Instadebit – secure payment option for Canadian online gamblers
Instadebit is an online payment service designed exclusively for Canadian users with a bank account at a Canadian bank. It allows users to fund their online casino accounts directly from their bank accounts. Additionally, users can withdraw any winnings directly to their Instadebit account balance.
One major advantage of using Instadebit is that it keeps personal and financial information secure at all times. The service does not require you to share your information with online casinos. This security feature is particularly beneficial for users who prioritize privacy.
Using Instadebit is simple. Just register for an account, link your Canadian bank to your Instadebit account, and you are ready to go. You can even complete the registration process during your first transaction when making a deposit at your favorite online casino. It’s that easy!
In this article we will explain everything you need to know about this online payment service. We will show you in detail how Instadebit works, how to use it, the advantages and disadvantages of Instadebit, and the costs associated with using their services. Most importantly, we will highlight which online casinos accept Instadebit for transactions and which offer the best Instadebit bonuses and promotions.
Solid Canadian casinos that support Instadebit payments
Not all online casinos accept Instadebit as a payment method. This can make it difficult to find a reliable online casino that allows you to use this payment solution.
To make things easier, we have done some research and compiled a list of the best Instadebit casinos. Check out the table below for an overview of the top Instadebit online casinos available in Canada.
Sign up for a free account at any of these casinos to claim a generous welcome bonus.
What is Instadebit?
Instadebit is a Canadian online payment service that provides a secure way to handle transactions with online casinos and other online merchants. It helps users keep their personal and financial information private. However, Instadebit is not an e-wallet. You cannot deposit funds directly into your Instadebit account from your bank account. Instead, you use Instadebit to make payments directly from your bank account to your online casino.
When you win money at an online casino, the casino can deposit your winnings into your Instadebit account. From there, you can either use the funds to pay at other online casinos or withdraw the money to your personal bank account. Essentially, Instadebit acts as a middleman between your online casino and your bank account, facilitating the transfer of funds between the two.
All online casinos featured in this article accept payments via Instadebit for Canadian players. The service is becoming increasingly popular among Canadian users, which piqued our interest at BestBettingCasinos.com. We found that Instadebit’s ability to connect users directly with their personal bank accounts, without unnecessary hassles, makes it an excellent choice for Canadian players.
Instadebit only charges fees for certain transactions. Specifically, you will incur charges when transferring money from your personal bank account to an online casino or withdrawing funds from your Instadebit account back to your bank account. Transactions from an Instadebit account to an online casino are free.
Instadebit allows you to keep funds in your Instadebit account for up to 28 consecutive days. While there is no fee for transactions from Instadebit to an online casino, there is a fee of C$1.95 for each deposit made from your bank account and C$2 for each withdrawal from your Instadebit account to your bank account. These fees are relatively low for the level of security and reliability that Instadebit offers.
Advantages of using Instadebit for online casino payments
Instadebit is a Canadian online payment service that provides a secure method for handling transactions with online casinos and other online merchants. It helps users maintain privacy for their personal and financial information. However, Instadebit is not an e-wallet. You cannot deposit funds directly into your Instadebit account from your bank account. Instead, you use Instadebit to make payments directly from your bank account to your online casino.
When you win money at an online casino, the casino can deposit your winnings into your Instadebit account. From there, you can either use the funds to make payments at other online casinos or withdraw the money to your personal bank account. In essence, Instadebit serves as an intermediary between your online casino and your bank account, facilitating the transfer of funds between them.
We found that Instadebit’s direct connection to personal bank accounts, without unnecessary complications, makes it an excellent choice for Canadian players.
Instadebit only charges fees for specific transactions. There are fees for transferring money from your personal bank account to an online casino and for withdrawing funds from your Instadebit account back to your bank account. Transactions from Instadebit to an online casino are free of charge.
Instadebit allows you to hold funds in your Instadebit account for up to 28 consecutive days. While there is no fee for transactions from Instadebit to an online casino, there is a C$1.95 fee for each deposit made from your bank account and a C$2 fee for each withdrawal from your Instadebit account to your bank account. These fees are relatively low considering the level of security and reliability that Instadebit provides.
- Safe and reliable payment transaction
- Keep your personal and financial information to yourself
- Low transaction fees
- Instant deposits to your favourite online casinos
- Make quick withdrawals to your Instadebit account
- Great customer support
- Online Instadebit account to manage your transactions online
- Widely accepted by most online casinos worldwide
- Claim generous bonuses and promotions.
Recommended Instadebit casinos in Canada – our top 10 selection
At BestBettingCasinos.com, our dedicated team has worked hard to find the best bonuses and promotions from online casinos that accept Instadebit as a payment method. Using Instadebit to fund your deposits and cash out your winnings is a great advantage. However, we know that the real focus for you is finding the best bonuses and promotions.
We have carefully selected a list of top Instadebit casinos that offer generous bonuses and promotions. In this review, we will look at some of these excellent online casinos and explore the special offers they provide when you use Instadebit.
Be sure to use the links provided to access these online casinos and claim the exclusive bonuses we’ve arranged for you. If you visit the casino websites directly, you might miss out on these special deals that we have secured specifically for you, our Canadian visitors.
Now, here is the list of recommended Instadebit casinos our team could find for you!
Making a deposit using Instadebit
Let’s walk through how to make a deposit with Instadebit. First, you need to set up your Instadebit account. You can do this either before making your first deposit or while making the payment, as Instadebit offers a quick and easy registration process. To get started, sign up on the Instadebit website and fill in the required details. Choose the bank you want to use with your Instadebit account and complete the registration.
Once your Instadebit account is set up, go to your online casino and log in to your account. Select the option to make a deposit and choose Instadebit as your payment method. Enter the amount you wish to deposit and you will be redirected to the Instadebit login screen.
Log in to your Instadebit account using your email and password. Confirm the transaction and select the bank account from which you want to withdraw the funds. Complete the deposit process. Instadebit deposits are typically processed instantly, so the funds should appear in your casino account within minutes, if not seconds.
Congratulations! You have successfully made a deposit using Instadebit.
To sum it up for you, if you want to use Instadebit to make a deposit you have to complete the following steps:
- Set up your Instadebit account (or do this during your first payment);
- Sign in to your online casino account;
- Choose to make a deposit and select Instadebit as the payment method;
- Sign in to your Instadebit account with your email and password;
- Confirm the amount for the deposit;
- Choose the bank you wish to use for the deposit (funds will be taken out of your bank directly);
- Complete the transaction in the Instadebit account;
- Check the balance of your online casino;
- You are ready to go!;
Well, that was it! You have now successfully made a deposit using Instadebit as the online payment provider and you are ready to experience all the excitement of online gambling. As said before, all your deposits made with Instadebit are instant and should be in your online casino’s balance immediately after you completed the transaction. Make sure you check to see that the funds are added to your accounts balance successfully. Now you are ready to claim all the bonuses and promotions available on this page!
Making a withdrawal using Instadebit
If you’re finished playing at your favorite online casino you can easily use Instadebit to cash out your winnings. The process is just as quick and straightforward as making a deposit. Here’s how it works:
First, log in to your online casino account and navigate to the withdrawal section. Select Instadebit as your payment method for the withdrawal and enter the amount you wish to cash out.
Next, sign in to your Instadebit account using your email and password. The funds will be deposited into your Instadebit account, not directly into your personal bank account. Complete the transaction within your Instadebit account, and you’re done.
Once the online casino has successfully transferred the funds to your Instadebit account, you will receive an email notification from Instadebit. You can then log in to your Instadebit account and transfer the funds to your personal bank account.
After completing this transfer, you will get another email from Instadebit confirming that the money has been deposited into your bank account. Alternatively, you can choose to leave the funds in your Instadebit account for future use. Just remember that funds can only remain in your Instadebit account for a maximum of 28 consecutive days.
To recap:
- Sign in to your online casino account and choose to make a withdrawal;
- Select the Instadebit as the payment provider;
- Choose the amount to cash out;
- Sign in to your Instadebit account with your details;
- Confirm the amount you want to withdraw;
- Complete the transaction in the Instadebit account;
- Wait for the email by Instadebit;
- Check your instadebit account balance;
- Choose to leave the funds in your Instadebit account or to send it to your bank account;
- If send to your personal bank account wait for second confirmation email by Instadebit;
- The withdrawal transaction is now successfully completed;
That was it, you have now successfully made a withdrawal using Instadebit as the online payment provider and you can spend your winnings at will. Withdrawals made with Instadebit are not instant and usually take 1 to 3 working days to process (depending on your online casino and your personal bank). Make sure you check to see that the funds are added to your accounts balance successfully when you have received the email by Instadebit.
What does it cost to use Instadebit?
Now that we have covered most details of using the services of Instadebit, it is time to check out what the costs for their services are. Using Instadebit for your financial transactions isn’t completely free. Let’s have a good look at their costs.
Signing up for an Instadebit account is completely free, which is a great start. However, there are some fees to be aware of. Instadebit charges C$1.95 for payments made directly from your bank account to an online casino. Additionally, there is a C$2 fee for each withdrawal from your Instadebit account to your personal bank account.
One positive aspect is that Instadebit does not charge fees for transactions between your Instadebit account and an online casino, nor for withdrawals made from an online casino to your Instadebit account. However, since Instadebit is not a typical e-wallet, you cannot transfer money directly from your personal bank account to your Instadebit account. This means that your first deposit with Instadebit will always incur a C$1.95 fee.
Once you have successfully cashed out your winnings to your Instadebit account, you can use those funds to make deposits without incurring additional charges. The only limitation is that you cannot hold funds in your Instadebit account for more than 28 consecutive days.
Let’s sum up these costs for you quickly:
- C$1.95 for all transactions from your personal bank account directly to an online casino
- C$2 for all withdrawals from your Instadebit account to your personal bank account
So, besides the withdrawal costs from Instadebit to your personal bank account and payments directly from your personal bank account, Instadebit is free of charge. It does take some puzzling with your funds to avoid these fees but it can be done!
Disadvantages of Instadebit
Instadebit offers many advantages and benefits, but there are also some drawbacks to consider. Here are a few of the disadvantages associated with their service:
First, Instadebit is only available to Canadian customers. To use Instadebit, you must have a bank account with one of the participating Canadian banks. Although many Canadian banks do support Instadebit, not all of them do, so you’ll need to check if your bank is compatible. Additionally, you can only link one bank account to your Instadebit account. If you have multiple bank accounts, you’ll need to choose which one to use for funding your online casino account.
Another drawback is that Instadebit is not an anonymous service. The registration process requires you to provide detailed personal information and documentation, which might be a significant disadvantage for users who value privacy.
Instadebit is not an e-wallet, meaning you cannot deposit funds directly into your Instadebit account from your bank account. Instead, Instadebit acts as an intermediary for transactions between your bank account and the online casino. This means you cannot load money into your Instadebit account first and then use those funds for payments. Moreover, Instadebit charges fees for direct payments from your bank account to your online casino. There is also a fee for withdrawing funds from your Instadebit account to your personal bank account. Combined with the 28-day limit on holding funds in your Instadebit account, these factors can make using their services less cost-effective.
Additionally, Instadebit is primarily used by Canadians, so not all online casinos offer this payment method. While the number of casinos accepting Instadebit is growing, it is still relatively limited. Lastly, Instadebit only supports transactions in CAD, EUR, GBP, and USD.
To summarize, here are the main disadvantages of Instadebit:
- For Canadians only;
- Not all Canadian Banks work with Instadebit;
- Instadebit account is linked to 1 bank account max;
- Not anonymous (requires full detailed registration and documentation);
- Instadebit is not an e-wallet;
- Fees for transactions directly from your bank account to an online casino;
- Fees for withdrawing funds from your Instadebit account;
- 28 day max of keeping funds in Instadebit account;
- Not all casinos accept Instadebit payments;
- Instadebit accepts transactions in CAD, EUR, GBP, USD only;
Conclusion
After reviewing all aspects of Instadebit in today’s article, there are several key points to consider if you’re thinking about using Instadebit for your online casino transactions.
Instadebit is a highly secure and reliable service with excellent integration for handling transactions. It allows users to quickly and safely transfer funds between their personal bank accounts and online casino accounts. Additionally, their customer service is exceptional—helpful, professional, and responsive.
However, there are some limitations. Instadebit is only available to Canadian players who have an account with one of the participating banks. The service charges fees for transactions directly from your bank account and for withdrawing funds back to your personal bank account. These fees are unavoidable since Instadebit is not an e-wallet, and there is a 28-day limit on holding funds in your Instadebit account.
Moreover, because Instadebit is a Canadian service, not all online casinos accept it. While the number of casinos offering Instadebit is growing, it is still somewhat limited.
Despite these drawbacks, if you are a Canadian with an eligible bank account, Instadebit is a comprehensive payment service with many benefits. Therefore, we recommend Instadebit to our Canadian visitors who meet the criteria for using this service.
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