iDebit Casinos NZ
MasterCard and VISA have long been the gold standard for dependable, high-quality payment processors in New Zealand and across the globe. The old guard of financial technology has slowly been outclassed in recent years by upstart enterprises bringing fresh innovation to the generally static industry. With companies like Skrill, Neteller, PayPal, and Instadebit in contention now, online casino players in New Zealand have more options than ever. And iDebit is another newbie looking to throw their hat into the ring.
What is iDebit?
iDebit is a relatively new payment processing company that offers New Zealand casino players a new alternative payment option for their transactions. The startup resembles Instadebit in more ways than one since both are bank-based payment processors.
How to Use iDebit
As a bank-based payment processor, iDebit basically acts as a middleman between your bank and the online casino, enabling the transaction to be executed faster and with fewer hitches.
For some NZ casino players, one of the biggest advantages of iDebit is that it has a very simple setup process—in fact, users don’t even need to establish an account since they may use a placeholder guest account instead.
To send money through iDebit, the user must first create an account with the site and designate which online casino account the funds will be sent to. After that, all the user needs to do is deposit the necessary amount into iDebit through their bank, which can be done both online and offline.
You may also use iDebit to deposit your profits from an online casino.
If you haven’t already done so, open an iDebit account, choose the ‘withdraw money’ option, and then identify the origin and destination of your financial transfer. Your freshly obtained funds will be delivered to iDebit right away, but it may take up to five business days for the transaction to be finalized.
iDebit’s safety and security are comparable to those of any other online payment option, with 128-bit encryption ensuring the safety and security of all transactions.
Furthermore, your bank account information is never kept or shared with merchants, ensuring the security of your personal data. iDebit claims that its servers are kept in a “state of the art data center” with biometric scanners and security officers on duty 24 hours a day, seven days a week.
iDebit advertises that they have “no hidden costs,” yet they don’t specify what those fees are. After a bit of digging, we found that they charge $1.50 for every transaction and $2 per withdrawal. Transfers from one seller to another seem to be absolutely free.
Coverage and Supported Casinos
Due to the fact that iDebit is a younger payment company, it does not have a large number of linked banks. As far as we know, iDebit only has partnerships with 10 banks around the world, which means most players from New Zealand won’t be able to make use of iDebit’s services. Thankfully, this seems to be changing, as iDebit plans to extend its services to reach a wider audience.
Should I Choose iDebit as a Payment Processor?
iDebit, like other bank-based payment processors, does not need personal information to transact. However, as previously said, its primary flaw is its lack of coverage. The number of casinos that accept iDebit deposits is far less than the number of casinos that accept Interac or Instadebit deposits.
To summarize, the following are some of the advantages and disadvantages of utilizing iDebit for your online casino transactions:
- Deposit transactions are processed instantly.
- Registering for an account is easy and simple.
- Transactions are safe and secure.
- Only a limited number of banks are partnered.
- Withdrawals take a few days to process.
- iDebit has transaction fees for deposits and withdrawals.
Because of its simplicity and convenience of usage, iDebit is a feasible alternative for casino players in New Zealand. Players who like to finance their accounts using their mobile devices will enjoy how simple it is to do so. Those who choose to remain anonymous are not required to provide any personal information.
Unfortunately, with such minimal penetration, neither financial institutions nor iGaming operators are contributing to the service’s long-term viability. Only time will tell whether iDebit’s status improves in the future.