INSTADEBiT is a payment services provider, that has been in existence for over 10 years, and is accepted by merchants in 32 countries. Their specialization is in online gaming so they know what players demand, and operate with a number of casino around the world. Having been established in 2004, they are based in Toronto, Canada and offer their service to Canadian residents only, who bank at a Canadian financial institution. This provider allows players to make a funds transfer direct from or to their bank account. Besides being fast, players like them because their information is 128-bit data encrypted and privacy controlled meaning bank details are not shared with merchants.
As we mentioned, INSTADEBiT payments are accepted by merchants in 32 countries and 5 continents. They are one of the most popular methods of online payments in Canada that includes Interac Online and PayPal.
The Best Online Casinos Offering INSTADEBiT Payment Service
We will be ranking the top online casinos that accept INSTADEBiT so we invite you to visit our website and take a look for yourself.
What Differentiates INSTADEBiT Payment Service?
- Banking information is guarded by INSTADEBiT and never shared with the casino. It is also 128-bit encrypted, and your identity is verified with your Social Insurance Number (SIN) and birth date.
- Players can make payments in U.S. as well as Canadian dollars.
- Players can view their transaction history as well as make deposits and withdrawals. (unlike some other payment methods)
Deposit using INSTADEBiT to a Casino
Using INSTADEBiT is easy. You first start off by selecting the INSTADEBIT option at your casino of choice. Select the amount in CAD dollars that you would like to deposit.
Creating an INSTADEBiT Account
To create an account, start off by going to www.instadebit.com and selecting the Login/Sign Up orange button at the top right corner of the page. Click ‘Sign In’ where you will then be taken to the first screen where you must enter your first name, last name, email address, password, confirmation password and postal code. Don’t forget to check the ‘I’m not a robot’ box at the bottom left of the form followed by the ‘Next’ orange button to take you to the second step. In the second step you will be asked for your address as well as the last 4 digits of your S.I.N and date of birth. Once you have filled out this form click on the orange ‘Next’ button. The final step requires providing banking information. Here they will require your 5-digit branch number, 3-digit institution number and up to 12-digit account number. Simply click on ‘Add Account’ to finish. You will receive a confirmation email when done and a small deposit from INSTADEBiT within a few days of registration. To verify that the account is yours, you will need to report the amount credited. Once verified, your transaction limit is increased from $3,000 per 7 days to $5,000 per 7 days.
How to Make a Deposit using INSTADEBiT
A new screen will pop-up from INSTADEBiT which is your login screen. At this point you will log in by entering your email address and password and click on the ‘Log in’ button on the corner of your screen. Make sure you don’t have a popup blocker that may interfere. Another page appears requesting the last 3 digits of your S.I.N. Enter it and click on the orange ‘Log in’ button. This takes you to the Approve Payment screen which includes summary details such as the receiver, the dollar amount of the transfer as well as a $1.95 fee from INSTADEBiT and finally the Account number. Once you have reviewed the details click on the orange ‘Approve’ button. This will immediately transfer the funds into your player account and you should be able to see it in your deposit balance. This process is very easy and takes only a few minutes.
Withdrawals using INSTADEBiT from a Casino
Making a withdrawal from your online casino is as easy as going to the withdrawal section of the online site and selecting INSTADEBiT as the method of withdrawal.
How to make a Withdrawal using INSTADEBiT
Once you select the withdrawal method, a popup window will appear from INSTADEBiT where you will need to log in. This will require your email address and password. Click on the Balance button at the top of the page and select ‘Withdraw’. Decide the amount that you want to withdraw by filling in the amount, followed by clicking on the ‘Process Withdrawal’ button to finish. Withdrawals can take from 3 – 5 days to process and until it is approved you can change your mind and cancel the request.
- Are there any fees when I use this payment method?
INSTADEBiT charges a nominal fee of C$1.95 when making a deposit to an online casino from your bank account. Making a withdrawal from the casino to your account incurs a C$2.00 fee.
- How long do deposits take to arrive into my player account?
Transfers to a casino are instantaneous and you should be able to see the proceeds in your player account after a few seconds.
- Can I use this method to make a withdrawal?
This payment method does facilitate withdrawals from your player account into your account for a nominal fee of C$2.00.
- How long does it take to make a withdrawal?
Instructing a withdrawal is quick and the time it takes to receive the funds in your bank account can range up to 5 working days. Until it is approved, you still have the option of reversing. It.
- How much can I transfer?
INSTADEBiT’s websites states that the maximum transaction that you can make is C$7,000 per week.
- What happens if my currency is not supported by the casino site?
INSTADEBiT supports Canadian and U.S. dollar transactions only so you will need to ensure that your casino accepts this method of deposit/withdrawal.
- There is a 128-bit encryption of all your information and your banking information is never stored at the casino.
- This method is accepted in 32 countries and 5 continents.
- You can easily review your transactions history when logging into your bank account.
- Deposits transfers as well as withdrawals are fast.
- It is only available to players with a Canadian bank account who are residing in the country.
- The service is not free, though there is a nominal charge of only C$1.95 to deposit into a casino and a nominal charge of C$2.00 to withdraw funds to your bank account.
- This payment method requires registration but it is quick and easy to do if you have the required information.
- INSTADEBiT only supports Canadian and US dollars. A conversion fee is applied for the conversion service.
We think that it really is a shame that INSTADEBiT is only available to Canadian residents with domestic accounts as the quick deposit/withdrawals, widespread acceptance and security features make it a winner. True, there are some methods of transfers that are free but they are often limited in scope, such as only usable for deposits, so we can excuse the nominal fees this provider charges.