• 100% up to $100
  • 5.0
Advantage list
  • Fast Payout
  • Cash out
  • Live Betting
  • Fully Licensed
Disadvantage list
  • Limited game options compared to other Bookies
  • 100% up to $100
  • 5.0
Advantage list
  • Great odds
  • Extensive amount of games covered
  • Exceptional bet types available
Disadvantage list
  • Web version of the site can be confusing to stake
  • Cash out option is not smooth or consistent

InstaDebit is a Canadian payment services product that operates from its headquarters in Toronto, Ontario. It was launched in 2004, and its purpose is to be a payment gateway that allows customers to transfer money and pay for online products and services by using local banks’ online products. It also eliminates the need to provide your banking and personal information with online vendors.

What is InstaDebit?

InstaDebit is an e-wallet that allows you to make online payments for products and services. This also includes being able to make deposits and withdrawals from sportsbooks. The Canadian sportsbooks offer many great options for payment methods, and with many of them, InstaDebit is also an option. It allows you to bet directly from the sportsbooks without having to use a ‘middle-man’ account.

How InstaDebit Works

It’s important to note that InstaDebit is not an e-wallet as such. It is an intermediary payment service method that links Canadian customers and their local banks. The benefit of this is that you would not have to disclose your personal and banking information to 3rd parties when making online purchases, deposits, or withdrawals.

It simply links you and your online banking account. Some of the banks that InstaDebit works with include TD Bank, the Bank of Montreal, the Imperial Bank of Commerce, Scotiabank, the National Bank, and the Royal Bank of Canada, amongst others.

You must hold a checking or savings account with the supported Canadian banks to use it. It keeps all the details of your transactions safe. The advantage is to transfer money to the sportsbook you register with, and it will receive your payment in real-time, which means the funds will instantly be credited to your sportsbook wallet.

Punters need to be 18 years old or above and be able to provide their SINs (Social Insurance Number) last four digits which will ensure the safety of their transactions. You can also quickly try out how InstaDebit works because as soon as you set up your account, you can use it immediately.

With other e-wallets, this is not the case. For example, with Neteller and Skrill, you need to sign up, top up your account and verify the account you will use before you can access certain features and maximize your spending caps.

Pros and Cons of Using Instant Debit Betting Sites

You should consider the pros and cons of using InstaDebit with the sportsbooks you might want to register with. Here are a few of the main ones: 


  • Accepted by many sportsbooks in Canada

As we mentioned earlier, InstaDebit is accepted at various sportsbooks available for Canadian punters. The biggest advantage to InstaDebit is, unlike many other alternative solutions such as Trustly or iDebit, it allows not only deposits but also withdrawals.

  • No fees are involved in deposits and withdrawals.

InstaDebit is affordable since it does not charge you fees on your deposits or withdrawals as alternative payment methods do. If there are additional charges, they will be minute, and you are highly unlikely to feel the pain in your balance. 


  • The most significant disadvantage to InstaDebit is that it is only available to local Canadian players. It’s more of a hindrance for the global market, but it also means the only way you can access its services is by having a checking or savings account with one of the various banks it has partnered with
  • The registration process with InstaDebit is longer than other e-wallets such as Neteller or Skrill, which have virtually no registration requirements. However, once you complete the registration process, you no longer have to share personal or banking information with the online vendors you choose to buy on.
See also  How to use eWallet Services To Deposit/Withdraw At Sportsbooks

Is it legal to deposit on betting sites with InstaDebit?

The simple answer is yes. It has partnered with various banks in Canada and sportsbooks to offer its deposit and withdrawal services. To do this, it has acquired several finance licenses with the requisite authorities in Canada.

Can I use InstaDebit, and what is required to use it legally?

With InstaDebit, you are required to first and foremost be of legal age or above. You are also required to hold a bank account with a Canadian bank. Finally, you must provide the last four numbers of your Social Insurance Number (SIN) to confirm your identity and protect your transactions.

Opening an account with InstaDebit:

The procedure of signing up with InstaDebit is simple and easy. If you want to pre-register, you may do so on the InstaDebit website or when you make your first sportsbook deposit. You must complete a simple sign-up form to register, including your name, email address, and the final four digits of your Social Security number (SIN).

Additionally, InstaDebit needs your birth information to confirm your age (those under the age of 18 are not permitted to use the payment gateway’s services). On the other hand, a portion of your Social Security number is necessary since InstaDebit needs to verify your identification. This aids in the prevention of money laundering and other unlawful activities.

Giving basic details about your bank or savings account is also required during the registration process because InstaDebit functions essentially as a middle-man between the bettor and their financial institution. This entails entering your five-digit bank transit, three-digit, and twelve-digit personal bank account numbers.

All of this information is included at the bottom of an old check. If you don’t have one handy, you can always get in touch with your bank and ask them to provide you with the information you need.

The payment provider will execute a deposit (usually around C$2) to your checking or savings account when you set up your InstaDebit account. Within five days of registering, the precise amount that has been credited to you will appear on your bank statement.

You may use this to authenticate your bank account, which is the whole point. You would also be able to raise your spending caps and process withdrawals as a result. You must go into your InstaDebit account after receiving this tiny deposit, go to the part labeled “Verify Bank Account,” and input the sum that was credited to your account (the exact amount is known only to you).

We advise using the same email address you used to open your online betting account when signing up for InstaDebit. If the two emails do not match, some sportsbook providers won’t process the payment.

Depositing Your Sportsbook Balance with InstaDebit

instadebit deposit

instadebit deposit

Many Canadian gamblers favor InstaDebit because it makes it simple for them to make quick deposits to betting sites in real-time. Simply go to an online sportsbook that accepts this payment option, sign up (or g log in directly if you already have an account there), and enter the cashier where you may select InstaDebit.

See also  Pay Pal Betting Sites in Canada

Before directing you to the InstaDebit website, where you must log in, the system will ask you to choose the desired deposit amount (or initiate the payment as a new customer and register during the check-out). Once you have verified the money transfer according to all the procedures, you are done. Because InstaDebit handles real-time payments, your sports betting balance is updated in a matter of seconds.

One sportsbook deposit cannot be split between two or more distinct bank accounts. A player’s InstaDebit can only be linked to one bank account at a time. Other than that, the majority of trustworthy betting companies that accept Canadian bets do not charge their consumers for InstaDebit deposits. However, your bank could impose additional online banking costs, so be sure to speak with a bank representative for further details on their prices.

With this technique, you may handle payments in CAD and USD, two separate currencies. Since most online bookmakers accept both currencies, there is unlikely to be a charge for currency conversion.

We have found that 888Sport, Betway, and Sports Interaction accept InstaDebit as a payment method, but William Hill does not.

Withdrawing from Your Sportsbook Balance with InstaDebit

Numerous sportsbooks that accept InstaDebit would allow withdrawals in addition to deposits. Few betting companies would refund InstaDebit depositors’ withdrawals using conventional bank transfers, but every rule always has exceptions. Keep that in mind and double-check with customer service to ensure the technique is supported for both deposits and withdrawals.

InstaDebit withdrawals are carried out in the same manner as deposits, save from the fact that you are the recipient and are credited with the funds in this case. After entering into your sportsbook account, you touch or click the balance icon, input the amount you wish to withdraw, and then confirm the withdrawal request.

InstaDebit withdrawals are not handled instantly, which makes sense given that sports bookmakers need some time to authorize withdrawal requests. You often have the choice to cancel the request while it is being processed and keep placing bets.

Depending on the sportsbook you bet at, processing times vary, but they rarely go above 48 hours. Usually, it takes five working days for the money to arrive in your InstaDebit account after it has been released from your sports betting balance. You may then deposit the winnings into your checking or savings account.

To avoid charging customers extra fees while utilizing InstaDebit, several reputable sportsbooks cover the corresponding costs. We advise you to avoid caution and review the sportsbooks’ terms and conditions for further information on their withdrawal procedures.

Instadebit FAQs 

Do I need an account with Instadebit to use it?

To deposit an online store, you must register for INSTADEBIT. If you have never used INSTADEBIT, you may join up on your first transaction and start using it right away. 

How long will it take for the funds I withdraw from my Instadebit Account to be available in my bank account?

The monies must pass via the banking network and arrive in your bank account between 1 to 5 business days.

What happens when I receive funds from a betting site with Instadebit?

Because INSTADEBIT is not a wallet, it cannot keep the money for a long time. You may deposit money to participating businesses using your INSTADEBIT account in a risk-free and secure manner. If funds in an INSTADEBIT account are not transferred to a merchant within a reasonable time or withdrawn to a bank account during that period, your bank account will be automatically credited with those funds, less applicable fees.

See also  Online Gambling Payment Methods in Canada

InstaDebit Fees for Betting Sites

The process of opening an Instadebit account is free. Payments made from your Instadebit Balance Account are free. Making a payment from your bank account to a betting site costs CAD 1.95. There are NO fees associated with transferring monies from a betting site’s payment to your Instadebit Balance Account. To transfer money from your balance account to your bank account, a CAD 2.00 fee applies.

Best Betting Sites With Instant Debit In Canada


Betway is one of the leading sportsbooks around the world. It covers many regions and caters to those regions in terms of various aspects such as popular sports, language preferences, and payment methods. As it has managed to be a viable sportsbook in Canada, Betway has included InstaDebit as a payment method.

Sports Interaction

Sports Interaction is one of the world’s best and biggest sportsbooks, especially in Canada. InstaDebit functions as a payment method for Sports Interaction players as well. Check out our Sports Interaction review. 


888Sport, much like Betway, also caters to its users for their specific needs and preferences in the different regions they operate in. As they have done so around the world, 888Sport has customized its betting convenience to accommodate Canadian players who prefer to use InstaDebit. Learn more about 888Sport.

Security and Privacy

Money may be sent to and from your online sports betting account quite safely with InstaDebit. The details of this technique do away with the requirement that you give your online sportsbook any financial information. During the deposit or withdrawal procedure, there is no need to input any lengthy bank account or credit card details.

To utilize InstaDebit, you don’t even need to have a credit or debit card. The technique acts as a middle-man, keeping all of your private information secure between you and the bank with whom you have an account. Your financial information is never disclosed by InstaDebit to online retailers, or in this case, to the online bookmakers you are placing a wager with.

The InstaDebit platform is protected by advanced 128-bit SSL encryptions, which conceal all the information during transmission to and from the website and provide strong fraud protection.

Additionally, TRUSTe and VeriSign, two of the best certification firms in the world, rigorously monitor and supervise all financial transactions made via the InstaDebit gateway. The identification verification each InstaDebit customer goes through throughout the sign-up process adds an extra degree of protection. Your date of birth and the final four digits of your SIN work together to safeguard you and your money.

Without knowing the precise amount InstaDebit has transferred into your bank account to validate your identification, you cannot authenticate your account. You are essentially the only one who can see this amount and use it to correctly complete the verification because it displays on your bank account.

Deposits and Withdrawals:

and much more

More on payment methods