Why is Instadebit one of the most popular payment methods in Canada?
Added on October 25, 2024, in Gambling Articles by Gambling Gurus
According to legend, there used to be a bank transfer payment system so simple and easy to use that people couldn’t believe it was real. Those who tried to convince others of this reality were dismissed by society. While this tale may be a mere folklore, InstaDebit is certainly a real, straightforward payment method!
When it comes to the Canadian players, one of the most frequent issues encountered by them is the delay they’re facing every time they try to get money on and off a casino platform. But this became less and less of a problem ever since InstaDebit was launched back in April 2003. InstaDebit is a bank transfer payment method which has no requirement for you to hold a bank account in any particular bank. There is only one condition to use it and that is requesting you to open an account with InstaDebit and provide them with the necessary information regarding your own bank account. Once you become a user of this banking option, you’ll see that its services are as easy to use as writing a cheque.
How does InstaDebit actually work?
Either if you are a hardcore gambler or just a casual player, an InstaDebit account is a must because with it, you can transfer money directly from your bank account to all the InstaDebit casinos in Canada. Of course, upon registration, you’ll be asked to provide specific biographic information such as your date of birth, bank information and the last 4 digits of the SIN number. These details are a standard requirement and they serve no other purpose than to ensure and improve the security of your account.
An InstaDebit account guarantees that you’ll be able to manage your money without revealing your personal banking information to the gaming platforms or third parties. Also, most of the online casinos that use this payment method offer to their users the option to make deposits and withdrawals using Canadian Dollars, which means less worries about exchanging rates.
What can you benefit from when using InstaDebit to manage your funds?
As we previously discussed, a first great advantage this type of payment method is that you do not have to provide the websites with your personal information. This could probably be the most important fact when choosing to apply for its services, because your details could “mysteriously” get to third parties if you provide them directly to the casinos. We’re not saying that gambling websites are not trustworthy, we’re just saying that’s it’s always a good thing to be a bit more careful.
Top 3 InstaDebit Online Casinos for Canadians
Another benefit that you’ll instantly notice about using InstaDebit is the speed with which your money is transferred into your casino account. Online InstaDebit transactions are known to be faster than most of the other banking options, meaning that you’ll get to place a bet sooner than you’ve been expecting.
And the least, but not the least, the security. There’s no need for you to worry about your data because InstaDebit is fully protected by McAfee Security, Norton Secured and Privacy Feedback Powered By TRUSTe which are some of the most prestigious and trustworthy security trademarks.
Why is InstaDebit so popular among Canadian players?
Canadian online casinos that use InstaDebit as a payment method have gained acceptance and popularity among players mostly because InstaDebit has incorporated top data security. Also, its systems have the most sophisticated and reliable anti-hacking software available nowadays. It has included a 128-bit encryption key in the security features which ensures maximum protection of your financial and personal information from any potential security breach.
Also, aside from the anonymity matters, creating an InstaDebit account is free and easy. You can register an account in moments and begin using it in no time. Once authorized, there is no limit on how many withdrawals and transactions you can make without being charged hefty fees. The convenience of making payments directly from your bank is supposed to save you from the hustle of having to wait for days or weeks for your money to be transferred.
Are there any disadvantages?
If we were to try and think of the main disadvantage InstaDebit has, we would probably just think about the fact that transfers can only be made within the country. This means that players who are not from Canada will not get the privilege to enjoy real-time transactions. That’s why it’s always a good thing to check if such transactions are available in the country you’re in before choosing this banking option. However, you should not experience any problems of this kind while you’re on Canada’s territory and playing at Canadian casinos.
In conclusion, the increased popularity of InstaDebit in Canada has seen most top online casinos embrace this payment method. Not only that it’s a safe banking option, but its simplicity and withdrawal time will surely enhance your gambling experience to its maximum potential.
