Making a payment with iDebit – Step by step
One of the advantages of using iDebit online casinos over other payment methods, such as Interac casinos, is that you don’t even need to register an account. However, below we’ll also detail how to open an iDebit Casino Canada account and as well as detailing how to make a deposit.
Step 1: Creating Your iDebit Account
Although you can make a deposit at iDebit casinos without actually registering an iDebit account, it’s wise to create one, especially if you plan on using iDebit online casinos frequently. And what’s more, creating an iDebit Canada gambling account is a simple and straightforward process.
To register your iDebit account, you can either head directly to the website, or opt to sign up while making your first payment at one of the sites on our iDebit Casino list here at MyBet.com. Click the sign-up button and complete the online form, which largely consists of entering your bank details.
Step 2: Verifying Your Identity
How iDebit works is that it lets you share your bank details only with iDebit rather than the iDebit Casino Canada site your funding. Therefore, the authentication process is done by entering your bank details correctly, including your security question and any other security measures your bank has in place. This keeps your data private without you having to go through the hassle of creating a new bank account or ewallet.
Step 3: Making Withdrawals and Deposits
- Head to the banking tab of your chosen iDebit Canada Gambling site and select Deposit’
- Select iDebit as the payment method and enter the amount you wish to deposit
- Then, you’ll be given the choice between signing in or registering as a guest
- Once you’ve signed in or decided to proceed as a guest, you’ll then have to enter your bank details & security information
- Approve the payment via your baking app if needed and it should be processed within a matter of seconds
Withdrawing from iDebit casinos is pretty much as straightforward as the deposit steps above. However, the one key difference is that you have to register your account to withdraw – you can’t do it as a guest.
Average time of iDebit for deposits and payouts
The main selling point of iDebit casino Canada payments is the fact they offer security while using your existing bank account, however, the processing times aren’t too bad either. The good news is that deposits are generally processed almost instantly from the moment you approve the payments via your bank account. Deposits on the other hand are a little slower, and can take upto 5 business days. This is because the withdrawal has to be approved by your bank. However, depending on the method used and your bank, the withdrawal processing time could be quicker than this – 5 business days in the maximum. However, if you’re looking for a payment method that offers fast withdrawal processing times, then check our list of casinos that accept Neteller and our list of best Neosurf casinos.
iDebit verification requirements
We’ve already touched on this issue above, but ID verification with iDebit online casinos is fairly straightforward and is done via your bank. This means simply entering your bank details correctly and completing the two-factor authentication process that your bank has in place – such as login, password and security questions. iDebit offers security as well as quick and easy verification, no photo ID and documents are required, unlike with MuchBetter Casinos Canada and casinos that accept Instadebit. Additionally, you may also sometimes have to approve your payments via your bank via the app or using a One Time Passcode (OTP).
The history of iDebit
iDebit is an online transaction processing tool that started operating in 2018. To date, it is still only operational here in Canada and with certain Candian banks from across the country. Rather than being an ewallet or a bank account of sorts, iDebit is just a payment processor that allows you to pay with your own bank details without disclosing your data and your banking information to the actual iDebit casinos you are using. This, therefore, is more secure and keeps your data and banking info private – ultimately protecting you from fraud.
Since its inception, iDebit has seen rapid growth, with expansion into other countries seemingly on the very near horizon. Although there are similar services to iDebit, including Instadebit and electronic cheque payments, iDebit has the edge over the competition thanks to its quicker processing times. While other such transaction processors usually take upto 48 hours to process payments, iDebit processes deposits instantly. However, this isn’t the case when it comes to withdrawals as they can still take upto 5 business days, especially when withdrawing from sportsbooks or iDebit online casinos. iDebit has become a popular payment method in the online casino industry thanks to the security and privacy it offers. Today, most of the most popular online casinos in Canada accept iDebit payments. You can find our iDebit casino list right here at MyBet.com.
iDebit to other providers compared
As mentioned in the above section of this iDebit Casino Canada Review, the service that iDebit offers isn’t completely unique. In fact, Instadebit is a much more established and longer-standing form of secure online payment that’s available in Canada today. However, where iDebit has the edge over all of their competitors is in their processing times. While most similar payment services take between 24-48 hours to process payments, iDebit does so in a matter of minutes, or even seconds.
Where iDebit could still improve, however, is when it comes to withdrawal times from iDebit Casinos. Withdrawals can still take up to 5 business days with iDebit. This is a hard area for any such payment processing tools to improve upon however, as the withdrawal approval and processing times are largely influenced by the banks and the iDebit online casinos, putting it out of iDebit’s hands. That being said, iDebit’s selling point is security and privacy while using your own checking or savings bank account. Those looking for fast withdrawals should use an ewallet, such as Neteller or Skrill.
Most popular payment methods
Despite being in its relative infancy compared to competitors, iDebit is a hugely proper payment method here in Canada. But is depositing in iDebit casinos 100% safe, secure & legit. We’re here to reassure you and put your mind at ease to answer these questions. The whole point of iDebit is security and privacy while using your own bank account – and we’re happy to say it passes our test & does exactly what it says on the tin.
Are there any fees with iDebit?
There are some transaction fees that you’ll need to consider when using iDebit to fund your casino account. However, the good news is that it’s easy to avoid paying a lot of money in fees. It doesn’t matter how much volume you move, the flat rate for transferring from your online banking account to your iDebit account is fixed at CA$1.50. Therefore, if you’re able to plan ahead and move a larger volume of money in advance for the future payments you plan on making with iDebit, you can then avoid paying this CA$1.50 more often than you feel you’d ideally like to.
How do I withdraw funds from my iDebit account?
You can withdraw your available balance funds from your iDebit account for free anytime you like by logging into your account and selecting “Withdraw”. The downside here is that this process can take upto 5 business days. This also means that withdrawals made from an iDebit Casino Canada will first go into your iDebit account, after which you’ll need to withdraw them from your iDebit account.
Do I need to deposit and withdraw from the same account?
With most online casinos in general, you’re required to make your withdrawals using the same account and payment method you used to make your deposit. Of course, you can use a different account or payment methods, however, this is usually very difficult and requires proving the reason why – i.e account closure. so if you deposit using iDebit, you’ll usually have to withdraw using iDebit. However, with iDebit you can add multiple bank accounts, meaning you could effectively deposit with one account and withdraw with another.
Can I get an iDebit bonus?
Some casinos that label themselves “iDebit Casinos” will offer bonuses that are seemingly exclusive to users making iDebit deposits. However you will usually find a similar bonus is available to players using a different deposit method, it just might be branded differently. However, iDebit is never a payment method that’s excluded from bonuses, unlike Neteller and Skrill.
Does iDebit offer customer service?
Yes, they do indeed and it’s up to a pretty high standard and works very efficiently. There’s live support, email and a phone line as well as FAQs and a demo to get you started. In the unlikely event that you run into any problems with iDebit, we strongly recommend getting in touch with the customer service team – if the FAQs can’t help you first.
Overall, if you’re looking to fund your casino account in a secure and private way with your own bank account, then iDebit is the best payment method option for you for the following 3 reasons. Firstly, because they don’t sell your data or details, meaning it’s 100% private. Secondly, because they process deposits instantly – unlike their competitors. And lastly, because they’ve got an excellent customer service team to form part of their strong and trusted brand.
iDebit Casinos FAQ
iDebit is a tool that allows you to make private & secure payments into online casinos or other merchants using your own bank account. They are a Canadian company and at the moment are exclusively available to Canadian customers. Here at MyBet.com, our experts have tested MyBet and put them through the paces to see if this payment method truly is 100%.
The aim of iDebit is to provide you with a way of funding your online casino account in a way that’s private, safe and secure. But have they truly managed to achieve this? You can find out the answer to this question and more in the iDebit Review right here at MyBet.
So the names might be similar, but are iDebit and Instadebit the same thing. They are two separate companies and two entirely separate entities, but they are both payment methods. To see you the two payment methods differ, you can check out the expert tests reviews of both iDebit and Instadebit here at MyBet.