There are several different payment methods that Canadians can use when they are using an online casino. One of the most popular methods is Instadebit. We want to talk to you a little bit about it on this page.
What is Instadebit?
Instadebit is an eWallet very much in the vein of PayPal, although it has been built specifically for the Canadian market. You top up your Instadebit account using direct bank deposit, or by receiving a payment from somebody who also uses Instadebit. It is a very quick system and you will find most reputable online casinos will use it.
To use Instadebit, you will need to have an account with them. It shouldn’t take too long to set up. Head to their website, tap in your personal details and link up your bank account. It takes a couple of minutes at the most. Once you have your username and password, you can use that on any site which accepts Instadebit.
You can choose to top up your account right away or you can top up your Instadebit account when you use an online casino. However you do it, paying online is very much the same. Select Instadebit as the payment method at the online casino, login, select how much you want to pay the online casino and follow the steps. It is an instant process which means that you will be able to start gambling right away.
There are several reasons as to why people will use Instadebit to deposit money into their online casino account.
Perhaps the most common reason as to why people will use this payment method is because it keeps your bank details secure from the online casino company.
Now, to be honest, all the online casinos that we recommend on this site are proven to be reputable. They are never going to steal your details. However, there are some shady online casinos out there, and Instadebit will act as somewhat of a buffer for you.
Once you have set up your account (see above for details on how to do that), then it really is going to be a quick transfer. Just select Instadebit as your payment method, login to your account, and then you are done. The money is deposited instantly to the online casino so you do not have to worry about waiting for the money to arrive.
Are there any downsides for using Instadebit?
There are no transaction fees associated with Instadebit. However, whenever you withdraw money from your bank account to top up your Instadebit account, you will need to pay a $1 deposit charge.
As long as you keep money floating about in your Instadebit account, then you will only ever need to pay the $1 charge. Since many sites in Canada accept Instadebit, and not just online casinos, most people always have a bit of money in their account anyway so this is not going to be that much of an issue.
There will be a small commission to pay when you withdraw money from your online casino account. The exact fee will be dependent on the online casino you are using, plus the amount you are withdrawing. We don’t really see this as a ‘downside’ to Instadebit since every company will have a commission charge like this.
Online casinos may have different limitations in place, but the Instadebit platform is able to cope with a
- minimum transaction of $1
- maximum transaction of $50,000
This means that it should be fine for most people. And, let’s be honest, if you are looking to deposit more than $50,000 into your online casino account, it is unlikely that you will be using Instadebit. You can use Instadebit to deposit in CAD or USD, which makes it ideal if you are planning to gamble at an online casino in the United States aswell.
If you are looking for some amazing Instadebit casinos, then we have put together a list of some of our favorite Instadebit casinos in Canada to gamble at. All of these are highly rated and offer a plethora of games that you can sink your teeth into. We will keep this list up to date with any new and brilliant Canadian online casinos we discover!
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