InstaDebit is one of Canada’s best-known payment methods. But is it good for you too? Come find out & check our list to discover a licensed InstaDebit casino to play at!
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InstaDebit is a bank-based payment service that acts as an intermediary between your bank account and an online casino.
To use it, you need to register an account and have a Canadian bank account.
Payment method type | Open banking |
Website | |
Available for deposits | Yes |
Available for withdrawals | Yes |
Country | Canada |
Currencies | USD, CAD |
Fees | Yes |
Company headquarters | Toronto, Canada |
Let’s take a closer look at what InstaDebit entails.
The registration process for InstaDebit requires you to verify your identity by providing your basic personal info, date of birth, and the last 4 digits of your SIN.
Note
You don’t need to pre-register to use InstaDebit at an online casino website. You can also register when completing your first transaction.
Using InstaDebit is usually free of charge, with a couple of exceptions:
Warning
InstaDebit is not a digital wallet and can only hold money for a limited period.
Deposits with this service are typically instant, whereas withdrawals to your InstaDebit account can take up to 48 hours. It depends on how fast an InstaDebit casino approves the transaction.
After that, it takes 1-5 days for your funds to go from your InstaDebit account to your bank account.
InstaDebit transactions use 128-bit encryption technology, and the service meets the information security criteria required by the American Institute of CPAs.
InstaDebit is a promising payment service whose renown in Canada speaks for itself. If you meet its requirements, I recommend you play in an InstaDebit casino.
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