The iDebit electronic payment system is a national Canadian financial instrument. Residents of other countries will not be able to use the services of the system, since it is focused only on residents of Canada. Today this payment method is becoming more and more popular for use for gambling, that’s why iDebit online casinos are in demand in Canada.
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Overview
The service has been operating for over five years and cooperates with all banks in Canada. An account in the system is opened in the national currency of Canada – CAD, but payments can be made in US and Canadian dollars. This service is used to pay for goods, services and games in Idebit casinos. Since the service is focused exclusively on residents of Canada, users from other countries, most likely, have not even heard of it. iDebit is similar to Interac E-transfer, another service that is only available in Canada.
Reliability and security
IDebit is regulated by the relevant organizations that have issued a certificate that allows you to perform financial transactions on the Web. All transfers are protected by encryption.
The company emphasizes on its website that safety is their top priority. They also point out that transactions are processed in a secure environment that uses modern online banking technologies and respects security measures.
Users’ bank data are never stored or transferred to third parties, they always remain between the user and his bank.
Personal information is transferred securely using 128-bit encryption, and the servers are located in a data center with limited access, protected by biometric scanners and security services.
Relying on such assurances, players can play safely, being confident that their data and information will not fall into the hands of scammers and other unscrupulous persons on the Internet.
What about anonymity?
Anonymity on the Internet is an important problem of our time. Some users, for various reasons, prefer to perform certain operations without disclosing any of their data.
Many payment services cater to this category of customers, but iDebit is not one of them.
Since the payment goes through your bank, which has access to all your information, payments through this payment service can be called safe and fast, but by no means anonymous.
Users looking for this type of protection should turn to cryptocurrencies such as Bitcoin.
Work with clients
Users can immediately register and open an account in the system, or do it at the time of the first payment made using iDebit. To use the service, you must have a bank account, which is linked to an account in the system. This allows making payments even if the user does not have funds directly in the system. In such a case, the funds will be debited from the bank account.
iDebit online casinos
Perhaps, in online casinos that work for residents of Canada, this system is popular, but other users do not know about it, since it is not often found at the box office of virtual clubs.
Online casinos are constantly expanding the range of financial instruments for servicing payments on their sites, and, as a rule, are the pioneers in this field.
Almost all casinos support time-tested payment methods such as Visa and MasterCard, but more and more operators are adding various e-wallets and money transfer services to their sites in order to offer customers as many options as possible.
In Canada, iDebit and Interac e-Transfer are becoming more and more popular payment methods at online casinos.
As always, we recommend that you check the terms of the particular gambling site to make sure it offers the most convenient payment options.
Deposits in iDebit casino
To replenish your gaming account, you need to go to the Cashier section and select the iDebit logo. After, the transfer amount should be entered in a special column. Then, the player will be directed to the service website to confirm the operation. The money will appear in the casino account shortly.
Withdrawal of money from casino using iDebit
First you need to check if the casino allows you to withdraw funds via iDebit. If there is such a possibility, just select this service in the “payments” section on the casino website and enter your credentials, after which the money will be credited to your iDebit account. You will receive his money in accordance with the rules of the online casino and the payment system.
There are two things to keep in mind: first, when receiving money from someone, you need to have an iDeBit account. Secondly, withdrawing funds from the service to your bank account can take up to 5 business days.
You should keep in mind that in withdrawal cases iDebit works like e-wallets. Although with one serious caveat. In accordance with Canadian law, the amount may not be withdrawn from the account for only 28 days, meaning it can be used only as a temporary wallet.
iDebit fees
Yes. IdeBit charges certain fees for processing transactions. But these fees are not that high. Account creation and payments from iDeBit balance are free of charge.
Of course, payment processing service is just one variable in the equation. Some banks may charge their own fees. It is better to check this point with your bank before using the service.
Casinos can also charge their fees; they are installed solely at the discretion of the operator.
iDebit casinos pros and cons
Pros:
- Reliability and security
- Convenient for Canadian residents
- No card needed
- Speed of processing
Cons:
- Not prevalent in online casinos
- Lack of multicurrency
- Lack of anonymity
iDebit online casinos: summary
There are many payment processing services out there these days, making it difficult for gamblers to make the right choice. Especially for those who are spoiled by the choice available in the casino, because the operators strive to offer maximum financial options in order to please the majority of players.
Should you consider using iDeBit? Definitely, because it is one of the most reliable services on the market. The only thing you need is an internet connection and a bank account. No bank cards, e-wallets or anything else needed. The service is clear and easy to use, and the fees can be described rather as low. Canadian players should probably use this service.
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