Using Instadebit for Poker Deposits and Cashouts

Instadebit debuted in 2004, and since then they’ve been serving as a viable online payment option for those wanting to pay merchants directly from their bank account. The site is known for delivering safe transactions across the planet, and they’re one of the few services of its kind to be certified by TRUSTe, Norton, and McAfee.

The only downside is that the service is limited to Canadian residents with a bank account within that country. If you’re an American citizen looking to fund your poker account, you’ll need to look somewhere else.

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Required Information

In addition to living in Canada, you’ll also need to meet a few other requirements and provide some basic information in order to create an account. The following are the essentials:

  • Must have an account with a Canadian bank (and provide 5-digit bank transit number, 3-digit financial institution number, and 12-digit account number)
  • Must be at least 18 years old
  • Must provide date of birth
  • Must provide name, physical address, and email address
  • Must provide last four digits of your Social Insurance Number

If you meet the above restrictions and have the necessary information on hand, you should expect the application process to be a painless one. In fact, it should only take a matter of minutes, which is yet another reason to recommend this service.

Making a Deposit with Instadebit

When you’re ready to deposit money into your poker room account, Instadebit makes the process as simple as possible. As long as the desired amount is sitting in your Canadian bank, you can move it to the poker room with just a few clicks of the mouse.

Making a Withdrawal with Instadebit

If you’re a winning poker player looking to withdraw cash, the process is almost as simple as making a deposit. First, visit the cashier page and make sure the site accepts Instadebit as a withdrawal option. This shouldn’t be a problem at most sites, although some require you to make a deposit with a payment service before you can use it for cashouts.

Once the transaction has been requested, the amount is transferred into your Instadebit account balance. As long as funds are present in the account, you can pay for goods and services without having to make an additional withdrawal from your bank.

Instadebit Fees

There’s no fee for creating an Instadebit account, although each time you transfer money to a merchant from your bank account you’ll be charged $1.95 CAD. There’s no cost, however, for making a payment with the balance in your account. There’s also no charge if you receive a refund from a merchant.

If you have money sitting in your account, you can have it transferred to your bank at any time (which takes three to five business days). The cost for this manner of transaction is $2.00 CAD.

Poker Rooms Accepting Instadebit

The question of whether or not a casino or poker room accepts Instadebit can usually be answered by another question: Do they accept Canadian players?” If the answer is yes,” then there’s a strong chance that they include the service. If the answer is no,” then you’ll probably have to resort to a company such as Neteller or Paypal to fund your online gaming experience.

It’s always a good idea to check the cashier section of a poker room or casino before signing up. Look at the available options and make sure to read the fine print, as well. The sites with more information should be given higher marks over those that present vague or minimal data.

Bank Account Verification

When you first join, you’re given a temporary spending limit until you’re able to verify your bank account. Once this has been accomplished, your limit is immediately raised.

In order to complete the verification process, you’ll need to check your bank statement three to five business days after signing up. You’ll notice that a small deposit has been made to your account, and you’ll need to log in and confirm this amount. Proceed carefully, however, as entering the wrong amount leads to an immediate suspension of your account.

While Instadebit is only available to Canadian customers at this time, it does provide residents of the Great White North with a reliable option for funding their online poker careers. The service has long had a reputation for security and trustworthiness, and transaction times tend to be faster than competing services. If you like hockey and maple syrup, then I suggest checking out the availability of Instadebit in your area.

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