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Bookmakers that accept Instadebit for deposits and withdrawals
Great odds and user-friendly platforms are all well and good, but when it comes to picking a bookmaker to take a punt with, payment options are an important factor to consider. InstaDebit, an innovative alternative to conventional bank transfers and eWallets, is an ideal option. Speedy transfers, heightened security measures and all round ease of use make it an ideal choice. What's more, it's accepted by some of the biggest online bookmakers around, including 888 Sport, Bet365, Pinnacle, Titan Bet, Winner Sports and William Hill.
How to Deposit and Withdraw Using InstaDebit
Once you've registered for an InstaDebit account, you'll be able to start using it immediately at a casino or bookmaker of your choice.
Making a Deposit
To make a deposit, log into your account at your chosen bookmaker, go to the 'Add Funds' section and select the InstaDebit icon. Fill in all the relevant fields, including the amount you'd like to deposit, then click 'Submit'. If your transaction has been successful, your funds will be added immediately and you'll be able to start making bets. Although some online bookmakers will charge a small fee for using this payment method, most absorb the cost of making a deposit.
It's relatively straightforward to withdraw winnings from your bookmaker account. Once you've logged into your account, go the withdrawal section and select the InstaDebit icon and complete the required fields. Your withdrawal will then be forwarded for processing. Bear in mind that different bookmakers have different clearance times, although most will deposit your winnings to your InstaDebit account within 3-5 days. It's also worth remembering that most bookmakers will charge a small fee for withdrawals when using this service, although most sites will grant users at least one free withdrawal per month.
Why is INSTADEBIT an Ideal Payment Method?
InstaDebit isn't a conventional eWallet. Rather than moving money from your bank account to an intermediary account, InstaDebit instead lets you move money directly from your bank to a merchant of your choice. This makes it an ideal choice when depositing money to your casino and online bookmaker accounts, cutting out additional processing and clearance times. Another perk of this service is that you'll be able to start using your InstaDebit account as soon as you've registered, even while you're waiting on final verification of your bank and personal details.
Security and Safety
If you're worried about protecting your transactions online when adding and withdrawing money, InstaDebit is a great way to go. All Data Protection laws are adhered to, ensuring your banking information is completely protected and never shared with the merchants you're dealing with. When you first register with InstaDebit, you'll be asked to provide your date of birth and insurance number to confirm your identity, helping prevent fraudsters from using some of your details to register an account themselves. All transactions made via InstaDebit are rigorously monitored by VeriSign and TRUSTe, meaning suspicious activity can be identified quickly. What's more, every transaction you make is transmitted securely with 128-bit encryption, protecting sensitive data from being intercepted by third parties.
Issues and Limits with InstaDebit
InstaDebit offers a more streamlined alternative to credit cards and cheque payments, but that's not to say the system isn't without limits. Compared to other eWallets and payment methods, there's relatively tight limits on the amount of money you can transfer to your bookmaker accounts. This is fine if you're only looking for the occasional punt, but if you're a high roller who wants to stake a large sum on individual bets, you might be best served by another service. InstaBet itself doesn't charge its users fees for making transfers, instead charging merchants themselves. This causes another problem. Certain bookmakers won't accept InstaDebit as a payment method because of the fees involved, while many of those that do accept it will instead pass the fees onto users when they choose to cash out their winnings.
InstaDebit – Company Overview
InstaDebit was first introduced to Canadian consumers in 2003. Since then, the service has expanded to include more than 30 individual territories, including dozens of countries throughout Europe and beyond. Although InstaDebit has faced tough competition by existing eWallets like Neteller and Moneybookers, it's managed to carve out a niche for itself by not charging users with fees, passing these fees onto the merchant instead. Although it's more limited compared to the leading eWallets on the market, InstaDebit remains a go-to for users looking for quick and efficient transfers, minimal fees and impressive levels of safety and security.