🇨🇦 Instadebit Casinos in Canada
Launched in 2013, Instadebit is a Canadian online payment system developed to offer a safe and swift way to make a deposit to an online business, such as an online casino, directly from your bank account.
Rapidly gaining popularity, Instadebit is now an accepted payment method at numerous online casinos offering their services in Canada.
To gain an Instadebit account, all you need is your e-mail address and a valid form of identification, you will then be sent a verification link via e-mail, and as soon as you click on it, your account is ready to use.
Instadebit is compatible with all Canadian bank accounts, not just the big names, which put it above many alternative Canadian online payment methods.
As the name suggests, speed is the name of the game with Instadebit, offering instant deposits to, and withdrawals from your online casino account.
No longer just a service tailored for Canadians, the growing popularity of Instadebit has seen the payment method expand to the point where it is now accepted in over 30 countries worldwide, accepting CAD, EUR, GBP, and more.
Safe & Legitimate Casinos With Instadebit
Welcome Bonus Package
The Good & Bad
As mentioned above, transaction speed is the main selling point of Instadebit.
Once you have connected your bank account to your Instadebit account, which can be done during or after the initial registration process, you can then make payments through that account.
This is either done via money that is in your Instadebit account, or by Instadebit taking the funds from your bank account and depositing them into your online casino account, although this second way comes with a small fee (less than $2) attached.
These transactions are immediate from Instadebit’s side, so as long as there is no hold-up from your chosen online casino for withdrawals, any transactions to and from your online casino account should be immediate.
This doesn’t result in Instadebit standing out as it may once have, as immediate deposits are not that rare for online payment methods these days, but it is certainly a tick in the positives column nonetheless.
Instadebit’s focus outside of the speed of transactions, and in fact perhaps more so, despite the name of the payment method suggesting otherwise, is on safety and security during online transactions.
Instadebit is aimed at those who are uncomfortable making payments to online companies directly from their bank accounts, and takes away the need for you to share personal and bank details with your chosen online casino.
While the majority of high-profile online casinos are known to be trustworthy at this point, the damage from the difficult past in terms of safety in the iGaming world still remains on the mind of many players, so the peace of mind offered by Instadebit is important.
Unlike a direct bank transfer, where you would put in your account details or card details in order to make payments in and out of your account, Instadebit creates a much simpler way to pay.
Simply select Instadebit from the offered payment methods (as long as it is offered by your chosen casino, most operating in Canada have this option) and you’ll be rerouted to your Instadebit account, where you can select the amount of money you are either depositing or withdrawing, and the payment will be in your account safely and swiftly.
Security measures are in place to ensure these transactions are safe. All your actions through Instadebit are password protected, and state-of-the-art security techniques are used to ensure your money is safe when in your Instadebit account, or travelling through it to yourself or a merchant.
The limits with Instadebit come in stages, you are given a small limit at first until your bank details are verified, and that limit will then increase to $3,000 per week.
This limit is enough for most people, but it can be increased by contacting Instadebit and giving some more documents to prove you can afford the increased limit.
Depending on the amount you use your Instadebit account, you may find that you are automatically given an increase to your limit, but you can always request one.
These limits are only attached to deposits made to an online casino site, in terms of withdrawals, there is no limit on how much you can withdraw to your Instadebit account apart from those put in place by the casino itself.
These limits are pretty high compared to many other payment methods, and the ability to extend your deposit limits on request is certainly a perk of Instadebit, as is the possibility of an automatic increase to your limits.
Instadebit swiftly became one of the most popular payment methods in Canada, and as a result, is available at a large number of Canadian facing online casino sites.
Most, if not all the big names in iGaming in Canada provide the ability to make payments and withdrawals via Instadebit, and many smaller sites will also provide this method.
Beyond that, the increased scope of Instadebit means that many online casinos outside of Canada now offer Instadebit as a payment method too, making this one of the most accessible Canadian payment methods.r
For those looking to claim casino bonuses, Instadebit is one of the best options available. Many sites do not provide access for eWallets such as Neteller and Skrill, and Instadebit steps into that gap nicely.
In terms of competition, the likes of Paypal also provide good options for those looking to claim casino bonuses, and obviously debit and credit card payments work here too.
For the combination of safety, security, speed, and a lack of high fees, combined with high withdrawal limits allowing you to take out your entire bankroll if you so choose, puts Instadebit firmly at the top of the pile when it comes to claiming bonuses at online casinos.
Online casino play in Canada has risen sharply in popularity in recent years, and many have made attempts to move with it. As a result, there are now numerous payment methods available for Canadian players.
So, how does Instadebit stack up against the competition? Is this a worthy payment method to consider? Or are there alternatives that do it better?
The easiest way to look at this is to consider categories. Instadebit falls into the category of instant payment methods, more similar to a prepaid card than a traditional Wallet, alongside the likes of Paysafecard and iDebit.
These payment methods function as a middle man between you and the merchant, the online casino, in this case. This ensures an extra level of security, removing the necessity to give your bank details and other personal information to an online casino site, while also allowing you easy access to any money you withdraw from an online casino.
As far as this category of payment method goes, the speed and the relatively high deposit limits offered by Instadebit mean it stands out from the pack.
That being said, how does Instadebit compare to other categories of payment method?
eWallets are the closest in similarity to Instadebit, with Paysafecard, Skrill, Neteller, and PayPal being the most popular four. The first three of these are all owned by Paysafe at this point.
The issue for Canadian players is accessibility, Neteller and Skrill have some difficulty, and PayPal is far less available at online casino compared to other payment methods, so Instadebit wins here, too.
Next, you have debit and credit cards, which share much of the same perks as Instadebit, except the aforementioned need to share personal details with an online casino. Instadebit essentially gives you the opportunity to use a credit card as a payment method, but without giving a casino direct access to your bank account.
While these are the main payment methods, there is one more gaining rapid traction in the iGaming world, cryptocurrency. The anonymity provided by Bitcoin and its brethren is immensely popular, but this method is not without its issue. Security is certainly a concern, as making a claim if your money is treated unethically can be a challenge.
Beyond that, there are still only a small number of online casino that accept bitcoin and other cryptocurrency payments, especially when compared to the likes of Instadebit.
So, until these issues are cleared up with cryptocurrency payments, Instadebit arguably stands at the head of the table as the top payment method for Canadian players.
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