Advantages and disadvantages of INSTADEBIT – More pros than cons
INSTADEBIT casino deposits are instant, which is one of the payment method’s biggest selling points. Once you initiate a deposit and approve the transaction, the deposit will go through instantly if you have enough funds in your INSTADEBIT balance or the associated bank account.
The platform’s high payment security and privacy standards are also big benefits of using INSTADEBIT.
It’s no anonymous cryptocurrency, but it also doesn’t share your personal or banking information with anyone, keeping you private as you bet online.
I also appreciate INSTADEBIT’s low fees. It only charges for two things, and one of them is very avoidable. If you’ve been paying outrageous fees on your online gaming site using other payment methods, it’s time to switch to my recommended INSTADEBIT casino sites.
However, INSTADEBIT’s limited availability outside Canada is easily its biggest disadvantage. While it supports every bank and financial institution in Canada, it’s completely unavailable to prospective users outside the country.
Since it’s only available to Canadians, you’ll also discover that only casinos targeting Canadians offer it as a payment method.
The fact that you can only link one bank account to INSTADEBIT is another disadvantage of the payment method. If you have more than one bank account, you have to choose one of them to use with the platform, which isn’t very convenient.
INSTADEBIT: Pros and Cons
- Instant and secure payments
- High privacy standards
- Low fees
- Easy verification
- Limited to Canadian users only
- Only links to one bank account
Depositing with INSTADEBIT – Easy one-page deposits
INSTADEBIT is one of the simplest ways to pay at an online casino, especially if you already have an account. If you’re creating an INSTADEBIT account for the first time, however, the process is slightly more complex but still easier than most payment methods out there.
Here are the steps I followed to deposit to an INSTADEBIT casino when I first created my account:
- Step 1:
Initiate a deposit request on the online casino and enter the amount you’d like to deposit
- Step 2:
Select INSTADEBIT as your preferred payment method. Sometimes, you’ll only see it represented as three orange parallelograms (slanting squares)
- Step 3:
When the casino redirects you to INSTADEBIT’s checkout page, click on the “New User Checkout” button
- Step 4:
On the following page, fill in all the available fields (first and last names, email, password, and postal code)
- Step 5:
Add your bank account details (for your bank verification and to fund your account)
- Step 6:
Click on the orange “Approve” button on the next page to complete the payment
I didn’t have to manually send funds to my newly created INSTADEBIT account for casino deposits. INSTADEBIT automatically used the funds from my bank account, and the entire transaction was completed in a matter of seconds.
Withdrawing to INSTADEBIT – Quick, seamless withdrawals
Besides being a convenient way to deposit to your favorite online casino, INSTADEBIT is also excellent for withdrawals, allowing users to accept funds from casinos. When you withdraw to INSTADEBIT, you can use the funds to pay at other INSTADEBIT casino sites or transfer it to your bank account.
Here’s how I withdrew funds from an online casino to INSTADEBIT, and subsequently to my bank account:
- Step 1:
Log in to your online casino with INSTADEBIT
- Step 2:
Initiate a withdrawal request (differs from casino to casino)
- Step 3:
Select INSTADEBIT as your withdrawal method
- Step 4:
Enter the amount you want to withdraw and confirm the transaction
Your casino will deposit the funds to your INSTADEBIT balance. However, there’s usually a delay between the time you initiate the withdrawal request and when the funds appear on your INSTADEBIT balance. Some online casinos also require you to have deposited using INSTADEBIT to be able to select it as a withdrawal method.
If you want to send the funds from your INSTADEBIT balance to your bank account, here are the steps to follow:
- Step 1:
Log in to your INSTADEBIT account through the official website
- Step 2:
Click on the “Withdraw Funds” button at the top right
- Step 3:
Select the currency balance you want to withdraw from (INSTADEBIT supports US and Canadian dollars)
- Step 4:
Enter the amount you wish to withdraw
- Step 5:
Click on “Approve”
INSTADEBIT will send the indicated amount to the bank associated with your account within three to five days. The payment solution also charges a $2 fee for each withdrawal and will automatically convert your funds to Canadian dollars if you’re withdrawing from a US dollar balance.
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Verification process for INSTADEBIT – ID and bank verification for limitless payments
Like my experience at an
online casino with Trustly
as a payment option, I had to complete ID and bank verification to unlock INSTADEBIT’s full services. While INSTADEBIT will only impose a transaction limit without bank verification, the payment method won’t work at all without ID verification.
ID verification on INSTADEBIT is simple and seamlessly integrated into the registration procedure. I only needed to enter the last four digits of my SSN and my date of birth to complete the ID verification. Make sure you enter your name as it is on your government-issued ID to scale through this step.
The bank verification is a bit more complex. Firstly, I had to enter my bank’s branch number, institution number, account number, and bank name. After clicking on “Add Account”, INSTADEBIT will deposit a tiny amount to your bank account, typically under $2.
You’ll need to log into your INSTADEBIT account, select “Verify Account”, and enter the exact amount credited to your account to complete your bank verification and increase your spending limit.
Unlike funding your account at an
iDEAL casino, you don’t have to complete a two-factor authentication each time you deposit with INSTADEBIT. While it’s slightly less secure, the speed advantage makes it an easier pill to swallow.
Transaction times with INSTADEBIT – Instant deposits, 72-hour withdrawals
INSTADEBIT casino sites allow players to instantly fund their accounts, so there’s a near-zero transaction time for deposits. It’s not the same with withdrawals, however, as I often experience a 72-hour delay when withdrawing from the payment system to my bank.
However, that’s not the only hiccup you’ll experience if you’re withdrawing. Some INSTADEBIT casino sites delay withdrawal requests arbitrarily, impacting the overall transaction time.
Compared to playing at a
pay-by-phone bill casino
where you won’t be able to withdraw with the payment method, INSTADEBIT offers withdrawals under a respectable time frame, making it a complete payment solution.
Fees associated with INSTADEBIT – Low withdrawal and deposit fees
There are two main fees associated with using an INSTADEBIT casino: a bank account deposit fee and a bank account withdrawal fee. The former costs 1.95 CAD and is only applicable when you’re trying to pay at a casino without enough funds in your balance to cover the transaction. When INSTADEBIT pulls funds from your bank, you’ll automatically incur this fee.
The withdrawal fee, on the other hand, is always applicable when you’re withdrawing funds from your INSTADEBIT account to your bank account. Nobody likes fees, but compared to platforms that charge for currency conversion and statements, INSTADEBIT is better.
| Service | Fees |
| Deposits from bank account | 1.95 CAD |
| Withdrawals to bank account | 2.00 CAD |
Security measures for INSTADEBIT transactions – 128-bit payment encryption protocol
INSTADEBIT meets the information security criteria of the American Institute of CPA’s Service Organization Control, so have a reasonable expectation of security and privacy when using the payment method.
When playing at an INSTADEBIT casino, your banking information remains securely protected and is never shared with anyone, not even the casino. INSTADEBIT securely transmits payment information using 128-bit encryption technology to protect you from fraud.
Gaming sites that accept INSTADEBIT – Top INSTADEBIT casino recommendations
While many online casinos accept INSTADEBIT, finding the best options can be challenging. You can check the banners on this page for my recommendations of top INSTADEBIT online casino sites that’ll likely tick all your boxes.
From my experience so far, INSTADEBIT is one of the best payment methods for online casino gamers in Canada. However, not all INSTADEBIT casino sites are worth using. Here are a few features I’d expect to see in a casino using INSTADEBIT:
On average, INSTADEBIT takes 72 hours to complete a withdrawal. I wouldn’t want to add another week on top of that due to a poor choice of gaming site. When choosing an online casino for INSTADEBIT, I check if it processes withdrawal requests within three days so I can withdraw funds within a week.
The biggest selling point of any online casino should be its games. I always go through the quality and quantity of games in any casino with INSTADEBIT payment options to ensure I can get the best game selection, in addition to the excellent payment method.
While INSTADEBIT casinos typically work excellently, hiccups may occur, which may lead you to need the casino’s help. Having excellent customer service for times like this is crucial, which is why I always look out for top-tier customer service before signing up at online casinos.
Conclusion – Excellent payment method for online gaming
INSTADEBIT’s one-page checkout system is a great way to deposit and withdraw at online casinos. With its simple verification process and unparalleled payment security, INSTADEBIT runs circles around most payment systems I’ve used at any online casino.
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INSTADEBIT casino
FAQs
?? How long does it take to withdraw from INSTADEBIT?
An INSTADEBIT online casino usually processes withdrawals within three to five days. However, you must consider how long it takes your online casino to process withdrawal requests, as you’ll only get your funds after the online casino approves the request.
?? How secure is INSTADEBIT?
INSTADEBIT secures transactions with 128-bit encryption technology and adheres to the security criteria of the American Institute of CPA’s Service Organization and Control, making it a secure payment method.
?? Do INSTADEBIT transactions reflect on my bank statement?
INSTADEBIT deposits funded by your bank account will reflect on your bank statement but will not indicate the specific purpose of the payment.
?? Does INSTADEBIT have customer support?
INSTADEBIT has a 24/7 customer support system. There’s email support for users and merchants, and the official website has a list of FAQs for basic queries.
