iDebit is a safe and convenient online payment service that allows Canadian users to pay merchants directly from their checking or savings account. The service launched a few years back, and since its inception has been on an upward trajectory, experiencing rapid growth.
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When using iDebit, funds transfer instantly in a hassle-free and secure way. There is no need for inputting any sensitive data, such as bank account numbers or credit card information. A Canadian player has to meet two conditions to use iDebit for online gambling such as slots and table games. He or she must have an iDebit account, and also, have a bank account and online banking active with one of the top eight financial institutions in Canada.
The service is similar to Interac as both methods facilitate payments to merchants without the need to allocate funds in a digital wallet. Additionally, iDebit even lets potential users demo the service before committing to it.
Deposits Withdrawals Options for Canadians
If you have an iDebit profile that’s connected to a bank account, as well as a casino account with a platform that accepts the payment method, then you’re ready to fund your iGaming experience. Head over to the cashier tab of the casino site, select iDebit as an option and specify your desired amount. A window will appear where you will have to enter your iDebit login information. Then you must choose your bank and enter relevant data. You will also have to verify and approve the transaction for your funds to land in your casino balance. In most cases, the deposit should be free of charge.
When you’ve hit that big win and want to collect, you can easily withdraw funds from your casino account using iDebit. The process is similar to depositing. However, keep in mind that while depositing is instantaneous, you may have to wait up to 5 banking days until your funds transfer over. Then, you may have to wait for more if you want to move the money from your iDebit balance to your bank account for withdrawal.
Advantages of iDebit
Speed and convenience are the two main factors for choosing iDebit. The learning curve is super-fast, and users can execute payments with a click. It’s also one of the safer money-transfer services that you can find online. It works directly with reputable banks that are dependable institutions that safeguard your money, and iDebit provides an added layer of security. There is little to no chance that your data will fall into the wrong hands.
Disadvantages of iDebit
If you don’t have online banking or your bank is not in partnership with the service, then you cannot use iDebit. It’s also not the most popular payment solution out there, so finding a gaming site that accepts it may be difficult. The withdrawal times can take up to 5 banking days, and there are fees for transactions from your banking account to a merchant. The same holds for transferring funds from iDebit to your bank account. It adds up.
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