Instadebit For Online Casinos Delivers Convenient Money Operations
Although an e-wallet platform, Instadebit has often been described as a banking method that offers transfer speed, somewhat fair fees, and highly advertised security features. Here, you will find the most important information about Instadebit, and how the services of this company are often associated with online casinos and other popular platforms. Many people have seen the Instadebit logo placed under the banking options of online casinos, but only a handful of them have managed to use it – this is because this company, is Canadian. Let’s check it out.
What is Instadebit – Essential Information
Instadebit is a company that provides exceptional e-wallet services; however, the unique part here, is that it is linked to your bank account. This does provide significant security features, as well as full control over your finances – Instadebit will not initiate any transfers without your approval. Should you like to have a better grasp of your fund’s management, you can always request an authentication protocol from your bank.
The Linking Process
The way this works is that after you register an account at Instadebit, you will need to input your banking details. After you do so, Instadebit will make a deposit to your bank account of a few dollars so that they can establish a financial transfer connection – you will probably receive a telephone call from your bank, to confirm that you’ve associated an e-wallet platform with your savings account. Once this process is complete, you will be good to go.
Availability – Only in Canada
For better or for worse, Instadebit is available only to residents in Canada. The company has been on the market for nearly a decade and continues to grow its fanbase even further. This Canadian e-wallet company is able to perform transfers only to the US and Canada – a fact that significantly limits the needs of online casino players around the world. Also, transfers can only be initiated for merchants – which already sounds quite restrictive.
Payment Cards are Unavailable
Considered to be a major drawback, Instadebit does not issue any type of debit/credit cards. This can be especially tedious for European online casino players – in most cases, people use their cards to fund their account. Upon official inquiry, there is no news about the company’s intention to issue cards in the future, which further decreases the availability of any Instadebit services.
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Regardless of Instadebit’s shortcomings, they do possess a number of certificates that assure of their business security and safety. The first is by the institution TrustArc – a company that participates in the Enterprise Privacy & Data Governance Practices Certification program. Other certificates are issued by McAfee as well as by Norton. Both of those names are renowned in the field of anti-virus software development, and their certified coverage is indeed a valuable addition to Instadebit’s brand.
Connected to Famous Brands
Instadebit payment solutions are presented in some of the leading brands in the online world – Facebook, Playspan, Playdom, World of Tanks (a popular computer game) and the platform Live Gamer. Linked to many other famous brands, Instadebit seems to be one of the most preferred financial institutions when it comes to performing payments inside of the country.
Additional Information on Online Casinos and Instadebit
Online casinos that accept Instadebit are either located in Canada or simply have coverage to the country. That certainly provides difficulty for European gamblers – due to special regulations, not every online casino offers Instadebit as a banking method. Additionally, if you would like to fund your Instadebit account with a VISA, MasterCard, or any other debit/credit cards, you will not be able – funding is possible only through the bank account Instadebit is linked to.
Transferring Money – Allowed Transactions and Costs
We’ve found out that the transfer politics of the company are so strict, that you can’t even send money to a friend – even if they had their own Instadebit account! In fact, the only transfers you are allowed to make, are to merchants, and your own bank account. On the upside of things, the fees for sending money to a merchant would cost you $1.50 CAD or $1.15 USD.
The Instadebit App is Missing
We’ve done some serious investigation for the presence of a mobile application, but there wasn’t any – which is kind of strange. Usually, 90% of e-wallets online have their own dedicated software for mobile users, and the only capability of Instadebit in that aspect is a surprisingly optimized website for smart devices (smartphones and tablets. The graphics resolution will adapt to your particular device, and you will be able to fully utilize the platform’s instruments, without having to worry that the website’s visual appeal.
A Short Multi-Currency List
While even a large number of casinos operate in a relatively small quantity of currencies, it can be overlooked, as their principle of business isn’t connected to the main purpose of transferring money. Bear in mind that Instadebit is only available in CAD, EUR, GBP, and USD only. While there might be conversion fees, the best way to check what they are by visiting the official website.
Online Casinos Still Offer Instadebit Functionality
There is a reason why online casinos that accept Instadebit still continue to do so, and this is because any transactions are done instantly. Say what you will about this e-wallet, but it is still preferred in many online casinos. The fact that Instadebit has operated for so long, shows that the company not only turns a profit but also steadily increases the number of its customers.
While Instadebit is considered to be an e-wallet, it is more of an alternative to Internet banking. Even if your own bank has online transfer functionality, the fees are definitely going to be higher than usual, so Instadebit is still an economic solution for your online purchases. It is easy to use, and its security protocols are compliant with the latest industry standards – if you’re a resident in Canada, Instadebit is an e-wallet choice that will perfectly serve your online casino needs.