iDebit vs InstaDebit: Comparing Payment Options for Canadian Online Casinos

A proper payment method is essential for casino deposits and withdrawals. Your perfect option should have top security, low minimum transaction size, high max limits, and fast processing speed. The Instadebit vs iDebit comparison guide below explores the key pros and cons of using these methods as your next casino banking solution.

What Is iDebit?

iDebit is a popular Canadian online bank transfer payment method. It provides swift and secure transactions from your account in a local financial institution. iDebit works as a middleman rather than an e-wallet where you store funds. Thus, you don’t provide sensitive credit card or bank account credentials to the gambling site.

You can sign up with the payment system or use it without an iDebit account as a guest. We recommend the first option for long-term use. It allows you to see the transaction history and manage your payments efficiently. Creating an account requires your name, email, last 4 SIN digits, address, and bank account number.

iDebit supports both casino deposits and withdrawals. Top-ups come with a flat-rate C$1.5 fee per transaction. They don’t charge withdrawals, but cash-outs from iDebit to your bank account cost C$2 per payment. It takes 2 – 5 days to receive funds from the casino.

iDebit currently works in 20 countries and allows payments in different currencies with the conversion from Canadian dollars.

Is iDebit Safe?

Safety is among the major reasons why Canadians choose iDebit for casino gambling. This payment method allows you to transfer funds safely without revealing bank account data. Transactions feature several protection layers, including 128-bit SSL encryption. Our iDebit review has proven its safety and reliability.

What Is Instadebit?

Instadebit is a Canadian instant banking solution that has been around for 20+ years. It enables payments from your bank account to merchants worldwide. Instadebit currently supports transactions in Canadian and US dollars.

Instant banking payments require an account with the payment system. You can create one on the official website or during the first casino payment. It requires your SIN, full name, email, bank account number, and address. The system then sends a small deposit under C$2 to your account. Enter the exact number to verify your account.

Our Instadebit review showed that the banking method works both for deposits and withdrawals. Casino top-ups come with a flat C$1.95 fee. Withdrawals to the system are free, but it costs C$2 to cash out funds to your bank account. Payouts take 2 – 5 days.

Note that Instadebit doesn’t work like an e-wallet, so you can’t store funds in the system. Also, you can link only one bank account.

Is Instadebit Safe?

Instadebit is a respected Canadian online banking provider. It offers fast and secure payments protected by 128-bit SSL encryption. Casinos don’t get personal or bank account data when you deposit or withdraw money.

Getting Started with iDebit and Instadebit

iDebit and Instadebit are fast and easy-to-use payment methods. They are very alike but have some differences in transaction verification and processing. Here is how you use them for gambling payments.

How to Deposit in iDebit Casinos?

You have two options for using iDebit: create an account or be a guest user. They slightly differ in the payment process. We have already mentioned how to create an account with iDebit, so let’s get straight to deposits. Follow these steps to replenish your account in the iDebit casino in Canada:

1. Register an account with the payment system or skip to use it as a guest.
2. Sign in with your online casino that accepts iDebit.
3. Go to the Cashier section and click “Deposit.”
4. Choose iDebit on the list, enter the payment sum, and select your Canadian bank.
5. Log in to your online banking through the iDebit system using your standard credentials.
6. Choose the account to debit and confirm the transaction.

iDebit deposits are instant.

How to Deposit in Instadebit Casinos?

Using Instadebit requires a verified account with the payment system. We have briefly described the steps to get it above. Once you have an Instadebit account with a linked bank account, you can pay in casinos and withdraw money. Here is an algorithm for depositing money in the Instadebit casino in Canada:

1. Register an account with Instadebit and verify it.
2. Sign in to your Canadian online casino and open the Cashier section.
3. Choose Instadebit and enter the deposit amount. Proceed to the payment system.
4. Sign in with your Instadebit credentials.
5. Approve the transaction.

The money should be in your account in no time.

10 Casinos That Accept iDebit and Instadebit

We have created a selection of casinos that accept the reviewed payment methods. A gambling site on the list may be an Instadebit casino, iDebit casino, or both. Consider the websites below for online gambling in Canada.

Pros and Cons of Instadebit and iDebit

We’d like to have a perfect banking solution for casino payments, but it’s barely possible. Each one has benefits and drawbacks, so the idea is to choose one with more advantages and insignificant disadvantages. Here is a comparison between Instadebit vs iDebit, as well as the pros and cons.

Final Thoughts on iDebit vs Instadebit

Our review and comparison showed that these two banking solutions are almost equally good. They provide instant deposits, a high-security level, and the best usability. We deem iDebit slightly better due to a lower deposit fee and no-registration transaction processing.

You now have a suitable payment solution for gambling transactions. So, it’s time to find some games to play and bonuses to claim. Explore our blogs and reviews to learn about the best gambling opportunities in Canada.