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About iDebit

iDebit is an online payment system that allows its users to quickly and securely pay for online purchases from merchants or deposit money in online casinos using only their bank account. No debit or credit card is required and the money transfer is instantaneous.

How secure is personal data?

The company emphasizes that security is a top priority on its website, noting that transactions are conducted within the trusted online banking environment that uses existing online banking technologies and security measures. Banking information is never stored or shared with merchants and remains between the user and their bank.

Personal information is transmitted securely with 128-bit encryption, and servers are located in a limited-access data center protected with biometric handheld readers and security guards.With all these security measures in place, clients can rest assured that their data and information will not fall into the hands of fraudsters and other unscrupulous actors on the Internet.

Types of services offered by iDebit

iDebit offers a basic service that can be further broken down into two parts. One is paying for things online and the other is receiving money. The difference is that the first activity does not actually require an account. It is possible to pay with a guest account if you don’t want to register. It is also possible to receive money through this service, but an iDebit account as well as an account number are necessary.

What about anonymity?

Online anonymity is a big issue in today’s society. There are people who, for various reasons, would prefer to do anything without giving out their information. Many payment services cater to this demographic, but iDebit is not one of them. Since the payment goes through your bank, which has all your data, the payments made through this payment service, although secure and fast, cannot be considered anonymous in any way. Those looking for this kind of protection should look into cryptocurrencies like Bitcoin.

Getting Started with iDebit

iDebit is an easy-to-use service. A big advantage is that you don’t need an account if you just want to deposit money into a casino. To start making payments, you just need a bank account at one of the participating institutions, which can be found on the service’s website. After that, it is necessary to check if the casino you want to play at accepts this method for deposits. If it does, there will be an option to choose from, which will then redirect you to the bank’s e-banking portal.

How to Deposit at Online Casinos with iDebit

Once you have chosen your iDebit casino and opened your account, you are ready to deposit with iDebit.

• Go to the ‘Cash’ section of your casino account. From there, select iDebit as a payment method, simply select the account to be used for the payment and confirm it. And that’s it. It’s an extremely easy and hassle-free way to deposit money.
• When it comes to withdrawals, first it is necessary to check if the casino allows you to withdraw money with iDebit. If it does, just select it in the cashier section of the site and enter your credentials and it will be deposited to the iDebit account.
• Two things to note are that you must have an iDebit account when receiving money from someone, and that it can take up to 5 business days for the money to be in the bank account.

iDebit at Online Casinos

Online casinos are constantly expanding the financial methods they allow on their sites and have usually been at the forefront of innovation in this area.  While pretty much all casinos support tried and true methods like Visa and MasterCard, more and more are adding various e-wallet and transfer services to give their customers as many options as possible. As always, it is necessary to check the casino’s terms and conditions to make sure they accept the payment methods you feel most comfortable with.

Restrictions and requirements

iDebit relies on the existing banking infrastructure. As such, it is not anonymous, although it is secure and fast. When it comes to the requirements, you must first qualify to use a bank account in order to use it. This presents a challenge for anyone who cannot have a bank account for some reason.

Other restrictions and requirements have mostly to do with the casinos themselves. Whether a casino will let you use iDebit or not depends entirely on them, so it’s up to the players to choose the right casino.

Pros of iDebit in online casinos

The popularity of iDebit casinos is increasing as more and more casinos are starting to accept it, and you can easily read that on players’ social networks and forums. And it’s easy to see why.

• With iDebit, players can deposit and withdraw without debit or credit cards and without revealing any personal information to the casinos.
• The payment processor does all the hard work and all players have to do is log into their e-banking service and select an account.
• It is easy, fast and convenient, which are also the main advantages of this payment system.
• Security is another, as the company uses both encryption and physical security along with the banking infrastructure already in place, which adds another layer of security. In this age of rampant fraud and scams, this is very good to hear.

Cons of iDebit in online casinos

• Obviously, the first is that iDebit can only be used in Canada. Have you seen a cool looking online casino from another country that accepts Canadian players? Well, chances are that it doesn’t accept iDebit.
• Another disadvantage is the lack of anonymity; all the transactions you make come from your bank account, which is already linked to your real identity.
• Another minor drawback is the relatively long transaction time when withdrawing iDebit to your bank account, as it can take up to five days for the money to arrive in your account. Still, this is the norm when using bank accounts for most purposes.

iDebit Casino Payment Process

Depositing and withdrawing funds from account with iDebit is quite simple. Once you have filled in the necessary information and verified it, you can proceed to choosing your bank and logging into your bank account. The next step is to confirm the desired amount you want to deposit and it will be immediately transferred to your bookmaker account. To withdraw funds available at your iDebit account, you can easily transfer the money to your bank account and the process is usually completed within 5 business days.

iDebit Fees

iDebit charges certain fees when it is used for transactions. There is a fee for payment and a fee for withdrawal to a bank account. However, these fees are not that high. There are no fees associated with creating an account and paying from iDebit funds.

Of course, the payment processor is only one side of the equation. Certain banks may choose to charge their own fees, which customers should inquire about with their bank before using the service. Then casinos may also charge fees, which are solely at the discretion of the casino.

Final Analysis on iDebit

There are so many different services that process payments these days that it can be hard to choose the right one. Especially for players who are spoilt for choice compared to some other industries, as casinos want to offer the widest range of financial options to appeal to as many players as possible.

Is iDebit a service worth considering for your online casino payments? Absolutely, because it is one of the most straightforward on the market. The only things you need are an Internet connection and a bank account. You don’t need separate cards, e-wallets or anything else. It’s simple and straightforward to use and the fees are low. Canadian players might want to give it a try.