InstaDebit

An Introduction to InstaDebit

There has been a new wave of payment methods online in recent years. As technology improves, companies are looking for unique and innovative ways to help consumers online. When it comes to the gambling industry, debit/credit cards and manual bank transfers were always the two main avenues available to bettors.

However, while both have their benefits, they also have drawbacks; customers have to enter their financial information into the bookmakers website when using debit/credit cards, or they had to visit the branch when depositing with a bank transfer. InstaDebit offer a solution – an instant bank transfer made online through a secure third party.

Originally just available to Canadian residents, InstaDebit’s service has expanded worldwide and is now available in many countries to customers of a wide range of banks.

How InstaDebit Works

As mentioned, InstaDebit allows customers to make payments to bookmakers directly from their online bank account. The bank credential stay securely between the individual and the bank and no personal information is divulged to the merchant.

Customers can set up an account at InstaDebit by completing the simple registration form online.

Once the users have set up an account the process is very simple. When an individual wants to deposit in their betting account they will simply select the InstaDebit payment option and will input their username and password before confirming the deposit amount.

InstaDebit do not charge customers any fees for using their service – a small charge is levied to the merchants instead. However, if the transaction does include any currency conversion, the company do charge a small conversion fee. The website can be viewed in English, Spanish, Polish, Swedish, French, Italian and German.