Contributing Soccer and US Sport Editor
Contributing Soccer and US Sport Editor
If you’re looking for a fast, safe and trusted payment method to fuel your online betting adventures, we’d highly recommend checking out some of our top-rated Instadebit sportsbooks listed on this page.
Betting by Instadebit has been skyrocketing in popularity across Canada since the 2010s. Bettors love the fast withdrawal times and widespread Instadebit support offered by many of the nation’s best bookmakers and online casinos. Instadebit is practically the new normal for sports betting, but there are a few small things you’ll want to be aware of before diving right in.
Before you start comparing Instadebit sportsbooks in search of the best betting site to suit you, you’ll need to open and set-up an Instadebit account. Here in Canada, you can set yourself up for betting with Instadebit by following these quick and easy steps:
Instadebit sports betting Canada has grown so popular in recent years that pretty much every Canadian bookie now accepts Instadebit as a payment option – but that doesn’t mean deposit and withdrawal terms are consistent between operators.
Betting sites in Canada like to set their own rules, but one thing most of the sites listed in our comparison do have in common is that Instadebit deposits are usually instantaneous. For withdrawals, however, your bookie could leave you waiting anywhere from a couple of hours to a couple of days, so compare providers carefully before deciding on the best Instadebit betting site for you.
We’d recommend opting for Instadebit sportsbooks that accept both deposits and withdrawals via Instadebit and that process the latter within 24 hours or less. Bonus points go to any operator that offers a tasty bonus that can be claimed using a bookmaker Instadebit deposit.
We’ve already briefly mentioned that Instadebit may need you to complete a “dummy transaction” before your account can be verified. This usually involves receiving a small payment of $2 or less into your bank account, then quoting the transaction ID to Instadebit.
Another hurdle you may face before you start placing bets on Instadebit sportsbooks is Instadebit’s 7-day transaction limit. During the first 7 days of creating a new Instadebit account in Canada, you’ll have to abide by a temporary spending limit. The quickest way to avoid this is to verify your bank account ASAP, which will bypass the limit immediately. Aside from this, we found relatively few teething problems when setting up a new account for Instadebit betting purposes as part of this review. Just be aware that only certain Canadian bank accounts, like HSBC, are compatible with the Instadebit service.
Instadebit dates all the way back to 2003 but Instadebit sports betting wasn’t normalised in Canada until much later. The company was initially set-up as a Toronto-based online payment processing provider, which would operate in a slightly different way to more traditional e-wallets.
In its early days, Instadebit was designed to act as an intermediary between Canadian bank account holders and their purchases – and this is very much how the company still functions today. Rather than having an Instadebit balance or digital Instadebit betting accounts, customers simply send and receive payments to and from their bank account via the Instadebit service.
In the 2010s, Instadebit became increasingly focused on developing a specialism in the online gaming space. Instadebit sportsbooks were growing in popularity across Canada and Instadebit customers all across the country were creating Instadebit betting accounts to fuel online betting and casino gaming activities.
Today, Instadebit retains its original Toronto headquarters but also holds a prominent international branch in the online betting hub of Malta. Instadebit’s services are widely available in as many as 32 countries and Instadebit bookmakers are popular all over the world – but Canada is still the company’s main target market.
Instadebit’s top calling cards are its ease of use and the fact that so many Canadian bookmakers and online casinos accept Instadebit for betting these days. Most of the Instadebit sportsbooks listed in our comparison gladly accept both Instadebit deposits and withdrawals – and many also offer faster withdrawal times with Instadebit than they do with credit cards or other e-wallets. This means that speed is also a major advantage, making Instadebit an ideal choice for bettors who don’t like to be left waiting around.
On the downside, however, Instadebit does charge a flat $2 fee whenever you withdraw funds to your bank account, which could prove annoying for those of you who are betting by Instadebit and withdrawing regularly. There’s also a $1.95 fee incurred whenever you add funds to your Instadebit account.
Instadebit sports betting ranks highly for security, as all Instadebit transactions are anonymous. However, you won’t enjoy quite as much security with Instadebit as you might do with Bitcoin betting in Canada.
Alongside PayPal betting sites and bookmakers that accept other e-wallets like Skrill and EcoPayz, Instadebit betting websites are widely used in Canada and commonly regarded as one of the safest ways to bet money online.
First-time bettors or anyone considering signing up with Instadebit sportsbooks for the first time might feel a little apprehensive about online betting using a payment intermediary, but we’re here to put your mind at rest. Not only does Instadebit have a tried-and-tested reputation that dates back many years, but all the Instadebit sports betting Canada websites we rate and review are properly licensed and regulated – as flagged up in our individual operator reviews.
We subject all Instadebit sportsbooks we come into contact with to a strict and consistent set of tests to determine their legitimacy and will never recommend an operator we wouldn’t use ourselves. The top-rated betting sites in our comparison are all 100% guaranteed to be secure.
The first thing you should do when you open an account with Instadebit for betting is get your bank account verified. Until this process has been completed, you will be subject to a temporary spending limit on your Instadebit account.
Different Instadebit sportsbooks have different rules when it comes to deposits and withdrawals. While one bookmaker might accept Instadebit on deposits only, others that allow you to make Instadebit withdrawals too might require you to deposit and withdraw using the same payment method to avoid invalidating any bonuses. Always double-check the terms of your favourite Instadebit accepted betting sites.
It’s not uncommon for Instadebit sportsbooks to block a customer’s account if they suspect a user has breached their terms and conditions. The most common reasons accounts get blocked can include suspicion of fraudulent activity, use of invalid ID or failure to complete a verification procedure within a stated time limit. Always check the T&Cs of your preferred Instadebit bookmaker very carefully before registering, to ensure you don’t fall foul of any of their rules.
Pretty much all the Instadebit sportsbooks listed in our comparison offer special bonuses for new customers, which might take the form of free sports bets or bonus funds playable on top casino games. It’s not uncommon for some operators to limit their bonuses only to customers who make qualifying deposits with a certain payment method – so look out for any Instadebit bookmakers that offer unique Instadebit bonuses.
Instadebit has been going for many years now and has cemented a solid reputation for itself in the online sports betting industry. Transactions are always anonymous, meaning only you and the Instadebit sportsbooks you use will see your deposit/withdrawal history. Instadebit also employs 128-bit Secure Socket Layer (SSL) encryption to add an extra layer of security. On top of this, many of the sportsbooks we’ve rated and reviewed offer additional security measures of their own, too. In short, you can rest assured any Instadebit accepted betting sites we recommend are 100% trustworthy.
With dozens of amazing bookmakers that accept Instadebit offering top bonuses, amazing sports coverage and trusted licenses, it’s not hard to see why Instadebit has become so popular with Canadian bettors. But if you’re considering signing up with one of the Instadebit sportsbooks we’ve recommended, don’t forget the following:
By following these three simple steps, we can pretty much guarantee you’ll have a whale of a time betting with Instadebit sportsbooks for the foreseeable future.
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