Online casinos have become incredibly popular over the last
few years, especially in Canada. In fact, according to
statistics, the Canadian online casino industry brought in
almost $6 billion in revenue in 2017 alone. We completely understand why too,
as online casinos offer gamers a wide variety of titles from all different
genres, and you can play them all from the comfort of your own home.
Another aspect of online casinos that have helped them
become the thriving industry we know today is the sheer amount of payment
methods they supply. There’s the traditional debit or credit card options as
well as more modern eWallet variants such as PayPal and Skrill. More recently,
Instadebit has become particularly popular across Canada and at Canadian online
casino. Here, we thought we’d take a look at this new addition to payment
options and weigh up the advantages and disadvantages of using it.
"Credit Card
Issuers" (CC BY 2.0) by Philip Taylor PT
Upon first glance, Instadebit doesn’t seem too dissimilar
from the likes of
PayPal. The company works with Canadian banks to allow customers to
transfer money over the web, either to or from their bank accounts. Registering
an Instadebit account is also incredibly easy and requires just the most
relevant pieces of personal information. Best of all, the account is entirely
free and even when transferring money, costs are often extremely small, if they
occur at all.
So, why do people use Instadebit instead of just using
PayPal or one of the many other services that already exist? Well, the main
reason is probably that many Canadian online casinos work with Instadebit. Not
every casino has it, of course, online casino Mr
Green, for example, opts to stick to world-renowned, tried and trusted payment
methods such as Mastercard and NETELLER, but dozens of newer casinos are now
taking on Instadebit. As to whether that’s a good idea or not, let’s look into
it.
There are some extremely important factors to consider when
transferring money online. Is the payment method secure, quick and backed by
customer support, for example. Fortunately for Instadebit fans, it seems that
the company has all of this covered. Instadebit employs high-tech encryption
tech that protects user information and all accounts are monitored constantly
to ensure nothing suspicious is happening. There’s also a robust customer
support on hand at all times, which can be contacted by phone, live chat, email
or even post. Finally, withdrawals from online casinos rarely take a long time
when using Instadebit, with few people reporting waiting periods longer than 72
hours. Plus, Instadebit can work with a multitude of different currencies so
you can work with whatever you need.
Clearly, Instadebit has a lot to offer Canadian iGaming
fans, but not everything is perfect. Firstly, the payment option only works in
Canada which is bad news for anyone who wants to play while away from the
country. Also, Instadebit doesn’t yet work with all Canadian banks so any
newcomers will have to double check whether they are eligible. If your bank
does accept Instadebit, bear in mind that the method will only link to one
account so choose wisely.
Really, Instadebit is perfect for Canadian online gamers, so long as they have the right bank account. Chances are this will apply to you as Instadebit works with most banks, but it’s always a good idea to have an honest look at services you are using. Especially when those services are dealing with your personal information and money.
Mathieu Blake - Internet Entrepreneur, loves technology, sports, the Montreal Canadiens, Poker, Poker chips, current events and travel. You will often find him Writing about different topics that interest him on websites and blogs. To submit an article, contact the website directly.
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