InstaDebit Banking

Instadebit is a well-established Canada-based payment processing company that facilitates customers to make payments for goods and services over the Internet. This payment option has started popping up on iGaming sites in countries like Australia.

As an online gaming payment option, it should be attractive to online gamblers, who are always looking for a fast and efficient way to send money without a credit card or disclosing personal information to their online casino. It's up to the gambler to verify with their online gaming site as to whether or not a non-Canadian resident is allowed to use this option. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.


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InstaDebit

How It Works?

The best way to describe how Instadebit works is to mention the company name PayPal. In fact, the company follows many of the same processes and procedures as that company. The process starts with a customer registering for an account through Instadebit's website. During the registration process, the customer is required to provide their banking information. When done, Instadebit's system will generate a very small transaction to be sent to the customer's bank in order to verify the banking information is accurate.

Once the registration and banking verification process have been completed, customers are permitted to initiate payments to any merchants willing to accept this particular payment option. If an online gaming site or online merchant accepts Instadebit, they will list it under the site's banking options and usually provide an icon in order to promote a fast connection.

It's also possible for customers to initiate a payment directly from their Instadebit account to the merchants account if they have the proper banking information. If the customer's account has been pre-funded, the payment will process immediately. In other case, Instadebit's system will seek the funds from the customer's bank account and release the pending payment automatically as soon as the money has been received.

Security

Online gamblers will be happy to know they get three levels of security when using the Instadebit payment option. First, they need not worry about outsiders getting their banking information from the online casino site because it’s not required to be given or kept on file. Second, most online casinos employ a minimum security requirement of 128 bit SSL encryption coding to protect its site and customer's information. Finally, Instadebit also uses banking level encryption technology to keep its site safe from outsiders.

Banking

Instadebit does not charge its customers for payment services. It is incumbent on online gamblers to verify whether or not their online gaming site charges any fees for its own benefit when customers use this banking option. Unless otherwise stated by the online gaming site, Instadebit is available for both deposits and withdrawals.

Summary

Instadebit is an online payment option that allows users to pay for goods or services on merchant sites. Note that it’s not an e-wallet as funds cannot be directly deposited into one’s Instadebit account from their bank account.

Posted by CCJ Team