Welcome to the InstaDebit betting sites page. All the bookmakers which accept InstaDebit and I’ve reviewed positively in the reviews section are listed.
InstaDebit, much like its better known cousins Neteller and PayPal, is an e-commerce site which acts a sort of middleman between customers and merchants. InstaDebit is quick to set up, easy to use, and can serve to take some of the risk out of online transactions for both merchants and customers. In general, it serves to streamline and optimise the world of online financial transactions.
List of InstaDebit Friendly Sites
*Info accurate as of 25-11-2020 for the UK market.
Compare Best InstaDebit Bookmakers
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Although in the past, InstaDebit had a great deal of popularity in the online sports world, it has more recently found itself overtaken by larger rivals, and currently stands as one of the less widely-accepted forms of payment processing with online bookmakers. That being said as you can still there are still quite a few InstaDebit sites around and it’s still a viable deposit option.
How to Use InstaDebit
InstaDebit is extremely easy to set up and use; in fact, you can start using your account within minutes of setting it up and verifying your email address. The downside is that InstaDebit is not very widely accepted. As it offers an almost identical service to Neteller or Skrill, it has been somewhat forced out.
The actual site works a lot like a PayPal account; you transfer money from your bank account to your InstaDebit account, and from the re you can transfer it to a wide variety of online merchants, including several online bookmakers.
The process itself is very straightforward. Once you set up your account, you select an amount to deposit into the account. Once this money is in your account and receipt is verified, which usually takes 3-5 business days, you can spend the money as you like.
In order to get it into your online account, simply log on to your account and when prompted to fund your account, choose the InstaDebit payment option. So long as the money is already verified in your InstaDebit account, it will be deposited in your account immediately.
As to withdrawing your winnings, the process is basically identical. Simply pull the money from your account back into your InstaDebit account, and then transfer it into your bank account, where you can use it freely. The transfer time depends on your bank, but is typically faster with InstaDebit than with other online payment processors.
As InstaDebit draws money directly from your bank account, it allows punters to keep a better control over their bankroll, and avoids the temptation to overspend that is always present when using credit cards.
Additionally, as the money is coming directly from your account, you are not borrowing any money to fund your online sports account, and thus you’re not paying any interest on it.
InstaDebit Security Features
Although InstaDebit prides itself on quick turnaround times for all transactions, it does not do this at the expense of customer security.
In fact, it can often be a smart security choice to use an e-wallet like InstaDebit over a more traditional payment processing mechanism like a credit card or debit card. Not only does the e-wallet put an extra layer between your main card or account and any fraudulent activity, but it also saves your payments details from being provided to a wide range of merchants. Instead, you just provide them to InstaDebit one time which then passes on the payment information only of your InstaDebit account.
However, of course there is always some financial risk to having an online account linked to directly to your own bank account. But InstaDebit maintains an excellent security apparatus to prevent anything untoward occurring, and also to protect you from any liability should financial data be compromised.
History of InstaDebit
InstaDebit originally hails from Canada, and for a time was the most widely-used service in the country. It first gained popularity in 2003, and subsequently expanded to over 30 countries, including the United States.
However, US authorities later began to crack down on internet gambling, and the expulsion of InstaDebit from the United States proved crippling to its international success. With the US market eliminated, and the European market better served by established players like Neteller and Moneybookers, there wasn’t much of a place for InstaDebit.
Although it still operates in several countries worldwide, it is not as widely accepted by online sports books as many of its rivals. It does, however, still offer a competitive service, particularly as it does not charge any fees for deposit or withdrawal.
Fees Associated with InstaDebit Deposits
Although InstaDebit is solely an online payment processor, they are one of the few payment processors that do not charge any fees to consumers. Whether you’re making a deposit, transferring money to your sportsbook account, or withdrawing your winnings back into your bank account, InstaDebit will not charge you anything.
InstaDebit makes all of its fees through charges to the merchant. This does raise the possibility of a bookmaker attempting to pass on the InstaDebit charge to the customer through a convenience fee, but at present I do not know of any sites which do this.
However, the industry changes every day, and sites which accept InstaDebit can change their regulations with little or no notice. Just to be on the side of caution, always ensure that you give the terms and conditions thorough read through before committing to make any payments.