Online banking is slowly but surely becoming a standard in most countries across the world. One of the reasons is the convenience of digital payment methods. So, why not use the convenience of cashless systems for favorite online gambling hobby? One of such innovative solutions is iDebit, operating from Canada.
This is a secure online banking transfer method that facilitates purchasing in real-time from your banking account without a credit card. The service directly connects to your online banking system and is an e-wallet solution.
Online Payment by iDebit
You can use this service even without a registered account, as a guest, in case it is offered on the checkout page. Then you can decide if you want to sign up for an iDebit account or not. The existing users can simply log in and select their bank. It currently supports all major Canadian banks, such as Bank of Montreal, Royal Bank of Canada, Simplii Financial (formerly PCF), Desjardins, National Bank, Scotiabank, TD Canada Trust, and Canadian Imperial Bank of Commerce.
However, although it is prevalent in Canada, iDebit is not limited to this market only. It also works with a few major banks in other countries. Therefore, punters from other countries, including the UK, Germany, New Zealand, Japan, Australia, and Sweden, can also employ iDebit to access their favorite live casino games.
The process of paying or depositing funds is very secure. The service doesn’t store or share any banking credentials with the third party. The same applies for payment approval. The merchant / online casino receives a payment confirmation while the customer can approve or decline the transaction.
How to Deposit via iDebit?
Firstly, check if the selected online gaming platform has this banking method. Since it is not necessary to have an account to use iDebit, just log-in as a guest. You can benefit from an instant connection between your bank and your online casino. In this way, you can easily make both deposits and withdrawals from the iGaming site.
To make a deposit, go to the cashier section, find iDebit sign and select it as your payment method. Then specify the amount you would like to deposit to your player account. You’ll be transferred to the iDebit website to access your account (if you have it). In case you haven’t got one, you’ll have to select your country first, as iDebit is available in different countries, and find your bank. Log-in, verify and approve the transaction. And that’s it. The funds are almost instantly transferred to your casino balance.
How to Withdraw with iDebit?
In case you want to cash out your casino winnings, this is also possible with iDebit. You need a registered account with iDebit for this service. So, in this case, it is impossible to log-into the platform as a guest and withdraw the money to your bank account. With an account, it is possible and quite easy to transfer funds to your balance and then transfer them to your bank account.
Simply go to the cashier page and select the “Withdrawals” option. Enter the amount you want to cash out and select iDebit as a preferred withdrawal method. Again, you’ll be sent to iDebit’s login page. The processing time can take up to 5 business days.
Transfer Times, Fees, and Security
The most important thing that needs to be underlined is that iDebit neither stores nor shares your personal and banking credentials. Leading security certification companies monitor and verify all transactions of the service. At the same time, all the personal data that needs to be accessed are fully protected by 128-bit encryption technology.
iDebit servers are hosted in bank certified data centers. These centers have biometric palm scanners and 24/7 security guards. By employing top-notch protection, the company assures its dedication to providing maximum safety to its clients. As for the fees, the banking option charges 1.50 CAD/USD for any payment done via online banking and an additional 2.50 CAD/USD in case you transfer funds from debit balance to the bank account. However, if you set up an account with them, you won’t be charged if you make the payment from your iDebit balance. At the same time, withdrawing funds from the merchant (or online casino) will also be free of charge if the amount is stored at iDebit balance. iDebit allows multiple currency conversion but applies specific iDebit rates with a small fee by the daily exchange rate. Supported currencies are CAD, USD, EUR, and AUD.