So say you deposit $100.00 through instadebit to PS. So anything less than $100.00 you cannot withdraw and anything greater you can.
Also even if you cash out, the bank can decline you and PS will implement restrictions on your instadebit acc.
Looks like a dilemma here vorpalf2f 
Hmmm, That's why we need to be sure.
I read it as follows:
If you deposit using InstaDebit, the funds are available in PokerStars immediately, even if the money has not been taken out of your account yet.
There was a line somewhere that the transaction works like a cheque.
In other words, if the bank does not honour the InstaDebit payment, then PokerStars freezes that portion of your PokerStars account until the problem is resolved. That seems reasonable.
The part I quoted refers to players using InstaDebit to deposit money on PokerStars. I cannot envision a scenario where a bank would deny PokerStars the ability to transfer money to the players InstaDebit account.
The "must deposit at least once in six months" thing seems reasonable too -- that way, they use the deposit to verify the account.
The one thing that I have NOT seen in any of this is a discussion of fees.
What does InstaDebit charge to return cash to a customer?
With Skrill it was (I think) 3% on withdrawals, which is why I'm going to empty my Skrill account into Poker Rooms -- it is free to do so.
I'm sure that this will all work out as long as we the players do our "due diligence" and make sure of what we're getting into.
Regards,
--VS
Originally posted by VorpalF2F
The one thing that I have NOT seen in any of this is a discussion of fees.
What does InstaDebit charge to return cash to a customer?With Skrill it was (I think) 3% on withdrawals, which is why I'm going to empty my Skrill account into Poker Rooms -- it is free to do so.
From InstaDebits FAQ:
What are the fees for using INSTADEBIT?
There is no charge to create an INSTADEBIT account, and a $1.00 CAD charge to make a payment to a merchant from your bank account. There is no charge to make payments from your INSTADEBIT Balance Account, however.
If a merchant issues you a refund, there is NO charge to transfer these funds to your INSTADEBIT Balance Account. There is a $2.00 CAD charge to withdraw funds from your Balance Account to your bank account.
So basically it looks like they only charge between your INSTADEBIT account and your Bank Account - $1 to load up, and $2 to unload back to your bank account.
In the grand scheme of things - very reasonable.
Thanks for that, Ramble.
I have now heard back from William Hill.
Not much different from PokerStars, actually.
The essentials:
♦ Before using a payment method to cash out, you must make at least 1 deposit using that method.
♦ All deposits can be withdrawn at any time
♦ There are no restrictions even if your InstaDebit account is linked to a Canadian Bank.
I believe that cashouts are restricted if there is a bonus involved. -- in other words, you need to generate a specified amount of rake before cashing out.
I had intended on keeping only those two rooms, however I just got an email that another room is giving me a reload bonus, and I may take them up on it.
That is, if they take Skrill deposits and accept InstaDebit.
I haven't played there in ages -- the pi$$ed me off earlier this year.
So it looks like we Canadians won't be left out in the cold.
All the best,
--VS
I have a question for Pokerstrategy, as a Canadian with a Skrill account, will we still be able to withdraw money from Pokerstrategy to Skrill, or will that not be allowed?
Originally posted by Ibonic
I have a question for Pokerstrategy, as a Canadian with a Skrill account, will we still be able to withdraw money from Pokerstrategy to Skrill, or will that not be allowed?
Excellent question.
Can you please create a ticket with customer service to ask this question?
Even if there answer is "yes" however, a lot depends on Skrill's definitions.
It would be wise to ask them to clarify their policy in this regard.
Regards,
--VS
Originally posted by Ibonic
I have a question for Pokerstrategy, as a Canadian with a Skrill account, will we still be able to withdraw money from Pokerstrategy to Skrill, or will that not be allowed?
If a customer has a payout due from a gaming merchant, what will happen with their money?
- Although gambling customers will not be able to pay into a gambling merchant from 2 January, they will be able to withdraw funds from gaming merchants until 31 January. This grace period has been put in place to enable customers to make any withdrawals.
-> http://www.vip-cashback.net/skrill-canada-stopping-gambling-payments/
Thanks for that PlauZee,
I have taken the plunge, and removed all my $$$ from Skrill to poker rooms.
I've created an InstaDebit account, and I'm in the process of verifying my bank account.
The process was simple and straightforward.
I anticipate an ID check when it comes time to withdraw, so I will probably make a token withdrawal early in the new year to get that out of the way.
Best of luck to all..
BTW, I have seen two dates with regard to making deposits to poker rooms from Skrill. The earliest was Dec 31, so to avoid disappointment, get your money out early.
Best reagards,
--VS
Originally posted by VorpalF2F
I've created an InstaDebit account, and I'm in the process of verifying my bank account.
Just curious how long did it take from the time you created the InstaDebit account until they deposited the verification amount in your bank account?
Also, I went to transfer out my remaining Skrill balance but it is 40 cents shy of the minimum required to deposit to a pokersite... and if I request a withdrawal payment they take more than half of the balance in fees... I don't want to deposit another cent with them so I am just going to sit on it until I find a non-gambling opportunity to use it...
Originally posted by Ramble
Just curious how long did it take from the time you created the InstaDebit account until they deposited the verification amount in your bank account?.
About 2 days
Also, I went to transfer out my remaining Skrill balance but it is 40 cents shy of the minimum required to deposit to a pokersite... and if I request a withdrawal payment they take more than half of the balance in fees... I don't want to deposit another cent with them so I am just going to sit on it until I find a non-gambling opportunity to use it...
It might be worth the effort to check with them to see if there is a procedure that must be followed to change your "gaming funds" to non-gaming purposes.
Best of luck,
--VS
Originally posted by VorpalF2F
Originally posted by Ramble
Just curious how long did it take from the time you created the InstaDebit account until they deposited the verification amount in your bank account?.
About 2 days
They are quick - took about 8 hours - good experience so far.
Well, tbh, I didn't check the first day 
But I agree with the experience so far.
Simple, straightforward, and speedy support.
--VS
Originally posted by VorpalF2F
It might be worth the effort to check with them to see if there is a procedure that must be followed to change your "gaming funds" to non-gaming purposes.
Best of luck,
--VS
there's no need for such a procedure, money in the balance are blocked before transfer, when they came across a gaming merchant
OK, but when I uploaded the funds I had to specify at that time whether it was for gaming purposes or not.
That gave me the impression that they somehow had two funds.
--VS
