Instadebit Case Summary

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Introduction
Instadebit is a well established Canadian-based payment processing company that facilitates customers having the ability to make payments for goods and services over the Internet. The company's headquarters are located in Toronto. At this point in time, the company's payment services are intended for use by customers living in Canada, though this payment option has started popping up on iGaming sites in countries like Australia. As an online gaming payment option, it should be attractive to online gamblers, who are always looking for a fast and efficient way to send money without a credit card or disclosing personal information to their online casino. It's up to the gambler to verify with their online gaming site as to whether …show more content…

If an online gaming site or online merchant is willing to accept this particular banking option, they will list it under the site's banking options and usually provide an icon in order to promote a fast connection. It's also possible for customers to initiate a payment directly from their Instadebit account to the merchants account if they have the proper banking information. If the customer's account has been pre-funded, the payment will process immediately. If the account has not been pre-funded, Instadebit's system will seek the funds from the customer's bank account and release the pending payment automatically as soon as those funds have been received.

Security
Online gamblers will be happy to know they get three levels of security when using the Instadebit payment option. First, they need not worry about about outsiders getting their banking information from the online casino site because its not required to be given or kept on file. Second, most online casinos employ a minimum security requirement of 128 bit SSL encryption coding to protect its site and customer's information. Finally, Instadebit also uses banking level encryption technology to keep its site safe from outsiders,

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