iDebit is one of the most popular online transaction methods currently supported by the iGaming industry and it is currently accepted by dozens of online casinos. Targeted at the Canadian player base, iDebit is becoming increasingly more attractive thanks to its ease of use and overall accessibility. The iDebit service is operated by Instadebit International Solutions Limited, a company that falls under the jurisdiction of the Province of Ontario and its laws and regulations. Below, we will explore what makes iDebit a great banking method for players and give you our honest feedback on the service.
How iDebit Works with Online Casinos?
1Tied to Canadian Banks
In order to use iDebit, you first need to have a bank account with one of the supported banking institutions by the service. These include the following banks:
- Bank of Montreal
- Canadian Imperial Bank of Commerce
- National Bank
- Royal Bank of Canada
- Simplii Financial
- TD Canada Trust
If you are a customer at any of these eight banks, then you are eligible to use iDebit at gaming websites that support it. Technically, you can use iDebit without an account, but you will miss out on several features, withdrawals for example. When you register an account with iDebit, you will be required to enter some personal information, such as your name and address. Moreover, you will have to provide proof of your identity in the form of ID or some other type of official document.
2Online Banking Payments
The way iDebit works is quite simple. When you connect the service to your bank account, you will be able to carry out instant transactions with iDebit. The money is moved from your personal bankroll to your casino balance. It all takes no more than a few seconds and you can get down to playing your favorite casino games immediately.
How We Evaluate iDebit Casinos?
Online casinos have become much larger in number over the last few years and keeping track of all of them is not a feasible job any more. However, there are ways that you can easily judge a gaming website within a few minutes of opening it. Below, we will give you our metrics for evaluation online casinos, covering six different aspects that you should look out for.
The first thing that should always be at the back of your mind when looking at any online casino is how secure it is. After all, the safety of your money and sensitive information is paramount and something that you should never leave to chance. Therefore, take into account what encryption or other security systems the casino has in place. Moreover, verify that the website is indeed regulated by a government institution of good reputation in the industry.
Something else that you would do well to consider is whether or not the casino charges fees for transactions. Typically, in today’s casino scene, websites rarely take a commission on deposits. However, if you come across any such online casino, we recommend to avoid it and find another one. There is no reason why you should give up more of your deposit to the casino, considering you are wagering your money there.
Of course, before you can play at any online casino you will need to make your deposit. However, you need to verify that your gambling website of choice will actually support iDebit. Luckily, this only takes a few moments to check this and if the casino does not meet this standard, you can quickly move on to the next one.
Being able to properly access an online casino is quite important, though not something that immediately springs to mind. Regardless, you need to be sure that you can play from your platform of choice without issues. Most online casinos nowadays support both desktop and mobile devices so you will have a relatively easy time.
Once you are sure that the casino supports your platform, you also need to consider how it runs on your device. It is sometimes the case that a casino website is poorly optimized and slow, both where the user interface and the games are concerned. Granted, every casino will work differently on your device so be sure to have a frame of reference.
Of course, what is the online casino experience without a bonus or two? You should take advantage of promotions whenever possible, but you need to be sure that you can do so when using iDebit. Most promotions are tied to deposit methods and some payment services are excluded from some of them.
iDebit Casino Deposit
When using most online payment methods, you need to be concerned about the transaction limits imposed by the service provider. However, this is not a point of worry where iDebit is concerned. In fact, this payment solution does not impose any limits on its own end. You will be able to deposit as much as you wish or as much as the casino will allow you. This amount will be entirely subjective for that particular gambling website and we cannot provide any concrete information.
Fees are also quite important when you make transactions on the Internet and you want to be sure that you are not overcharged. In the case of iDebit, you will find the fee structure is quite simple and easy to follow. Every payment you make online will come at the cost of CA$1.50 or US$1.50, depending on your currency. It is a flat fee and will not increase or decrease regardless of the size of your transaction.
A great aspect of iDebit is certainly the speed of the transactions. Traditional bank transfers can take several days to clear. Not iDebit payments, however. When you issue a transaction with iDebit, the service allows it to through instantly, with no downtime. This is the best perk of this payment method and one of the primary reasons why you should use it.
iDebit Casino Withdrawal
As we have covered above, iDebit does not have any inherent transaction limits. Instead, these are set by the online casino you chose. Therefore, any withdrawal that you will request will only be as big as the casino will allow. Of course, we cannot speak for the limits of every casino that grants iDebit withdrawals so that you will have to find out that information for yourself.
iDebit does not charge you for incoming transactions and you will not have to surrender any part of your withdrawal when you receive it. That being said, the casino itself may impose some charges of its own. Whether this will happen or not depends entirely on the casino itself. This can be anywhere between CA$1.00 or CA$30.00, with respect to the casino’s withdrawal policy. Regardless, it is in your best interest to look for a casino with free withdrawals.
While iDebit deposits are fully instant, the withdrawals are not nearly as quick. In fact, you will likely need to wait for a bit for your money to reach your iDebit account. More specifically, this can take anywhere between 1 and 5 business days to clear. The money will appear in your iDebit balance when this happens. Keep in mind, as per iDebit policy, you can only keep the money for 28 days in your iDebit balance. You will be asked to withdraw your iDebit balance to your personal bank account within that time frame.
iDebit Pros and Cons
When you make payments with iDebit you gain the benefit of instant deposits, something that comes in handy when you want to immediately start playing.
iDebit is only available to those who hold an account with one of the eight Canadian banks listed above. Those who do not will either have to open an account or resort to a different payment solution.
iDebit allows you to maintain a certain degree of anonymity from the online casino when making a payment. The service does not require you to disclose any sensitive data at any point.
Since iDebit only works with a limited number of Canadian banking institutions, only Canadian players will get the benefit of this payment solution. As a result, not many online casinos support this banking method.
The overall cost to use iDebit is quite low. With a flat fee of $1.50 per transfer, you will not lose too much of your bankroll. In comparison, other services charge a percentage of the total payment, which can get quite expensive with large deposits.
iDebit withdrawals are not as quick as other banking options. Typically, they will take up to 5 business days to be processed to your iDebit balance and when you try to cash in the money to your personal bank account, you will have to wait even longer.
iDebit is easy to use and requires no strong preparation on the player’s part. Just about anyone can open an account and use it freely.
Countries Which Use iDebit in Online Casinos
Exclusive to Canadian Customers
Unsuitable for non-Canadian Customers
As we have mentioned above, iDebit only works with eight different Canadian banking institutions. Therefore, it is quite easy to conclude that only Canadian players get to use iDebit for the purposes of online gambling.
Granted, you do not need to be a Canadian citizen, you simply need to hold an account with one of the eight banks that iDebit works with. Granted, this is more likely to be the case if you are a citizen of the country, but there are exceptions to this rule. Additionally, there are also geographical limitations imposed by the service as to where you can access iDebit. If you are located in an unsupported country, iDeal will prevent you from logging into your account.View more...
Using iDebit in Mobile Casinos
1iDebit Payments from Mobile Devices
Playing from a smartphone or tablet is becoming ever more common in the iGaming industry and more customers are resorting to this more convenient method. Of course, the mobile versions of online casinos are equipped with the same features as their desktop counterparts. This includes all of the usually supported banking solutions which are available on the desktop version. Making the payment from your mobile device involves the same process and one can easily fund their casino balance with iDebit. You simply have to find the Cashier page, select iDebit as the payment method and enter the appropriate information.
2Accessing iDebit from a Mobile Device
The iDebit website also extends support for mobile devices, which means that you can easily check your balance and order payments from your smartphone or tablet. Again, the process is the same and you should easily accomplish it. Unlike other payment solutions, iDebit does not have a dedicated app and you will have to access the platform from your browser. The mobile version of the website is fully adapted for mobile use, thereby giving you full access to the platform and retaining all functionalities.
iDebit Casino Bonuses
There are plenty of bonuses and promotions that you can claim as an iDebit user. Online casinos rarely bar deposits with iDebit from participating in promotions so you should take full advantage of this opportunity.
In the iGaming scene, there are several different types of bonuses that you should look out for. Deposit bonuses are the most common variety and are offered by just about any online casino. Essentially, the casino will match your deposit up to a certain sum and give you that money as bonus funds, allowing you to place bets with it. Of course, you will need to meet a wagering requirement before you can cash in the bonus, but that is par for the course.
Additionally, certain deposit bonuses also include free spins as part of the package. Free spins can be played on select slots with a designated value. Once you have played through all free spins, any money won is given to you as bonus funds and you have to wager it a certain number of times.
No deposit bonuses
No deposit bonuses are different from the above-mentioned promotions, since they require no deposit, as the name implies. They can take the form of free spins or bonus money, but regardless, they are given out free of charge. Granted, they are not as valuable as deposit bonuses and have much stricter rules, but you are getting something for nothing.
Comp points, also known as loyalty points. These are earned by making deposits and placing bets. As you acquire more and more, your standing with the casino increases and you can exchange your points for rewards.
iDebit Casinos Safety and Security
iDebit Identity Protection
Supplemented by Banks’ Security
iDebit comes with several high-level identity and privacy protections to users of the service. This is needed because you are, after all, placing your money and sensitive information in iDebit’s care. The first and most important feature is the SSL encryption used to encode all private data from potential wrongdoers. Effectively, it makes it unreadable for anyone who manages to get ahold of the information. Therefore, only you and iDebit employes will be able to access it freely, keeping it secure. Modern-day encryption systems are quite complex and it is incredibly difficult to decipher any piece of information successfully.
On a side note, the iDebit service is verified by McAfee, which signifies that it is secure in all aspects and that you have nothing to worry about. Moreover, iDebit also abides by the rules and regulations set out by the government.View more...
iDebit Alternatives for Online Casinos
Instadebit is another online banking solution targeted at the Canadian market. It gives users the opportunity to make instant payments to their online casino balance. Moreover, it also provides extra layers of protection to those conscious about the security of their data.
Interac Online is the result of a partnership between the major Canadian banking institutions. An online banking service with other interesting components, Interac Online makes online payment easy and convenient, while also charging minuscule fees. Accepted by most Canadian online casinos, Interac Online is a great option.
Skrill is one of the major eWallets supported by the iGaming industry and it enjoys universal acceptance among online casinos. Working as a stand-alone balance, Skrill allows you to easily move money into your casino account and with the utmost efficiency. The service can process deposits instantly and with little to no cost.
Neteller is another excellent option where eWallets are concerned. With Neteller, you can easily control your bankroll, make deposits and initiate withdrawals. This service is quite cost-effective and you should seriously consider it for the purposes of online gambling. The fact that it is accepted everywhere also sweetens the pot.
When all else fails, you can always turn to good old-fashioned credit cards. Not only are online casinos fond of them but they are easily the most accessible payment method in the industry. The vast majority of online casinos will accept Visa and MasterCard, while Diners Club, Discover and Maestro are supported on a case-by-case basis.
If you wish to leave no digital footprints, then you would do well to consider Paysafecard. This is one of the few fully anonymous transaction methods in the iGaming industry. Available for purchase at thousands of retail locations all over the world, Paysafecard will make it easy for you to fund your bankroll and enjoy your favorite games.
iDebit Casinos FAQ
Can iDebit transactions be traced by the online casino?
When you make a payment with iDebit the service does not reveal any of your personal information to the online casino. Basically, the service acts as a man-in-the-middle for the purposes of the transaction and helps out both parties.
Can I use iDebit outside of Canada?
For the most part, you cannot. Not only do you need to be a customer of a partner bank but the service also has a geographical tracker built-in. This means that when you try to access iDebit outside of the intended country, it will prevent you from logging in.
Do all online casinos offer iDebit withdrawals?
There is no easy answer to this question. While a good number of online casinos accept deposits via iDebit, not all will do the same when you want to withdraw your balance. It mostly depends on the online casino you chose. Therefore, pick wisely.
Are there age restrictions to using iDebit?
You need to be 18 years old in order to open an iDebit account. Coincidently, this is also the legal age to gamble in many jurisdictions. If someone does not meet this most basic criterion, then have no business gambling online.
Is there customer support for iDebit customers?
If something ever goes wrong with your iDebit experience, be sure to contact the support staff. You can do so via live chat, email at email@example.com, and via phone support by dialling +1 855 443 3248.