What is Instadebit and How Does it Work?
Instadebit is an online payment solution that allows bettors to make direct online payments to the online casinos they’re playing at. It works almost like writing an online cheque, which makes it completely secure and safe to use.
The best part is that gamblers can also use this method to withdraw the funds in their casino account, making this a two-way transaction option. Because of this duality, bettors don’t need to rely on multiple bank accounts for deposit and withdrawal, and can work just with an Instadebit account.
All players need to leverage this payment style is to have a bank account in any of the Canadian banks out there. You don’t even need to wait for account activation or verification in order to make your first payment. Just sign up today on Instadebit’s website and you can make your first transfer right away.
However, players do need to complete a verification before they can withdraw their gambling wins. Nevertheless, the payment method doesn’t require any personal information, which has made it quite famous among Canadian gamblers.
A History of Instadebit and its Use in Casinos
The Instadebit platform was first launched in 2003, making it one of the oldest online payment solutions in Canada. The anonymity offered by this payment method is one of the top reasons why it’s a preferred mechanism that Canadian gamblers use for their casino account.
Betting at online casinos always comes with a certain level of risk because anyone could steal your money or your personal information. While losing your cash to hackers sounds like the worst thing ever, someone gaining unauthorized access to your personal data is much worse.
Once your bank details leak into a hacker’s hands, there’s no controlling what they’ll do with the information. This is why online casinos equip themselves with heavy security protocol measures and encryptions, just to make sure that their customers can trust them.
This is also why people gravitate towards the best Instadebit casinos because this payment method doesn’t share your personal banking information with the casino. This way, you can complete your transactions while also staying completely anonymous and protecting your identity.
This is why many Canadian casinos started integrating Instadebit onto their roster of eligible payment methods, because they knew that its level of security would be attractive to many bettors, especially those just starting out with online betting.
During its two-decade-long presence in the market, Instadebit managed to establish itself as a reputable and safe payment method. This eventually paved the way for it to become one of the most trusted payment mechanisms in the online gambling industry in Canada.
Understanding Instadebit Payments and Withdrawals
One of the best things about using Instadebit for your online casino account is that you can utilize it to deposit money into your casino wallet and withdraw any winnings. You can also use both USD and CAD through Instadebit.
Let’s take a deeper look at how both of these processes work in practice:
Depositing Money Using Instadebit
Using Instadebit to deposit money into your casino wallet is fairly simple. Just follow these easy steps:
- Create an Instadebit account. Recall that you don’t need any verification to make your first deposit.
- Look up a casino that accepts Instadebit deposits and log in to your account.
- Go to the banking page, select Instadebit as your preferred payment, and input the amount you wish to deposit.
- This will take you to the Instadebit sign-in page, where you can login and approve the payment.
- Wait just a few minutes, and then check your casino wallet to see the funds deposited there.
- Pick any game and start placing your bets on live dealer games or online slots.
Withdrawing Money Using Instadebit
The process for Instadebit withdrawals is quite similar to the deposit process. All you need to do is:
- Check the minimum withdrawal amount for Instadebit at your particular casino.
- Visit the withdrawal page and select Instadebit as your chosen method.
- Enter the amount you would like to withdraw.
- Wait for the withdrawal to go through. While the deposit is almost instant, the withdrawal time can last around 1-3 days, or even more, depending on the casino.
Read the Terms and Conditions Thoroughly
Whether you’re withdrawing your cash or depositing it, you must always read through the terms and conditions. There can be minimum or maximum deposit and withdrawal limits, along with transaction fees or deposit turnovers.
Not all online casinos will have these regulations in place, but many do. This is why it’s important to check these things before you conduct any transactions, just so you’re not taken back by any extra charges later on.
The rules also differ from casino to casino so make sure that you’ve checked the terms and conditions for each place you gamble at. Putting in this extra step is always better than making any assumptions that fail later on.
👍 Advantages of Instadebit Online Casinos
We’ve already touched upon why people would want to conduct their casino payments using Instadebit, but let’s take a deeper look at the benefits of using this payment method. Here are some of the best advantages you can expect from Instadebit casino payments:
Transactions in Two Currencies
Instadebit offers Canadian dollars as well as US dollars, which means that customers don’t have to pick one or the other. This is highly convenient for all players located in Canada, even those who might be traveling from abroad. Just make sure to check whether your chosen casino accepts both of these currencies or not.
Convenience
This is another leading reason why players and bettors are attracted to the Instadebit payment method. The account is easy to open and the process is quick. The deposit process is also quite swift, with your payments being deposited in the casino wallet almost instantaneously. The attached fees are also minimal.
The only time bettors need to wait for their transactions to go through is when they’re withdrawing money. However, that is the case with most payment withdrawal methods in most online casinos. The withdrawal time is higher as compared to the deposit.
Safety and Anonymity
As an online gambler, there are few features more exciting than the assurance of complete safety and anonymity. Everyone fears that their personal information might be stolen or may accidentally fall into the wrong hands, and Instadebit removes that issue.
Because bettors are not required to share any private information, Instadebit casinos help ensure that their identities are kept safe. The entire payment process is also properly encrypted, ensuring the safety of bettors’ money as well.
Simple Process
An Instadebit account links directly with your Canadian bank account, simplifying the entire process. This direct linkage with the bank account is why many people prefer betting at Instadebit casino sites.
Widely Accepted Process
Several Canadian casinos now offer Instadebit as a payment method, for both deposit and withdrawal. This means that if you want to bet using an Instadebit account, you won’t have a hard time finding online casinos that accept this mode of payment.
Mobile Compatibility
Instadebit is a mobile-compatible method, which means that you can make transactions easily from your smartphone. If you’re a gambler who likes playing casino games on the go or just on the phone even at home, this is great news for you.
You don’t need to log on to a computer to make your payments, they can be made directly from the screen in your hands. The user experience is also quite friendly and easy to navigate, which is another plus point for Instadebit.
⚠️ Disadvantages of Instadebit Online Casinos
While there are several benefits to using Instadebit for your online casino payments, the method also has its disadvantages. These may come up from time to time and hinder your gambling process, so it’s good to be aware of these elements right from the start as well. Here are some major cons of betting at Instadebit casinos:
Solo Account
Your Instadebit account can only be linked to a single bank account at a time, which can be an issue for people who like to spread their payments across multiple accounts. This isn’t that big of an issue because most Canadian banks will accept Instadebit connections.
However, if you still wish to use multiple accounts when gambling, Instadebit will not be able to offer you any help in this department.
Location Restrictions
Instadebit payments work differently in Canada as compared to other countries. Thus, if Canadian online casino players change their location and travel to another country, they will not be able to use Instadebit to deposit or withdraw their money.
This can be an issue for people who travel frequently from one place to another, as they’ll have to change their payment methods based on regulations in each area. However, as long as you’re situated within Canada, you will have no issue using this payment method.
Tricky to Change Currencies
Even though Instadebit is compatible with USD and CAD, bettors cannot use the same account to bet in both currencies. You need separate accounts if you wish to use both currencies. This extra step is a nuisance for a lot of individuals, but unfortunately, this is one of the regulatory drawbacks to betting using Instadebit.
Is Instadebit Still Worth It?
No doubt, there are some hurdles to using an Instadebit account for gambling. These disadvantages can often become annoying and put bettors off from this method. However, the security and safety offered by this payment method make it worth it despite its few drawbacks.
This is why more and more Canadian online gamblers are exploring Instadebit as a viable payment method. There are always some cons attached to every payment method, but Instadebit has a ton of advantages that cover these negative factors.
Comparison With Other Payment Options
Once you’ve considered the pros and cons of the Instadebit method, it’s also important to compare this payment method with other payment methods available in most Canadian casinos. After you evaluate the benefits and drawbacks of all the major options available to you, then you can make an informed decision regarding which method you should pick. Let’s take a look at the comparison between Instadebit and other commonly available payment methods in the Canadian gambling industry:
Instadebit vs. Credit/Debit Cards: If you own a bank account, the credit/debit card is obviously the most direct method of transaction. This process doesn’t require a middleman and, hence, can be quicker than Instadebit too. However, the biggest advantage that Instadebit offers over credit or debit cards is the anonymity factor.
If you use your bank card, you will need to share its details with the casino. This can not only risk your bank account information but also become an issue if you don’t want the gambling charge to show up on your card’s transactions. Some banks may also not allow gambling charges, which is where third-party methods like Instadebit come in handy.
Thus, if staying safe and anonymous is your biggest priority, then it’ll be much better for you to use the Instadebit payment method.
Instadebit vs. E-Wallets: Some individuals may think that Instadebit is an e-wallet like Skrill or Neteller, however, that is not the case. You cannot deposit funds into Instadebit from your bank account, which is why it doesn’t function like an e-wallet. The way to use an Instadebit account is to link them with a bank account and then just directly transfer money, just like a check.
But, if you were looking for an online mode to deposit money into, then e-wallets will be the better choice. You can also use an e-wallet to make payments directly through your regular banking method, but that comes with a high charge. This is where Instadebit takes the edge over other regular e-wallets.
Thus, if you’re someone who finds it difficult to make and maintain an e-wallet account, you’ll find that using a method like Instadebit is much more straightforward.
Instadebit vs. Cryptocurrency: Cryptocurrency is one of the newest payment options in Canadian casinos, which is why it’s one that bettors are still learning about. It offers many benefits that Instadebit does, including safety and anonymity.
However, cryptocurrency also comes with its fair share of issues. There isn’t a lot of regulation overseeing the use of cryptocurrency in casinos. Furthermore, since it’s a new method, it can also be slightly confusing for people to figure out.
If you’re looking for that extra bit of challenge, cryptocurrency might be an option worth exploring. But, if you just want to stick to something simple and straightforward, Instadebit is the better choice for you.
It’s safe to say that there is a good and bad side to each casino payment mechanism out there. Your final choice depends on your particular circumstances, so make sure to research all your possible options and then pick the best one based on your circumstances.
iDebit vs Instadebit - Which is the Better Payment Option?
iDebit is another payment method quite similar to Instadebit. It is also an online payment transaction mode that you can link with your bank account and directly transfer money.
Both methods are popular within the Canadian gambling industry, being accepted by a wide range of casinos. You need to be a Canadian citizen and have a valid Canadian banking method to use either iDebit or Instadebit.
However, there are certain differences in the two payment methods that can significantly impact your final choice between the two. The first difference is that Instadebit offers a bigger range of eligible casinos and banks. This is one of the biggest points where iDebit falls short. Many online casinos use Instadebit but not all casinos accept iDebit.
On the other hand, the benefit of using iDebit is that the deposits are cheaper to make. The withdrawals have a C$2 transaction fee with both methods. Thus, overall, there aren’t that many differences between the two of them. Both of them are popular and for good reason - they make gambling transactions much easier and more convenient.
Final Thoughts - Why You Should Consider Instadebit Casinos
There’s a reason that Instadebit casinos have become so popular in the Canadian gambling industry. The safety and convenience offered by this payment method are comparable to only a few others. If you’re also looking for an easy yet anonymous way to conduct transactions directly from your bank account, Instadebit is one of your best bets.
Most casinos that accept Instadebit as a payment mechanism are licensed by the top licensing authorities, such as Curacao or Malta, which adds another layer of security to their roster. Casinos accepting Instadebit also offer a range of exclusive bonuses such as a match deposit bonus or welcome bonus. Instadebit bonuses are another plus point for Instadebit users.
Thus, in a nutshell, Instadebit is a popular payment method to consider if you’re a Canadian gambler based in Canada. All you need is a valid Canadian bank account and you can make your first deposit today!
