On the InstaDebit page you will find the best bookmakers who accept them as a payment method on their websites. You can check out their reviews and can claim the free bet they are offering.
InstaDebit accts as a middleman between the customer and merchant, and many people consider them to be similar to the more popular Neteller and PayPal. You can quickly setup your account and feel safer when making online transactions at different merchants. Its main task is to improve online transactions for both people and merchants.
Bookies which accept InstaDebit
|Bookmaker||Founded||Jurisdiction||Bonus||Min. Bet||Max. Bet||Grade||Review|
|1999||United Kingdom||£30||£2||No max||
* T&C’s apply. Click on Bet now to view the offer!
InstaDebit was a very popular name in the online sports world, but they have been recently overtaken by rivals and now aren’t accepted by some websites and online bookies. Of course, you will still be able to find some very good options who accept InstaDebit as a payment method.
How to use InstaDebit at Betting Sites
It is very easy to use and you can create an account in a couple of minutes and verify your email address, but as we mentioned earlier, they aren’t as widely accepted as some other payment companies, because it is fairly similar to Moneybookers and Neteller.
Just like PayPal, you can transfer money from your bank account to the website of an online merchant or a bookmaker.
It’s a pretty straightforward process, so you are unlikely to face any major problems while doing it. After you have created your account, you will have to choose the sum you want to deposit. When your account gets verified (in around 3-5 days) you can spend the money however you want.
All you have to do is login into the account of your top betting website you’re on and when asked about the payment method, select the InstaDebit option. If the money is verified in your account, the deposit will be instant.
The process of withdrawing the winnings is very similar. You just need to transfer the cash from your account into the InstaDebit one and then withdraw it into the bank account for free use. InstaDebit usually have faster processing times than most payment companies, but this still depends on the bank that you are using.
When money is being withdrawn from your account by InstaDebit, punters can control their bankroll better and it is highly unlikely that you will overspend like you can usually do when using a credit card.
There is also no interest on the money seeing as it comes directly from your account and is not borrowed.
InstaDebit Online Security
The security isn’t affected by the fact that the turnaround times and is also at a very high level.
An e-wallet can often be safer than the traditional payment method with a credit or debit card. You have another layer of security between you and frauds, but also your details aren’t being shared with third parties. The only merchant you have to share them with is InstaDebit.
There’s always a risk when your online account is linked to the bank account and even in that case InstaDebit tries to protect your personal information and prevent fraud from occurring.
The company’s origins are from Canada and for a period of time they were the most used online payment processor in the United Kingdom. Its popularity spiked in 2003 and the company expanded their services to more than 30 countries, including the US.
When internet gambling was targeted by US authority, InstaDebit couldn’t operate anymore in America which was a huge blow to their international ambitions. The European market was taken over by Moneybookers and Neteller, so there wasn’t much left for them.
While it still functions in some countries, bookmakers aren’t as open to it as they were in the past and the rivals are overtaking them easily. One of their biggest weapons is the fact that they don’t charge their customers in any way and this is very important for some users. That’s one of the main reason why InstaDebit is still considered as a good choice.
InstaDebit Associated Fees
One of InstaDebit’s main advantages is the fact that they don’t charge any fees, despite being an online payment processor. It doesn’t matter if you are depositing money, transferring them to your bookmaker, or making a withdrawal, you will not be charged for any of that.
The merchants take all of the fees on themselves, which means that some bookies may try and describe the charge from InstaDebit as a convenience fee to the customer, however we have not heard of any sites doing that.
Gambling is a constantly changing industry and bookmakers who accept InstaDebit as a payment method can always change some of their regulations without giving out any notifications to their customers. This means you should always check out the terms and requirements before committing to a bookmaker or making any kind of payments.