InstaDebit casinos

InstaDebit is an e-wallet type payment method. Registered account holders link their banking details to InstaDebit and use it as a gateway for deposits and withdrawals. This means it works like a security measure between a user’s bank account and that of an online casino.

InstaDebit deals in Canadian and American dollars. All major financial institutions in Canada recognize and accept InstaDebit. This payment method aims to ease deposits and withdrawals at online casinos.

InstaDebit is a Canadian-born payment system. It was introduced in 2004 and was still available to customers outside Canada. But, since 2014, it’s only recognized and accepted by Canadian financial institutions. This system eliminates third party involvement during transactions. It establishes a direct bridge between two relevant banks.

This payment method aims to streamline deposits and withdrawals between online punters and online casinos. Deposits are processed in real-time, while it takes up to five business days to process withdrawals. InstaDebit is secure and protects the personal and financial data of users.

If InstaDebit is used as a relay to perform transactions from your bank, it charges $1.95 CAD per deposit. Withdrawals from InstaDebit to your bank account are charged at $2.00 CAD per transaction.

InstaDebit charges no fees when deposits and withdrawals are made from or to your InstaDebit account alone. If you deal in currencies other than Canadian or American dollars, conversion fees apply to transactions as well.

InstaDebit processes deposits in real-time. This means you can access your deposit and start playing within minutes. Just bear in mind that a bank deposit via InstaDebit takes up to 5 business days to process.

Withdrawals take a bit longer. An online casino takes approximately two days to process a withdrawal. Once it’s approved, your InstaDebit account reflects the fund almost instantly. However, if you choose to transfer funds to your bank account, it takes up to an additional five working days to process the transaction.

InstaDebit offers customer support through live chat, email, and phone contacts. Its customer services are effective and supportive.

InstaDebit doesn’t have an independent mobile app. It simply uses the mobile app platforms of online casinos that accept it as a payment method. You will follow the same access principles as you would with deposits and withdrawals, as detailed above.

InstaDebit is a very secure payment system designed for use over the internet. Although it mainly focuses on online casinos, other internet-based businesses also accept it as a payment method. However, InstaDebit is only available to customers in Canada. This is a pity because it’s such a secure payment option to use when performing online transactions.