How to Use InstaDebit at Online Sportsbooks
Canadians enjoy the opportunity to make their payments using a trusted and experienced online payment methods.
It is available in more than 30 countries and only players with a Canadian bank account can play in online bookmaker sites using InstaDebit.
Basically, InstaDebit functions the same as other e-wallets, with one major difference. You have no fees to pay on InstaDebit, and you can still pay online from your bank account to your online betting account. InstaDebit facilitates the process of transferring funds from your account to third parties and the other way around. Long story short, you only need a Canadian bank account and you are eligible to get issued with InstaDebit and use it for paying third parties.
How to Open an Account on InstaDebit?
All you need to do in order to get yourself an InstaDebit account is register for free. You will be required to provide your bank account info, name, and address, as well as the last four digits of your SIN (Social Insurance Number). Also, you will need to provide your valid email address. As soon as InstaDebit verifies your bank account and email details, your account will be active.
The beauty of InstaDebit lies in the fact that, unless you want to start using it instantly, you have no need to insert your financial details, up until the moment you do.
How to Deposit via InstaDebit?
In order to deposit, you will have to select InstaDebit from the list of payment methods. As soon as the pop-up window appears, sign in your InstaDebit account. Afterward, you should confirm your payment details and the money will be transferred from your bank account to the online betting account by InstaDebit.
You will, of course, receive an email saying that your transaction was successful, and the deposit will soon appear on your online betting account.
How to Withdraw via InstaDebit?
InstaDebit enables you to also withdraw your winnings from your online betting account. However, this depends on the sportsbook’s policy, whether they allow withdrawals via InstaDebit.
Transfer Time and Fees
Your transfers via InstaDebit happen immediately, so you can instantly deposit whenever you want. As for withdrawals, the transactions with InstaDebit are quite quick as well.
When it comes to fees, you will be required to pay a small fee of $1.95 CAD when you make a deposit to the online sportsbook and $2.00 CAD when you want to transfer your withdrawal fund via InstaDebit to your bank account. On the other hand, the registration is fee-free and the transactions between your bank account and InstadDebit and InstaDebit and the sportsbooks are free of charge.
Safety & Security
If you want to become a smarter bettor you should definitely use this payment method since InstaDebit is one of the most discrete payment methods and bettors really respect and prefer it in comparison to others. This is because anytime you deposit on your online sportsbook via InstaDebit, the operator won’t be able to see your bank account details. This protects you from fraudulent online behavior and leakage
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