iDebit is a famous Canadian online payment method and belongs to iDebit Payments, Inc. Its headquarters are located in Toronto, Ontario. Under-the-radar betting activity, low fees and CAD acceptance are significant advantages of iDebit sportsbooks. USD is also available as a currency, for players that prefer it.
Currently, most Canadian sports betting sites accept transactions through iDebit. Easy & quick transactions, eligibility to claim a welcome bonus and excellent customer support make it one of the best choices. You are moments away from finding out critical factors of iDebit such as:
- An up-to-date list of iDebit sportsbooks
- The reason why it is a worthy choice for you
- Information about how to deposit and withdraw when betting with iDebit
Best iDebit Bookmakers (2022)
Among the numerous iDebit bookmakers, we have selected the top-rated ones. The following bookies offer bettors fast withdrawals, a wide range of markets and high odds. Go ahead and try them out.
Why should you bet on an iDebit sportsbook
Betting with iDebit provides a lot of benefits that a bettor could consider notable. The most remarkable ones are the following:
✔ Wide acceptance by sportsbooks: As a prevalent online payment in Canada, most sportsbooks operating in the country accept transactions through iDebit. Since it has become very popular lately, more and more bookies allow gamblers to use it as a payment option.
✔ Under-the-radar betting activity: It is a significant advantage that a bettor can keep his betting activity hidden from local authorities. iDebit is connected with your bank account. Nevertheless, your bank statement is clear from betting transactions.
✔ Betting with CAD: Avoiding any conversion fees when gambling online is a critical factor. When using iDebit, a Canadian bettor doesn’t need to worry about this since he can fund his account with Canadian dollars.
✔ Instant deposits: For bettors who enjoy playing at live events, it is essential that through iDebit, deposits are processed almost immediately. With an easy and fast procedure, players can fund their accounts at any time.
✔ Suitable for a welcome bonus: Unlike other payments like Neteller or Skrill, iDebit betting sites provide you the eligibility to claim a welcome bonus. Also most of the time you can take part in any other promotion.
✔ Great customer support: For any bettor, it is crucial to find answers quickly and effortlessly. iDebit offers 24/7 customer support through chat, phone & email. Even if you don’t have an account and you would like to ask for more information, you can contact their customer service.
Drawbacks of betting with iDebit
iDebit gambling also comes with some downsides like any other payment method. For example, fees applied on deposits and low acceptance by bookmakers can make it unattractive to some bettors.
❌ Exclusively for domestic players: iDebit uses Instadebit’s platform. We are talking about a payment method created for the Canadian market and a player needs to have a local bank account and a social insurance number to hold an account.
❌ Only a few Canadian banks support it: It is a severe downside that not all Canadian banks support an iDebit account. Bank of Montreal, Desjardins, CIBC, National Bank, PC Financial, Scotiabank, Royal Bank of Canada and TD Canada Trust are among the banks that cooperate with iDebit though.
❌ Doesn’t allow player to player transfers: Another considerable drawback is that a player cannot transfer funds to another. Even though there is a balance on iDebit wallet, funds are only used to transfer an amount to your bank account or pay on any merchant who cooperates with iDebit.
❌ Account funding only through a bank account: An iDebit account is always connected with a bank account. Thus, a bettor can not fund an account with a credit/debit card, an online wallet or through cryptocurrencies.
❌ No plastic or virtual card: Yet another big disadvantage is that no plastic or virtual card is available to use. There are only two ways to use your funds; by sending an amount to your bank account or by making a payment through your iDebit wallet.
❌ Fees apply when withdrawing to your bank account: If a player wants to withdraw money, that is coming with some fees. More specifically, for any transaction, there is a fixed fee of $2.
Is betting with iDebit legal and safe?
Is iDebit safe? If you’ve been asking yourself this question, then you shouldn’t search further. More specifically, all iDebit transactions are encrypted and no information is shared with any third party. The company uses Instadebit's platform for payments monitored by VeriSign; an American company that is a global provider of the domain name and internet infrastructure. Canadian Payments Association (CPA) regulates iDebit and makes it a totally legal payment method. The biggest banks in Canada cooperate with iDebit and a player will not have any legal issues due to his betting activity.
How to Create an iDebit Account
Creating an iDebit account is a speedy and easy process. You need to follow the steps below:
- Enter iDebit’s site and choose LOGIN/SIGN UP
- Fill in your name, email and postal code
- Provide all your personal info like city, street and the last four digits of your S.I.N.
- Create your password
- Connect your bank account to iDebit
You are ready. Since you have followed the previous steps, your account is ready. You can now proceed with a deposit on your preferable iDebit bookmakers.
How to deposit with iDebit
Regarding your deposit on your preferable iDebit sportsbooks, the procedure is once again quick and effortless.
- Enter your bookmaker
- Select the ‘Deposit’ button
- Choose ‘iDebit’ as your payment method
- Enter the amount you want to deposit
- Click on ‘Make Deposit’
- Enter your iDebit Details and your S.I.N. (social insurance number)
- Choose ‘Confirm ’
Your transaction has been completed and the amount will be available straight away to your bookie account.
Can I withdraw from iDebit sportsbooks
iDebit withdrawal requests are usually processed within four business days, depending on the bookmaker. To make a withdrawal on iDebit betting sites, you need to make a deposit first using the same method. All you have to do is:
- Enter your favorite bookie
- Click the ‘Withdraw’ button
- Choose iDebit as your payment method
- Enter the amount you would like to withdraw
That’s it. Since you followed the previous steps, the amount will be on your iDebit balance soon. You always have the option to withdraw this amount to your bank account.
A player can create an iDebit account at no cost. When you deposit on iDebit sportsbooks directly from your online banking account, there is a $1.95 charge. If you deposit through your iDebit balance, there is no charge. Transferring an amount from a bookie to your iDebit balance is also free of charge. When you withdraw an amount to your bank account, there is a charge of $2 per transaction.
Deposit or withdrawal limits are different on every iDebit betting site. Players need to read the terms & conditions to get information regarding the transactions they want to make.
iDebit vs Interac
When we talk about Interac, we talk about one of the top choices for online betting in Canada. The payment has been around for 37 years and has over 59 thousand ATMs all around the country. CAD availability, player to player transfers and eligibility for the welcome bonus, are features that are hard to pass when betting on Interac bookies. However, the fact that your betting activity is tracked and you can not use your crypto wallet to fund your account are two big drawbacks of gambling with Interac.
iDebit vs Instadebit
Instadebit is a famous online payment method in Canada. The company operates since 2004 exclusively for the Canadian market. Betting with CAD, eligibility for a welcome bonus and instant deposits are the main perks of betting on Instadebit bookmakers. On the other hand, not allowing player-to-player transfers, not offering a plastic or virtual card and the fact that not every Canadian bank cooperates with it are significant drawbacks.
iDebit vs MuchBetter
MuchBetter is one of the top payment apps for online betting. MuchBetter bookies allow quick and safe transactions. Players are always eligible to claim a welcome bonus or any other promotion. Moreover, users can hold a free Mastercard in order to manage their funds easier. On the other hand, there are not many betting sites that accept it and withdrawals can be slow and take up to 5 business days to be processed.
Final word on iDebit by Book Spy
iDebit is an online payment method designed exclusively for the Canadian market. iDebit sportsbooks offer gamblers easy and quick deposits, eligibility to claim a welcome bonus and excellent customer support. On the other hand, there is no plastic or virtual card to use and there are fees for every withdrawal made to your bank account.
To sum up, iDebit betting sites are a notable option for players in Canada. The payment offers an under-the-radar betting activity and allows CAD deposits. Wide acceptance and fast deposits are also significant advantages. On the other hand, player-to-player transactions are not available; when at the same time, you can fund your account only through your local bank account. I would recommend iDebit for recreational gamblers; but high rollers may need to think about it twice due to its daily deposit limit of $1000.
Complete list of iDebit bookmakers
Fast transactions and low fees are some of the main perks of iDebit sportsbooks. Choose your preferable bookie from the full list below and make the most of your betting experience.
No, for the time being, iDebit doesn’t provide plastic or virtual cards. You can pay by using your wallet to any merchant that accepts transactions with it. On top of that, you can transfer funds to your connected bank account.
Unfortunately, iDebit is only connected with a bank account and there is no other way to fund your account. At the same time, you cannot transfer funds to other wallets like Neteller or Skrill.
Again the answer is no. There is no possibility to connect your crypto wallet with your iDebit account. Therefore, you simply can not use any cryptocurrency to fund your balance.
As almost every betting site operating in Canada does, Bet365 accepts transactions with iDebit. Playing with it means that you can get quick transactions and eligibility to participate in any promotion.
Another bookmaker that accepts iDebit deposits and withdrawals is Bet99. You can take advantage of any promotion and betting with high odds and low fees.