The InstaDebit service provides players with an easy funding option by allowing them to use their checking account rather than a credit card. As a result, your personal information and credit card information will never be requested when using Instadebit.
- Signing Up. The sign up process is very simple. After entering your personal information (and confirming it), you just need to verify your bank account after they send you micro-deposits.
- Speed. Depositing is quick but withdrawals may take up to a week though.
- Mulitple Currencies - Instadebit only supports the Canadian dollar and the U.S. dollar (as it is used by Canadian residents). This probably won't be changing anytime soon.
- Security - InstaDebit facilitates the online funding with merchants without having to expose banking or credit card information. They implement 128-bit encryption and are certified by VeriSign. They constantly monitor their servers and protect their customers by investigating fraud complaints against merchants.
InstaDebit is not available to online poker players located in the United States. Their website even blocks US-based traffic based on IP address. For non-US users, InstaDebit has become a semi-popular option. Since they don't take US customers, there is no reason to think there that InstaDebit will have any regulatory trouble with the US authorities.
March 5, 2013