iDebit is a convenient, secure, and time-efficient payment processor which enables customers to carry out payments on the basis of online banking. The service is available in over twenty countries and is accepted by a huge number of online merchants. In recent years, it has gained a good amount of popularity among online casino players as becomes evident by the constantly increasing number of web-based gambling operators that add it to their lists of supported payment options.
While iDebit is predominantly used in European countries, players from jurisdictions like Canada, Japan, New Zealand, and Australia can also deposit or withdraw with this method. The service supports a variety of currencies including the widely used EUR, CAD, USD, GBP, and AUD. Many fans of interactive gambling choose iDebit as their preferred deposit method as it enables them to preserve their anonymity.
Since the service is based on online banking, one is not required to put in sensitive information like credit card or bank account numbers. In fact, one is not even expected to possess a credit card in order to bolster their casino balance with iDebit. The funds are instantly transferred from the player’s own bank account to that of the online casino in a secure and hassle-free fashion.
There are two conditions players need to meet in order to use iDebit to gamble for real money online – they must sign up with an iDebit account and have an online banking account at one of the banks, associated with this payment solution.
Using iDebit for Gambling Transactions
If you have ever used online banking as a means to pay for online purchases, you most definitely will not run into any difficulties while depositing with iDebit. While registration is indeed necessary, iDebit makes it possible for players to first test the service, so to speak, and process deposits as guests. In this case, iDebit will act as an intermediary between the player’s banking institution and their online gambling site of choice. If satisfied with the service, players have the opportunity to create an account following the completion of their first deposit.
However, the majority of people using iDebit for online gambling transactions prefer to set up an account with the payment service because registering enables them to withdraw their winnings as well. Owners of an iDebit account can also track all their transactions and thus, better control their spendings thanks to the Transaction History feature. In addition, registration enables customers to store funds in their iDebit accounts and deposit from there instead of from their bank accounts.
The registration process is free and will literally take only a few minutes of your time. Entering some personal details like one’s name, country of residence, email address, and date of birth is also necessary but do not be concerned – iDebit does not share any of its customers’ information with third parties and requires you to input your birth date as a means of confirming your identity to prevent security breaches.
iDebit for Gambling Additional TipsOnce you have finished with your registration at iDebit, you are ready to make your first online casino deposit with this convenient method. After you access your casino account and load the cashier, you must select iDebit from the list of accepted methods and enter the amount of money you intend to add to your casino balance. You will see a new window pop up, where you will be prompted to enter the email address and password for your iDebit account.
The next step involves selecting your bank from the drop-down menu with financial institutions, working with iDebit, and entering the details of your online banking account. If you have no online banking account, you need to get in touch with your bank and apply for this service. To complete your deposit, you approve the payment. Then, iDebit immediately transfers the amount from your personal bank account to that of the online gambling operator and issues a receipt for you.
Players, who hold accounts with iDebit can use the payment service to cash out the profits they have accumulated while gambling online. The procedure is quite similar to that of processing a deposit with iDebit as they need to follow the steps from above. The difference is that the withdrawal amount would normally require a little more time to reach your bank account because the online casino needs to verify the transaction for security purposes. Note that this feature is not supported in all countries iDebit is available in.
Advantages and Disadvantages of iDebit as a Casino Payment Method
There are several obvious advantages to using iDebit as an online casino method. First off, this payment service offers an extremely high level of security because it relies on the same banking systems that are used for bank transfers on a global scale. There is no need to possess a credit or a debit card, which furthers security but also enables one to carry out payments to and from gambling websites anonymously. The online banking information you put in when depositing with iDebit remains secure between you and the banking institution you trust.
Unlike some other payment processors of this type, iDebit supports both deposits and withdrawals which is yet another benefit of using it for online gambling purposes. Another positive of this method is that the payments are processed in real time and your gambling money will be waiting for you in your casino balance within a few seconds.
More Advantages and Disadvantages of iDebitThe method is considered by many casino players a very cost-effective option as it entails no hidden charges and the fees involved are within the reasonable limits. Last but not least, iDebit comes with an exceptional ease of use which makes it the perfect option for players from all walks of life since payments are completed with a few simple steps only.
Truth be told we are hard-pressed to find any downsides to using iDebit as a casino payment method. There really is not much there to complain about. Some players are turned off by having to go through registration in order to fully benefit from the service. Yet, given how quick and simplified creating an account is, it would be fair to say such complaints are totally unwarranted.
The only trouble with iDebit is that this payment service is still available in a limited number of countries. Players from many jurisdictions will not be able to take advantage of it because one needs to hold an account with a bank associated with iDebit in order to initiate a gambling transaction.
Fees for Gambling Transactions with iDebit
As previously stated, iDebit is among the most cost-effective ways to make payments to and from your favorite online casino. Using the service is associated with some small fees which, when compared to what some other payment processors charge, will leave players with the impression they are charged peanuts for using iDebit.
As is normally the case, most online gambling operators cover the expenses on players’ deposits and do not charge them on loading funds into their casino accounts. Hence, there will be no charges on depositing monies at your casino account with iDebit, at least in the majority of cases. However, there are some minor fees on behalf of the payment services company itself. These vary depending on the currency one uses.
For instance, casino enthusiasts who make their deposits with iDebit through their online banking accounts will be charged at the rate of $1.50 or €/£1.00 per transaction. This is beyond reasonable, especially if we consider these rates are actually flat and do not fluctuate on the basis of the deposited amount. In comparison, the charges of some other payment service companies are percentage-based and the costs of making a transaction dramatically increase the higher the processed amount. But with iDebit it only gets better.
iDebit Fees Additional TipsThose who have taken the time to sign up with accounts at the processor’s website will not spend a dime if they deposit directly from their iDebit balance where the transactions are carried out at no charge whatsoever. The same applies for transferring funds from your online casino account to your iDebit balance – you will face no charges on behalf of the payment company for the transaction. Meanwhile, sending money from your iDebit balance to your bank account will cost you, but again, the fee is quite decent at $/€/£2.00 or the equivalent in the other supported currencies.
Just to spare themselves the unpleasant surprises, we recommend players to contact or visit the banking institutions they hold online banking accounts with. While there are no fees on behalf of online gambling providers and for the most part, on behalf of iDebit, some financial institutions may charge fees for carrying out transactions between international bank accounts. It would be best to request information regarding your bank’s policies beforehand instead of parting with half of your cash-out amount because of excessive fees on behalf of your bank.
Processing Times with iDebit
iDebit is not only a simple, secure and cost-effective casino payment option but also offers time-efficiency, to boot. We mentioned earlier that the deposits at online casinos are normally processed within a split second – your play monies will be available in your balance and ready to use immediately so you can start winning right away.
Deposits with iDebit are processed instantaneously but the same cannot be said about cashing out your casino winnings. But do not worry, this is the standard in the vast majority of cases and has to do with the security policies online gambling operators are expected to adhere to. In fact, there are minor delays on behalf of both iDebit and the interactive casinos.
For starters, when you first send out a cash-out request via iDebit, your withdrawal will be sent for verification. The aim is to prevent any mistakes and ensure the money will end up with its rightful owner. Also, if this is your first withdrawal ever, you will have no other option but to go through identity verification, whereupon you will be requested to scan and send copies of your identification documents. This also is a standard in the industry and aims at preventing money laundering and other trickeries.
Once the casino has reviewed your iDebit cash-out request, the status of the withdrawal will change from pending to processing. The pending period for the majority of online casinos varies between 24 and 48 hours tops. It should be noted that gambling operators are also restricted by the processing times of the banking institutions – if there is any delay with the payment after the casino has cleared your withdrawal, it usually results from the bank itself.
That being said, iDebit is subjected to many players’ plaudits and is largely considered one of the most time-efficient methods to cash out your casino winnings. The time frames for withdrawing your money depend on the method you use to cash out your funds. Thus, the winnings will be in your bank account within a period of 5 days tops, but if you have used a check or a money order, you will have to wait for 1 to 2 work days only.
Mobile Payments with iDebit
We live in an era of remarkable technological advancements so it makes sense mobile compatibility is a desirable quality of all web-based services, online payment processors included. The good news is iDebit stays ahead of the curve as it runs a websites that is fully compatible with widely used portable devices, based on the popular mobile operating systems Android and iOS.
Players looking for downloading and installing a native mobile app may be disappointed since presently iDebit does not offer a downloadable mobile software. It should be noted this has its positive aspects since one will not waste memory space on their portable device. The lack of a native app is not a setback for those who wish to deposit on the go since the payment services company runs a website that is compatible with smartphones and tablets.
There is no need to download anything as you can simply open the iDebit website into your phone’s browser. The procedure of making a payment with iDebit while on the go resembles closely using the payment service on your desktop computer.
You simply need to access the lobby of the online casino you have registered with, visit the cashier section, and click on the iDebit logo. You will be redirected to a page prompting you to enter your email and iDebit password. Then you select your bank from the list, input your banking credentials, confirm the amount you wish to transfer to your casino balance, and are all set to go. The money will be added to your balance shortly after. Mobile iDebit withdrawals are carried out in precisely the same manner, the only difference being you will have to wait a little longer until you receive the money.
Security at iDebit Online Casinos
An interesting tendency can be observed in the past few years – customers are gradually transitioning from paying in cash on the spot to paying their bills and purchases over the Internet. Yet, there are still people who are reluctant to make this transition and view online payment services with great suspicion. Indeed, the number of cyber crimes is on the increase as of late but this does not mean one should completely scratch off online payments as an alternative.
It should be noted all major payment service companies are committed to their customers’ best interest and protection – iDebit is hardly an exception. A great emphasis is placed on implementing all precautions possible to prevent frauds and identity thefts. All information that concerns players’ payments to and from online casinos is transferred safely by encoding it with 128-bit encryptions. Even if fraudsters succeed in gaining access to the sensitive data (which is next to impossible), they will be unable to decipher the encryption so the information will practically be useless to them.
In addition, iDebit transactions are protected by risk assessment of the information players share. All payments carried out via iDebit are strictly monitored, reviewed and verified before going through. The personal or financial information players share with the payment company is never disclosed to merchants or other third parties. The banking details customers input to initiate their transactions remain secure between them and their trusted banking institutions.
As we explained earlier on, once players access their iDebit accounts with their email and password and select their bank, they are asked to enter their online banking information. This is precisely what turns some people off. However, one should not fret over the safety of their banking details because iDebit requires authentication to initiate the money transfer. In order for your casino payment to be processed, you need to fill in your full online banking credentials and provide a correct answer to a security question. This way, iDebit can verify you are indeed the person who holds the respective online banking account.
iDebit Casinos FAQ
The answer is yes, you can cash out your casino winnings with iDebit as long as you take the time to complete the short registration form at the website. It literally requires only a few minutes of your time and there is no need to go through time-consuming verification of your new account.
Signing up will allow you to make casino deposits directly from your iDebit balance instead of transferring the money from your online banking account. Holding an iDebit account also enables betting enthusiasts to better control their gambling spendings as they can keep track of all transactions to and from their iDebit accounts thanks to the Transaction History feature.
It is impossible to cancel deposits with iDebit once the transfers have been completed. The only option players have is to request a withdrawal of the sum they have initially deposited or contact their casino’s support agents to ask for advice and other more suitable alternatives.
The amounts players are allowed to deposit or withdraw with iDebit largely depend on which online casino they have joined. This applies both to the minimum and maximum limits. Some casinos have higher limits than others, so it would be a good idea to make inquiries on this matter before you sign up with a real-money account. In most cases, such information is readily available either in the casino’s Terms and Conditions or the Banking section where all the supported payment solutions are listed.
Round-the-clock customer support is a trait all big payment service companies share and iDebit is not an exception to this rule. The company offers an efficient, quick, and courteous support service that is available via the website’s convenient live chat feature. If players detect an unauthorized payment has been processed with their iDebit accounts, they should immediately get in touch either with the support team or with the security department of iDebit to request assistance in resolving the issue.
The support team of iDebit can also be reached via email or telephone. However, it would be smarter to first go through the comprehensive FAQ section of the website as it includes the answers to the majority of questions you can possibly have.
Of course, which casino payment method you choose is solely a matter of personal preference. However, more and more gambling enthusiasts decide in favor of using iDebit because this banking solution comes with a great number of merits. It is a preferable alternative to e-wallets due to its simplicity of use. More importantly, if one wishes to use iDebit for deposits only, there is even no need to sign up with an account – you can process the payment as a guest as long as your bank is among the institutions supported by the payment service company.
Also, iDebit is considered a convenient option for those who strive to avoid using their credit or debit cards for online gambling purposes. It is better than many other banking options because it involves rather low, fixed fees and the cash-outs are quite time-efficient.