Making a payment with InstaDebit – Step by step
Step 1: Setting Up your InstaDebit Casino Canada Account
Firstly, you can set up your InstaDebit account either directly on their website or on InstaDebit Casino sites. You can find a top InstaDebit Casino list right here at MyBet.com. To create an InstaDebit account, you’ll need the following information:
- Email address
- The last 4 digits of your SIN
- Banking information: 5-digit bank transit number, your 3-digit financial institution number and your 12-digit bank account number.
Step 2: Verifying Your Identity
Before you can make your first deposit at casinos that accept InstaDebit, you’ll need to have your ID verified in order to open your account. The use of the last 4 digits of your SIN ( as mentioned above), is part of the identity verification process with InstaDebit Casinos. It is worth noting, however, that you will never be asked to reveal your full SIN in an InstaDebit online casino.
The second part of the iDebit identification process, a small deposit of less than $2.00 will be made into your account within 3-5 business days of you registering your InstaDebit account.
Once you receive this deposit, you’ll need to log into your InstaDebit account and click on the Verify Bank Account tab. You’ll then have to enter the small deposit amount that you have received. Once done, your transaction limit for InstaDebit Casinos will be activated. Please note, you only need to complete this phase of the verification process if you wish to have an increased transaction limit.
Step 3: Making a Deposit & Withdrawal
Depositing funds at InstaDebit online casinos is a simple and straightforward process. All you have to do is go to the payment page of the InstaDebit Casino Canada you’re using and select “InstaDebit” as your chosen payment method. Then, enter the amount you wish to pay into your account click on the “Deposit” button. Then enter your email address and InstaDebit password to confirm your deposit.
Withdrawals are also fairly straightforward, once the funds have been deposited into your account by whichever one of our recommended InstaDebit casino sites you’re using, you simply need to then log into your InstaDebit account and click “Withdraw Funds”. Withdrawals with InstaDebit do take 3-5 working days to process. If you’re looking for payment methods with faster withdrawals, take a look into Neteller casino deposit & withdrawals or casinos that accept Skrill.
Average time of InstaDebit for deposits and payouts
Making deposits into casinos that accept InstaDebit can take anywhere between 0 and 2 business days.
InstaDebit verification requirements
In fortunate cases with smoother operators, your deposits may very well be processed on the same day. Withdrawals, on the other hand, can take a little longer, usually between 3 and 5 working days. These processing times exist largely because InstaDebit casinos work with your existing bank account and they are therefore beholden to their process times.
However, the main reason for using an InstaDebit Casino Canada isn’t transaction speed; it’s privacy & security while using your existing bank account. If it’s transaction speed you’re after, then check out MuchBetter online casinos and NeoSurf online casinos. Those of you still interested in safety, privacy and security without the hassle of making an ewallet account, read on to find out our top InstaDebit Casino List.
The history of InstaDebit
InstaDebit is a popular payment method here in Canada that allows users to fund casino, sports betting & gaming accounts from their own bank accounts without sharing their details with the provider. As well as casinos that accept InstaDebit, you’ll also find plenty of online shopping sites that accept the payment method.
Payment methods like InstaDebit have become very popular here in Canada over the last decade or so, andInstaDebit can comfortably claim to be one of the pioneers. Today, InstaDebit is still the most popular and widely used payment method of its type in Canada, however, now there is a lot of competition on the market, most notably iDebit and Interac. Those looking for the best Interac casino, however, may want to consider InstaDebit. In terms of security, InstaDebit is certified by McAfee secure and is currently available on Facebook, PlaySpan, Playdom, World of Tanks & Live Gamer.
InstaDebit to other providers compared
As we’ve already touched upon above, the main advantage of using an InstaDebit Casino Canada is being able to pay with your own account without sharing your details with the merchant. Now you might think that ewallets, such as Neteller or Skrill, offer you the chance to have privacy and security alongside speedier transactions, however, there’s one difference. Using such ewallets requires you to go through the hassle of setting up and funding a whole new account, whereas InstaDebit is merely a go-between with your existing bank account, saving you the issue of holding multiple accounts.
In comparison to other operators that provide a similar service, such as Interac and iDebitInstaDebit is one of the more trusted and longstanding providers. Where they fall short in comparison to their closest and newest competitor, iDebit is in deposit processing times. While Instadebit can take up to 2 business days, iDebit processes deposits within minutes. That being said, both providers have the same withdrawal processing times of 3-5 business days.
Most popular payment methods
So you might be sitting there asking yourself “is Instadebit really 100% safe and secure?” And it’s a perfectly valid question – to which we’re happy to say the answer is yes. Instadebit isn’t Canada’s most trusted and long-standing payment provider of its type for no reason after all! In terms of security, they’re certified by McAfee, a name probably best known to you as being one of the top computer security software companies in the world.
InstaDebit encrypts the transmission of your details when entered by using SSL technology and, additionally, stores all of your information on offline computers. This means that your information isn’t at risk of being accessed by potential online hackers. The overall aim of Instadebit is safety and privacy, so it’d be greatly surprising if they didn’t live up to this, which we’re happy to say they do. The only time your information is shared with third parties is as part of the strict verification process.
Can I pay into casinos that accept InstaDebit with more than one account?
No, unfortunately not, you can only register one bank account with InstaDebit and therefore cannot split payments. It’s therefore advisable to register your main bank account with instant debit to fund your casino account and make any other transactions. You’ll also have to use the same bank account for deposits and withdrawals in an InstaDebit Casino Canada, as changing accounts can be a long and difficult process.
Are there any fees involved in using InstaDebit?
Let’s start off with the news you want to hear, registering your InstaDebit account is completely free and there are no fees incurred for making most payments from your InstaDebit account. The unfortunate exception to this rule is when it comes to paying to InstaDebit Casinos, where there’s a fee of CAD $1.95 per transaction.
Additionally, there’s also a withdrawal fee of CAD $2 for moving funds from InstaDebit into your bank account. What we, therefore, recommend here is pre-planning and funding your account with a large quantity that’s likely to last, as the transaction fee is a flat rate and doesn’t change depending on volume. The same goes for making withdrawals – try to set a large limit before making withdrawals into your bank account.
Is there a limit with InstaDebit?
Yes and no. While your account will initially have a transaction, you can increase it easily and at no extra cost. As we mentioned in the verification segment of our review, you can increase your transaction limit by going through a process that involves receiving a small deposit into your bank account from InstaDebit and verifying the amount.
Is there such a thing as an InstaDebit Casino Bonus?
While there’s no exclusive InstaDebit casino bonus to be found generally, the good news is that InstaDebit isn’t a payment method that’s excluded from casino bonuses. While some ewallet payment methods, such as Neteller or Skrill, are often excluded payment methods from claiming bonuses, that’s never the case with InstaDebit.
Can Canadian customers make payments in US Dollars?
If you wind up using casinos that accept InstaDebit but not CAD, then you can pay in US dollars as a Canadian customer. Once your US dollars transaction has been complete, the converted amount will appear on the receipt page. The transaction will be completed using the exchange rate from that day plus a small risk compensation fee.
And so to wrap things up, InstaDebit is the ideal option for you if you want to use your existing bank account without sharing details with the merchant or InstaDebit Casino Canada. Firstly, your payment details are shared only with InstaDebit and not with the merchant. Second, they store your details offline & use SSL encryption so you’re safe from fraud. And lastly, Instadebit is the oldest and most trusted payment provider of its type in Canada.
InstaDebit Casinos FAQ
InstaDebit is an online payment provider that’s popular here in Canada and elsewhere in the world. You can find out all of the ins and out of how it works right here at MyBet.com. Here, you’ll also find a list of casinos that accept InstaDebit as a comparison of other similar payment methods.
There are many reasons why funding your online casino account with InstaDebit is a good idea. Although there are several other payment providers that now provide a similar service here in Canada, InstaDebit remains one of the oldest and very best. To find out why, consult the InstaDebit Casino Canada Review at MyBet.com, where a team of experts have tested the provider extensively and listed the top reasons why you should use this payment method.
The aim of InstaDebit is to provide Canadian bank account holders with a private way of funding their casino accounts without sharing their bank details with the merchant. In theory, this should mean that InstaDebit is safe & secure. However, to find out if this really is the case, our experts here at MyBet.com have put InstaDebit to the test. Click here to find out the results.
InstaDebit is perhaps best known as a payment method for customers here in Canada who wish to pay merchants or fund online casino and gaming accounts without sharing their details with 3rd parties. To find out if withdrawals are possible, please consult this expert InstaDebit Review at MyBet.com.
InstaDebit payment processing times are known for being fast as well as secure & private. Withdrawal processing times may differ on the other hand. You can find full details of the InstaDebit payout processing times by clicking here. Additionally, you can also see a comparison of how InstaDebit holds up against its competitors.