For Canadians, like everyone else, finding a convenient payment method is vital in iGaming. Fortunately, there are lots of excellent payment solutions, including InstaDebit.
This payment solution is quite popular among Canadian online gamblers. It facilitates the transfer of funds straight from a bank account to a casino account.
With InstaDebit, you don’t have to worry about safety. The payment method offers much-needed convenience when transacting online.
On this page, you will learn all there is to know about InstaDebit. Our guide includes details on how to create and use the payment option, the fees involved, benefits, and drawbacks.
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| Company name | InstaDebit |
| Website | www.instadebit.com |
| Type | E-wallet |
| Country | Canada |
| Casinos using it | 70+ |
| Deposit/withdrawal time | Instant / 2-3 days |
| Fees | Deposit – Free
Withdrawal- Free |
InstaDebit is an e-wallet based in Canada and created on March 5, 2003. It offers a reliable and convenient service for Canadians who want to transfer funds safely over the internet.
The payment method has a great user experience. For this reason, it has gained a large user base outside Canada as well.
Notably, InstaDebit works quite differently from other popular e-wallets. Unlike other e-wallets, InstaDebit lets you transfer funds directly from your bank account to a casino account, and vice versa. With it, you don’t have to deposit money to an InstaDebit account
InstaDebit is a perfect option for instant money transfers hence its name. Making a casino deposit using InstaDebit takes a couple of seconds to complete. It also clears transactions with your preferred bank almost immediately.
Setting up an InstaDebit account is not too complex compared to other e-wallets. You will be able to top up your casino account in less than 15 minutes. Canadian players are only required to provide their basic information and bank account(s).
InstaDebit works with all financial institutions in Canada to accommodate all residents. As a result, it is a pretty popular e-money transfer service in the country. In fact, it is among the most inclusive payment options.
Upon account creation, you can use your InstaDebit almost immediately. This is because the e-wallet does not have any approval or activation wait time.
Moreover, it lets you link more than one bank account if you wish to. However, the website will delete any untruthful or duplicate banking information.
The iGaming space in Canada has so many legal casinos in operation. However, not all are capable of delivering on fast payouts. For this reason, we at Fast.bet have decided to assess various online casinos in the country. The following are reviews of the fastest withdrawal InstaDebit casinos in Canada.
CasinoChan Review
CasinoChan is a fairly new casino in the Canadian online gambling space. The casino is owned and run by Dama N.V (formerly Direx N.V). It has been in operation since 2020 and has gained a 4.7/10 trust score.
The gambling site has a large game library with slots being the most prevalent games. Its ever-expanding catalog also includes table games, live dealer games, and Bitcoin games.
In total, the casino offers more than 2500 games. A vast majority of the games are mobile-friendly. This makes it easy to play on the move.
CasinoChan has made it easier for players to locate their favourite games. At the casino, you can search for games by category or provider.
Some table games and slots have demo versions. This way, you can play them without making a real money deposit.
CasinoChan supports various deposit and withdrawal options. For Canadians, options such as Visa, InstaDebit, Interac, Neteller, iDebit, and MuchBetter are available.
Currently, the minimum deposit amount set by the casino is CAD 20 or equivalent crypto. Moreover, the least amount you can cash out from the casino is CAD 10.
CasinoChan is licensed under the laws of Curacao. This is an assurance of fair and safe gameplay.
Online since: 2020
License: Curacao
Website: casinochan.com
Huge game library
Crypto friendly
Gnereous bonuses
PlayFast Casino Review
PlayFast Casino is one of the newest gambling sites in Canada. The casino opened its virtual doors in 2021 and has since then attracted many players. It is owned and managed by CW Marketing B.V.
Despite its short period of operation, the casino is quite a popular gaming site globally. Thanks to its unique design and bonus incentives, the fan base is set to grow bigger.
PlayFast Casino has an exhaustive game portfolio. Currently, it offers more than 3000 games from top-tier software providers in the world.
The gambling site offers video slots, poker, Megaways slots, various roulette variations, and blackjack. This way, the casino has offerings tailored for players with different tastes.
PlayFast Casino supports a vast range of payment methods. However, some of them will only be available depending on your country of residence.
Anyone within Canadian borders can use InstaDebit, Interac, Visa, Neteller, Trustly, and iDebit for both deposits and withdrawals.
The casino only accepts 8 popular fiat currencies. These are EUR, CAD, USD, JPY, GBP, RUB, NZD, and AUD. Therefore, Canadian players do not have to incur currency conversion fees.
Notably, the minimum deposit and withdrawal amounts at PlayFast Casino are CAD 20 and CAD 10 respectively.
Online since: 2021
License: Curacao
Website: playfastcasino.com
Casino games and sportsbook
Numerous secure payment methods
Home top software providers
Setting up an InstaDebit account is an easy and quick process. You can get your account up and running in less than 15 minutes. To do this, you will have to provide some information to let InstaDebit process your transactions conveniently. Let’s have a look at the steps you need to follow when creating an InstaDebit account
Time needed
Tools needed
Software needed
Go to the InstaDebit website
The first step when creating an InstaDebit account is by visiting the official website. After loading the log-in page, click on the Sign-up button. You will be redirected to a signup form that has to be filled out accurately.
Provide your personal information
Fill out the registration form with your basic information. These include your full name, last four digits of your SIN, residential address, date of birth, and valid email address. For verification purposes, ensure to fill in the information correctly. They also help to prove that you meet all requirements set by InstaDebit.
Verify your details
To proceed, you will have to verify some information on your end. Therefore, ensure your name, SIN, and date of birth are accurate. Afterward, head to your mailbox and follow verification instructions from InstaDebit.
Link a bank account
Next up, you will be required to link your preferred bank account. InstaDebit has no set requirements for the bank account to be linked. As long as it is from a Canadian financial institution, you are good to go.
You will provide the financial institution’s number, your transit number, and your bank account. These details are always available on your check. However, you can ask your bank to provide them.
Add funds to your InstaDebit account
During bank account verification, instaDebit will limit your account activity. Afterward, InstaDebit will require you to deposit a certain amount to gain full access. Make sure to deposit the exact amount or more to avoid account suspension.
For the most part, making a casino deposit in Canada using InstaDebit is usually free of charge. Moreover, the transaction takes a few minutes to complete so that you can start playing.
Note that InstaDebit will still charge you some fee when you choose to deposit directly from a bank account. The standard fee when paying directly from your bank account is CAD 1.95 Still, the payment will be processed relatively fast and conveniently.
When it comes to casino withdrawals, InstaDebit does not impose any fees if you withdraw to your InstaDebit account. However, you will be charged if you choose to withdraw directly to your bank account. The fee charged when cashing out to your bank directly is CAD 2.
Online casino players in Canada have the option of using InstaDebit to hold funds. Therefore, you can choose to use it as an electronic wallet rather than making payments to your bank account.
Having said that, you might wish to withdraw money from your InstaDebit to your bank or other e-wallets. This way, you will have to incur withdrawal fees depending on the financial institution. The fees imposed oftentimes range from CAD 1.9 to CAD 2.5.
Therefore, it is important to always confirm the fees charged when using InstaDebit. Such information can be found on the preferred casino’s terms and conditions.
InstaDebit makes it pretty easy for you to receive your winnings swiftly and safely. For this reason, it has processed billions of dollars in iGaming since its inception.
Like all things, InstaDebit has its benefits and drawbacks that we have to consider to paint a full picture. The following are notable pros and cons of the payment method.
Pros
Cons
Making online payments require a secure and convenient banking option. This is exactly what iDebit was created for. iDebit is an e-money transfer service specifically designed with Canada in mind. It has been used to make several payments thanks to its convenience and flexibility.
The payment option has been on the online space since 2006. Since its inception, IDebit has enabled Canadians to make various payments in an expedited way. It has revolutionized the iGaming space due to its unique way of processing payments.
With iDebit, you can make your first casino deposit without creating an account. However, you will have to sign up for an account to make or receive subsequent payments.
iDebit provides a buffer between casino and bank accounts. This way, it provides safe and much-needed anonymity in iGaming.
If you are looking for yet another innovative banking solution in Canada, you can never go wrong with Trustly. The payment solution has been in operation since 2008. It is the property of Trustly Group AB.
Over the years, Trustly has carved a niche for itself in more than 30 jurisdictions. This way, it is widely accepted by users compared to most banking options.
Trustly has been a game-changer in online gambling. This is because the payment method offers swift casino transactions.
Consequently, Trustly has become quite a popular method of payment at most Canadian online casinos.
With it, you can transfer money faster between your bank and casino accounts. So far, Trustly has processed way over CAD 10 billion.
Skrill (formerly Moneybookers) is an electronic wallet out of London, United Kingdom. The payment method has been in operation since 2004. The main purpose of Skrill is to provide a convenient means of making payments over the internet.
The history of Skrill links quite closely to online gambling. Skrill was the first e-wallet to process gambling-related payments.
Since its inception, Skrill has gained a relatively large fan base. Thanks to its swift and fuss-free payments, the user base is set to grow even bigger.
The payment method currently offers its services in more than 200 countries including Canada. Additionally, it is supported by more than 16000 online casinos and merchants.
Undoubtedly, InstaDebit is one of the leading online payment solutions in Canada. The payment option, like others, has its benefits and drawbacks. From what we’ve gathered, its advantages greatly overshadow its pitfalls.
InstaDebit was designed to offer Canadians unmatched convenience. Since it began its operations, the company has done nothing far from that. For this reason, it has a pretty large user base in various industries.
With InstaDebit, you can make payments directly from your bank account to a casino account. This way, you can enjoy your gambling more conveniently and go about your business as you please.
InstaDebit is an ideal solution for instant casino deposits and withdrawals. The e-wallet has various services automated to ensure transactions are expedited. This way, your funds should be available in a matter of minutes.
Perhaps one of the notable benefits of InstaDebit is its security. The e-money transfer service has various firewalls and systems that help safeguard its customers. This way, your banking, and personal information remain safe when making online payments.
Yet another upside of InstaDebit is that it works with all banks in Canada. Therefore, it does not limit you to specific bank partners like many other e-wallets.
For now, it’s not clear if InstaDebit will extend its reach outside Canada. Be that as it may, it’s still a force to be reckoned with in iGaming.
InstaDebit is both an e-wallet and a payment facilitator in Canada. It allows you to make online payments to merchants and casinos directly from your bank account. Aside from that, you can use it to receive payments from casinos and other users.
Yes, InstaDebit is a pretty reliable and safe payment method. It utilizes the latest 128-bit encryption technology. Also, the website is protected by McAfee which helps detect breaches and malware.
Currently, InstaDebit is only available for those residing within Canada. Maybe it will roll out outside the country sometime in the future.
Yes, InstaDebit is available for both casino deposits and withdrawals. You can choose to transfer your winnings to your InstDebit balance or directly to your bank account using InstaDebit.
InstaDebit itself does not charge any transaction fees on casino top-ups.
Yes, you can claim the bonus incentives in case a casino offers any. However, the casino has the right to deny you a bonus if you don’t meet various requirements
Petter is passioned about fair gaming and online casinos. He reviews the deposit, verification & payout times of each of the casinos at fast.bet manually.
