If you want to make a payment from your Canadian bank account directly to the online casino you are playing in, then InstaDebit is a very good option for you. Paying for online gaming transactions becomes extremely easy here as it provides a completely secure platform for it. Unlike other payment alternatives, InstaDebit is capable of accessing the bank account directly. So, for the layman, it is quite similar to writing an electronic check or using an electronic debit card. It is more like using a debit card as when you use to check, where you have to wait for a particular amount of time before the funds are transferred. But here, the transfer is immediate. If you are a customer, then you will have to incur no service charge with the InstaDebit card. But if you are a merchant, then there will be transaction fees applicable
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How does InstaDebit Work?
Now, in order to avail the conveniences of this card, you must know how it works. At first, you will have to go to their website and sign up in a two-step process. First, you have to provide complete information about yourself – including your name, address, date of birth, and the last four digits of your social insurance number. Then comes the second step, which is basically entering the details of your bank account. The signing-up process is followed by the information and identity being checked through the banking system in Canada. The verification rights are usually limited to a credit bureau. Customers of InstaDebit can be assured of their privacy being secure, as it uses the TRUSTe Privacy Program for it.
Once the signing-up process is done and the account is up and running, the customer can easily utilize the email and password and make whatever purchases they want. This can be done by going to the vendor’s site and clicking the InstaDebit logo. Thereafter, you would have to put in your username and password for InstaDebit, followed by selecting the to-be transferred amount of money. After that, the online casino account would simply get the money. You can easily view a history of whatever transactions you have done by using the website InstaDebit.
The task of withdrawing funds is quite simple too. Once withdrawn from your online casino account, the money gets deposited in your InstaDebit Balance account. You can thereby utilize this money for various purposes – be it making online purchases, conducting future casino transactions or simply putting it in your bank account.
Using InstaDebit
From the above-stated words, it is clear that the advantages of using the InstaDebit card are numerous. But, it does have its fair share of limitations too. The limitation that stands out the most is the fact that this payment facility is restricted only to the people in Canada. In other words, only Canadian banks are allowed to be registered here. If you are from any other country, then you will not be entertained. The amount of time taken to transfer funds is another limitation. Usually, it takes about five business days. In spite of these limitations, if you are on the lookout for a safe and secure way to transfer funds, InstaDebit is still a great option. The best part is that you will not have to pay any signup or transaction fees. And your privacy remains secure too. Since it works like a debit card, you do not end up spending more than you have and hence are saved from credit too.
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