Instadebit for Canadian betting
A Canadian-owned payment wallet built specifically for online gambling. Draws directly from your chequing account and works on many books that do not offer Interac.
What Instadebit is
Instadebit is a payment service run by iPayment Inc. out of Montreal. It connects to your Canadian chequing account and lets you deposit at gambling sites without exposing your bank card. Withdrawals go back to the same Instadebit account, then out to your bank in one to three business days.
It has been operating since 2005 and is one of the most widely accepted methods on offshore and Kahnawake-licensed operators, where Interac support can be inconsistent.
Which operators accept Instadebit
Sports Interaction, Bodog, Betway Global, 888sport global, Cloudbet, and most Kahnawake-licensed books accept Instadebit. On the Ontario side, Betway, LeoVegas, and Spin Casino accept it, though Interac is usually the faster option there.
Fees and speed
Instadebit charges $1.95 per withdrawal from the wallet back to your bank account. Deposits from your bank to Instadebit are free. Deposits from Instadebit to the sportsbook are instant. Withdrawals from the sportsbook to Instadebit are typically same-day on Kahnawake books and within 24 hours on the offshore market. From Instadebit to your bank takes one to three business days.
Limits
Deposit minimum is $10. Standard deposit maximum is $9,999 per transaction, though new accounts start lower and increase with account history. Withdrawal minimums are $50 on most operators.