As the online casino industry grew exponentially in the early 200s, the demand for new payment solutions was through the roof. Many new alternatives to traditional credit card processors came onto the market, however, after the implementation of the Unlawful Internet Gaming Enforcement Act in 2006, many of these companies had to change their focus to stay alive. Once such company is Instadebit, which still serves as a viable solution for a small percentage of online casino players.
How does Instadebit Work?
Instadebit works with the traditional banking system to operate in the same way as writing a physical check, but online. The company, formed in 2003 in Toronto, was designed originally to assist those who either didn’t have a credit card or couldn’t get their credit card to work at an online casino.
Setting up an Instadebit account is easy. All you have to do is give the company the information from your banking institution, and you are off to the races. What Instadebit does then is to create a username for you that is all you need to connect to the cashier of the casino of your choosing.
When you find a casino that takes Instadebit as a payment method, you simply click on that option, then you are asked to log in to your account. You select the amount you wish to deposit, and the company issues an e-check which is accepted by the casino. The amount you deposit is not automatically taken from your bank account – much like a regular check, you will see the transaction 24-48 hours after the deposit is made.
Why don’t I see Instadebit as a payment method at my casino?
The truth is, the company had its legs taken out from underneath it in 2006 when online gambling was effectively shut down in the United States. As a result, the payment option is really only available for Canadian players at this time. This means that the company is more of a niche product than anything, which is the same as many companies that are focused on players from specific countries in Europe.
How do I find a casino that accepts Instadebit as a payment option?
As we mentioned, you will need to have a Canadian bank account to be able to use Instadebit as a payment option at an online casino. That being said, many casinos accept Canadian players so you should have no trouble finding one that fits your needs.
