In the sea of casino payment methods out there, iDebit stands among the most popular in Canada. This e-wallet enables players to make payments to online casinos straight from their bank account. Since bank transfers can be slow—even if 100% safe—this middleman hastens the process with the added benefit of bank-level security.
You can use it to make simple and fast deposits and withdrawals. It works with local currencies, and since your bank accepts CAD, you can eliminate currency conversion fees. Check out the best iDebit casinos below in 2023 and make your pick – you won’t regret it.
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Planet 7 casino
High wagering requirement
Failed payouts
Rigged games
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Extreme casino
High wagering requirement
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iDebit at a glance
Positive
Bank-level security
Accepts CAD
Instant deposits
Supports withdrawals
Negatives
Internal fees
Can only be used with bank accounts
Company Overview
Company name
iDebit
Type
Private company
Founded
2006
Solution type
Online banking
Headquarters
Toronto, Canada
Key markets
Canada
Website
www.idebitpayments.com
Advantages of using iDebit for online gambling
There are plenty of advantages of using iDebit in online casinos. Obviously, the biggest one is that it allows you to make fast bank account transfers without sharing or leaking your bank details online. It’s easy to use – as soon as you register for the payment method’s services and connect it to your bank account, deposits and withdrawals are as easy as it gets.
Bank-level security
One of the best things about using iDebit in online casinos is the bank-level security. The company has high security standards that mirror the biggest banks in the industry. This is a massive advantage over any other payment method and goes beyond the 256-bit SSL encryption. There are mechanisms in the background you can’t see, but you don’t even need to – you can rest assured this payment method is as safe as it gets.
Fast transactions
Bank transfers are slow, especially when it comes to withdrawals. But, with iDebit those waiting times are greatly improved. Both the deposit and withdrawal times are almost instant, depending on what your casino of choice has set as a timeframe.
Free and easy to use
The iDebit service is free and very easy to use. Once you sign up, you should only connect it to your bank account. Those bank details will stay safe since everything you enter at the website is SSL encrypted. When you’re ready to pay, you can use your logins and the service will take care of the rest. Even if you’re a new casino player, you shouldn’t have trouble using iDebit.
Supports withdrawals
Unlike some of its rivals, iDebit can be used for both deposits and withdrawals. That’s a huge advantage for all players as it simplifies things. You can use one payment method instead of two, sending money from your bank account and receiving winnings.
Note: all deposits in online casinos are finite. Once you make a deposit, you can’t reverse it. This is done to prevent money laundering and not allowing third parties from getting access to your data.
Disadvantages of iDebit
While the iDebit pros far outweigh the cons, you should be aware that it’s not a perfect payment method. There are some disadvantages you need to learn about, and we’ve listed the biggest drawbacks below.
Fees
While the service is free to use, you should be aware of some fees. For example, every transaction costs C$1.5, while transferring funds from your iDebit account to your bank account costs C$2. On the other hand, if you use your iDebit balance directly, there are no fees.
Bank account funding only
iDebit is a bank account exclusive. You can only connect it to your bank account, so you can’t use other payment methods to fund it like your debit card or an e-wallet. That’s not a problem for some players, but others won’t like online casino transactions to be associated with their bank accounts.
How to deposit with iDebit at online casinos
How to deposit with idebit ONLINE
Making an iDebit deposit at online casinos in Canada. It will only take a few minutes for you to complete the transaction and start playing.
Find a good iDebit casino
Choose one of our iDebit casinos and register. Log in with your new credentials
Select iDebit
Click on iDebit’s logo and enter your username and password
Enter the desired amount
Once you enter the desired amount, you will be redirected to your bank’s login page
Log in with your account
Enter the details and click on Deposit to approve the payment
Approve the payment
If your bank uses 2FA, you will be asked to provide the code (SMS or email)
Note: for security reasons, your time to complete the transaction is limited. Most banks have a 15-minute window, although it can be shorter or longer for yours.
Online casino withdrawals with iDebit
Head to the iDebit casino’s Cashier page
Choose iDebit from the options
Enter the required details and the desired amount
Click on Withdraw to approve the transaction
Note: before your first withdrawal, you will need to complete the KYC check. It requires sending a few personal documents to the casino that will verify your identity. It’s a mandatory process that usually takes about 24 hours.
– Proof of identity – valid ID card or a driver’s license – Proof of address – utility bill with your name and address on it – Proof of payment method – bank statement or a pic of your card front and back
Similar payment methods to iDebit
There are plenty of iDebit alternatives on the market which offer different ways to deposit and withdraw. If you prefer to use another option, you can take a look at the payment methods below.
Bank transfers aren’t the most popular option among casino players due to the slot processing times. However, emerging options such as iDebit have made them popular once again. They’ve sped up the process and retain mostly the same limits as bank transfers, making them a great option for high rollers.
While iDebit isn’t the pioneer in this category, it’s certainly among the better options out there. It’s impact on the online gambling market is immense, and that’s why there are so many iDebit casinos on the market
Conclusion
If you feel most comfortable with bank transfers but you don’t want to use it directly, iDebit is a great choice. It facilitates bank transfers like many others, with almost no disadvantages to think of. While there are certain fees, you can always transfer money for free via your iDebit account, and that’s something to admire.
The banking option is easy to use and fast, and a perfect fit for high rollers. Add a trusted casino with fast transaction times and it’s a match made in heaven.
FAQs
Is iDebit reliable?
Yes, it is. iDebit uses money from your bank account and offers top-notch security, so privacy concerns shouldn’t be an issue. Choose a trusted casino and you can rest assured there won’t be any leaks.
Can I use iDebit for withdrawals?
Yes, you can. That’s one of the biggest advantages of this online banking option. You can withdraw winnings with it much faster than you can with any other option.
Does iDebit have a mobile payments app?
No, it doesn’t, but the mobile website works like a charm. You’ll just be redirected to your bank transfer logins, so it’s easy to use.
Are iDebit casinos legit?
The iDebit casinos we feature on this page are 100% legit. They are all licensed and have advanced safety and security systems that you can rely on.
Are there fees to iDebit transactions?
There are some fees associated with iDebit transactions when you move money in and out between your iDebit account and your bank account. But, they are tiny, so it shouldn’t be a big problem for most players.
