eCheck Casinos

Just like any other payment solution eChecks have their own inherent advantages and disadvantages. For your convenience, we have listed below all major aspects of this service that you should be aware of.

To begin with, anyone who has previously dealt with paper checks will know exactly how this process works. In truth, it is exactly the same. eChecks are one of the easiest payment solutions to utilize from a practical point of view, the only requirement being a bank that supports this feature. Whereas other services would require a registration and identity verification, the use of eChecks demands none of that. As you have already completed that process before when opening a bank account, all you have to do is enter your banking information and confirm the payment. The process is completely straightforward and requires no prior knowledge or beforehand preparation on your part. No other service can offer a procedure that is this straightforward and easy to utilize.

While some online casinos have begun accepting eChecks as a valid payment method, eWallets and credit cards remain the dominant way to transact money. The number of casinos that support eChecks is not that large, despite the fact that the obvious advantages of this payment solution. If this is the only way you would like to deposit and withdraw money you would be limited to only a few choices.

At several online casinos, you have the option to deposit and withdraw via eCheck. At any online casino that supports this payment method, you will find the eCheck option on the Cashier page. There you will have to click on the eCheck option which will open a new window. There you will have to type in the name of your bank, enter your bank routing number and your bank account number, as well as the type of your account.

Following that, you will enter the sum that you wish to deposit or withdraw and confirm the transaction. Electronic checks are not as popular as other transaction methods so you might be hard pressed to find a website that still supports them. Arguably, the most popular online casinos accept a large number of deposit and withdrawal services, which will most likely include eChecks as well. The more obscure gambling websites are prone to stick to the ‘traditional’ methods of transacting money, e.g. eWallets, credit cards, wire transfers, and prepaid vouchers.

Generally speaking, eChecks are one of the cheapest deposit methods that you can use. A typical eCheck payment will cost anywhere between $0.50 and $1.50. This is a relatively low cost when compared to other payment services, but still higher than those that have no cost at all. Still, the price you pay for each transaction is offset by the added security, as well as the simplicity and ease with which the payment is carried out. At some casinos you might be charged a commission fee of a few percent of the total sum, but that is not all that common nowadays.

When you initiate a deposit via eCheck you are probably wondering how long it would take for the money to arrive and for you to start wagering it. Since the payment is done virtually it would take no time at all to receive the funds into your casino balance. As soon as you confirm the transaction the money should appear in your casino account and you can begin playing your favorite games. When it comes to depositing this is an excellent way to do it, since you have immediate access to your money. However, where withdrawals are concerned, it is an entirely different matter.

When you request to cash in your winnings the casino staff would have to first review your plays. This normally takes no more than 48 hours at worst and only after this process is complete will they send the payment. The transaction can take up to several days to clear as a normal check would. This is not a fault of the casino, but one of the banking systems. In case you were wondering, the casino does not also receive your deposits instantly.

However, it allows you to play on credit since it is certain that it will receive its payment. This one of the worst aspects of using eChecks – the days-long withdrawal times. Other services, such as eWallets, have been known to execute withdrawals within hours. Where processing times are concerned, eChecks rank along the same lines as wire transfers. If you are looking for a service that will process your funds quickly you might want to look at other online payment solutions.

When it comes to online payment solutions eChecks are perhaps the safest method. This method of payment goes directly through your bank’s network in order to be processed. This means that users get to enjoy the highest security level possible. Banks are not known for the futility of their security systems, rather the opposite, and they are presently the most secure financial institutions that you can count on.

When you send an electronic check there are several security layers that the transaction must pass through. The banks have excellent authentication systems that will prevent any unauthorized transactions, as well as encryption technology used to encode every piece of information sent via the Internet. Furthermore, since the eCheck service is provided by your bank and connected to your bank account you get to enjoy assurances that nothing will happen with your personal funds. In the event that someone does manage to gain access to your money, the bank is obligated by law to compensate you for your losses.

Furthermore, the online casinos also have security systems of their own, meant to protect any sensitive information that goes through their network. The most often implemented security system are the SSL – Secure Socket Layer – protocols, that encrypt all personal and banking information sent to the casino servers using 128- or 256-bit encryptions. This is state-of-the-art technology and has an excellent track record of keeping users’ information safe and away from the hands of any potential wrongdoers. The encryption these protocols use is incredibly strong and breaking it is practically impossible.