Gigadate is a payment portal and facilitator designed for the Canadian market. You can purchase products online from e-commerce websites, make and receive online payments for casinos or sportsbooks.
Gigadat allows users to receive their funds directly in their bank accounts through:
- Interac e-transfer withdrawals,
- Or eCashout withdrawals.
These digital money transfer services are available at most major Canadian banks.
| Average withdrawal time | |
| Interac e-Transfer | Once accepted, funds are usually deposited instantly |
| eCashout | Typically processed within 1 to 4 business days |
It acts as an intermediary between the merchant and your bank using existing payment networks. So the time it takes to process withdrawals for Gigadat depends on various factors, such as the merchant and your bank policy.
While these are standard processing times, some merchants will offer quicker turnarounds. A merchant processes and approves withdrawal requests based on its internal policies (e.g. verifying your ID, checking wagering requirements, etc.). Some online casinos, for example, manage to process Gigadat payments within 1-7 hours.
You should be aware that Gigadat can only process withdrawals Monday to Friday. Weekends or bank holidays are excluded.
Withdrawal fees and limits associated
Gigadat is not responsible for determining the fees and transaction limits. They are typically determined by your financial institutions and merchants.
Fee policy
Some online retailers and casinos may charge fees when processing withdrawals through Gigadat. To understand the costs related, it’s important to read the specific terms and conditions of the merchant and learn ahead about any fees.
Transferring money through Interac e-Transfer and eCashout may incur fees, charged by the banking institution you have. Some banks may waive the fees on certain account plans, or for a certain number of transactions each month.
Cash-out restrictions
You may be limited to the amount of money you can receive in a single transaction or in a day by your bank.
The payment processing companies have their limitations. You may be limited in the amount of money you can withdraw for a single transaction. Interac e-Transfers for example, have maximum limits which vary from one Canadian bank to another.
Here are some average numbers to help you understand these limits.
- The maximum amount for a single transaction ranges between $1,000 and $3,000;
The daily limit is usually between $1,000 and $3,000;
Weekly limits can range from $5,000 to $10,000;
The monthly limits range from $20,000 to $30,000.
These withdrawal frames can be affected by a number of factors, such as.
- Your specific bank or credit union;
- Personal or a business account type;
- Your bank history;
- Security considerations.
Some Canadian banks offer higher limits to customers with premium accounts or business accounts. Many of them allow you to increase the limit for certain transactions temporarily.
How to withdraw via Gigadat
Gigadat makes sure users have access to their funds via Interac e-Transfer and eCashout. Here are the key details of how to withdraw funds using each method.
Withdrawing through Interac eTransfer
One of the fastest ways to withdraw money from Gigadat. Once your request has been approved, you will be sent an email or SMS with the security question required to complete the transfer.
To get your withdrawal do the following:
- Log in to your account at the merchant’s website;
- Click on the “Withdrawal” tab and choose Interac eTransfer;
- Enter the amount to be withdrawn (up to the limits set by the merchant);
- Provide the required details, such as your email or phone number;
- Submit the withdrawal request and wait for processing;
- Check your email or SMS for an Interac e-Transfer notification;
- Follow the instructions for receiving a transfer. Answer the security question if required (some merchants ask you to do this to receive the funds). The funds will be automatically deposited in your account.
Withdrawing using eCashout
This method allows for large withdrawals and does not require manual approval as with Interac e-Transfer.
You can withdraw your funds by following these steps:
- Log into your merchant account and click on the Withdrawal tab;
- Choose eCashout to withdraw your money;
- Enter the amount of money you wish to withdraw (up to the limits set by the merchant);
- Provide your bank account details, such as your account number and transaction number;
- Submit a withdrawal request;
- After processing, funds will be transferred straight to your bank account.
Unlike Interac e-Transfers, eCashout doesn’t require a manually approved transfer and deposits your funds directly to your account.
Possible issues with transfers
Gigadat offers a safe and secure platform. However, users may still experience issues. Some of the most common concerns include delayed withdrawals, or possible scams:
- Casinomeister forum members complained of delays in receiving their funds. Several users have reported missing withdrawals after multiple successful transactions.
- Reddit’s users have discussed the case of receiving unsolicited transfers from “Gigedat”. This raises concerns about phishing. A user received an e-Transfer of $500 from “Gigedat”, and questioned its legitimacy. It’s important to be cautious! Since Gigadat cooperates with online gaming websites, scammers like Gigedat will likely try to deceive users.
- Customers have found it difficult to receive timely support for transactional issues. One case described a user who complained of being scammed for $2,000, but was unable to receive a reply after contacting Gigadat.
To avoid problems and negative experiences, be cautious about unsolicited transfers of funds when they come from sources with misspelled names. Verify the legitimacy of any transfer before accepting it. Contact the Gigadat’s or merchant’s support team in case of delays or issues.
FAQ
How do I withdraw money using Gigadat?
To withdraw funds using Gigadat you need to go to withdrawal section on the merchant’s site (such as online betting or casino) and select either Interac e-Transfer or eCashout. Interac e-Transfer may send you an email, or SMS with a secure link and a possible security question. eCashout deposits the money straight into your bank account once you have provided your banking details.
How long does a Gigadat withdrawal take?
Interac eTransfers are typically delivered within minutes following merchant approval. However, in some cases it may take up to a day. eCashout withdrawals typically take 1 to 4 working days. Some online platforms will process withdrawals faster, especially if you have already verified your account.
Are there any withdrawal fees associated with Gigadat?
Gigadat charges no fees, but your bank or the merchant may. Some merchants take a percentage of the withdrawal amount, and some banks charge a fee if receiving direct deposits or Interac e-Transfers. You may check these details with both your bank and merchant.
Is it safe to accept an e-Transfer from Gigadat?
If the email or text message is from Gigadat, then yes. Some users reported that they were scammed by sending money from an incorrectly spelled sender, like “Gigedat”. If the sender looks suspicious or if you are receiving money that you did not expect, don’t click on links. Verify the transaction with the merchant.
Can I contact Gigadat directly if something goes wrong?
Gigadat doesn’t usually deal directly with the end user. Your first point of call should be the merchant from whom you made your withdrawal if there is a problem. The merchant is responsible for initiating payment and providing support. Gigadat is a facilitator who works in the background.
Source
- Gigadat website – “Pay-Outs”;
- Rebilly website – “Gigadat”.