INSTADEBiT Online Casinos

As an online casino player, you have a wide choice of payment methods to use to fund your online gambling time and cash out your winnings. All online casinos offer classic payment methods for you to use, like bank transfer, credit cards, debit cards and prepaid cards, even cheques. But, what most of the leading casinos also offer are alternative payment solutions, like pay-by-phone options, eWallets and electronic vouchers.

eWallets are usually players’ most preferred alternative solutions, and there’s one that stands out from the crowd. That’s INSTADEBiT. Go through our overview of the eWallet and you’ll understand why. Why should you play with INSTADEBiT across online casinos?

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INSTADEBiT FAQs

About INSTADEBiT

eWallets, as introduced, are players’ most preferred payment solutions for online gambling. That’s because you can fund them with money, play across your favourite online casinos with the money, and withdraw winnings with them. Among the most popular ones, you’ll find INSTADEBiT at the top of the list of accepted payment methods across online casinos.

INSTADEBiT…

…is the intermediary service that connects you, your online casino and all the payment methods you’re using in your everyday life. It is the payment facilitator that helps you make safe and secure transactions without revealing much of your personal and banking information with the casino. It is headquartered in Toronto, Canada. The company that launched it in 2003, International Solutions Ltd, expanded its operations outside of Canada and opened an international branch INSTADEBiT Global in Malta.

Even though…

…when it first started, it started offering facilitating payment services to Canadian citizens only, through its global branch, it is now also available to US citizens. Therefore, all Canadian and US online casino players can use it to fund their s and withdraw their winnings.

That’s what’s great about it…

…actually, the fact that you can use it for both deposits and withdrawals. But, continue reading our detailed overview to find out more of the benefits you’ll get by using it and to discover how it works and which services it offers.

Types of Services Offered

You should know that INSTADEBiT is not your classic eWallet, but a very special one. Sure, it does offer the usual eWallet services, meaning you can fund it and withdraw money with it, just like all eWallets. But, you do need to go through a bit lengthier procedure with it, due to regulatory reasons.

You need to fill out a form…

…with identification and banking details. These details would include your full name, home address, active email address, and the last four digits of your Social Security number. Moreover, you’ll need to disclose the details about the bank via which you’d like to fund your eWallet. After you submit your form, you’ll need to wait for the eWallet to check the details you provided and their validity.

After that…

…you will see INSTADEBiT make a small deposit to your bank , the one that you provided. The deposit would be a small one, but it would prove that the bank your provided is valid. Enter the deposit amount in the verification service, and this way, you’ll prove that the bank you provided is yours and an active one. Once you do, you will be able to use the eWallet services as it suits you.

INSTADEBiT at Online Casinos

There’s one thing you can be certain about: you will find INSTADEBiT across a number of online casinos. All leading online casinos offer it as your payment option, so you won’t come across difficulties finding it. Therefore, all you need to do is choose one that you like, which offers your favourite games, and it.

Once you the casino you like…

…you would need to choose your deposit method. You can do that by going at the casino’s Cashier page. From the list of payment methods offered, choose INSTADEBiT. By clicking on its logo, you will see a new window appear. That’s where you’ll need to enter the details to your eWallet , meaning the name and you chose when you created the . For safety reasons, you may need to enter the last four digits of your Social Security number again, so do that if required.

The next step would be…

…entering the amount of money you wish to have on your online casino . Confirm the transaction request, and the eWallet will transfer the money to your balance. You will get an email with confirmation details by the eWallet, and the same email will be sent to the casino. Once you have the money on your online casino , you can start playing your favourite Live Casino and any other real money game.

To make a withdrawal with it…

…you would need to go through a similar procedure. This time, when you go to the casino’s Cashier page, you would need to visit the Withdrawal methods list and choose the eWallet as your withdrawal method. Again, in the pop-up window, fill in the required information, and specify how much you’d like to withdraw. As soon as you confirm your transaction, the request will be sent to the casino. The casino would have to review and approve your withdrawal. It would have to check whether you’ve claimed some wagering requirements. Unless you have any wagering requirements left unmet, the casino will approve your transaction. As soon as the casino approves it, INSTADEBiT will transfer the funds on your bank .

One of the things…

…that makes this eWallet different from most others is that it does not store money, but it sends it directly to your bank . This way, you avoid paying maintenance fees, and you avoid the annoying process of moving the money left and right in order to cash it out. The money lands safely on your bank directly, so that you can do with whatever you want with it.

Limitations and Restrictions

There are a few limitations and restrictions that apply when using INSTADEBiT. One of the most obvious ones is the country restriction. Unless you have a Canadian or US Social Security number, you cannot actually use it. Even though available across European-based casinos, the method is only available to Canadian and US players.

The fact that…

…it does not store your money is another restriction. Some players prefer to store a bigger amount of money and deposit only a fraction of it to the online casino and keep the rest on the eWallet . That’s not an option with this eWallet. You cannot withdraw your winnings to the eWallet , either, as the winnings would go directly to your bank . The eWallet simply does not offer storage services.

You should be aware…

…also, that fees apply when using this payment solution. When the service moves your money from the online casino to your bank , it charges $2 per transaction. Plus, when you’re funding your eWallet with money, you need to pay a fixed $1.95 fee, regardless of whether you’re using bank transfer, a credit or a debit card.

Advantages and Disadvantages

As you could see, INSTADEBiT is an excellent payment method, but it comes with some obvious downsides, just like any other. Sure, the benefits you’ll get prevail, but it is inevitable to mention the disadvantages, too.

Let’s start with the advantages…

…you’ll get for using it. First of all, you should know that it implements some of the toughest security measures. In fact, security is at its core. It uses high-end surveillance and the latest security protocols like SSL encryption and bulletproof firewalls. Secondly, it provides you with some of the best transaction speed rates out there, as it processes both deposits and withdrawals instantly. That’s one of the main reasons why it is on top of the list of the best methods for Canadian players looking for fast withdrawals.

Considering…

…it is a mediator, the facilitator that connects you, your bank and your online casino, it completely protects your confidential details with great attention. You get full anonymity when playing at the online casino site since you won’t ever need to share any bank details with the casino. INSTADEBiT will make sure the money travels safely from your online casino to your bank when withdrawing. On that note, the last but not least advantage we should mention is actually the fact that you can make both deposits and withdrawals with this eWallet. You won’t need to look for alternative cash out methods, and you can transact with one and the same method in both directions.

When it comes to disadvantages…

…we should mention the lack of a storage service first. Contrary to most eWallets, you cannot store money on your INSTADEBiT . The money just transits through it, one way or another, and it never stays on it.

Another downside to it…

…is that only Canadian and US players can use it. If you are a player from anywhere else around the world you cannot use it. So if you’re a player from a European country, let’s say, you cannot use it, even though you liked what you read about it here. And finally, you have the fees. Even though the fees are almost insignificant, they do apply. Each time you transact with it, you’d need to pay a $1.95 to a $2 fee, regardless of the amount of money you’re moving.

Final Analysis

Considering INSTADEBiT is…

…a payment solution that can be used for both deposits and withdrawals, it is the perfect solution for all Canadian and US players looking to make instant, low-cost and safe transactions to and from online casinos. It is definitely a method worth checking out because it is one of the most popular methods across online casino sites that target Canadian and US players. Players trust it and can rely on its efficiency and security measures.

Sure…

…there are some downsides to it, like the country restriction, the lack of storage service and the fees, but should you be a Canadian or US player looking to move money online for a small fee, you will definitely love INSTADEBiT. We highly recommend it to such players who are fine with the disadvantages, as this unique eWallet will provide you with an excellent online gambling experience.