Canadian players in the online gambling scene are always looking for top payment options, and this is where iDebit comes in. It is one of the secure payment options available in Canadian casinos, and it supports low deposits and minimal fees.
This article will introduce some of the features of iDebit in Canada, its pros and cons, and its fees. It will also provide some information on top sites that support deposits using this payment option.
IDebit review: What’s that?
iDebit is a payment solution that allows users to complete online transactions using their bank accounts. It serves as a middleman that safely connects an online casino to your bank’s payment system.
Once you choose this casino payment option, all you need to do is provide your email and password, then approve the transaction to fund your account. You don’t need to provide your bank account details or connect the casino directly to your bank, which is a significant advantage.
Features of using iDebit in online games
The first step in using this payment solution for online gaming is to set up an account. Anyone 18 or older can create an iDebit account and send money to a casino account. National Bank, TD Canada Trust, and Scotiabank are some banks with which the payment method works.
You can only use one bank account, but this is a useful feature that can help limit your spending at online casinos in Canada. Additional features you can enjoy when using this banking method on many online casinos include:
- Low deposit requirement: Although some casino sites accept deposits as low as $5, the $10 minimum deposit on most casinos is still a great option for low rollers.
- Chance to claim a welcome bonus: iDebit is a popular option for claiming a deposit bonus, free spins, and other promotions at online casinos.
Are there any fees or restrictions on using iDebit?
Using this option as your preferred payment method on Canadian online casinos means paying certain transaction fees. When you choose this payment service, these are the fees to expect:
- A C$1.50 fee is charged when completing online banking transactions (funding your casino account).
- There is a $ 2 fee to move funds from iDebit to your bank.
In addition to these standard fees, the iDebit online casino you choose to gamble on may also impose fees. Although these fees may seem insignificant, they can quickly add up if you make deposits or withdrawals regularly.
There are also limits on deposits and withdrawals you can make at a casino.
Many of the best iDebit casinos have transaction limits between C$10 and C$10,000. Thanks to this low deposit limit, many budget gamers in Canada can enjoy their favourite slots or table games.
Pros and cons of using iDebit
When you choose to use this payment method for gambling, there are several benefits you stand to gain. However, there are also some issues with its use.
Advantages of Using iDebit
- No need to share bank information: One of the main benefits of this payment option is its protective feature. It helps you move funds from your bank account to a casino wallet, but you won’t need to share your card details or banking information. This provides additional protection from hackers.
- Available for deposits and withdrawals: This is one of the few payment methods that support both deposits and withdrawals at online casinos. This relieves the stress of searching for another payment option to process a payout.
- Industry-standard protection: Thanks to its 128-bit SSL encryption, using this payment service grants you brute-force resistance and strong security for online banking activities.
As iDebit itself writes about timely detection of potential fraud, “iDebit uses sophisticated algorithms to analyze transaction patterns and user behavior.”
- Instant deposits: The deposit transactions you process with this payment option are instant. This means that you can start playing with your funds within minutes.
Disadvantages of iDebit
- Transaction fees: Although low, this is one of the few payment solutions that charges for transactions. These fees apply to deposits and withdrawals, so check before processing any request.
- Not supported by all banks: Although the payment service is available in Canada, it is not integrated with all banks. You must confirm that your bank supports this payment solution before playing at an iDebit casino.
- Multistep withdrawal process: This payment method lets you withdraw funds from your casino wallet to an iDebit account. Once the withdrawal is successful, you must transfer the funds from your account to a bank account.
The Best online casinos accepting iDebit deposits
iDebit remains one of the top options in Canada for a payment service with excellent security features for online gaming. You don’t need to provide personal banking information, and it’s supported by most major banks in the country.
If this is one of your preferred payment options, finding the top online casinos with iDebit payments is crucial. To pick the best iDebit casinos in Canada, these are some factors we consider:
- Mobile casino service
- Minimum casino deposits
- Bonuses for deposit with iDebit
- Game library
- Customer support service
- Regulatory licensing
Conclusion
iDebit and InstaDebit are two banking transfer systems that many Canadian gamblers consider for their payment needs. Picking one of the two depends on your playstyle, but iDebit often wins out for its low deposit transaction fees.
Despite being an intermediary between your bank and online casino, iDebit is a safe payment service that utilizes 128-bit encryption. As one of the widely accepted payment options on gambling sites, it remains a fast and safe choice for Canadians.
