The payment system offered by iDebit can be used for both deposits and withdrawals internationally, as long as the online casino chosen accepts the payment method for both deposits and withdrawals.
- Funding Your Casino Account
- Withdrawing Funds With iDebit
- Advantages of iDebit
- Disadvantages of iDebit
- iDebit on Mobile
In order to make online money transactions through iDebit, players need to first register an account. Every casino has a certain variation of registering an account and making a deposit, but signing up for an iDebit account is definitely extremely easy. In order to open an account at iDebit, you have to be at least 18 years of age, be a Canadian resident and have an account at one of the banks that support the service.
In order to set up an account, a player needs to go to the service’s website first and click on the “Sign Up” button located at the top right corner. Just follow the instructions and the registration will be complete in a couple of minutes.
Players are also provided with a list of banks that are compatible with the iDebit payment method service and can select the one they have an account with. Once new members have finalized their registration, they are required to verify their bank accounts by linking them through the payment system of iDebit.
There is the option to upload funds to your personal iDebit balance. This way, when you initiate a payment via the service, you will use the funds you have already uploaded to your iDebit account and will not have to pay any additional charges.
There is also the option to use the service of iDebit as a guest when you are paying at an online merchant. This will allow you to sample the work of the intermediary company and create your account after that. If you are using iDebit for your payments online or casino deposits and you have sufficient amount of funds in your iDebit balance, the company system will automatically use your Balance Account funds rather than withdrawing money from your bank account.
Funding Casino Account with iDebit
Making a withdrawal of the player’s money is also easy. In addition, players are usually attracted by the fact that money transactions carried out through iDebit are quite fast and reliable. The only setback of the payment service is that it is available only to players residing in Canada.
iDebit easily solves all issues related to transferring money from one account to another, as acting as an intermediary between the player’s bank and the online casino.
In other words, the customer is actually allowed to make the bank payment by using the iDebit website instead of directly applying for one from the bank. This basically means that the player’s bank only sees the iDebit money transaction as the money transfer gets through.
If you wish to make a deposit to the interactive casino where you play, you should head to Cashier and click on the option that will load the Deposit page. After you have entered the amount you would like to deposit, pick iDebit as your preferred payment option. This will redirect you to a page where you would be asked to either log into your iDebit account or continue as a guest. The next step is entering your user ID and password that you use to log into your online banking account. After you confirm your transaction, your deposit will be complete and your funds will be transferred to your casino account right away.
Withdrawing Funds via iDebit
Sometimes finding a payment option that can be used for both deposits and withdrawals at online casinos can be quite difficult. In most cases, however, iDebit can be utilized for both uploading funds and cashing out of winnings. The process is very similar to the one of making deposits. The only difference is that you cannot use the service as a guest and you have to be an iDebit account holder.
For your cashouts, you have to open the Cashier yet again but select the Withdrawal option. Enter the amount you would like to withdraw and pick iDebit as your preferred payment method. After that, you will be redirected to a page which will prompt you to log into your iDebit account. All that is left is to log into your online banking account and confirm the transaction. After the virtual casino has approved your withdrawal request, you will receive your winnings in a very short time.
Advantages of iDebit
Currently, iDebit is a transaction method which is preferred by many casino players. It has a bunch of advantages that make it different from other payment methods.
One of the key advantages of utilizing iDebit as a deposit method is that players will have the chance to transfer their money instantly. This way the will be able to enjoy their favorite games as soon as they boost their gaming balance. The speed of the iDebit transactions is definitely a great advantage for players who are eager to bet real money on virtual casino games.
In addition to the aforementioned benefit, virtual players who use iDebit for their casino transactions can be sure that their money and personal details are always properly protected. Since you are not using credit or debit card, you avoid sharing your card details with the virtual casino. What is more, the company of iDebit has incorporated different security measures such as SSL encryption which guarantees that your personal details are always properly protected. Another thing that contributes to the high level of security that iDebit ensures is the fact that the company works only with major Canadian banks which are well-known for their strict security policies.
Another great quality of the service of iDebit is that it allows you to make a deposit as a guest. This means that you do not necessarily have to open an account just to utilize iDebit as a mediator between your bank and the web-based casino where you play. Thanks to this feature, you can test the service and decide, later on, whether it is worth opening an account.
Unlike deposits, withdrawals will request players to have an account at iDeal and log into it. This, however, is not something to worry about as the procedure of opening a new account is extremely easy. Upon creating your account, you will even be presented with a list of the banks that support the service of iDebit and you will be able to select the bank you work with.
Virtual players are often resorting to payments via iDebit due to its cost-friendly fees. Opening an account is free and the majority of web-based casinos will not impose any additional charges for depositing money via iDebit. If you choose to withdraw your funds to your iDebit account, you will not be charged an additional fee. If you want to transfer your winnings to your bank account, you will be charged a small fee of $2. As you can see, even if you have to pay some fees for initiating any transactions via the service, you can be sure that they will be very reasonable.
Canadian virtual players often have a hard time finding a reliable payment option when they are uploading funds to or withdrawing money from online casinos. Thanks to iDebit, they can feel safer when they are making deposits or cashing out their winnings. The company provides Canadian casino members the safe and convenient transactions they are looking for. What is more, iDebit works with some of the biggest banks in Canada and most of the players will not have a problem utilizing the service.
Another great thing about this payment solution is that it can easily be used for both deposits and withdrawals at virtual casinos. Some payment methods are available only for uploading funds and players have to look for alternatives when it comes to their withdrawals. Using iDebit, however, will spare them this nuisance and will help them utilize a single service for all of their transactions.
If you are using iDebit as a payment option at virtual casinos, you are relying on the funds available at your personal bank account. This means that you will be able to make deposits only if you have sufficient amount of funds in your bank account. This will help you avoid getting in debts and gamble more than you can afford. Compared to credit cards, iDebit is definitely a safer way to control the money you spend at online casinos.
Once you have created your iDebit account, you will be able to check your balance and transaction at any time. If you head to the official website of the company and enter your user ID and password, you will be able to log into your account. This way you will be able to keep a track of your latest transactions and your overall balance.
Disadvantages of iDebit
Even though iDebit is a wonderful online banking service that virtual players can utilize for their casino payments, it has some lacking points. Those may not be too appealing to interactive casino patrons.
One of the disadvantages of this service is that it is available only to customers who have online banking accounts. Although the majority of financial institutions provide this service, it is possible that your bank does not offer online banking. This would mean that you will not be able to use iDebit for your deposits, nor for withdrawals at web-based casinos.
Not only will players not be able to use the service of iDebit if their bank does not offer online banking, but there are also only certain banks that work with the company. Although iDebit has picked to work with some of the biggest and most trustworthy Canadian banks, there is still some chance that your bank is not included in this list. You can check the full list of supported banks on the official website of iDebit. If yours is not among the supported institutions, you will have to opt for a different payment solution for your online casino experience.
Even though the deposits via iDebit are extremely fast, the withdrawals may take a little longer than you are willing to wait. While services such as e-wallets guarantee that you will receive your winnings in about 2 days or even faster, it may take up to 5 business days to receive your money via iDebit. It is true that there are banking options that may have you wait even longer but the period of 5 days is still inconvenient for players who want to get their casino money as soon as possible.
Since iDebit can be used only by Canadian players and it is a fairly new payment service, the number of virtual casinos that accept it is smaller compared to the gaming websites that work with other payment methods. It may be a tad difficult to find a great virtual casino that will allow you to manage your funds via iDebit. The good news, however, is that as the payment solution gains popularity, more interactive casinos start accepting transactions via iDebit.
iDebit on Mobile
Even though players can use iDebit for their payments at mobile casinos, the company does not offer a mobile application that can be downloaded and installed on smartphones or tablets. This is definitely something that iDebit might work on as it will allow its customers to have access to their accounts anywhere they go.
This being said, if you are playing on a browser-based mobile casino, you will still be able to choose iDebit as your preferred deposit or withdrawal option and use your online banking account to upload funds or cash out your winnings.
What are the fees players should consider?
Apart from being absolutely safe, fast and reliable, the payment method used by choosing iDebit is also free of charge. Players need to be aware of the fact that creating an account with iDebit, as well as processing payments with the system by using the funds available in their iDebit balance, is absolutely free of charge.
Still, some of the services are charged a small fee, which is considerably lower in comparison to the taxes of other payment systems. Whenever you are making a deposit at a virtual casino via iDebit, make sure to check whether you will be charged a fee for using the service. Even though uploading funds from your iDebit account will not cost you an additional charge, you will have to pay a fee of $1.50 if you are uploading the money from your online banking account.
The fees about withdrawals via iDebit also depend on the virtual casino where you play. However, in most cases web-based casinos do not charge any fee for cashing out funds via this service. It usually takes around 5 days to receive your money into your iDebit account. Whenever you decide to transfer those funds to your bank account, the fee you will have to pay is estimated to $2.
iDebit is also preferred as one of the most secure payment methods, as the system really takes care of its customers’ safety. When you are creating your account, you will be asked to provide personal information and banking details which will help for future transactions from or to your bank account. Despite that, you can be sure that the information gathered from players is not sold, shared or rented in any way by iDebit. In addition to that,it is also protected by an SSL encryption, which do not allow to any third parties to reach any of your personal or banking details.
Whenever you are initiating a transaction from your bank account to your iDebit account, you will be asked to provide details that will help you to log into your online banking account. You may be asked about your user ID, password and any additional security code that you may be utilizing for your online banking. All of this sensitive information, however, is not stored by iDebit which means that the company will not take advantage of your banking details.
You can always be sure that the information you are sharing with iDebit is used solely with the purpose of providing the company’s service. The fact that only trustworthy and well-known Canadian banks work with iDebit, proves that the money and personal information of customers will always be protected with the latest security technologies.
To ensure even a greater level of security, the data center of iDebit, where all of the servers of the company are hosted, has a restricted access. There are guards who are on top of the security of the center 24 hours a day, 7 days a week. On top of that, the building utilizes a biometric palm scanner which ensures that outsiders will not have access to the data center of iDebit.
All of the aforementioned measures serve as a proof that you can trust iDebit whenever you are using its service for your casino deposits and withdrawals.