Instadebit Vs. iDebit Vs. EcoPayz – Which is the Better Payment Method for Canadian Players?

Published by Robin Storm on September 15, 2021 in Casino Tips

Canada features a selection of intriguing banking methods. However, three of the overall popular payment methods available to Canadian players are Instadebit, iDebit and ecoPayz. But if a Canadian online casino offers all of these options, which do you choose? What are the differences between them and how do you benefit from using them for deposits (and potentially for withdrawals, too)? Join us as we take a look at these individual banking options and figure out which one provides the better service for Canadian gamers.

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Benefits of Using Instadebit to Make Payments

Instadebit is a payment method that works with banks based in Canada, providing its users with the opportunity to transfer money from their bank accounts to the casino. It can also be utilised for withdrawing funds from the chosen platform, and setting up an account with Instadebit is quick and simple.

One of the primary appealing features associated with Instadebit is that it is usually accepted at most online casinos providing their services to Canada. The payment method also offers high levels of security for transactions, as well as top-quality customer support and speedy transaction times.

Its cutting-edge encryption technology ensures that all of your personal information is kept safe and out of the hands of third parties. All accounts are fully monitored on a 24/7 basis to keep them secure, with customer service being on hand for that timeframe, too. At the same time, withdrawals done through this payment method are exceptionally fast, with most transactions not taking longer than 72 hours. And one other perk to using Instadebit is that you do not need to reveal your bank information to the casino or to third parties, either.

Perhaps the largest downside of Instadebit is that it does not link up with all Canadian banks. So, you may want to check if the bank you hold an account with is supported.

Benefits of Using iDebit to Make Payments

As with Instadebit, the iDebit option takes funds from your bank account and deposits this directly into the casino for you. Essentially, the payment method works as the middleman between the two. Likewise, it has partnered up with multiple banks to allow customers to benefit from this service. The primary difference is that iDebit has the possibility of functioning as an e-wallet or as an intermediary between your account and the casino.

iDebit was originally crafted with the idea of catering to people in numerous countries around the world, but Canadians make the most use of it. It is a safe and simple method to utilise, both for completing deposits and withdrawals at a casino. Deposits with iDebit will always be completed instantly, and this allows you to get on with playing some of the best casino games found within the lobby.

It is key to note that transactions completed through this service do come with a fee. A payment from your online bank account costs $1.50 per transfer while moving money from your iDebit e-wallet to the casino costs $2.00. Of course, some other payment methods may charge more than this, but there are definitely options that don’t charge fees at all, too.

As in the case of Instadebit though, iDebit is simply a middleman, so none of your bank details will be saved by the payment method. Protection comes in the form of SSL encryption technology, guaranteeing that any of your personal data is kept safe. And as mentioned earlier, iDebit does also have a presence outside of Canada, meaning that it is potentially used on a much wider scale.

Benefits of Using ecoPayz to Make Payments

When compared against the other two options, ecoPayz offers a totally different bag of chips. This is a payment method that is similar to Skrill or maybe Neteller, in the sense that it is an online e-wallet. Therefore, making deposits and withdrawals through ecoPayz requires you to have signed up for an account with the brand. From there, you can upload funds to the e-wallet before transferring them to the casino account in a transaction.

Unlike Instadebit and iDebit, ecoPayz isn’t based in Canada and it isn’t operated by a Canadian company, either. Instead, it is operated by the Financial Service Authority (FSA) of the United Kingdom. It is because of this that it is also accessible to a number of other countries apart from Canada. This doesn’t mean that its operation in Canada is anything less to experience, though.

Secure account funding will be experienced with this payment method, and you will have the benefit of top-quality data security. Opening an account is free and there is little waiting time for the processing of transactions, both deposits and withdrawals. Virtual card payment options can also be set up through ecoPayz. However, there can be extra fees in place when it comes to transferring money from and to your e-wallet account.

Instadebit Vs. iDebit Vs. EcoPayz

  • Online Casinos With InstaDebit

    InstaDebit is a payment option available only for Canadian players. It comes with quick and easy payment processes, relatively low fees and immediate deposits. When it comes to withdrawing funds, it will take some business days to be deposited into your InstaDebit account. An added benefit is that players can request cashback and refunds if something is wrong.

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  • Online Casinos With iDebit

    A virtual wallet currently only available for players based in Canada. iDebit provides instant deposits and withdrawals with extremely low fees and it is extremely easy to start using iDebit in online casinos. With no credit card requirement, iDebit is also a convenient option for any Canadian players that do not want to use their credit card to play at online casinos.

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  • Online Casinos With ecoPayz

    Most payment methods require the players to send over their bank details, ecoPayz can be a solution to anyone who doesn't want to hand over their bank details. This payment method allows players to create a virtual debit card and this can be connected to your e-wallet of your choosing. It should be noted that in certain regions, some low fees may be added to your transactions.

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So, What Stands Out as Being Better?

In general, the ecoPayz e-wallet stands out as being better if you’re looking for speedy deposits and withdrawals. The other options can have slower withdrawal timeframes to endure. However, ecoPayz and iDebit both charge users for transactions, and while the fees aren’t overwhelmingly high, over time, they can mount up. Instadebit and iDebit potentially work better than ecoPayz as you make a direct transfer from your bank account, whereas funds need to be uploaded to the ecoPayz wallet.

In the end, it depends upon your personal preference. Of course, if you have a bank account that isn’t supported by Instadebit but is by iDebit, then the answer between them remains obvious. However, ecoPayz always remains a valid alternative to utilise in any circumstance.

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Robin Storm
Robin Storm
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Always on the lookout for the best online casinos and their latest offerings, Robin works hard to make gambling fun and worry-free for all the players. His years of experience working in the industry provides. If he’s not trying out new casinos and playing slots, Robin enjoys testing new recipes and listening to the latest hits. He is very passionate about being able to play casino games in a relaxed and fun way and he is enthusiastic to share in his articles on how to play at casinos and avoid all the hassle.
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