Page updated on 18.04.2019

iDebit Payments for Online Casino Deposits and Withdrawals

iDebitiDebit is an online payments product from the Canadian fintech International Solutions Ltd, whose original product Instadebit is similar and uses a direct debit payment process. iDebit is an instant banking payment method that acts as an intermediary between a bank account and the merchant. Here, the payment provider will pass the funds on to your online casino player account (merchant) after verifying your bank balance, without first having to receive the debited funds from your bank account. iDebit is only available to players in Canada and linked to participating Canadian banks. These banks include Simplii Financial, TD Canada Trust, Royal Bank of Canada (RBC), Scotiabank, Desjardins, National Bank, Bank of Montreal (BMO) and Canadian Imperial Bank of Commerce (CIBC). Payments are possible in both C$ and US$.

Pros:

  • convenient, real-time and reliable
  • secured by your online bank
  • fees, if applicable, are comparatively low
  • eliminates the need for credit cards
  • US$ and C$ accepted

Cons:

  • only available to Canadian players
  • not all Canadian financial institutions accept iDebit
  • fee applies to online banking deposits and withdrawals to your bank account

Online Casinos with iDebit Payments

We've put together a list of some of the better online casinos accepting iDebit as a payment method. Remember, that these casinos are licensed and regulated in reputable jurisdictions. We've put together a comprehensive review of all our casinos which touches on all the points that we feel are the most important. These include information on their welcome bonus, games, withdrawals and deposits, mobile games, loyalty & VIP and customer support.

Casino Rating Highlights Links
Genesis Casino 9/10 ✓ fast payment processing times
✓ many promotions and tournaments
✓ over 1,300 games
Casino Gods 9/10 ✓ interesting game selection
✓ fair wagering requirements
✓ over 1,300 games
Casino Joy 9/10 ✓ 24h payment processing
✓ popular game providers
✓ over 1,300 games
Sloty 9/10 ✓ good bonus conditions
✓ reliable operator
✓ over 1,300 games
Spinit 9/10 ✓ great game selection
✓ fast payments
✓ over 1,300 games
Vegas Hero 9/10 ✓ Fantastic VIP-Experience
✓ many interesting games providers
✓ over 1,300 games
Casino Cruise 9/10 ✓ fantastic game selection
✓ fair wagering requirements
✓ over 1,300 games
Dunder 7.6/10 ✓ games from many game providers
✓ withdrawals are processed very fast
✓ mobile casino is easy to use
✓ over 1,800 games

How iDebit works

This form of payment is an instant banking method used to transfer money right out from your bank account to the merchant by acting as a go-between. This will cut back on the time it takes to process payments. You don't need to register an account if you just want to deposit funds from your online bank account into your online casino player account but you will need to setup an iDebit account if you want to withdraw money from your player account.

Deposits at casinos with iDebit

It is easy to deposit funds into your online casino player account. Start by choosing the iDebit payment method. If you already have an iDebit account, then login with your e-mail address and your password. You don't need an account as you can proceed as a guest. Enter the amount that you wish to deposit and continue to choose your bank from the options available. Login from there. All transactions must be verified with a unique transaction number or other security feature from your bank. Fund availability will be verified and you then request the funds to complete the payment and transfer the funds instantly, so that funds appear in your player account without having to wait.

Withdrawals at casinos with iDebit

Whereas it is not necessary to hold an iDebit account to deposit funds to an online casino player account, it is necessary to hold one if you want to withdraw the funds. This will enable iDebit to receive funds from your player account or other merchant. Starting the debit process is straightforward. Choose the iDebit withdrawal method option from the casino and login to your iDebit account with your e-mail address and password. When the casino has approved your withdrawal instruction, funds will be sent to your iDebit balance. From there you can forward them on to your bank account for a fee, or use the money elsewhere for free.

iDebit fees

A drawback to the service is that it is not free, though not unreasonable. There is no fee to register an account as well as to make a payment from your iDebit balance. An online payment from you online bank will cost you CAD$1.50 per transaction and an online payment from your iDebit balance account back to your online bank will cost you CAD$2. There is no fee to withdraw funds from your online player account (merchant) to your iDebit balance account. Effectively you can avoid withdrawal fees altogether by not moving the funds all the way back to your online bank. You can find a full list of fees on their website. Furthermore, depending on your casino, there may be fees applied by them.

Is iDebit safe to use and legit?

Generally iDebit is a very safe and secure option to facilitate payments online. You won't have to use a credit card, so there is no risk of card fraud. Since you have to confirm each transaction with a unique transaction signing code from your bank security measure, it's also not possible that someone else can make use of this payment on your behalf, unless they have access to your bank security device. The provider of this payment method is also not storing your online banking details and transaction are carried out through secured connections.

Differences between Instadebit and iDebit

There are some differences worth noting between Instadebit and iDebit. For starters, deposits using Instadebit linked to your bank account are slightly higher at C$1.95 compared to C$1.50 with iDebit. iDebit doesn't require you to sign up and create an account for deposits, and transactions are confirmed through your online banking each time. You only need to create a full account if you are going to make a withdrawal/collect a payout. Instadebit requires that you sign up for an account and they set up a direct debit to your bank account. Another difference is that online casinos that accept Instadebit may not necessarily accept iDebit or vice versa.

Summary

iDebit is a payments solution designed to cater for Canadian players who wish to deposit funds from their online bank to their online casino player account. The solution also caters for withdrawals from those same online casino player accounts into your iDebit account or your online bank account. Instructing the payment is fast, simple and safe, as it is secured by your online bank. While fees apply between your online bank and casino player account transaction, there are no withdrawal fees between your online casino and your iDebit balance. The fees are flat and not unreasonable.

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