InstaDebit is an originally Canadian online payment system that was, starting from its launch in April 2003, widely used by both Canadian as well as United States online poker players. Nowadays the system, owned by InstaDebit International Solutions Ltd., is divided in a Canadian branch, still headquartered in Toronto, and the InstaDebit Global branch, with its HQ in Malta. Below you can read all further details about the InstaDebit payment method and find out if the service could be a suitable online casino payment option for you too.
Type of payment: Online banking / E-wallet
The InstaDebit service basically consists of providing a platform that customers can use to make online payments directly from their bank account to the account of an online recipient (web merchant or other internet entrepreneur). The system is available in some 30 countries and thousands of web merchants, internet entrepreneurs and online pay sites accept InstaDebit transactions.
To be able to use InstaDebit customers need to subscribe to the service by opening an InstaDebit account. To sign up some personal identification data needs to be provided, a valid e-mail address and the details of the bank or financial institution that will fund the InstaDebit payments. This free registration process only takes a couple of minutes and the account is, after verifying the e-mail address and validating the funding source, immediately ready for use.
To make an online InstaDebit payment the following procedure is carried out:
To fund the InstaDebit payments either a Fast Bank Transfer is used (with a processing time of 3 up to 5 banking days) or, where available, a Real Time Transfer (processed instantly). The accepted funding sources (banks, e-wallets) available for customers to link their InstaDebit account to, depends on the country they’re residing in.
It’s also possible to receive funds from web merchants on the InstaDebit account. These funds can be used to make new InstaDebit payments online or they can be withdrawn and transferred back to the funding account. It’s however not possible to use InstaDebit as an e-wallet as no money can directly be uploaded from the bank account to the InstaDebit account.
InstaDebit payments are easy to make, carried out instantly, safe and reliable and completely anonymous, as InstaDebit doesn’t disclose any personal (banking) information about the payer to the payee. On top of this the InstaDebit transfers and services are completely free of any service fee charges.
Making a deposit as a registered InstaDebit user in an online casino is done in the same way as any other online payment made with the service. On the cashier page of the casino the depositor needs to enter the amount of money to deposit, opt for InstaDebit as deposit method, login onto the InstaDebit account and subsequently check and confirm the deposit details.
In most cases the deposited amount will be immediately available on the casino account.
Also to withdraw funds from the online casino account InstaDebit can be used (if allowed by the specific casino) and also this is done in the same (but reversed) manner as making a deposit. On the casino’s withdrawal page enter the amount to cash out, choose InstaDebit as the withdrawal method and the requested funds will be transferred from your casino account to the InstaDebit account.
Various advantages of using InstaDebit as online casino banking option can be recognized. InstaDebit payments are:
The disadvantages of InstaDebit as a payment method in online casinos are:
Although InstaDebit in recent years has lost a lot of its popularity under online casino players as a preferred payment method, of course due to emerging new, more modern and more efficient online payment solutions, still there are several online casinos that allow banking using the system. Check out the side bar on this page to find out in which Netent Casinos you can deposit and / or withdraw with InstaDebit.
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