iDebit is the preferred payment method for many Canadians. It’s easy to use and has certain perks that e-wallets and other payment methods are lacking.
In this iDebit review, we’ll present to you the recommended iDebit sportsbooks and casinos Canadians can use, and help you get familiar with this payment method, its fees, pros, and cons.
Our Recommended iDebit Sportsbooks
What is iDebit?
Think of iDebit as Canadian PayPal. iDebit allows you to quickly transfer your money using your bank account, but without the need for a debit/credit card.
How Does iDebit Work?
Much like INSTADEBIT, iDebit connects your and the merchant’s bank account without disclosing your bank information to them.
In a nutshell, it’s a safe, secure way to utilize your bank account online.
What’s more, you don’t even need to create an iDebit account in order to use it. You can easily connect iDebit to your bank account while checking out as a guest, which is a real time saver.
Another neat thing with iDebit is that you can log in to access your complete transaction history at any time.
Pros and Cons of iDebit
No Debit/Credit Card Needed
Payments Processed in Real Time
Can be Used for Both Deposits and Withdrawals
Long Withdrawal Times
No Business Accounts Permitted
Safe to Use
With iDebit, your bank account details remain hidden from the merchant. This helps protect you from identity frauds and scams.
Instant Access to Funds
As soon as you log into your bank account, you can access your funds. Payments are processed instantly, so you don’t have to wait to place the next bet.
Deposit & Withdraw
Unlike many e-wallets, iDebit lets you use your bank account for deposits and withdrawals alike.
This is one of the main reasons more and more sportsbooks are offering iDebit as an option, as it allows for a more streamlined transaction process.
Ease of Use
iDebit is as simple as online transactions get: log in, choose your bank, and start transferring funds.
Withdrawal May Take Some Time
Nothing is perfect, so neither is iDebit. One of its main downsides is that withdrawals may take longer than other payment methods. This is something we’ll discuss further down.
It’s virtually impossible to find an online transaction platform that charges no fees. iDebit is no exception. However, the fees aren’t too stark, as you’ll see below.
No Business Accounts Permitted
This is more of a nuisance than a big downside, but if you were planning on using a business account for iDebit, you won’t have that option.
Is iDebit Safe to Use?
iDebit claims to offer bank-level security, and the claim is based on the fact the merchant never gets to see your bank details. This helps prevent identity theft, making iDebit a very safe way to deposit and withdraw money online.
iDebit does collect your personal information such as date of birth, home address, and bank account number.
One thing we see as slightly problematic in terms of safety is that, should you have any doubts about identity theft, the only way to contact them is via email. Being able to call and ask for help right away would be better.
Are There iDebit Fees?
iDebit does have some fees. However, they’re either average for these types of services, or lower than what you usually see.
The only two fees are 1.50CAD/USD for making a deposit, and 2.00CAD/USD for requesting a withdrawal.
How to Deposit with iDebit
Depositing with iDebit is very straightforward:
- Select iDebit as the depositing method.
- You either log into your iDebit account, or check out as a guest.
- Then, select your bank and log into your account.
- Now simply approve the payment, and it will be processed and deposited in real-time.
The fact that payments are being processed instantly is what makes iDebit the preferred choice of many online gamblers.
Can You Withdraw with iDebit?
Good news: Unlike methods like Flexepin, iDebit lets you withdraw money as well as deposit it.
How do I Withdraw Money From LeoVegas Using iDebit?
If you want to withdraw money from an online sportsbook such as LeoVegas, here’s how to do it.
- Select iDebit as a withdrawal method.
- Log into your account or check out as a guest.
- Select ‘Withdraw funds’.
- Select your bank and choose how much money you want to have withdrawn.
Disclaimer: LeoVegas asks that you use iDebit for depositing money before you’re able to use it as a withdrawal method.
How Long Do iDebit Withdrawals Take?
iDebit withdrawals can take as long as 5 business days. What’s more, iDebit may hold onto your funds until the previous transactions have cleared.
Can You Use iDebit at Casinos?
Yes, there are casinos that let you deposit and withdraw funds using iDebit. In fact, many casinos prefer it. From the technical point of view, it’s simpler to have gamblers deposit and withdraw money the same way.
Meanwhile, gamblers love this online transaction platform since it allows immediate processing.
Best iDebit Casino Sites
INSTADEBIT vs iDebit
Both INSTADEBIT and iDebit are good options for depositing and withdrawing money. But each have their pros and cons.
iDebit’s main advantage is the fact it doesn’t require the creation of a profile, while INSTADEBIT has a wider bank coverage.
Depending on what matters more to you (and if your bank is accepted at iDebit) you’ll go with one or the other.
Does iDebit work in Canada?
Yes, iDebit works in Canada. In fact, at the moment, it’s only available to Canadians.
Which is the best iDebit betting site in Canada?
Multiple betting websites let you use iDebit, and using it is quite straightforward. Our recommended iDebit betting websites are LeoVegas and 888sport.
iDebit is a safe and trustworthy way to withdraw your money. Its bank-level security is based on the fact that you’re not sharing your bank information with the merchant.
Do you need an account to use iDebit?
No, you don’t need an account to use iDebit. You can check out as a guest.