merchants into your INSTADEBIT or iDebit account and then use those funds to make payments to merchants or transfer the funds into your bank account.
INSTADEBIT is a casino-friendly way to make online bank transfers for players in Canada.
INSTADEBIT supports transactions through all banks and financial institutions and is accepted at a wide variety of online casinos worldwide. Low to no transaction fees and quick, secure payments help to make INSTADEBIT a popular payment method for Canadian players.
Using INSTADEBIT for online gambling deposits
You must register for an INSTADEBIT account either before you make your first payment or while making it. You can then follow these steps to make an online gambling deposit.
Steps for using iDebit to make online gambling deposits:
INSTADEBIT deposit payments to online casinos are usually available instantly, although withdrawal times vary depending on the site. Online gambling sites may provide withdrawal time estimates on the Banking page or the cashier area when you are logged in. If no estimates are provided, you can contact the customer service team for details.
INSTADEBIT acceptance at online gambling sites
INSTADEBIT is accepted at a wide range of online gambling sites around the world for Canadian players that hold a Canadian bank account, particularly at casinos that cater to Canadian players.
INSTADEBIT acceptance for U.S. players
INSTADEBIT is currently only available to players in Canada. U.S. players are not supported.
INSTADEBIT provides a convenient way for players in Canada to make online gambling deposits using their bank account balance without sharing sensitive bank account information directly with the casino. Bank account information does not need to be entered for every payment as it is stored by INSTADEBIT and can be used to make a deposis with a few quick clicks.
Refunds and payments from merchants, including withdrawals from online casino sites, are conveniently deposited into your INSTADEBIT account balance. Those funds can then either be used to make payments to merchants or be transferred to your bank account that is registered with INSTADEBIT.
INSTADEBIT is available to anyone in Canada that holds an account at any Canadian bank or financial institution in Canada and is at least 18 years old. INSTADEBIT is available as a deposit and/or withdrawal option at many online gambling sites around the globe, particularly at casinos that cater to Canadian players.
Some INSTADEBIT transfers are free; however, the company charges small flat fees for some types of transactions.
Note that if you make a payment/transfer using INSTADEBIT and you do not have sufficient funds in your account, your bank may charge you a Nonsufficient Funds (NSF) Fee, the amount of which can vary depending on the bank.
** INSTADEBIT fees and their structure are almost identical to iDebit, another leading company that enables online bank payments in Canada. iDebit charges 1.50 CAD for payments from your online bank account to a merchant, whereas INSTADEBIT charges 1.95 CAD. Otherwise, the fee structure is the same between the two payment providers.
INSTADEBIT transactions are free on most online casinos. You can check your betting site’s Payments pages or contact the customer service team to see if any fees may be incurred for INSTADEBIT transactions.
Online banking transactions, including INSTADEBIT, are fee-free at most banks. You can check with your bank to see if any fees may be incurred for INSTADEBIT transactions.
INSTADEBIT utilizes various security measures to protect your data and is certified by TRUSTe, VeriSign, McAfee Secure, and Norton Secured.
When you register an account, INSTADEBIT confirms your date of birth and the last four digits of your Social Insurance Number (SIN) to verify your identity. The InstaDebit site and transactions are also protected by 128-bit encryption.
When you make online gambling deposits using INSTADEBIT, your bank account information is not shared with the casino, helping to limit your exposure to fraud. However, your bank account information is stored by INSTADEBIT, and you need to input your bank account information on the secured INSTADEBIT site one time when you register your account.
INSTADEBIT deposits are instant. Withdrawal times are relatively fast and vary depending on the online gambling site.
INSTADEBIT provides 24/7 customer service via a toll-free phone number (1-877-88DEBIT), email (email@example.com), and online chat.
When you sign up for an INSTADEBIT account, you must provide your name, address, email address, date of birth, the first four digits of your SIN, and your bank account information (bank account numbers). This data is then verified against your bank account.
Next, you are provided with a temporary spending limit. INSTADEBIT makes a small deposit into your bank account. Once you enter the exact deposit amount on the site, your bank account is verified, and your spending limit is increased.
If you want to change your home address or bank account, INSTADEBIT requires that you provide a copy of your updated ID, proof of address, and/or a voided bank check to verify the changes.
Your betting site may require ID and bank account verification the first time you initiate a withdrawal using INSTADEBIT. The casino may publish what verifications are required in the Cashier section or contact you with verification requests after you initiate a withdrawal request.
Online casino bonuses/Casino-friendliness
INSTADEBIT provides a casino-friendly payment option for Canadian players that hold a bank account in Canada. Deposits can be funded without sharing your sensitive banking information with online gambling sites, there are low to no fees, and deposits are instant.
Our team identified at least one major online casino that is currently offering a 10% bonus on all deposits made using INSTADEBIT. You can check your online betting site to see if it’s offering any payment method bonuses for INSTADEBIT. You can also shop around and try some of our recommended casinos that offer INSTADEBIT payment method bonuses.
Deposits made using INSTADEBIT also count toward the requirements for other online casino bonuses, including welcome bonuses. Check the Terms and Conditions for any promotion to find out the deposit and playing requirements needed to cash in on the bonus money.