Instadebit is a direct bank debit service that allows Canadian customers to pay instantly
and securely with their own money. Essentially, Instadebit works like an electronic
cheque. Customers need not fund an Instadebit account to begin as payments can be
made through Instadebit directly to the online sportsbook. When it is time for a
withdrawal, you may withdraw funds back to your Instadebit account where money can
be used for other deposits or purchases or you may withdraw the funds back to your
original bank account.
With Instadebit, you sign up with them and register you bank account information,
so only they have your info, not the sportsbook. Instadebit supports US and Canadian
Dollar transactions, but all sportsbooks below support CAD accounts so no currency
exchange will be necessary.
In terms of fees, Instadebit is very economical with low flat fees. It is $1.95
to make a payment from your bank account. Withdrawing funds to your Instadebit account
balance is FREE. When you withdraw back to your original bank account, there is
a $2.00 fee.
Withdrawals are processed in about 3 to 5 days. When payments are made, you bank
statement will show and “Instadebit” identifier as the line item as opposed to the
merchant that actually received the money. Find many Instadebit betting sites for
Canada.
