Instadebit is a payment processor that can be used to transfer funds directly from your bank account to any bingo websites that accepts Instadebit as a deposit method. The service is easy to set up and most transfers are processed instantly. If you’re not ready to share your financial information with gaming sites, Instadebit is worth a look.
It’s free to open an account and once you’re done, you can use it to send money to bingo sites and receive payouts. Instadebit does not charge fees for deposits or payouts, but there is a flat fee for withdrawing money from Instadebit to your bank account. All in all, this is a useful payment option for anyone with a bank account.
Bingo Sites that Accept Instadebit
Only two major bingo brands accept Instadebit as a payment option. There are others out there, but I trust the two listed below the most. These are both solid bingo websites with a history of paying winners.
Countries Where It is Accepted
Instadebit is available in 32 countries. There are two methods available for loading your account. One is the instant “real time deposit” while the other is the slower “local bank transfer.”
Real Time Deposit
Real time deposits are processed instantly from the following countries. Instadebit is able to move these funds instantly from your bank account to your Instadebit account. From there, you can move money instantly to your online bingo account.
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Local Bank Transfer
A local bank transfer is completed by either visiting your bank in person or logging in online to your bank’s website. If you choose this funding method, Instadebit will provide you with a unique one-time reference number. Enter this number in the “instructions” area and choose an amount.
Local bank transfers can take up to 5 business days to complete. This may not be the fastest deposit option in the world, but it gets the job done if you’re not entirely sold on providing your bingo site with your credit card information.
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How It Works
Instadebit is a sort of e-wallet designed specifically for online banking transfers. An account allows you to make deposits and receive payouts via direct bank-to-bank transfers. Credit cards and other funding methods are not supported; this service is reserved for bank transfers only.
You can create an account for free at Instadebit.com. You can use it right away to make deposits, but you’ll need to verify your account to receive payouts and withdraw money to your bank. You can verify your account by typing in your banking information and waiting a few days for Instadebit to make a small deposit to your account.
Call or log in to your banking website and look for the deposit from Instadebit. Note the exact transaction amount and then log in to your Instadebit account. Inside there is a place to type in the exact amount of the deposit to prove you do indeed own the bank account.
Once you have your bank account verified, you can use Instadebit to deposit, receive payouts and transfer money to your bank. You will never again need to enter your banking information when making deposits or withdrawals. All you need is your username and password.
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