InstaDebit is currently the easyiest and fastest way for a Canadian to make a deposit to an Online poker website. Although some other payment processors can have you up and playing for real money on an online poker website fairly quickly, none do it as quickly as InstaDebit.
InstaDebit is a Canadian based online payment processor – unlike many other European and international ‘eWallets’ that process transactions to online poker and gambling websites, InstaDebit knows the Canadian banking system, and is better integrated with Canadian banks. This means it is easier, quicker, and possibly even safer since you aren’t dealing with a company from some foreign company.
Signing up with InstaDebit literally takes about 5 minutes, and it’s all done online. You will, however, need to have some of your banking and personal information on hand.
Information you’ll need to sign up for InstaDebit:
- Your Canadian bank’s institution number
- Your bank transit number and account number
- Only the last 4 digits of your Social Insurance number (for indentification purposes)
I was a little skeptical at first about giving out any of my SIN information. At first I tried a fake one, just to see if it actually checked it against anything – the form came back saying ‘unable to verify your Identity’. So I went ahead and filled in the proper last 4 digits, which really I had no problem doing in the first place, but I try not to give out information like this wherever possible. This time it validated me happily and registered the account no problems! After dealing with some of the other international processors, it was actually kind of nice to know that this processor verifies something unique to Canadians, since so many others just seem to neglect the fact that your Canadian, and leave out so many necessary details.
Once the sign-up process is complete, they will send you the typical verification email which you must go click. You should now be able to get into your account, if you weren’t forwarded there automatically. You will see a notice at the top of your account details stating that they have made a random deposit into your bank account under $2. Chances are this number won’t show up in your recent transactions for a day or two.
Now here’s where InstaDebit soars over all other online poker payment processors that are currently available to Canadians:
Although you are required to verify your bank account within 7 days, InstaDebit allows Canadian account holders a $750 spending limit until your bank account is verified. That means that you don’t have to wait another second to go play poker online.
Now heres the biggest downfall to InstaDebit in regards to online poker: for whatever reason, they aren’t very widely accepted among online poker sites. Here are all the online poker sites I could find that accept InstaDebit from Canadian customers.
Advantages to InstaDebit: Super-fast, easy, no credit card required, should work for just about any Canadian with a checking account from a Canadian Bank
Disadvantages of InstaDebit: Like I said before – not very widely accepted yet, though that seems to be changing quickly
If you are wanting to Play Online Poker now, this is the quickest way for Canadians to deposit. Sign up for an InstaDebit account at InstaDebit.com