InstaDebit has become one of the most popular payment methods among Canadians, especially when it comes to depositing funds on online betting platforms available in this country. There’s a good reason why InstaDebit grew into what it is today, as thousands of residents in this North American country consider it the most convenient eWallet. Read on to learn more about InstaDebit!
The Best InstaDebit Betting Sites 2024
What Is InstaDebit?
InstaDebit was founded more than a decade ago in Canada, and it was made to mimic PayPal, which has remained the most popular eWallet to date. However, it is a bit different than other online payment solutions as it does not require you to pre-fund your InstaDebit account but enables a direct transfer from your bank account to the betting site of your choice.
Why Use InstaDebit?
This payment method is made for Canadian users who are looking for a safe and convenient way to deposit and withdraw money on sportsbooks. First of all, it is a purely Canadian service that is regulated by the country and uses Canadian dollars as its primary currency.
Secondly, it uses 128-bit encryption, with Verisign and TRUSTe monitoring and auditing all transactions made with InstaDebit.
How to Deposit Using InstaDebit?
Follow the steps below in order to connect your InstaDebit account to your favourite sportsbook.
- Open an InstaDebit account and connect it to your bank account.
- Register on the betting site of your choice.
- Select InstaDebit as a preferred payment method.
- Input the required information to link your InstaDebit account to the sports betting site.
How to Withdraw Using InstaDebit?
Withdrawing money from an online sportsbook in Canada is very simple with InstaDebit.
- Choose the “Cashier” option on the site.
- Select InstaDebit as a preferred method.
- Enter the amount that you want to withdraw.
- Confirm withdrawal.
InstaDebit Online Betting Sites
Being a native Canadian payment method, InstaDebit is available on all major Canadian betting sites. It’s one of the most popular options used by bettors from this country, and it seems that it works pretty well for them. Nevertheless, our team of experts took the liberty of choosing the best online betting sites in Canada that offer InstaDebit for depositing and withdrawing funds.
Disadvantages of Using InstaDebit
InstaDebit is not available in many countries, as Canada is its primary focus. Apart from that, there are no significant downsides that could affect your online betting experience. In other words, it is a perfect Canadian deposit and withdrawal method.
InstaDebit Customer Support
Apart from an outstanding “Help” section on their page, this payment method also offers outstanding customer support that you can contact via:
- Email: [email protected]
- Toll-free call (24/7): 1-877-88DEBIT
- Live Chat on their website
How long does it take to receive money using InstaDebit?
InstaDebit deposits are instant, but you may have to wait a couple of days before your withdrawals are processed. It mainly depends on the sportsbook, as some of them take longer to review transactions.
Does it cost more money if I make a large deposit?
Transactions have a fixed fee that is usually no more than 2 CAD. Therefore, depositing large sums will not result in larger charges. On the other hand, some online betting sites may charge additional fees for transactions, so make sure to check that before you register on one.
Can I use InstaDebit outside of Canada?
InstaDebit is supported in a couple of countries around the world, but not many sportsbooks that are outside of Canada list it among the available payment methods. Being a sort of eWallet, InstaDebit will enable you to log in wherever you are and make deposits or withdrawals on Canadian betting platforms.
Who benefits most from using InstaDebit?
The residents of Canada are the target group, which means that they benefit the most from using InstaDebit.
Which banks is InstaDebit available through?
This payment method is supported by the majority of banks in Canada. Make sure to check out with your bank whether you can connect InstaDebit to your bank account.
Do I have to open an account with InstaDebit to use their services?
InstaDebit is an online service, which means that you have to register on their platform in order to use it.
Are transactions via InstaDebit protected?
Yes, InstaDebit uses state-of-the-art technology to protect all deposits and withdrawals. Furthermore, your personal information is safe when you use this payment method.
Can I reverse a transaction using InstaDebit?
Since your InstaDebit account is connected with your bank account, that is probably up to the bank to decide. On the other hand, if you use InstaDebit as a pre-funded eWallet, you will probably have to check with their customer support and with the betting site of your choice.