Page updated on 19.07.2019

Instadebit Payments for Online Casino Deposits and Withdrawals

InstadebitInstadebit is a type of bank transfer payment method which allows you to make payments directly out of your Canadian bank account. The company that offers Instadebit is Instadebit International Solutions Ltd and has 10 years of experience. they are available in 32 countries with offices in Malta and Toronto. A new product of theirs is iDebit, which allows you to make payments through your online banking without having to sign up. Since this is not an e-wallet, this eliminates the need to top up, while enjoying the benefit of being able to make instantaneous payment. You can access them online or through mobile in a safe and secure environment and spend your money without having to share banking details. Canadian players must confirm their identity by verifying their birthdate and the last four digits of their social insurance number (SIN). Furthermore, privacy and transactions are scrutinised with set security certificates, identity verification and 128-bit encryption. Instadebit supports USD and CAD accounts.

Pros:

  • no account activation or approval is needed
  • no need to share your bank details with merchants
  • security includes identity verification, security certification and 128-bit encrypted data transmission
  • allow refunds and withdrawals
  • lets you view your transaction history
  • supports CAD and USD accounts

Cons:

  • only available to players with a Canadian bank account
  • fees apply to transfers

Online Casinos with Instadebit Payments

Find here our top picks for casinos that accept Instadebit as a payment method. All these casinos have a good reputation with the players, and are fully licensed by reputable jurisdictions.

Casino Rating Highlights Links
Cashmio 9.4/10 ✓ Daily missions and tournaments
✓ reliable casino operator
✓ over 1,500 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 Instadebit works?

Instadebit is not that much different from making an online check payment. In order to use it at a participating merchant, you will need to select it as your payment method, log in to your Instadebit account and approve the transaction. The funds will be withdrawn from your account within two days of the approval of your transaction.

Deposits at casinos with Instadebit

Making an Instadebit deposit into your player account does not take long and is relatively simple to do. Go to the cashier section of your online casino where you will then need to select Instadebit as the deposit method, followed by your account details and the funds should appear instantly in your online player account. The casino may apply a fee at their discretion.

Withdrawals at casinos with Instadebit

Making an Instadebit withdrawal from your player account does not take long and is relatively simple to do. Again, go to the cashier section of your online casino where you will need to select Instadebit as the withdrawal method, followed by your account details and the funds should appear instantly in your bank account. The casino may apply a fee at their discretion. Also remember that you may be required to use the same method of withdrawal that you used to deposit.

Instadebit fees

Creating an Instadebit account is free and there is a CAD $1.95 charge to make a payment from your bank account. There is no charge to make a payment from an Instadebit balance which originates from a merchant's refund. To transfer funds back from your Instadebit balance to your bank account there is a CAD $2 fee. There is also a currency conversion fee applicable if you choose to make a payment in another currency.

Is Instadebit safe for online payments?

Instadebit is a very safe payment method. Transactions are carried out through secured SSL connections, and you need to use your password and login name to carry out the payments. Payments are debited from your bank account, after they are verified by the provider. You also won't have to use credit cards online, which eliminates credit card fraud.

Differences between iDebit and Instadebit

Though iDebit and Instadebit are similar, there still are a few differences worth noting. First, iDebit is a cheaper solution when it comes to making online player deposits from your online bank. (C$1.50 vrs C$1.95) Also, with iDebit there is no need to sign up and create an account to make deposits. A full account is only needed for making withdrawals/receiving payments. This is in contrast to Instadebit which require you to have signed up for an account. iDebit will also not perform automatic direct debits from your bank account like Instadebit does, instead each transaction needs to be confirmed by your online banking. Also remember that casinos that accept one method may not necessarily accept the other.

Summary

Instadebit is a payment provider that facilitates payments to over 32 countries linked to a bank account in Canada. It allows players to make payments to merchants located anywhere in the world - including the online gaming industry. The method is safe, quick and reliable allowing both deposits and withdrawals. Though the service is not free, the fee is arguably a small price to pay for the service.

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