iDebit is an online banking method similar to InstaDebit and PayPal. As one of the most convenient e-wallets, it enables online transactions that are easy, secure, and almost instantaneous. Therefore, it has become one of the most popular payment methods among online casino lovers in Canada.
Besides, low commissions and the option to pay as a guest make it suitable for gambling in an online casino using real money. Therefore, many providers who accept Canadian citizens have also enabled the use of this popular payment method.
For these reasons, we have done a detailed breakdown of iDebit and compiled a list of the best online casinos for Canadian players that accept it as a payment method.
What Is iDebit?
iDebit is an online banking system essentially serving as a link between your physical bank account and the bank account of a casino you’re transferring money to. As opposed to traditional banking systems, you don’t need a credit card to use iDebit services. Since your account card is virtual, all you need is a mobile phone or a computer and an internet connection.
That being said, you do need to have an active physical bank account since iDebit can only be used as a mediator. To be able to use all of its benefits, though, make sure that your bank account has online banking enabled. The service is primarily available to Canadian citizens and can be used with Canadian bank accounts. The full list of supported banks can be found on the official iDebit website.
Signing up for an iDebit account is fast and easy, but take into account that you need to be 18 or older to use this e-wallet.
Advantages of Using iDebit in Online Casinos
iDebit is an online payment method offering numerous benefits for Canadian online casino lovers. Therefore, finding a casino that enables iDebit payments for both deposits and withdrawals is a huge plus.
Using iDebit as a mediator for money transactions between your bank and an online casino is a great way to protect your information. iDebit keeps your banking credentials safe and secure and never shares them with any third parties.
Every transaction made using your account is rigorously checked to confirm your identity and keep you safe from fraud. This includes logging into your account using full bank login credentials and answering security questions.
The service employs a 128-bit encryption technology that hides your data from prying eyes. Finally, the servers storing all user information are kept in a restricted area with 24/7 surveillance.
One of the biggest reasons Canadians like using iDebit is the unparalleled convenience it enables. Since there is no physical credit card you need to use, all transactions are done online with a few clicks.
You can make payments or receive money anywhere and anytime, as long as you have a functioning device connected to the internet.
Fast and Simple
iDebit services can even be used without registration. The option to check out as a guest lets you make payments without an active account, and it takes seconds. If, on the other hand, you would like to sign up, it takes no more than a couple of minutes.
What’s more, the transactions are instant, so, as far as iDebit is concerned, your money will be right where you want it in a matter of seconds.
Low Transaction Fees
iDebit makes a point of being transparent and having no hidden fees. However, those that you do need to pay are quite reasonable: $1.50 for deposits and $2.00 for withdrawals.
Many payment providers don’t enable payouts from online casinos. However, iDebit has made sure its users can both deposit to and withdraw their funds from their casino accounts. This way, you don’t have to use multiple payment methods for your casino transactions, which makes the experience much more enjoyable.
Possible Disadvantages of Using iDebit in Online Casinos
Although iDebit seems like a fantastic payment method to use for your online casino transactions, there are still a couple of downsides:
No Funds Consolidation
Simply put, funds consolidation is the ability to combine funds from multiple accounts to make a single payment. For instance, if a player wants to make a $100 casino deposit, the entire amount must be available on their iDebit account or the bank account connected to the e-wallet. Although this feature is not commonly available with most similar payment methods, it can be a hindrance for users looking for more.
Although iDebit does charge fees on each deposit and withdrawal, the amounts are inconsequential. However, the sheer fact that users are being charged for their transactions may be off-putting to some people.
Other than these two drawbacks, we couldn’t find any significant problems that Canadian players may encounter while using iDebit in online casinos.
How to Deposit Using iDebit
Before attempting to make a deposit using iDebit, you need to make sure that you have an active account at one of the supported banks, the list of which you can find on the iDebit official website. When you meet this essential requirement, the rest of the process is very straightforward:
- Find a casino that enables the use of iDebit and sign up for an account.
- Go to the Cashier section on the casino website and enter the desired deposit amount.
- Choose iDebit as a form of payment.
- Log in to your iDebit account or choose to Check Out As Guest if you don’t have an account yet.
- Choose your bank.
- Log in using your banking credentials.
- Approve the payment.
- Enjoy playing your favourite casino games!
While making casino deposits with iDebit, take into account the minimum and maximum deposits at a specific operator, as well as any minimum deposits related to the potential welcome bonuses.
How to Withdraw Using iDebit
Casino payouts using iDebit are as simple as deposits, although there are a few specifics to be aware of. First, follow these simple steps:
- Go to the Cashier page in your casino account and request a payout.
- Select the amount you want to withdraw.
- Choose iDebit as the preferred withdrawal method.
- Log in to your iDebit account.
- Choose your bank.
- Log in to your online banking service.
- Confirm the transaction.
However, before you request a casino payout, it would be wise to become familiar with the minimum, and maximum withdrawals, as well as daily, weekly and monthly withdrawal limits many casinos impose. Also, make sure you’ve completed any wagering requirements for bonuses you may have claimed.
As far as iDebit is concerned, the money will be in your e-wallet the moment you approve the withdrawal. However, some online casinos and banks may take time to process the transaction, so be prepared to wait up to five banking days to see the funds in your bank account.
While iDebit may not be available in many countries, it seems to be a terrific payment method for Canadians who frequent online casinos. It’s easy to use and offers almost instantaneous transactions.
On top of that, the 128-bit encryption technology it employs allows for a secure flow of information. Although some users may not enjoy the fact that the payment provider charges transaction fees, these are insignificant and should not be a problem for most players.
Overall, iDebit proved to be a payment method with a ton of benefits for online casino lovers from Canada, and as such, has earned our seal of approval.
Is it safe to use iDebit to deposit and withdraw money in online casinos?
Yes, absolutely! Canadian citizens can feel free to use iDebit for any online casino transactions. iDebit uses 128-bit encryption protocols to protect sensitive user information and runs regular security checks to prevent fraud.
Do all casinos accept iDebit as a payment method?
Unfortunately, no. However, their number is on the rise, and we have compiled a list of the best online casinos for Canadian citizens that do allow iDebit transactions.
Can I use iDebit to withdraw money from an online casino?
Yes, absolutely! iDebit enables its users to withdraw funds from online casinos, but you still need to check whether the specific casino allows iDebit payouts.
How long does iDebit take to process transactions?
iDebit transactions are instantaneous in most cases, which is incredibly convenient for online casino lovers. However, note that the transaction processing time also depends on the casino itself and your chosen bank, so you may have to wait a little longer than expected.