iDebit is a bank account online debit payment solution that is becoming widely used
in Europe, Canada and Australia. The UK is slowly adopting it in terms of the merchants
that accept it and the banks that support it. Currently, of the top betting sites,
Pinnacle accepts it. In terms of banks, iDebit works with personal bank accounts
(not business accounts) from Barclay’s and HSBC.
iDebit is a great service because it allows you to move money as quickly and securely
as most e-wallets, but for extremely low flat fees rather than potential percentage
rates. So for example with Pinnacle, if you wanted to deposit the maximum allowable
1,500 GBP, iDebit would only charge you 1 GBP. Yes, one quid. It would be free
to withdraw from Pinnacle back to your iDebit balance. Then to withdraw any amount
from your iDebit balance to your bank account would be a fee of 2 GBP.
If Pinnacle is going to be your sportsbook of choice, you bank with either of those
above and you intend to use your bank account as the funding source, iDebit is a
great option. Their site is found at idebitpayments.com, so you can read more or
see if any new banks have been added since this has been published. iDebit is popular
for Canada, but Interac betting sites are perhaps the most popular in terms of a
friendly payment method as Interac e-transfers are more widely used.
