Is It Safe to Play Online Casino with InstaDebit?
Many Canadian banks cooperate with InstaDebit, so we can assume that this company is trustworthy, and you can trust it with your funds and your sensitive data. InstaDebit constantly increases its network of banks, and its payment capacities and services to provide the best user experience and safety to its users.
Considering that InstaDebit is online casino friendly, it takes additional efforts to secure the payments to protect the funds from potentially scammy casinos, let alone from the third parties that may want to breach the security systems.
InstaDebit’s security features include:
- anonymity - the merchants are not given personal data of the payer
- identity verification of individual accounts and merchant accounts is only possible with official users’ data
- independent third parties secure transactions, in order to prevent hacking or breaches caused by Insta Debit itself (so it can’t misbehave)
- all incoming and outcoming data are encrypted with SSL protocols
All these security measures are paired with security measures of the banks that partner with Insta Debit, and together, they make your payments really safe and protected. Insta Debit seems to be one of the most convenient and safe systems for online gambling with real money and with time, it proves its safety in action.
More and more casino sites add InstaDebit to their payment methods because this system is easy to use, legit for casino platforms, and is actually safe enough for all parties. Even if the casino site security system is breached some of the most crucial financial data of the payers will still be protected by additional layers. Therefore, the users can be completely sure of their money is safe.
Pros & Cons of InstaDebit Online Casinos
InstaDebit was created in 2003, and at first, it was meant to be an e-wallet. However, the company’s management analyzed the needs of the market, and eventually, this company became a mediator between banks and payers.
InstaDebit exists in two realms - for Canada, and for the rest of the world. The Canada department head office is located in Toronto, while the second office is in Malta. Besides Canada, InstaDebit is available in around 30 countries. However, gamblers can use it for online casino payments only in Canada and sometimes, in US.
InstaDebit is a facilitator that moves payments between payers, mechants, and banks. It adds a layer of anonymity, and a layer of additional security, for the payer, and this is the reason why it is so popular for online payments among Canadians. There are other advantages, as well.
- CAD is accepted
- other currencies are also allowed
- you can have multiple InstaDebit accounts linked to multiple bank accounts
- the transactions are very fast
- many banks collaborate with this company
- both deposits and withdrawals from online parlours are available
- small fees
- flexible transaction limits
- you need a separate account for every currency
- online gambling payments are unavailable via InstaDebit in other countries
- some banks do not support this system
- you need all ID documents, and verification from the company, to get an account with InstaDebit
- some banks process the transactions longer than others
- far from all Canadian-oriented online parlours have this payment channel