Instadebit offers an avenue where users can transfer funds from the bank to merchant accounts directly in Canada. It has been in the market for quite some time, having been established back in 2003. It works in a similar manner to using a cheque for online payments. You just need to sign up an account with Instadebit and start using it immediately without the need for account approval or activation.
Signing up requires some personal details like the information of your financial institution or bank and a valid email address. You must enter the last four digits of SIN (Social Security Number) and birth date to confirm identity as well as to protect transactions. You will only need to spare a few minutes for registration which does not cost anything. The account is ready for use after the validation of funding source and a verification of your email address.