Sportsbooks that accept Canadian customers will often look to provide ewallet services to allow players to fund those accounts. Ewallets and similar services are not a traditional bank but they store money securely for customers to transfer and pay for a range of items online.
The majority of those additional funding options are global operators but with Instadebit, we have a company that is proudly Canadian. That’s undoubtedly a bonus when it comes to deposits and withdrawals but how does Instadebit work and what other points do we need to be aware of?
What is Instadebit?
Instadebit describe themselves on their homepage as a secure bank based payment method that is available to consumers in Canada. This is not an eWallet in the traditional sense as customers cannot transfer funds from their bank into an Instadebit account. Instead, they would find a retailer that accepts the service, click on the Instadebit button as a payment option, and funds would then be taken from the bank to cover the purchase.
This means that bank accounts need to be linked up when account holders complete registration. A simple step by step process is shown on the website under the page marked ‘how it works’. Full instructions are then laid out and this is a very simple way to pay online.
In regards to sportsbooks, the process means that you can only add funds to your account using Instadebit. You cannot withdraw there because the company does not actually store funds in your Instadebit account.
Instadebit to PayPal
Because of the way that Instadebit works, there are no options to transfer directly to and from PayPal. Only traditional banking institutions can be linked to an Instadebit account and Paypal does not fall under that category.
Other, more traditional ewallets, can provide this option but Instadebit simply doesn’t allow for it.
Instadebit in Canada
As a Canadian company, Instadebit is open to any qualifying consumer in Canada. It is specific to the country and can now accept every bank and recognised financial institution here.
In recent times, it has made big inroads into ecommerce and is now being accepted by some big names including Facebook. In terms of gambling companies, Instadebit is accepted at Sport Interaction who are another Canadian based firm and are the first choice for many players in the country. The list of bookmakers who accept Instadebit is growing and this is a fast and flexible way in which to add funds to your account.
Having Instadebit available as a deposit and withdrawal method can be a real positive for Canadian bettors. They are a familiar name in the country and that familiarity leads to trust which is a big bonus when using instadebit betting sites.
But its presence also leads to flexibility and an extra level of security so let’s get straight on and see which instadebit sportsbooks are available.
SIA (Sports Interaction)First Deposit Match Bonus up to $500CLAIMKey Terms:Bet Credits equal to your 1st deposit up to $500. Full T&Cs apply. Play Responsibly. 19+
SIA (Sports Interaction)SIA offer for Ontario residentsCLAIMKey Terms:Check the SIA website for their actual offer. T&Cs apply. Ontario only. 19+ Play Responsibly
OntarioGambling can be addictive, please play responsibly.Eligible iGames conducted and managed by iGO are only available to those physically present in the Province of Ontario.
Unibet100% up to $250CLAIMKey Terms:19+ only. New customers only. Minimum first deposit of $20. Wagering the bonus money: Bet your bonus x 6. Only bets settled within the bonus validity period of 30 days will count. Bets cannot be placed on any product other than Sportsbook. Unibet Sports Bonus Money can't be used for the following products: Poker, Casino, Live Casino, Games, Bingo. The bonus will expire after 30 days of opt in. If you don't complete the wagering in this time the Unibet Bonus Money and the winnings you've made by wagering the Unibet Bonus Money will be lost. General Unibet terms and conditions apply.
Royal Panda Sports50% Matched Free Bet up to $/€50CLAIMKey Terms:New customers only. Deposit $/€10 min and claim in ‘my offers' 1x50% Matched Free Bet Up to $/€50, to be used for live and mobile. Valid for 7 days. Full T&C's apply 18+ Play responsibly
Royal Panda SportsRoyal Panda Sports Offer for OntarioCLAIMKey Terms:#Ad Full Terms and Conditions Apply. Gambling can be addictive, please play responsibly. Eligible iGames conducted and managed by iGO are only available to those physically present in the Province of Ontario. 19+
Betway100% Deposit Bonus up to $200CLAIMKey Terms:New Canada customers only. Opt-in required. Bonus based on 1st deposit of $10+. 10x bonus wagering at odds of 1.75+. Terms apply
BetwayOntario Sports Offer from BetwayCLAIMKey Terms:New customers only from Ontario (CA). 19+. Full Terms apply. Play Responsibly
888sport100% bonus up to $300 + $10 casino bonusCLAIMKey Terms:$10 min deposit • The bonus will be applied once the full deposit amount has been wagered at least once with cumulative odds of 1.5 or greater • Wagering must be cleared within 60 days • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager the bonus amount40 times within 14 days • Casino Bonus expires after 60 days • Wagering limit of $50 per bet Applies • Withdrawal restrictions, payment methods, country & Full T&C’s apply
888sport888Sport's Ontario offerCLAIMKey Terms:#Ad Full Terms and Conditions Apply. Gambling can be addictive, please play responsibly. Eligible iGames conducted and managed by iGO are only available to those physically present in the Province of Ontario. 19+
LeoVegas100% Match up to $1,000 extra AND a Free Bet worth up to $75!CLAIM
LeoVegasLeo Vegas Sports Offer for OntarioCLAIMKey Terms:Full Terms and Conditions Apply. Gambling can be addictive, please play responsibly. Eligible iGames conducted and managed by iGO are only available to those physically present in the Province of Ontario. LeoSafePlay.com 19+
ComeOnBet $25 and get $100 in Free BetsCLAIMKey Terms:18+ Begambleaware.org Min. deposit: $20. Wagering requirements (min odds 1.75) must be fulfilled within 30 days before a withdrawal. Accepted payment methods for the welcome offer are: Credit or Debit cards, MuchBetter, Local Bank Transfers, Interact. Any fraudulent or unethical behaviour be suspected in the Player’s Gameplay, the company has the right to reject the withdrawal and confiscate winnings.
888sport100% up to £250 w/ code 250BONUSCLAIMKey Terms:#Ad. 18+. £10 min deposit using promo code 250BONUS • The bonus will be applied once the full deposit amount has been wagered at least twice with cumulative odds of 1.50 or greater • To withdraw any winnings from your bonus, you must wager the bonus amount at least 5 times • All deposit and bonus wagering requirements must be completed within 60 days • This offer may not be combined with any other offer • Wagering limit of £50 per bet Applies • Restrictions apply to withdrawals, payment methods and countries & full T&Cs apply. Please gamble responsibly - www.begambleaware.org
BetwayGet up to £90 in Free BetsCLAIMKey Terms:Opt-in required. Upon weekly qualification, customers will be credited with £/€10 in Free Bets in two £/€5 installments on Saturday and Monday. From 24th September until 18th November 2022, an extra £/€5 Free Bet will be added to Quest to Qatar pot, which half will be credited on 19th November 2022, and the other half credited on 3rd December 2022. £30 Acca Offer New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. Debit card deposits only. Valid for 7 days from your new account being registered. 18+. BeGambleAware.org. Full terms apply.
BetfredStake £10 Get £60 in BonusesCLAIMKey Terms:New UK customers only. Register using the promo code BETFRED60, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £20 in Free Bets to be used on Sports, £10 in Free Bets to be used on Lotto and 50 Free Spins (20p per spin) credited within 48 hours of bet settlement. Further £20 in Free Bets credited 5 days after settlement. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply. 'TAKE TIME TO THINK.' www.begambleaware.org #ad
Mr PlayBet £10 Get £15CLAIM
LV BETBet £10 Get £10CLAIMKey Terms:18+ | New UK players after 31.03.2021 | Valid on first Sports bet | Min. dep. £10 req. | Min. £10 wag. on the first bet with min. total odds of 1/1 to qualify | Bet must be settled | Bonus Wag. req.1x on min. 2-fold Acca bets (min. 1/4 odds each selection) with min. final odds of 1/ 1| Virtual and cashed out bets do not qualify | One-time offer | Bonuses credited following working day | T&Cs apply | BeGambleAware.org #ad
10bet50% up to £50 Welcome BonusCLAIMKey Terms:New Customers only; Min. deposit £15; Bonus amount 50% of deposit up to £50; Wager deposit and bonus 8x within 60 days; 4/5 Min. single odds or 2/5 min. acca selection odds; Max. stake contribution equal to the initial bonus; Certain bet types and payment methods excluded; See full Terms apply; 18+ www.begambleaware.org #ad
Unibet£40 Money Back + £10 Casino BonusCLAIMKey Terms:18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first sports bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Visit Unibet.co.uk for full T&Cs. #Ad
LV BET100% up to €50CLAIMKey Terms:18+. New Customers Only. 100% Welcome Bonus up to €50. Minimum deposit: €10. Maximum Bonus: €50. Wagering Requirements: 12x (Deposit+Bonus). Minimum 2 selections with total odds of 2.00. Payment method and country restrictions apply. The offer is valid until 31.12.2021. Bets placed on different selections within the same market or bets placed on equivalent markets are not eligible for this offer. Gamble Responsibly.
QuinnBet SportsUp to £35 Free Bet + 10 Free SpinsCLAIMKey Terms:#ad 18+ New UK Customers Only. If your account has Sportsbook losses at the end of your first day's betting, QuinnBet will refund 50% of your losses as a Free Bet up to £35 (min 3 bets) Plus 10 Free online casino spins at QuinnCasino. Even if your account is up, you're guaranteed a £5 Free Bet Plus 10 Free Spins provided you place at least 1 bet of £10 or greater at the minimum odds. Full T&Cs apply BeGambleAware.org
LeoVegas100% profit boost up to £100 - mobileCLAIM
As a Canadian bookmaker, Sports Interaction Instadebit facilities were always likely to be made available. The company sets themselves up as Canada’s favorite sportsbook so they should be backed by Canadian funding options too.
Sports Interaction certainly have a focus on all the favorite North American sports and with great odds included, this sportsbook is the first name on the list for many Canadian bettors.
We’ve made our recommendations above but if you want to use your own instadebit betting site, the process of betting is a simple one. Firstly, make sure that this method is accepted if it’s important for you to have this company as part of your portfolio.
Once that point has been established, simply click on the deposit button and choose instadebit as your option. Type in the amount that you wish to add into your betting account and then click on confirm. It really is that simple – you don’t even need your instadebit login and your payment should clear instantly, ready for you to place a bet.
FAQ for Instadebit
How to Set up an Instadebit Account?
Full details of the registration process can be found on the instadebit canada homepage but once again, this is another simple procedure.
In the first instance, prospective customers will be asked to type in their email address and a chosen password before hitting the sign up button.
From here, other essential personal information will be required including obvious details such as name and address. Finally, once everything has been verified, new customers will then link up their bank accounts to the service.
It really is a simple process which should take up no more than a few minutes of your time.
Which Canadian Banks work with Instadebit?
Instadebit Canada claim that they work with every bank and financial institution within the country.
For most consumers based in the country, this will involve an account with the ‘big five’ – the Bank of Nova Scotia, Bank of Montreal, Royal Bank of Canada, Toronto Dominion and the Canadian Imperial Bank of Commerce. Those names are certainly covered here but, as the company say, instadebit should be fine no matter who you happen to bank with.
Instadebit Deposits, Limits, Fees, Withdrawal Times
Instadebit will, in the first instance, place a spending limit on your account. This will be small at first but it will increase as soon as your bank account has been verified. The final figure may vary depending on your status so there is no set limit that we can confirm at this stage.
In terms of fees, there is no charge for setting up the account but, for every purchase made from that point, $1.95 CAD will be taken from your account. In addition, customers should note that if any refunds are made by a retailer, instadebit will deduct $2.00 CAD.
As far as time limits are concerned, customers should allow between 0 and 2 days for the money to be taken from and also to be returned to an Instadebit account.
Those are the terms as laid down by the financial institution but we do recommend checking with your instadebit betting site just to see whether there are any additional charges or delays that may apply.
Pros and Cons of Using Instadebit
Throughout this instadebit review we have touched on some of the positive aspects of using their service. Firstly, those fees are very competitive and the $1.95 flat charge compares well with similar providers. Of course, it is possible to fund an account for free with a bank’s debit card but the added layer of security that Instadebit provides is a bonus which we’ll mention in a moment.
Remember that $2.00 charge for returns: That could be seen as a downside as many other institutions will not make a charge for refunds going back into your account.
The other big positive is that security element: When using instadebit sportsbooks, your account details are not shared with the final retailer and this aspect adds another benefit to what is, already, a very safe service.
Then there is the question of flexibility and ease of use. Overall, while we have touched on some very minor downsides in this instadebit review, the message is a positive one and we can strongly recommend them to Canadian bettors.