It has been less than a decade since iDebit was first introduced to online users, and the brand is already competing with the biggest players on the market. The company was founded by Charlie Holland in 2006, and today, it successfully competes with other fintech apps, including SafetyPay, VeryCheck, and Knox Payments. Online casino enthusiasts can safely gamble online with iDebit in Canada!
The industry is in great need of such tools, and players in Canada seem to prefer the gateway. It provides bank-level security and instant access to funds. The platform is easy to operate and requires no credit card registration.
Online Casino Payments
Online casinos compete in almost every aspect, and in the last couple of decades, the market has become one of the toughest. Canada is still developing in that regard, although the industry revenue is already billions on an annual basis. Our research showed that the best iDebit casinos in Canada take the lead.
And that’s not easy at all, given the massive variety of payment methods available on such platforms. The old-schoolers still prefer the safety of their credit cards and bank transfers despite the fact that fees and delays often occur. Modern gamblers have a wider horizon, and the iGaming operators provide a massive plethora of alternatives.
Surely, e-wallets like PayPal, Skrill, ApplePay, and Neteller are among the most popular choices. Mobile apps and online banking platforms also thrive. However, payment methods like iDebit seem to be struggling to find a place in online casinos. That’s surprising since their purpose is to connect players to their online banking.
What is iDebit?
iDebit is a fast and secure payment method placed between your bank account and the merchant you wish to pay to. You don’t need to register credit or debit cards because you’ll have direct access to your funds. The platform allows to include multiple accounts from banks that you trust, and the company is approved by the Financial Consumer Agency of Canada.
Unlike other payment systems, iDebt strives to serve both the merchants and consumers. It allows casinos and online companies to expand their presence in certain markets due to the brand’s global coverage. In Canada, iDebit works with the biggest and most trusted bank institutions:
- Canadian Imperial Bank of Commerce
- TD Canada Trust
- Simplii Financial (formerly PCF)
- Bank of Montreal
- Scotiabank
- Royal Bank of Canada
- Desjardins
- National Bank of Canada
iDebit Advantages
The payment confirmations in real time are beneficial for both sides of the transaction. And perhaps that’s the main reason why so many online casino players choose this payment system. In most cases, deposits to your gaming account are instant anyway, and the more problematic part is at checkout.
iDebit can’t lower the processing time that each casino operator requires to review and potentially approve your request. However, whenever that’s done, money comes almost immediately due to the direct link between the app and your online bank account. Furthermore, all that is done with the highest possible level of security.
iDebit is also very easy to use, boasting a user-friendly interface and responsive performance on various devices. You can set up an account quickly or act as a guest and complete a payment without being a member. The low fees, firm safety, and fast transaction times are the main advantages of iDebit.
Account Setup and Deposits
Using iDebit is possible for non-registered players as well. In fact, that increases the tool’s popularity significantly across Canadian-licensed gambling platforms. To make a deposit or cash out your winnings, simply select iDebit from all the methods in the Cashier section. Choose Guest Checkout and register later.
The process of funding your player’s account is analogous. Next, you need to select your servicing bank from the drop-down menu and log in with the same details you use to enter your online banking account. The security is up to par, and the last step is to approve the transaction.
Fees and Transaction Speed
iDebit is beneficial for Canadian gamblers because of the low fees. There is no charge for signing up with the app and for transferring funds from one merchant to your iDebit balance. However, there is a small fee for moving money directly to or from your bank account.
Then again, if you keep your casino winnings within the iDebit wallet and eventually use them for making deposits, no charges will occur. The best part is the real-time confirmation and lightning-fast transfers to and from the playing platform. Still, you need to consider that direct transfers to your online bank account may take up to 5 business days.
Conclusion
Payment methods based on instant transactions will become more and more preferred by casino players in the next few years. iDebit has the advantage of being already integrated across the top iDebit casino sites in Canada. The app is light and firmly secured, serving as a gateway for payments 24/7. A great way to start and end your online gambling session!