When comparing it to other banking methods like ecoPayz and Paysafecard, iDebit casino payment pretty much tops the chart. Using iDebit for casino transactions is super fast, super easy, super safe and absolutely free.
Want to find out why iDebit/Instadebit is the ideal casino payment method for you?
In our iDebit casino review, we’re going to go over all the important information about the payment method. All online casino players should read up on banking before signing up with any casino. And loads of casino operators offer iDebit payments for Canadian players, because they know just how amazing it is for CA customers.Fast withdrawal speeds, no transaction fees.That’s the aim of the iDebit game.
Want to get started on iDebit Casinos? Check out our recommended casinos right below.
There isn’t much complexity to this payment service that needs to be elaborated on extensively. All you need to know is that iDebit allows its customers to make deposits and pay merchants online as long as they have a bank account. You transfer money from your bank account to your iDebit account via online banking. It basically operates as the ‘middle-man’ between your bank and the company/entity you want to give money to in some way.
Think of it like a wallet, where you put money which you take out from the bank and pay other people with. The only difference is that iDebit is an online wallet, and the money isn’t physical. iDebit casino payments are made super easy like this, because direct bank transactions often come with really long processing windows and steep fees.
iDebit, and Instadebit, do exactly what a credit card would do, but without all the fussing around with registering for the card. Also, credit cards usually come with steep casino transfer rates too. When playing at online casinos with your real money, you want a dependable banking method to get your cash in and out safely and quickly as possible. iDebit casino and Instadebit casino methods are your safe and secure solution to fast payments.
Processing Time and Fees
The key-word when it comes to using iDebit and Instadebit as your money middle-men is ‘instant’. These two payment methods would lose a lot of their value if they didn’t process money from your bank to the merchant as fast as possible, and vice-versa. For the online casinos that use iDebit (like GoWild Casino), both depositing and withdrawal times are instant i.e. it takes less than an hour for money to be transferred between your iDebit account and your casino.
What does take time doesn’t have to do with the casino. It takes time for your money to be processed when withdrawing from your iDebit account to put in your bank account, approximately 5 days. Which can be quite a long time for those of you who’ve won money at your online casino, withdrew it into your account and want to get your hands on it ASAP. But, it’s always less worrying to have to wait for the bank to process your money than an online casino. Mostly because you never know what issues an online casino might come across when processing your money.
Again, when it comes to iDebit casino payments – there are absolutely $0 fees involved in the transactions. No rates apply. However, there are fees in transferring money between iDebit and Instadebit, and your bank account. In order to make a payment via online banking, it’ll cost you $1.50. If you want to transfer money from your iDebit account to your bank, it’ll cost you $2.00. Otherwise, there are no hidden fees.
Is iDebit safe?
Both iDebit and Instadebit are 100% safe and secure. The company behind them complies with the ‘Fair Credit Reporting Act’ and other Treasury regulations. These are regulations which basically make sure you’re not getting scammed out of your money, or getting the short end of the stick in any way. When it comes to other types of security, like making sure your account and personal information don’t get hacked into, iDebit has you covered too.
Their website says that their land-based servers are all located at a state-of-the-art data center which is protected with biometric palm scanners and 24/7 security guards. Digitally, they use bank level security of 128-bit encryption technology which is the tech that online casinos use as well. Safe to say that iDebit follows all the protocols required to make sure your money and info is safe at all times.
What is Instadebit?
iDebit actually came after Instadebit, because Instadebit is more primarily focused on Canada and Canadian customers over any other country. Which is great news for our readers. The younger brother of the two was created so that the company could branch out worldwide (including most European countries) and be used by more online casinos as an accepted payment method.
But Instadebit remains widely recognized and utilized by major Canadian bank institutions and Canadian residents alike. That’s why it’s always a go-to choice for Canadian players looking for reliable payment solutions at online casinos. Instadebit is basically iDebit, so whenever you see either on a casino’s page – that means it’s available for Canadian players too.
Registering for an iDebit casino account
Registering for an account is incredibly easy and smooth, unlike applying for a credit card, for example. For one thing, you don’t even need a credit card when applying for an account.
To initiate the sign-up process, enter their website and click ‘Sign Up’ at the top right corner of the page. You’ll be asked to provide certain essential details about yourself, like name, address, the last 4 digits of your social security number, date of birth and bank account information. This is all completely standard procedure and the norm for any online wallet service. Once you’ve done that, your account will be processed, opened if everything is ok, and you can start transferring money from your bank account to your iDebit account.
Check the list of banks below in order to ensure that your own bank accepts iDebit payments. This is important, so that making transactions in the future is a straightforward process that takes as little waiting time as possible.
Depositing and Withdrawing with iDebit Casino
For any online casino, you’ll have a cashier section on the website of the casino where you can deposit and withdraw money. This can be under different names, like ‘Banking’ and ‘Payments’, but they’re all basically the online equivalent of the cashier-desk at a land casino. Here, you can select the ‘iDebit’ or ‘Instadebit’ option, log in using your account details and approve the payment. Easy as that. If you ever run into any problems, all you have to do is use the live chat option that every online casino has. The customer support team will be more than happy to help you out.
Wait a couple of minutes until the transaction has gone through, and everything will be over. Quick, simple, safe. Just remember, often times the method you choose for deposits is the same one you’ll use for withdrawals. But, given how easy iDebit and Instadebit are to use, this is more of an advantage than anything else.
iDebit Supported Banks
iDebit and Instadebit are recognized officially the world over. However, given the origins of Instadebit, it’s of little wonder that it is especially catered to in Canada. A number of reputable financial institutions support iDebit and Instadebit, meaning they also support the instant payment that the banking method is known for. You’re likely already familiar with these banks, as they are some of the biggest in the country.
As you can observe from the list first-hand, irregardless of your region or where you live, you can take full advantage of iDebit banking. The number of banks which support iDebit and Instadebit ensure that the majority of Canadians can, in some way, sign up for it and utilize it with their bank account. Once you’ve withdrawn your money from your casino account, it is then up to one of these financial establishments to process that money. In order to ensure that everything is above board, as already mentioned, it might take a while to do this. However, as soon as the bank has successfully processed the transaction, you are free to do what you want with the money.
Although iDebit and Instadebit are widely used in Canada, and catching on in Europe, not all online casinos accept depositing and withdrawing with this method. Of course, you can always use alternatives like credit cards in these situations.
But, if you want to have the ease and security of iDebit at your back, the below recommended casinos all accept iDebit payments.They also cater for fast payments for Canadian players, meaning they will process your withdrawals in less than an hour from your request. To read up on fast paying casinos, check out our detailed article on the subject.
If you want to find out more about what each casino has to offer, feel free to read their individual reviews. The above casinos do not charge transaction fees when using iDebit and Instadebit, and have high withdrawal limits when using these payment methods. They are solid choices for any player who wants to make the most out of iDebit.
Just as there are iDebit casinos, there are iDebit sportsbooks. This is an important distinction, as not all sportsbooks. This is an important distinction, as not all sportsbooks accept iDebit and Instadebit payments (for some reason). So, if you’re a fan of sports betting, these are a few of the casinos that you can use with your iDebit account:
Just as with the iDebit casinos, these sportsbooks allow depositing and withdrawing using iDebit. The transactions are instant, and there are no fees attached. You can transfer money between accounts as you please, and bet on whichever odds you want as well. Again, you can read more about each casino by clicking through to the full review. But, rest assured, our recommended casinos are fully licensed and safe for players.
Just a few advantages
Following the above details, we’ve collected some of the foremost advantages of iDebit payments in just a few points. These are a few of the reasons why many players have turned to iDebit services over the years:
It’s instant: by far, this is the most important aspect of iDebit banking. As long as you have a reputable bank, the entire process shouldn’t take very long.
It’s free: unlike using credit cards, making transactions with iDebit does not come with any hidden costs. It’s completely free of charge.
It’s private: if you’re using the services of one of the above banks, then your personal information is completely safe. It will never be shared with the casino, and remains steadfastly with the bank itself (and only itself).
It’s super Canadian friendly: above and beyond all other payment methods, this is the way to go if you’re Canadian and you’re looking for a great banking option. Compatible with basically everywhere and widely recognized, you’re not going to find any problems.
It’s accepted by major casinos and sportsbooks: you never have to look far for a casino or sportsbook that accepts iDebit or Instadebit. And that makes things that much easier.
These 5 reasons, important reasons, are what make this particular payment method the highlight option for many players. It does all the key things you’d want a banking method to do.
iDebit casino and Instadebit casino payment options are a solid choice for any nationality because of their secure and fast services. We’ve never heard any complaints about these guys that weren’t handled efficiently. But, they’re especially great options for Canadian players because they’ve tailored to their jurisdiction and country laws. Your mind can rest at ease using these payment methods, your hard-earned money isn’t going anywhere.
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