iDebit at Online Casinos in 2023
iDebit ↱ is an online payments product from the fintech company 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.
The payment method 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$.
Trusted Online Casinos with iDebit
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.
|♣ optimised for mobile play
♣ superb game selection
♣ Games: 3500 ♣ USD accepted: ✓ ♣ English Website: ✓
♣ Casino, Live Casino, Sportsbook, Bingo Rooms
|(T&Cs apply)Up to €400 for 4 deposits. ▼ More Details ▼
Deposit amount: €10 - €24: €10 reward
Deposit amount: €25- €49: €25 reward
Deposit amount: €50 - €99: €50 reward
Deposit amount: €100+: €100 reward
Wagering the deposit amount 20x credits the bonus to the real-money balance.
18+. T&Cs apply. Play Responsibly. LeoSafePlay.com 18+ | Website operator T&Cs apply | Play responsibly.
|♣ Withdrawals processed within a day
♣ interesting games
♣ Games: 1500 ♣ USD accepted: ✓ ♣ English Website: ✓
♣ Casino, Live Casino, Sportsbook
|(T&Cs apply)100% up to $/€100 and other currency equivalents18+ | Website operator T&Cs apply | Play responsibly.|
*Bonuses are tied to T&Cs. Bonuses can change any time.
Table of contents:
How iDebit works
This form of payment is an instant banking method used to transfer money right out from your bank account to the merchant by acting as a go-between. This will cut back on the time it takes to process payments.
You don't need to register an account if you just want to deposit funds from your online bank account into your online casino player account but you will need to setup an iDebit account if you want to withdraw money from your player account.
Pros and Cons of iDebit
|✔||Convenient, real-time and reliable|
|✔||Secured by your online bank|
|✔||Fees, if applicable, are comparatively low|
|✔||Eliminates the need for credit cards|
|✔||US$ and C$ accepted|
|✖||Only available to Canadian players|
|✖||Not all Canadian financial institutions accept iDebit|
|✖||Fee applies to online banking deposits and withdrawals to your bank 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.
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.
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.
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.
Sending money with iDebit is fast, as it will only take a few moments. The transfer is carried out as soon as the bank accepted your payment.
The withdrawal time is subject to the processing time of the casino, as they will check your cashout request first and then process it once validated. This can take a few hours or days, and even longer if your player account hasn't been verified and the casino asks you to send your identity documentation.
Yes, it's possible to withdraw with iDebit, but only if you've previously used it also for the deposit. To be able to receive money you'll also need to register an account with iDebit. Once you've received your casino winnings you can either spend them again through iDebit, or withdraw them to your bank account.
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.
Many online casinos offer players from Canada a welcome bonus on their deposit, and they can also claim this bonus with an iDebit deposit. Some casinos exclude certain payment methods from bonus money, often Neteller and Skrill, so it's best to take a look at the bonus terms to find out if iDebit is also excluded.
iDebit is a payment product from International Solutions Ltd, a company incorporated and regulated by the Malta Financial Services Authority (MFSA).