This is our guide to the best InstaDebit Online Casinos 2020. Here you can view and select from the best InstaDebit Casino Sites Canada.
Last Updated on September 14, 2023 by Dave Hall
Welcome to our guide to the best InstaDebit online casinos. The popular online payment processor exclusive to Canada. Here you will find the top casino sites that accept InstaDebit as a deposit and withdraw method for your online casino account.
Please note that InstaDebit is only available to Canada. However, you likely would not be on this page if you were not in Canada anyway. Therefore, if you do happen to reside in a country other than Canada, please view other payment methods that would suit your country from the Cashier section above.
What is InstaDebit?
InstaDebit is an online payment processor that connects your bank account to your online InstaDebit e-wallet. It is a safe and secure method of transferring funds and making payments direct from your bank account to an online merchant that you wish to pay. Creating an account is completely free, is exclusive to Canada, and is a very popular and quick method to fund an online casino account.
It is not to be confused as a Canadian equivalent to PayPal. With InstaDebit you can only pay merchants directly. You cannot send money to friends and family through InstaDebit . Other than this, it works the same way. You simply choose InstaDebit from the merchants available payment options, enter your login information, and proceed to pay. The funds will be sent to the merchant instantly, and removed from your bank account within 3 business days.
InstaDebit online casinos make it very easy and convenient for Canadians to enjoy their online gaming in a fast and efficient way. It offers instant funding and is a safe and secure method to keep peace of mind.
How does InstaDebit work?
As previously mentioned, InstaDebit works sending the funds to the merchant you are dealing with and then debiting your bank account. When you create your free account with InstaDebit , you will enter your bank account information. InstaDebit will then send a small amount of less than $2 CAD within 3-5 business days. You will then need to check your bank account, login to your InstaDebit account, and verify this amount to confirm your banking information. You will then be verified and can send payments to merchants instantly.
When online casinos accept InstaDebit as a banking method, it makes life very easy for Canadian casino players. Your funds will be deposited into your casino account instantly, so you can play without waiting. And when you win, you can withdraw and the winnings will be sent to your InstaDebit account quickly. Providing of course that the casino offers InstaDebit as a withdrawal method. Often this is the case, but if not, you can withdraw direct to your bank account. After all, this guide is mostly about depositing via InstaDebit.
If you can withdraw from your casino account via InstaDebit, then your winnings will be sent to your InstaDebit e-wallet usually within 1 business day. The funds can stay in your online account until you are ready to withdraw to your bank account and this takes 3-5 business days to reach your bank. Unless of course you wish to deposit into another casino or pay a merchant using these funds. It will basically act as an online wallet until you decide what to do with your funds.
Countries that can use InstaDebit to fund a Casino Account
Currently Canada is the only country that can use InstaDebit to fund an online casino account. Even though you can set up your InstaDebit account in both CAD and USD currency, it is only available for Canadians to use as a payment method.
When you sign up for your free account, you need to be a Canadian resident with a bank account at a Canadian financial institution. To use InstaDebit, you must be at least 18 years of age. You will need to provide your date of birth and your Social Insurance Number (SIN). This is to to confirm your identity and protect your online payments.
Each time you login to send a payment, you will most often be asked to provide the last 3 digits of your SIN to confirm your identity. This is a good step as it keeps your account secure.
Benefits of using InstaDebit for Online Gambling
The biggest benefit of all is that funds are deposited instantly into your casino account. There is nothing to do other than choose InstaDebit from the Cashier list, select the amount you wish to deposit, enter your login info, and you are good to go and play your favourite games. Just make sure that you have the funds available in your bank account, otherwise your InstaDebit account will become blocked until you repay the amount.
Anyone that has experience using PayPal to send a payment online from their bank account will understand the ease of the transaction. This is because the process is very similar. When a player from Canada will play at one of these InstaDebit online casinos and use this option, they will realise the simplicity of using this method to deposit.
Disadvantages of using InstaDebit
There are very few disadvantages when using InstaDebit as your chosen cashier option in the online casino. After all, the deposits are instant and available to play with immediately. Although this does not bother us, one qualm that some may have is the withdrawals. Although the withdrawals from the casino are often sent to your InstaDebit account within 1 business day, it can then take 3-5 business days to reach your bank account from there.
However to us, InstaDebit online casinos are considered among our fastest payout casinos online because of the speed in which the transaction is concluded. Overall, we do not see much of a disadvantage of using InstaDebit. The fact that it is only available to Canada perhaps. However, this guide is focused on the legitimacy of the processor itself.
Are there any fees using InstaDebit?
Signing up for an InstaDebit account is completely free. However, you are liable for a fee of $1.95 CAD per transaction, regardless of amount sent. Because of this, it is advisable to deposit the overall amount you wish to play with. For example, if you wish to play with $200, then send the full amount up front as opposed to paying $50 at a time. Because if you send 4 x $50 transactions, you will be charged $1.95 four times.
Other than sending payments, there is a fee of $2.00 to withdraw funds from your wallet to your bank account. There are currently no fees to store money in your InstaDebit account.
Is InstaDebit Safe, Secure?
Very much so. InstaDebit has become one of the most secure processors online. It may be because they do not have the whole planet to handle unlike other processors. But in fairness, even though they only support Canada, we have discovered through many transactions that they are full safe and secure.
InstaDebit offers 128 bit encryption and accounts are monitored 24/7. This keeps their customers information secure and in turn keeps peace of mind for us the players. When viewing our InstaDebit casino list, you can be assured of the most secure transactions.
If you have any InstaDebit problems then you can contact them through email at: support[at]instadebit.com, and toll free phone number 1-877-88DEBIT. They are available 24/7 to help with any issues you may have. They are also available via Live Chat upon logging in to your account. Support is also very responsive.
It is clear that InstaDebit is a safe method to use when depositing into your casino account with utmost security. They fully deserve a place among the best casino banking options online. The unfortunate downside is that it is only available to Canadian players. However, our review is focusing on the payment method itself and what it means to casino players wishing to use InstaDebit.
If you reside in Canada, then we fully recommend using InstaDebit to fund your online casino account. There are many pros and very few cons.
We hope our list of InstaDebit online casinos has helped you decide on where to play if you like using this payment method. Most importantly, have fun!
About the Author
Dave is a gambling enthusiast who boasts of two decades of experience. His writings not only unravel the intricacies of online casino games but also explore the psychology behind betting. Dave's commitment to responsible gambling shines through, making every wager a mindful choice for players seeking a thrilling yet balanced gaming experience.