iDebit Payment Method - How It Works

Without a doubt, every gambler finds it difficult to choose a payment method in online casinos. Of course, traditional payment methods can be used when one gambles on the web, but they tend to be more time-consuming than unconventional methods of payment, and this makes them less-popular among the public.

So, what unconventional payment methods can be used in online casinos? Generally, players choose either e-Wallets or online banking methods, as those usually have the shortest transaction times. Naturally, there are tens of different companies to choose from, depending on the players’ location and preferences, but not all of them offer the same levels of security.

iDebit is an online banking service, which is primarily used for online payments. Essentially, the method uses a client’s bank to make instant transactions in a secure way. Initially, iDebit was created to ease Canadian gamblers’ troubles whenever they played real-money online casino games, all of the listed casinos which use iDebit can be reached here www.casinogamespro.com/idebit-casinos. Today, the payment method is available in more than 20 countries. What is more, the company chooses which banks to work with within these countries.

Simply put, iDebit represents a safe and secure form of online payment, which allows its users to make instant online transactions, which makes it a perfect choice for online gambling.

iDebit in online casinos

Over the past few years, iDebit has gained an immense popularity in online casinos, primarily because it allows players to make instant bank transfers from their own bank account. Signing up with iDebit is as easy as a child’s game, too – the process takes no more than 5 minutes. On top of that, opening up an account is 100% free.

What differentiates iDebit from other online banking methods is that the use of the banking option is favoured by online casino operators, as they receive a confirmation that a transaction is made immediately after its completion.

It should be noted that iDebit keeps record of players’ and casinos’ transaction history. Nevertheless, no data is stored on the servers of the company.

How to make deposits and withdrawals with iDebit

Making deposits and withdrawals with iDebit is as easy as a child’s game, but players should choose a reliable online casino, which accepts the payment method first. Once you have chosen a casino, visit its deposit page and select iDebit. Immediately, you will be redirected to another page, where you can log in with your iDebit account. Those who do not have an account can click on the Guest Checkout option, which allows players to make a deposit without an account; however, this is is only available for the first deposit.

Next, you are asked to select your bank from a drop-down menu. Once that is completed, type in your banking credentials, your ID and online banking password, and then select the amount you want to deposit. Once you check everything, you can proceed to make the transaction.

Finally, keep in mind that you need to be at least 18 years of age to utilise this service.

Fees and transaction limits

As mentioned, creating an iDebit account is 100% free, but users are charged a certain amount of money per transaction. Generally, players are charged 1.50 CAD/USD per transaction, but you should keep in mind that the amount is not the same for all currencies – Europeans, British citizens, and Australians pay 1.00 EUR/AUD/GBP per transaction.

No fees are imposed when deposits are made from the iDebit balance, but transfers of funds from the iDebit balance to the bank account comes with a fee of 2.00 CAD/GBP/EUR/USD/AUD. Moreover, there are no fees for withdrawing money from a merchant straight to the iDebit balance.

If there is any downside, it is that withdrawals take up to 5 days.

Additionally, iDebit payment method has no transaction limits, so those depend primarily on the limits set by the bank and the casino.

Pros of using iDebit in online casinos

Using iDebit proposes numerous advantages to online casino players. To begin with, it uses data from your bank, and that way your banking data remains safe. Another major advantage is that iDebit stores no information whatsoever, so its users do not have to worry that third parties might have an access to their data.

It should also be noted that the payment method does not utilise credit or debit cards, and by using it players protect their credit and debit card details. Last, but not least, iDebit utilises a 128-bit encryption to protect players from fraudulent attempts.

Evidently, the security iDebit provides is a major advantage, but it is not the only one. Apart from it, the payment method guarantees quick completion of transactions. In the end, the fees associated with iDebit are incredibly low, and they are only applied when money is transferred to and from your bank account.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes