iDebit Sportsbooks and Review

About IDebit / IDebit Payments

IDebit started processing online transactions a little more than two years ago. Since then they have become one of the most popular ways for Canadians to fund their online sportsbook accounts. They are a rapidly growing company that started offering services to Canadians but has since expanded to many other countries.

What is IDebit?

IDebit is a unique Canadian payment solution that instantly allows customers to pay for online goods and services using a Canadian chequing or savings account. There are similar services that work like IDebit, such as Instadebit or electronic cheque, but the main difference is that IDebit instantly provides funds, whereas other services take between 24-48 hours.

How Does IDebit Work?

IDebit is essentially an online wallet and payment processor just like PayPal. You can actually deposit to your sportsbook account using IDebit as a guest, or you can sign up your IDebit account ahead of time and fund it directly.

Once you sign up you will be asked to make a deposit and taken to a screen where you enter your online banking credentials. Then you will be able to select the account you would like to make the deposit from (chequing or savings) and instantly those funds will be added to your IDebit balance. You can then transfer funds to your sportsbook balance. IDebit is a great payment solution for those Canadians who may have online gaming blocks on their Visa or MasterCard.

Is IDebit Safe?

The best part about IDebit is that they do not share any information with third party merchants. All information is encrypted and anonymous. IDebit has maintained a strong reputation with very few complaints. It’s even highly recommended on sites such as reddit and other forums. Deposits and withdrawals from IDebit will be shown on your bank statement as Pay Direct Biling Solutions.

What Sportsbooks Accept IDebit?

Currently, there are only two online sportsbooks that accept IDebit deposits. Fortunately, they happen to be two of the largest and most reputable sportsbooks we recommend for Canadians.

It is expected and we have known that more sportsbooks will be adding the IDebit deposit method within the next 3-6 months.

Canadian Banks that Work with IDebit

The following Canadian banks and credit unions are supported by IDebit.

• CIBC
• Bank of Montreal
• RBC
• Dejardins
• National Bank
• President’s Choice Financial (PC Financial)
• ScotiaBank
• TD Bank

IDebit Fees

It is free to set up an IDebit account and cheap to use. Their flat fee structure is advantageous for big or small sports betting deposits. Transfers from your IDebit balance to make purchases or deposits are always free. You only pay when you make direct deposits to or from your personal bank account.

• Payment from Bank to IDebit balance ($1.50) Flat Fee
• IDebit Balance to Sportsbook (Free)
• Sportsbook Balance to IDebit (Free)
• Payment from IDebit to Bank ($2.00)

How do I Open and Fund and IDebit Account?

Opening an IDebit account is very quick and easy. Simply visit www.idebitpayments.com and click on sign up, and follow the easy to understand instructions.