Throughout the years, the quality of the online gambling experience has improved a lot. Players are now given so many choices to make, in terms of games, bonuses and payment methods, and they can craft their experience as it suits them.
The choice of payment methods, in particular, has increased a lot. Each year, we see new payment solutions being launched left and right, each fitted for online gambling. But, there are such methods that have left a mark and are still prevailing in terms of popularity over others. One such solution is InstaDebit. This unique payment solution has managed to find itself on the lists of top payment methods across hundreds of online casinos. Why is InstaDebit an appropriate payment method to use at an online casino?
Top InstaDebit Casinos
What is InstaDebit?
If you’re a frequent online casino player, you know that you can find InstaDebit in the eWallets lists across casino sites. But this is not just a regular eWallet which can be funded with money, which you can use to store your funds in a digital format. No, this is an eWallet that functions like a mediatory service between you and your online casino. It is essentially a payment facilitator, a service that does the background mediation of the money transfer. All you need is a bank account in a Canadian financial institution. Of course, in order to use this service you need to sign up for it. For that, you need to be over the age of 18 and you will be required to provide some personal information for verification of your identity. One of the requirements is the last 4 digits of your Social Insurance Number but rest assured that it will only be used in order to protect your payments as the company has a strict anti-fraud policy.
With headquarters in Canada, Toronto…
…the company behind it, International Solutions Ltd, first started its online payment processing operations back in 2003. But, it has further expanded its reach to Malta, opening an international branch office under the name InstaDebit Global.
When it first started out…
…the company behind the eWallet was dedicated to facilitating online payments for Canadian users, but has ever since broadened its horizon and thanks to the branch in Malta, it now also offers its services to the US users. Nevertheless, across online casinos, it is a known, popular solution for Canadian players, and these are the players that are actually using it the most as their deposit and withdrawal method across online casinos. The number of casinos that offer it? Whoa, well beyond two hundred sites. Therefore, as a US or Canadian player, if you’re interested to know more about how it works, continue reading, because this is the solution you can find across many online casino sites.
Getting Started with InstaDebit
Even though InstaDebit is not a classic eWallet, as mentioned, it does require a certain signup procedure to get started with it. You would first need to go to its official website. You’ll see the Sign Up page there, so click on it to start the signup procedure.
You’ll get a form…
…that you need to fill in with the required information. This information would include identification details, such as name, valid email address, home address, the last four digits of your Social Security Number and the bank account you would like to fund your account with. Complete the signup form, and submit your request. You would need to wait for a while for InstaDebit to check the validity of your bank account and email.
This is when…
…InstaDebit will make a small deposit to the bank account you entered, a really insignificant one, just to check the validity of the bank account. When you receive the deposit, you would need to enter it in the verification service to prove that it was you who received it on your bank account. As soon as you prove your identity, you will be able to use its services as it pleases you.
How does InstaDebit work?
InstaDebit, as mentioned earlier, has been incorporated and accepted as a payment method across a number of online casinos. So, before making any attempts to use it, you better check out some of those casino sites and choose the one that suits you most, which offers it as a payment method.
InstaDebit works like almost any other e-wallet but with some significant additions. You first need to create an account, as we already mentioned and this happens in a few easy steps. If you are about to make a payment or a deposit and decide to use InstaDebit you can make your account then and there and then complete the process in a flash. It is all efficient and secure, but most of all fast. All you need to do is make sure that the website you are using to make the payment for does not require any additional data as this would be a sign of fraud. InstaDebit would never ask for your full SIN number, for instance, so if you are asked for it, know that it is not the real InstaDebit website.
The currencies InstaDebit works with are USD and CAD. However, the service is available only in Canada. It functions like any other e-wallet, but what makes it unique is that all the transactions take place in the same country, so the service is actually much faster. When a merchant transfers money to your InstaDebit account you can either use the money or transfer them to your bank account. It is recommended that you do not keep your money in just any account, so it is a good idea to transfer any earnings to your InstaDebit account as quickly as you can.
It is also extremely easy to use InstaDebit on mobile too. You can do everything you can do on the desktop version. Their website is highly adaptive and allows for a hassle-free registration and use even on the go. It is available on all operating systems and browsers, including Apple, Android and Windows. It is always great to add convenience to quality.
You cannot use more than one bank account with InstaDebit, so you cannot split payments between two different accounts but you can easily track your transactions history on their website. It is a great way to keep track of things but if you want to see things on paper you can also do that as InstaDebit transactions will appear in your bank statement as well under the name INSTADEBIT.com or 1-877-88DEBIT.
Online Casino Deposits with InstaDebit
In order to pay with InstaDebit, you need to have the amount of money required on your account and have it in the same currency. You can exchange currencies but there are fees involved. The currency conversion is made at the day’s exchange rates, but you can easily check it on the InstaDebit website.
Otherwise, there are no fees involved when depositing funds or making payments. Of course, this may vary depending on the type of online payment you wish to make and the website you are using. But usually, this is not the case. With InstaDebit all you need to do is select it as the payment or deposit method on your merchant’s website. Funds will be removed from your account almost immediately after your transaction has been approved. One click is all it takes!
To make a deposit with it…
…at the casino you chose, you would need to visit the Deposit/Banking/Cashier page at the site. Find InstaDebit from the listed methods, and select it as your chosen deposit method. Click or tap on its logo, and a pop-up will appear where you’ll need to enter the signup details for your account, ergo, your username and password. Sometimes, you may be asked to also add the last digits of your Social Security Number, for numerous safety reasons.
Enter the amount of money you wish to deposit at the casino and confirm the deposit request. InstaDebit will execute the transaction in an instant, and you’ll see a momentarily change on your online casino balance. In addition to that, the payment solution will also send you a confirmation detail, and notify both you and the casino about the transaction. Once you get the money, you can start playing your favourite roulette variations, real money blackjack, classic slots, video poker, and other casino games.
Online Casino Withdrawals with InstaDebit
InstaDebit is also available as a withdrawal method in some casinos. The way this works is that first your winnings get transferred onto your InstaDebit account and then you can decide if you want to transfer them to your bank account. The exchange of currency fee is the same as with deposits and all else is entirely free of taxation as long as you are using your InstaDebit account. If you wish to transfer your earnings to your bank account there are applicable fees.
As a withdrawal method…
…this eWallet works the same way. You would have to visit the Withdrawal/Banking/Cashier page and click on its logo. You would have to fill in the required information about yourself, and the amount of money you would wish to cash out. Confirm your identity and wait for the casino to approve the transaction. The casino may need a few days to verify your request and see whether you have any wagering requirements left unmet before it confirms it. Once it does, you’ll receive the funds on your bank account. As explained, InstaDebit does not store the money as typical eWallets do but sends the money directly to your bank account when used as a withdrawal method.
Unfortunately, not all casinos that offer InstaDebit as a deposit method, offer it as a withdrawal one too. You need to carefully look through your options before picking the right website for you. You can always consult the customer service team of either site if you cannot find the information you are looking for.
Applicable Fees with InstaDebit
There are close to no fees with this e-wallet. If you use solely your InstaDebit account there will be no fees, but if you do not you will need to pay a small percentage when transferring money from your bank account. Sometimes, you do not even need to pay the fee as some of the casinos that offer InstaDebit as a payment method will pay the fees for you. As we already mentioned, in case you wish to exchange the currency in your account there are fees to compensate for the currency risk involved in the provision of the service.
Basically, if you use only CAD this is a great banking method for you. It has proven itself as a reliable banking services provider and has already won over many clients with its high standards and low fees. The e-wallet also has an impressive history of partnership with almost every Canadian casino out there as it was established more than 10 years ago.
For deposits made from a debit or a credit card, or a bank account, there’s a fixed $1.95 fee. To move the money from your online casino to your bank account, you are charged $2 per request. But these are entirely acceptable given the level of security and the quality of the service provided.
One of the most important things to take into consideration when starting any online business is creating a trustworthy and safe environment. InstaDebit has accomplished this by its 128-bit SSL (Secure Sockets Layer) encryption system for the protection of their customers’ data. 128-bit encryption is a data encryption technique that uses a 128-bit key to encrypt and decrypt data. It is one of the most secure encryption methods used in most modern encryption algorithms and technologies and it is to be found on any reputable website. 128-bit encryption is considered to be logically unbreakable.
All transactions are monitored by leading security certification firms VeriSign and TRUSTe. VeriSign has been a global leader in internet security for more than 20 years, providing their services for more than 146.4 million .com and .net domain names. They protect and manage their DNS infrastructure, thus keeping the world online. They are more than a deserving partner when it comes to creating a website, especially one that involves payments.
TRUSTe (now known as TrustArc) also have more than 20 years of experience in the industry and what they do is they power privacy compliance and risk management with integrated technology. The TrustArd Privacy Platform is the basis of everything — a flexible, innovative, and secure way to maintain privacy. Basically, they are the reason why your information stays your own. Their clients are well-known to the public eye, starting with Apple and HP and going through all fields, reaching to Nestle and even websites like WebMD.
So you see how security is hardly an issue when it comes to outside breaches. As for the inside, the personal information required to create an account is never complete. InstaDebit does not demand your full data, so it does not have anything at hand that can be exploited. Your personal data is used solely for verification of identity and is never shared with merchants, so you do not need to worry about giving it. Of course, all of this is available on their website and is thoroughly explained.
This is only one way of looking at it, though, as the e-wallet itself provides additional security. It is far safer than simply providing your credit card or bank account details to any website. It serves as a middle-man and protects your data and further encrypts is so that it is nearly impossible for someone to steal your personal information. Hacking into two separate SSL encrypted sites is no easy task, so if you make sure the website of either the online casino you have chosen or any online store is also well protected you can rest assured that your data is safe.
If all of this still does not sound secure enough for you we have another addition to the safety of InstaDebit for you. That is the fact that all transfers take place in the same country. Your personal data is never sent to any offshore banks or websites, so it is entirely secure. It is the Canadian PayPal but with more precautions and even better partners. If any e-wallet is to be trusted unquestionably – it is this one.
Pros and Cons of InstaDebit
eWallets are becoming the preferred methods in the online gambling industry. InstaDebit is such that has many positive aspects. Security is at its core, however. In addition to the latest encryption protocols, which ensure that the funds transacted online are unreachable by third parties, it uses high-end security protocols and surveillance to protect the servers it uses.
The main advantage…
…you get as a user is the transaction speed since the method processes all transactions instantly. Another benefit you get by it is full anonymity. Working as a mediator, InstaDebit completely protects your sensitive details both across online casinos and at the bank. Plus, it comes with no or low costs, depending on the way you deposit and withdraw money across online casinos.
Among the disadvantages…
…we need to mention the country restriction, though. The solution being available to Canadian and US players only make it impossible for players from other countries to use it. To add to that, there’s the fact that you need to sign up for an account to use it. This is considered another downside for those players that like to use their payment methods right away, without delay.
But, in all…
…considering it is a payment solution available for both deposit and withdrawals, and accepted across hundreds of online casinos, it is definitely a method that is worth checking out. It is easy to use, cost-effective and convenient, and above all, highly protected and reliable. Therefore, if you’re a player from Canada or the US, make sure you check it out and use it across your favourite online casino sites.
- Apple Pay Casinos
- Blue Rewards Card Casinos
- Canadian Online Casinos With eCheck
- Canadian Online Casinos with EcoPayz
- Canadian Online Casinos With Flexepin
- Canadian Online Casinos With Gigadat
- Canadian Online Casinos With iDebit
- Canadian Online Casinos With Inpay
- Canadian Online Casinos With Interac Online
- Canadian Online Casinos With MuchBetter
- Canadian Online Casinos With Vanilla Prepaid
- Diners Club Casinos
- Ethereum Casinos
- Google Pay Casinos
- MoonPay Casinos
- Noda Pay Casinos
- Online Casinos With Boku in Canada
- Online Casinos With Citadel Instant Banking
- Online Casinos With Online Banking
- Online Casinos With Paysafecard
- Online Casinos With Prepaid Cards
- PremierPay Casinos
- QIWI Casinos
- Quickbit Casinos
- Remitly Casinos
- UnionPay Casinos
- UPayCard Casinos
Yes, there are records that you’ve made transactions with it on your bank statement, but for privacy and anonymity reasons, these transactions are marked as check payments, so no one can know where you actually spent your money.
As explained, InstaDebit processes the withdrawals right away, after the casino has approved them. Considering it might take the casino to approve them 3 to 5 days, that’s when you’ll get the withdrawal on your bank account.
Yes. InstaDebit offers a Customer Support service which is available 24/7 to attend to all your inquiries and assist you with anything you need, via the on-site contact form, Live Chat and phone. If you visit its website, you may also try to find your answer in the FAQ section, since the team has thoroughly responded to the most frequently asked questions.
Just like with any other payment method, you would need to pay a currency conversion fee if you want to use both Canadian and US dollars. This fee would be a small one, but it will be charged.
Considering it is a payment solution available to Canadian and US players only, this payment method is available in CAD and USD. You cannot use other currencies if you want to transact with it.
You may find it across European online casinos but it is still a method that only Canadian and US players can use. Therefore, if you’re a player from anywhere else in the world, you cannot use it as your online casino payment method.