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The Canadian gambling market registers a steady growth from one year to the next and that is reflected by the wealth of payment options that are developed exclusively for Canadian punters. Instadebit is one of the oldest payment methods in the country and there are a lot of Instadebit sportsbooks offering top odds and excellent services for everyone looking to enjoy a high-quality sports betting experience. And since we’re determined to deliver complete information to our readers from all around the world, we’ve put our experts at work to put together a thoroughly-researched article about this payment method and everything surrounding it. So, if you’re interested in finding out more about Instadebit fees, how to deposit and withdraw, processing times or the currencies it offers, check out the paragraphs below.
Best Sportsbooks with Instadebit
Because Instadebit is available for a long time on the Canadian market and most bookmakers offer it, finding a reliable sportsbook can get challenging. That’s why we decided to start our Instadebit review Canada with some of the best bookies where you can be sure to receive high odds, a vibrant offer of betting markets and world-class services all around.
Everything About Instadebit Betting Sites
We’ve mentioned earlier that Instadebit is one of the first online payment options destined for online betting in Canada. However, that reason alone couldn’t be enough for Instadebit Canada to become a top deposit and withdrawal method among punters. There are other advantages like excellent mobile compatibility, instant processing time and low fees that make Instadebit such an appealing payment method. When paying directly from your bank account, there’s a CAD 1,95 flat fee applied while transfer from your InstaDebit Balance Account is free of charge.
Being able to request a fast Instadebit withdrawal further improves the position of this payment option among the others available for Canadian punters. CAD and USD are the only two currencies that can be used for betting transactions, however, since we’re talking about a payment option destined for the Canadian market, that’s more than enough.
The vast majority of sportsbooks accepting InstaDebit practice deposit limits between CAD 20 and CAD 1,000 per transaction or CAD 3,000 per week and all limits can be increased by verifying your bank account. The withdrawals processing time varies from one bookmaker to another, however, you shouldn’t wait for more than 24 hours until the funds are available in your bank account. The big question on most of our readers' minds remains “is Instadebit safe?” and to answer this we just need to remind you that this payment option works directly with your bank account, ensuring that no other third-parties get involved in the process. The Norton and McAfee certifications act like extra seals of approval when talking about the safety of Instadebit as an online betting payment option.
Bet365 is one of the InstaDebit bookmakers delivering the widest selections of betting markets for Canadian punters. All the important basketball, rugby and hockey leagues, as well as the big international competitions, are available here. Punters can use Instadebit to make deposits as low as CAD 20 or go as high as CAD 20,000. The same limits stay in place for withdrawals as well and the processing time is within 24 hours. Both deposits and withdrawals are free of any charge from bet365.
888sport focuses on the Canadian market as well with a rich offer of hockey, basketball, soccer and rugby markets for punters to choose from. No matter if you’re betting on NHL, NFL, NLC, La Liga or the Premier League, you can top-up your account with InstaDebit at a minimum of CAD 20. The maximum amount per transaction accepted by 888sport sits at CAD 1,000. Deposits are processed instantly and if you request a withdrawal via Instadebit, you can expect a waiting time of up to 3 business days.
Continuing our list of InstaDebit betting sites, we have Bwin offering Canadian punters the possibility to use InstaDebit and deposit between CAD 20 and CAD 1,000. The minimum amount for withdrawals stays the same while the maximum increases to CAD 10,000 per month. Just like the other two bookmakers above, Bwin makes sure to offer a full set of betting markets and odds to satisfy even the pickiest Canadian punter. Basketball, soccer, rugby or hockey, everything is thoroughly covered by Bwin that also shines with a 24-hour withdrawal processing time.
InstaDebit Canada vs TD Visa
TD Canada Trust is one of the largest financial institutions in the country, a commercial branch of The Toronto-Dominion Bank. They offer a wide range of financial services, including a series of debit and credit cards that were used by Canadian punters to top-up their accounts. The most popular ones are TD Visa debit and the TD Green Visa credit card. Like all modern banking institutions, TD offered its customers the possibility to have an account to easily manage their VISA TD online. However, while the banking services still exist - apart from the TD Green Visa cards that are no longer issued to new applicants - TD decided to no longer process transactions for online betting and gambling.
And while the news can’t be considered a good one for owners of TD online Visa cards, they can rest assured knowing they have a perfect alternative at hand. InstaDebit is the ideal online betting payment method after TD cards can no longer be used by punters. Registering an account takes a couple of seconds via Instadebit.com and it’s totally free.
Perfectly combining the functions of an e-wallet with those of an online bank transfer tool, InstaDebit delivers flexibility, speed and security for all punters that want to enjoy an exquisite online betting experience. That’s why InstaDebit online betting transactions are steadily growing despite strong competition from companies like Interac or iDebit. InstaDebit holds a massive advantage over other bank transfer payment options in Canada through its extensive spread at both local online bookmakers and international sportsbooks alike.
Full list of Instadebit Bookmakers
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