Betting with Instadebit
Instadebit is a secure online payment option which is similar in function to Paypal and Neteller. It started in Canada and is currently used in over 20 countries for a variety of online transactions such as shopping, bill payments as well as online betting and gaming. Unfortunately, with the rise in competition from other faster growing e-wallet services and the ban on online gambling in the United States, Instadebit has declined in popularity and usage. By comparison however, it is far cheaper to use than its competitors and provides just as much security.
To register with Instadebit is easy and fast. You sign up with your name and email address which the system then confirms. Following that you may add as many credit cards and bank accounts as you desire. You can start using the system to conduct business online immediately; but in order to remove the limits and increase how much funds you can transact within a particular time period, you will have to verify your bank account. Instadebit does this by making a small deposit into your bank account which you will have to confirm.
Despite its decrease in popularity, there are still quite a few betting sites who list Instadebit as one of its payment options. One of the main reasons is the confirmed security that it offers its users. Data is protected by 128-bit encryption technology. Using an e-wallet service as an intermediary means that you only enter your personal financial information in one location instead of having to input it at every site at which you make a transaction. It is less likely to be compromised. Instadebit also guarantees that your information is safe with them and will never be passed on to any third parties. All transactions are further assured privacy with the use of VeriSign and TRUSTe interfaces.
With Instadebit, as with other e-commerce systems, you can control your spending on online betting sites. This is so because you can only spend as much money as is available in your account at a given time.
Instadebit is one of the cheapest online payment platforms on the market now. All transactions with it are completely free. There is no fee for making deposits or withdrawals. They only charge the merchants and commercial clients. However, the main online bookmakers who use Instadebit still do not charge their registered users for making payments or withdrawing money. What's more, customers who make their first deposit using this method will qualify for bonuses and special promotions ranging in value from 20 GBP to 200 GBP.
Online Betting Sites That Accept Instadebit
1) Bet365.com
2) Betway.com
You can find a detailed list of Instadebit friendly online bookmakers in the following link: Online Betting Sites That Accept Instadebit