INSTADEBIT is a web wallet service (also called e-Wallet) designed for fast and simple online payments. It is popular with online casino players as a safe way to fund their casino accounts and play their favourite real money slots and table games – find out which sites support Instadebit in this article.
Online casinos Instadebit deposit option
What is Instadebit?
Instadebit is a Canadian online payment option offered at Internet merchants and online casino websites, classified as an electronic web wallet (e-Wallet). Instadebit lets users process payments securely to their preferred casino site, directly from their registered bank account. They can also use it to withdraw winnings from an online casino, which can then be transferred from your Instadebit account back into your linked bank account.
Instadebit is processed similarly to electronic checks. When you deposit with the service, the amount of your fund transfer is requested from your bank, similar to a paper cheque. Once verified and authorised, the deposit is then transferred from your bank account, into your Instadebit, and then to the merchant or online casino website in question.
Instadebit is currently only available for residents of Canada (read our Canadian player’s guide for more information on laws and available casino sites) with a bank account at a Canadian financial institution. You also have to be 18 years old or older (the legal gambling age) and will need to provide basic identification details (address, date of birth, name, etc) and some Social Insurance Number (SIN) details in order to open up an account and use it for transactions on the World Wide Web.
Which online casinos support Instadebit as a deposit option?
Currently, a small number of top-rated online and mobile casino websites support Instadebit as a deposit option.
We will update this section whenever it is added as a deposit and withdrawal option at our recommended real money casino sites.
Why use Instadebit to deposit at online casino websites?
Instadebit is a highly recommended choice for players from Canada who might want additional privacy when funding their real money online betting activities. It keeps your personal bank account details private from the merchant (and, in our case, the online casino), effectively acting as a middleman.
While all licensed Internet casinos we recommend on this site employ the highest standards of security (ID verification, 128-bit SSL digital encryption technology) it is sometimes nice to have additional peace of mind, and Instadebit is one such available avenue for that type of player.
Instadebit as a service works securely and swiftly with online casinos, and supports CAD and USD currency. Currency conversions for your deposits are processed at the exchange rates at the time if your transaction, and include a small fee.
How to deposit and withdraw at online casinos with Instadebit
Canadian online casino players first need to open up a Balance Account with Instadebit on their official website. It’s free to sign-up and create your account, but you need a few days to verify the bank account you choose to link with your Instadebit account. There is a $2.00 CAD charge to withdraw funds from your Instadebit Balance Account to the bank account you choose to link with your Instadebit account, so be aware of this small fee when withdrawing any casino winnings.
To use Instadebit as a deposit option at an online casino, visit their banking or cashier section (either on your computer or mobile device) and select Instadebit from the list of options. It is usually fully integrated into the banking screen at online casinos it is supported, so simply type in the amount of funds you wish to deposit into your casino account using Instadebit, login to your Instadebit account, and process the deposit.
To use Instadebit as a withdrawal option to transfer your casino winnings back into your personal accounts, the process is the same – visit the banking or cashier section and select Instadebit from the list of withdraw funds options. Input the amount you wish to transfer, and process the withdrawal. According to their official website, funds take approximately 3-5 business days to clear through the banking network and appear in your linked bank account.