Although we are huge fans of Boku banking, we can’t help but explore the ever-growing list of casino payment options. Sites are attempting to utilise streamlined banking methods, to make our online gaming experience even more enjoyable. One such method is called Instadebit and we’re eager to explain to you why it is becoming more and more popular. You may already have spotted Instadebit casino banking, because 100’s of the top casinos and bingo sites already offer the payment method. So, let us tell you why it’s so easy to use and which casinos we recommend for you.
What is a Instadebit Deposit?
Instadebit offers the ability to directly transfer monies from your bank to the casino site. Its simplicity is very similar to Boku, which is probably why we like it and it is available in more than 30 countries (including Dollar, GBP and Euro).
Again, alike Boku the main selling point for Instadebit is the fact that during the transfer of funds, no financial information is given to the recipient. Why is this so important? Well because there is an increasing risk of fraud and identity theft online, so for many players it is essential to reduce the number of places which holds their financial information.
To get started it’s as simple as setting up an Instadebit account, which is the point when you would provide any personal and bank details; including a valid email address. The speed in which you can set up your account is much quicker compared to many other banking formats. All you need to do is confirm your email address and the funding source to begin. But what you’ll really like is the fact that there are no administration charges added, which can be costly if you’re a regular player. Many companies such as Neteller will do this, by adding a percentage fee onto the amount you deposit.
How to use your Instadebit Account – Funding and Depositing
The first thing to look into when opening your account is how your location will affect the way you use Instadebit casino banking. There is an option which is currently only available for fifteen countries, where you can make real time deposits. In essence this means that the transaction would be processed immediately.
Sadly, anyone else has to wait between 3 to 5 working days, using the fast bank transfer process. Hopefully this doesn’t put you off, because it’s the only slow part of the process and remember that adding money to your account is free of charge. This means that whatever you put into your account is the amount you can play with on the casino, which is always a plus in our eyes.
Another interesting point is that Instadebit doesn’t store your funds for you. So as soon as you choose to deposit, the money will be transferred to the casino, sports betting or bingo site. This means that you know your money is either in your bank or with the gaming site and you have the back up of financial security.
When you’re ready to deposit, you’ll go through 3 simple stages;
- Register with the casino as you would normally and choose the Instadebit option,
- When you reach the Instadebit page, you will register or log in and confirm the amount you wish to transfer,
- The funds will be transferred to the casino from your bank account, with no bank details being given to the gaming site.
Withdrawing Casino Funds with Instadebit
Again, simplicity is the key, so head to the withdrawal section of the casino and enter how much you wish to remove. Monies will be instantly withdrawn but depending on your bank, it could take up to 4 days to clear. Unfortunately, there is a fee of £1.50, but this will remain the same no matter how much you withdraw. Unlike other payment providers who opt for percentage-based charges, this is still a pretty big bonus. You should be aware that during your first withdrawal there will be a verification process, but this is basically to ensure that the money goes into the correct account.
Advantages of using Instadebit?
- Not only is it easy to use, it also provides instant banking,
- No additional free when depositing,
- Confidentiality of your bank details, which is essential for regular online gamers.
Disadvantages of using Instadebit?
- There is a £1.50 fee when you withdraw funds from the gaming site,
- Currently real time deposits are not available in all countries, as such there may be a 3 to 5 day wait.
If financial security and providing bank details online is an issue for you, then this may be the perfect solution. We always recommend checking out the latest payment methods because they just keep getting better and better.
To make life easier we have provided you with several online gaming sites above. So, have a look and see if any of them take your fancy, then simply click on the link and enjoy!