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InstaDebit Poker Deposits

Everything You Need to Know About Instadebit & Canadian Poker Sites

Are you Canadian? Do you play online poker? If you answered yes to both of these questions, you’ve reached the right page. We have all of the information you need about Instadebit as an online poker payment processing option.

Instadebit is the perfect way to fund an online poker account or handle any online purchases in Canada. The company works with every bank and financial institution in Canada, and it is an online digital payment option that facilitates payments directly from that bank account. It acts as a digital debit card and can be accessed via any computer or mobile device.

Poker players in Canada have found Instadebit to be a helpful way to fund online poker accounts. The absence of fees and the ease of use for deposits (and withdrawals on most sites), as well as its use for a plethora of other internet purchases and games, makes it an essential tool for most players.

Does My Favorite Poker Site Accept Instadebit Transactions?

Any online poker site that offers services to Canadian players typically offers Instadebit for deposits, and most also allow withdrawals to an Instadebit account as well. Since Instadebit works with every bank in the country, it makes sense to allow Instadebit as an option. Players can easily find out by checking the deposit options page on the poker site of choice or contacting that site’s customer service department.

What Are The Advantages of Using Instadebit?

  • Deposits are instant and allow for immediate poker play.
  • Instadebit protects customers from an online poker site directly accessing bank information.
  • Poker sites charge no fees for using Instadebit.
  • Every bank and financial institution in Canada works with Instadebit.
  • Multiple layers of security protect their customers.

Nearly every online poker site that welcomes Canadian players also accepts Instadebit for deposits and sometimes withdrawals, too. These are the best options for using this method for online poker.

Online Poker Sites That Accept Instadebit

Rank help Poker Room help Mobile help Mac help Bonus help Match help Free help Room Review help
1Pacific Poker Bodog Poker      mac-icon $1000 100% N/A Bodog Poker
2BetOnline Poker 888 Poker      mac-icon $600 100% $88 888 Poker
3Pacific Poker Intertops Poker      mac-icon $600 100% N/A Intertops Poker
4BetOnline Poker BetOnline Poker      mac-icon $2500 100% N/A BetOnline Poker
5Bet365 Poker Sportsbetting Poker      mac-icon $2500 100% N/A Sportsbetting Poker

Background & Company History

Instadebit is an online payment processing mechanism that acts like a debit card or an electronic check to make instant transactions using the money in a person’s bank account. Known as an EFT (electronic funds transfer), the digital payment wallet is a simple solution to physical debit cards, as the digital debit works much more quickly and directly.

The company was founded in the mid-2000s to meet the need for Canadians to use digital payments without using a credit card or prepaid card. Instadebit filled that void and found a way to work with every single bank and financial institution in Canada. It also became in instant hit with online gamers who often had difficulties with traditional Visa and Mastercard options working with online gambling sites.

Canadians poker players have now been using Instadebit for more than a decade.

How Secure is Instadebit? Is My Money Safe?

Since Instadebit works directly with customers’ bank accounts after verification and approval, the digital payment system is very secure because it leaves no banking record (account number, balance information) with the merchant. Online poker sites then have no direct contact with the customer’s bank.

All communication between Instadebit and online sites and merchants is done with the security of 128-bit encryption to secure the information and protect customers from fraud. Transactions are also regularly monitored by Instadebit’s team of experts to detect any suspicious activities. In addition, the company is certified by VeriSign and TRUSTe for privacy controls, and they use McAfee as an extra layer of website protection.

Disadvantages of Instadebit

  • Not all online poker sites allow withdrawals to Instadebit accounts.
  • There are fees for transferring money from Instadebit back to a traditional bank account.
  • It is limited to Canadian customers and online poker sites.

Can Instadebit Handle Poker Deposits and Withdrawals?

Yes. Instadebit is most often used for deposits because they are typically instant or at least done on the same day as the deposits are requested. The fast processing allows players to access their money right away and begin playing poker the same day.

Most sites that offer Instadebit as a payment processing option also allow withdrawals for the same account. It can take several days for those withdrawals to be processed, but sites like PokerStars do offer that option for Canadian players. On the other hand, 888poker only offers Instadebit deposits.

Are There Fees Associated with Instadebit?

There is no charge or fee to create an Instadebit account. By keeping a sufficient balance in the account, that ensures no fees will be charged when making a purchase or depositing into an online poker account. If there is not enough money in the digital wallet, however, and the customer chooses to give the site permission to take the money from their bank account instead – via the Instadebit card – this transaction is charged a $1.95 fee.

Withdrawals are free as well, as there is no charge for an online poker operator to transfer poker winnings to an Instadebit account. There is a fee, however, of $2.00 to withdraw funds from the Instadebit account back into one’s bank account.

Are My Deposits Instant? What About Withdrawals?

Instadebit deposits are most often immediate. Players always have the money in their poker online accounts on the same day as the deposit is made, but it is usually available instantly. Withdrawals can take from three to five business days, however, as it takes longer to verify the banking network through Instadebit and for the poker site to gain approval for the funds to be transferred.

How Do I Get an Instadebit Account?

There are only a few quick and easy steps involved in opening an Instadebit account. The easiest way is to go to the Instadebit website and create a new account. By providing the name, email address, date of birth and the last four digits of the social insurance number, the only other information needed is the bank account from which to transfer funds. Instadebit will then deposit $2 into the person’s bank account to verify that the connection has been made and to give the customer access to the account and spending limits.

Poker players can also create a new Instadebit account when making a deposit to an online poker site. The player can click on the Instadebit option and set up a new account from that point. The same steps listed in the last paragraph will have to be completed, but it can be done through the online poker operator in the process of making that deposit.

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