What is Internet Credit and how does it work?

IASbet.com offers eligible members the ability to have a credit facility applied to their account allowing them to place bets without funds up to their approved credit limit. At the end of the week all credit accounts will settle and credit customers will have 7 days to repay any overdue balance. No more waiting for your deposits to clear so you can have a bet!

How does it work?

Put simply, your credit facility will allow you to put your account into a negative balance up to your approved credit limit. This means that if you have a credit limit of $200 you’ll be able to bet until your account shows -$200.00 as your balance.

At the end of the week your account will automatically settle (every Sunday at Midnight). What settling means is that IASbet.com will look at your account and if your balance is negative (below Zero) then we’ll let you know by how much and you then have 7 days to pay it back. If your account is in a positive balance (above Zero) then that money is yours to keep and we’ll send it to your nominated bank account on Monday which should reach you Tuesday morning.

Its that simple.

If your thinking of applying for one of IASbet.com’s credit facilities there are a few things you will need to know.

Members are eligible to apply for one of five credit limits: $200, $500, $1,000, $3,000, $5,000.

New applications will be processed within 72 hours of your application being submitted to IASbet.com. However, please ensure you have previously verified your ID before applying for Internet Credit as your Internet Credit Facility will be delayed until ID requirements have been met.

You must refer to the Internet Credit Terms and Conditions for full details on everything to do with Internet Credit with us.

Please ensure you supply a valid email address as all communication from IASbet.com will be sent to the nominated email address.

IASbet.com’s Credit Facility is only available to Australian residents.

Finally, to apply for an Internet Credit Facility please click here.

Applying for credit should take less then 5 minutes.