During the past few years, we have witnessed technologies rapid development and improvement. They have become an indispensable part of our daily routine due to the fact that they have enhanced our lives in various ways. The advance in technologies has also affected the gambling industry. This led to the emergence of a wide array of online casinos that now attract millions of gamblers all over the globe.
Online gambling has become a well-liked pastime for an impressive number of people as it provides players with the needed flexibility. Some online casino operators have even decided to go an extra mile by offering mobile apps that are compatible with some of the most widespread operating systems. Still, casino fans seem to look not only for a convenient way to place their bets, for advantageous bonuses and promotional offerings but for various safe payment methods as well.
As it turns out, this is of major importance for gamblers. That is why most of the established and reputable casino operators strive to offer plenty of payment solutions that will suit every player’s taste and will satisfy their demands. They can choose between credit and debit cards, numerous e-wallets, prepaid vouchers, and so on.
eCheck is among the payment methods that can be found in a diversity of online casinos. They function just like paper checks do, and have precisely the same use. In essence, the main difference between the paper checks and the eCheck is that the latter have an electronic form. Gamblers who prefer this payment method will be happy to find out that now there are numerous eChecks at their disposal.
More about eChecks
In fact, eChecks are one of the easiest and the most convenient ways to make a deposit in an online casino. It is an electronic payment method and it is funded directly from the customer’s bank account. They function exactly the same way as the ubiquitous bank checks. The only difference, however, is that you do not need to mail the check to the other person and wait until it is cashed.
Here, everything happens over the Internet which means that your security is guaranteed and transactions are conducted in an extremely convenient manner. Similar to paper checks, eChecks draw money from your personal bank account. Each of the transactions can be identified by its unique and traceable code that makes frauds less possible to occur.
If you are familiar with the procedure for using a paper check, you will not have any troubles in using eChecks as well. If you want to take advantage of this option, you need to have a valid checking account. Still, if you do not have such, you need to open an account in a bank that supports this particular payment solution. You will be required to provide your name, address, bank account number, and so on. When it comes to creating an eCheck, you will need to give almost all the information you normally input in the traditional paper checks.
Usually, players are enabled to send eChecks from any modern checking account if their bank allows them to do so online. They are extremely popular among user as they eliminate the expensive transaction processing. Electronic checks are designed in order to satisfy the demands of businesses and customers who prefer using state-of-the-art technologies when it comes to payment solutions. What is more, they can also improve the existing banking accounts as they add extra e-commerce features to them.
How Does an eCheck Work?
An eCheck is a well-liked payment option that combines security, efficiency, and speed of an electronic transaction with the well-developed and familiar procedures associated with paper checks. In fact, they are not a new technology since they were on the market for more than two decades. Now, eChecks are among some of the most utilized payment solutions one can think of.
Virtually, there are numerous online casinos that accept eChecks along with other widespread payment methods due to the fact that they provide players with the wanted convenience and flexibility. As it turns out, they enjoy such a popularity due to the fact that they remain one of the cheapest and the most secure ways to make a payment directly from your bank account.
If we put aside fancy terminology, eChecks are just a type of online payment that functions very simply. Here, money is withdrawn electronically from the user’s bank account and then it is transferred to the online casino. To put it in another way, the eCheck is “written” using one of the various types of electronic devices. Once the check is written, it is electronically “given” to the payee. The payee, on the other hand, deposits the electronic check and receives credit.
Let’s put it like this – there are four major steps behind using an eCheck. In the first place, the payee needs to authorize the transaction. Usually, this happens via an online payment form, over the phone, or via a signed order form. Once the authorization is given, the information about the transaction is then submitted to the payment processing service. In most cases, these matters are handled by a payment gateway which is an e-commerce service provider that authorizes payment processing.
The payment gateway facilitates the transaction of information. Then, the transaction information is submitted over the ACH network and the payment is automatically withdrawn from the payer’s bank account. The payment is usually deposited between 3 to 5 business days after the transaction was initiated. In fact, the clearing time may be between 24 and 48 hours but the payment process is longer due to the security measures. Still, this time frame may be considered a drawback by some casino fans who are impatient and want to start gambling right away.
As a matter of fact, eChecks share some quite important new features. They provide gamblers with the chance to conduct transactions over the Internet without bothering about security issues as the chances for frauds are substantially reduced. They also feature unlimited but strictly controlled information transferring capability. Undoubtedly, one of eCheck’s biggest advantages is that they are quite cheaper while compared with other online payment methods. Not to mention the fact that electronic checks can be used by all account holders who consider that other payment solutions are not appropriate or are too risky as electronic checks are among some of the most secure payment options available out there. What is more, they can be initiated from a large number of hardware platforms as well as from software applications that once again speaks of the fact that they are extremely easy and convenient to use.
Still, before using eChecks in online casinos, it would be better if gamblers acquaint themselves with the laws in their country of residence. This is of major importance as you may eventually end up with a funded casino account you are unable to use. That is why we can advise you not to skip this and to check the legislation beforehand in order to find out whether online gambling is legal or illegal in the country you live in.
Casino Deposits via eChecks
Electronic checks are extremely popular as gamblers do not need to reveal their personal or banking information while making a transaction which then again explains why they are a well-liked option for funding online casino accounts. As it was already mentioned, before using eChecks gamblers need to go through a short registration. During that process, the customer’s bank account is linked to the eCheck account. Once you have completed all the steps, you will be able to transfer the funds you want to the online casino operator you have chosen.
The first thing players need to do is to create an account in the online casino. They should bear in mind that they need to include correct information only. This is of major importance as otherwise the account will not be verified. After you have successfully created an account, you simply need to go to the “cashier” page and select “eCheck” as a payment method. Then, you will need to enter the amount you would like to deposit. Gamblers need also to check the restrictions that are applied in relation to the maximum and minimum deposits they can make.
Players who are not familiar with eChecks should not worry about using them as they are based exactly on the same principles as paper checks. This means that using an electronic check is as easy as filling a ubiquitous paper check. Most of the people have used paper checks at least once and are more than familiar with the process.
Once you have the money in the electronic check, you are ready to make a deposit. After you have chosen an online casino that best suits your demands and you have visited the “cashier” page, you will then need to provide the required information. Occasionally, gamblers are asked to give the same information as with regular paper checks, such as name, account number, routing number, bank name, and so on. When you are ready, a digital check will be sent to the online casino and that is it. If you have done it before, you have probably noticed that it is extremely simple. Deposits via eChecks are processed instantly and you can start playing the games you like right away.
Casino Withdrawals via eChecks
When withdrawals are concerned, gamblers need to bear in mind that not all online casino operators offer the opportunity to cash out your winnings via eChecks. If you have decided to withdraw your winnings it would be better to check whether eChecks are among the supported payment options. Gamblers can also contact the casino’s customer support and the agents will tell you more about the options you have. Still, if the casino operator does not support withdrawals via eChecks, casino lovers will need to resort to using some of the other methods the casino offers.
Some gamblers consider that withdrawing your winnings from a casino is more important than making a deposit. Occasionally, withdrawals may take up several business days. As it turns out, sometimes players face certain difficulties while trying to cash out their winnings. Still, if you have decided to use electronic checks you can be sure that you will not have any problems. Withdrawals are usually processed relatively fast and there is almost nothing that can go wrong.
Before cashing out your winnings, you will be forced to complete the identity verification process. This may take some time as most of the reputable online casinos are quite stringent on security and integrity. That is why casino operators want to make sure that gamblers will not have any problems and will enjoy a trouble-free gaming experience.
Gamblers need to bear in mind that every casino has its own rules when it comes to payouts. These include both the amount which a player can withdraw as well as the time that needs to elapse before the next withdrawal. As far as eChecks are concerned, they generally have higher limits while compared with other withdrawal methods. Additionally, withdrawals via electronic checks are processed quite fast as they may take up between 3 to 5 business days which is quicker than some of the other widespread payment methods. In other words, eChecks provide gamblers with some of the fastest transactions out there even though the verification process may slightly extend the time frame.
Fees and Limits
As online casinos are gaining more and more popularity among casino fans, the need for reliable payment methods has also grown. This explains why online payment solutions have evolved significantly over the past few years. Nowadays, casino operators offer various deposit and withdrawal methods so that players will have the chance to find the one that best suits their demands. Things have changed to such an extent that putting money into and taking money from a gambling website is inexpensive, secure, and last but not least, fast.
One of the best things about online gambling is that usually, casinos can give a set of bonuses depending on the amount of money you have deposited and the payment method you have chosen. Additionally, there are numerous online gambling destinations that offer an impressive number of payment solutions to choose from. This, on the other hand, means that players have very good chances of finding the payment solution they prefer in the casino they have chosen. In fact, recently players can find a gambling website that offers the particular type of payment they prefer quite easily.
As it was already mentioned, eChecks are considered one of the most convenient payment methods as they are extremely simple, easy to use, and provide quick funds transfer. The fact that the processing costs are dramatically reduced when using eCheck services, is also worth mentioning. Basically, the fees associated with all kinds of checks are considerably smaller in comparison with the fees that are charged when using other payment solutions. That is why, not only eChecks but checks as a whole, enjoy such a great popularity among users. The average cost of one such transaction is anywhere between $0.30 and $1.50. Gamblers need also to bear in mind that usually, casino operators limit the first transaction via eChecks to an average of $100. Still, if the player has managed to keep a history of good standing, the limit will dramatically increase. It should be noted that these limits may vary greatly from one casino operator to another, hence players need to check that beforehand.
It should be also noted that eChecks are accepted by some of the most reputable casino operators. Yet, not all customers are granted access to them. Their availability depends entirely on the laws and the regulation related to online casinos in the particular country. A large number of the casinos have adopted this particular payment method along with other widespread payment solutions as they are extremely convenient, fast, and inexpensive and enjoy great popularity among casino fans.
Security is definitely of major importance for casino lovers as they are required to provide some personal and banking information while placing their bets in an online casino. That is why safety is definitely among the features good online casinos need to share as players tend to look for them.
Recently, online casinos have become a popular pastime for people from various countries. This can be easily explained as they provide gamblers with the needed flexibility as soon as players can enjoy their favourite casino games without going all the way to a brick-and-mortar casino. Still, there are people that are anxious about placing their bets in online casinos since they do not fully understand how do they work and are not familiar with the way deposits and withdrawals are made. If you are a casino fan who wants to enjoy a real-money gaming and you have chosen eChecks as a payment solution but you are still not sure whether they will provide you with the desired level of security, you can just keep on reading below in order to make your own conclusions about it.
If you wonder whether eChecks are safe or not, we can tell you that they are as safe as houses. Even though they have a deceptively fancy name, eChecks are based exactly on the same principles as the traditional paper checks. In essence, they are now among some of the most widespread payment methods as electronic checks provide gamblers with the chance to make payments in a secure way.
As previously noted, payments are made directly from the customer to the casino which means that no third parties are given access to gamblers’ personal and banking information. Coupled with the fact that most of the established casino operators use SSL encryption technology in order to guarantee that all the information exchanged between the player and the casino is protected against an intervention of wrongdoers. In addition to this, casinos also take advantage of the system’s stringent security that features tracking as well as digital fingerprints. When funds transfer is initiated, it is assigned its own traceable code that can be used as a transaction record.
As a gambler, you are definitely security conscious. Yet, you can rest assured that while using eChecks your security is guaranteed as they are among some of the safest and most secure methods for making online payments. Probably one of the best things about eChecks is that in practice, players do not need to provide their personal and banking information to the casino itself. In other words, casinos do not have direct access to the information provided by the customer. This, on the other hand, means that gamblers can fund accounts in several online casinos without going through the hassle of giving your sensitive information to each one of the casinos. Electronic checks are among some of the most secure payment options as they further enhance banking practices thanks to the additional security. This means that even if there is a successful attack from hackers, fraudulent transactions would not necessarily be paid.
Advantages of eChecks
Technologies have become an inseparable part of our daily routine. Our lives have changed so dramatically that now we are connected to the Internet almost all the time, even when we are away from our computers or when we are on the go. A large number of the online casinos decided to further develop their platforms and make them compatible with some of the most widespread operating systems. Just like casinos, many banks that offer checking accounts also provide their customers with mobile applications for devices running on Android and iOS. This enables casino fans to easily fund their online casino accounts even when they are not at home and do not have access to their computer.
One of eCheck’s biggest advantages, however, remains that transfers of funds are processed almost immediately and gamblers can start playing their favourite casino games almost right away. Instead, if you have decided to send a paper check, you will have to wait for several days until the transaction is processed.
Many gamblers consider that electronic checks’ simplicity is one of their major advantages. They are extremely easy to use and most of the people will not have any troubles in filling in eChecks as they feature the same underlying principles as paper checks. What further adds to this payment method merits is that gamblers are less likely to spend more money than they initially intended as they can only wager the money they already have in their account. Not to mention the fact that security is a key concern for online casino operators as they use digital signatures, public key cryptography, authentication, and so on in order to make sure that their customers are protected.
Last but not least, we should mention the fact that transactions via electronic checks can bring players some quite attractive bonuses. In most cases, gamblers are given a percent of the amount they have deposited or sometimes a set sum bonus will await you in some of the most reputable online casinos.
Disadvantages of eChecks
As you will definitely notice, eChecks’ advantages undoubtedly outnumber the disadvantages. Still, we need to mention some of the drawbacks of this particular payment method. Regardless of the draconian security measures, it turns out that sometimes customers may notice an unknown charge on their bank statement. If you use, for example, a debit or a credit card in order to make online payments, you can quite easily figure out how this happened. Still, when it comes to eChecks things are a little bit different and it is quite difficult to retrieve amounts once they have been deducted.
Even though eChecks are extremely convenient to use, sometimes their convenience depends on the processor the casino uses. It turns out that some online casinos may ask you to sign up with a third party in order to process your check payment which on the other hand may take up several business days.
In spite of the fact that electronic checks offer quite a high level of security, there is always some risk that the transaction can be compromised. Even though most of the casino operators use encryption in order to prevent such things, a virus or a security breach of your personal computer may make you vulnerable to actions by wrongdoers.
EChecks are an option for making online payments. They enjoy such a great popularity due to the fact that they are extremely simple to use and offer the needed security as well. What is more, they are so popular among casino fans as they are also a reliable payment solution. The nature of the transactions leaves little room for frauds as funds can be easily tracked if any issues occur. Over the past few years, this particular method has managed to gain popularity among casino lovers and the fact that such a large number of online casino operators offer it comes hardly as a surprise.
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