Casinos that Accept InstaDebit
As the number of online casinos increases, so does the demand for fast and secure payment methods for deposits and withdrawals. While there are many established e-Wallets out there in the ether, we would like to draw your attention to InstaDebit casinos and why this payment method is so popular among Canadians.
To start, InstaDebit is not an e-Wallet in the conventional sense. Instead, InstaDebit acts as a middleman for transactions between your bank and the casino, adding extra speed and layers of security to your transfers at a nominal fee.
We will touch on everything you need to know in this InstaDebit review and do a little iDebit vs InstaDebit a bit further down to help you with your decision. But first, here’s our list of the best InstaDebit casinos in Canada.
InstaDebit is a Canadian company that provides online banking solutions to clients in Canada and the United States, with payments available in Canadian dollars, US dollars and Euro. Founded in 2000, InstaDebit can be used to safely make online purchases and quick withdrawals from online casinos. Plenty of casinos that cater to Canadian clients accept Instadebit as a deposit and withdrawal method.
InstaDebit Casinos Pros and Cons
Free to register your account
Accepted by all major banks
Super easy to use
Fees for transactions and conversions
Two-step withdrawal process
Only available for Canadian and US dollars
How to set up InstaDebit
There are two ways you can do this: you can either go to InstaDebit’s site and register your account there or you can start the registration process from the cashier section in your casino account. If you don’t have an InstaDebit account but choose it as a payment method for a deposit, you will be promoted to create one.
You will need to have a few things handy, like, basic personal information (name, date of birth, address, email address), your bank account details and the last four digits of your Social Insurance Number (SIN) to verify your identity.
Once your account has been created, InstaDebit will make a small deposit (less than C$2) within 3-5 business days. You will need to remember the exact amount to verify your new account. Until then you can still use your InstaDebit account for transfers, but at a limited transaction amount.
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When you want to make a deposit or a withdrawal at your online casino, simply go to the cashier section in your player account and choose InstaDebit as your payment method. Then follow the instructions.
How to deposit at InstaDebit casinos
- Log in to your online casino player account and go to the cashier section.
- Click on deposit and choose InstaDebit as your payment method.
- Enter the amount you wish to deposit into your player account and click deposit.
- The transaction should only take a few seconds and you’re ready to play.
How to withdraw at InstaDebit casinos
Just do the same as when you deposit except you click on withdrawal instead. Keep in mind that withdrawals from your player account will go to your InstaDebit Canada account, and not your bank account. The speed of the first transaction can be found on your casino’s website.
It takes 3-5 business days for money on your InstaDebit account to be withdrawn to your regular bank account.
InstaDebit casinos vs iDebit casinos – which one to go for? After all, between them, they are probably the most popular payment methods in Canada right now, and for good reason. There are just a few things that separate these two payment providers. But the main difference between the two is that you cannot deposit money from your bank account to your InstaDebit account.
Both methods are perfectly safe to use and process transactions at basically the same speed. But InstaDebit has one small edge on iDebit, though. InstaDebit is trusted by virtually every financial institute and all major banks in Canada.
Are there any InstaDebit fees?
It won’t cost you a dime to set up your account. It’s free and only takes a couple of minutes. When you deposit into your casino account, the transfer is instant but it could take up to 2 days until the money is taken from your bank account. And it will set you back C$1.95.
Withdrawing from an online casino is a two-step process. First the money will go to your InstaDebit account, free of charge depending on the casino, and then you will have to withdraw the money from your InstaDebit account to your bank account, at a C$2 fee per transaction.
Also, InstaDebit only supports Canadian and US dollars at the moment. This means that you can still deposit CAD into your player account and have it converted into EUR. And when you request to withdraw EUR to your CAD InstaDebit account, you will be slapped with a conversion fee.
Is It Safe To Use Instadebit At Casinos?
Let’s just say that you will have a better chance to steal Wayne Gretzky’s trophy collection than cracking InstaDebit’s 128-bit encryption. In other words, all your transactions via this payment provider are perfectly safe.
And on top of that, InstaDebit will never share your banking details with any third-party merchants. You can definitely sleep at night, knowing that your transactions are protected.
Which banks support InstaDebit?
All major banks and financial institutions in Canada work with InstaDebit, including the following banks which allow online gambling transactions.
But that’s not all – thousands of merchants also accept InstaDebit transfers. And the payment method is quickly growing in popularity among online casinos and sports betting sites.
Is InstaDebit the right payment method for me?
If you are looking for fast and secure deposits, then InstaDebit could be the payment method for you. And one of the things that we left out of the Pros section above is that you don’t have to worry about keeping track of another bank card.
But we have to get real with you. Since InstaDebit acts just as a middleman and will add extra charges for making sure that your deposits and withdrawals are safe. There are other options out there that you might want to consider.
The two-step withdrawal process leaves a lot of room for improvement and the same goes for only supporting Canadian and US dollar. Supporting more currencies would give players more options and get around those potential conversion fees.