All of us have grown up to become accustomed to the idea of a physical/paper check and by now have a good idea as to what they really are. However, a flexible and much preferred alternative to this traditional method of payment is the e-check, which is an electronic method of payment from one bank account to another. Although, E check involves eliminating the transfer of funds via a paper check, it is nothing but the electronic version of the same.
Electronic Checks were created to provide a payment gateway that combines the best of both worlds. It incorporates the uncomplicated process with additional factors like safety and security to improve the payment process associated with transferring funds online. Due to the many advantages of Electronic checks, they have become a popular payment method at famous online casinos. Read this Echeck Review to find an all inclusive list of online casinos accepting Echecks along with other Electronic Cheque details.
Yes, Echecks are a safe and efficient way to undertake cash flow management, for both, the casino and the player. Since the payments are processed over secure electronic networks, the risk of any third party gaining access to your sensitive financial information is greatly reduced. Furthermore, the distribution channels are end to end encrypted with highest security measures including public key cryptography, digital signatures etc which facilitate to safeguard your private data. Additionally, you can monitor your transactions in real time, thus helping the players overcome their fears pertaining to safety. That said, it's also beneficial for the Casino to offer Electronic Check Payment System as an alternative method of payment due to the low processing and transactional costs with an added advantage of security as opposed to the conventional paper cheques.
When you're playing at an online casino, the first thing you want is a payment gateway that instantly funds your casino account. This method is appropriate for both the players as well as the casino as it saves time and efforts of both the parties involved. The details once entered are stored and each time you to wish to make an online payment, simply choose echecks as your preferred deposit method and you're sorted. Furthermore, since the entire process is carried out electronically, it does not take days for the transactions anymore, they are promptly processed directly in your casino account.
Using electronic checks as compared to the conventional paper checks can prove to be more cost effective. They happen to significantly reduce the monetary burden as the cost of handling, printing or transferring the checks is eliminated. Also, casino operators do not have to hire additional workforce to manage and process these electronic checks as is the case for paper checks.
We have all witnessed how writing checks can be a tedious task and if something was to go wrong, you'd have to re-write the entire thing. Also, the frequency of committing errors is reduced as fewer people handle the cheques. This drawback is taken care when you switch from using paper checks to electronic checks. Hence, the risk of making mistakes is greatly reduced with an increase in efficiency while using electronic checks.
Transmitting your money online is far more reliable than carrying a piece of paper around with practically all your important information. E checks save you from the effort of visiting a bank and standing in long queues to wait for your turn. You also don't need to worry about your checks being stolen or lost during transit as the transfer does not involve any physical movement. Furthermore, these transactions utilize similar latest security standards accepted and used by financial institutions to protect their information.
Since, eChecks are handled and processed online, there isn't any need to use the paper. While you skip using the paper and go eco friendly, Online Casino's not just save the environment but also the money involved. So, you don't need to worry about your payment being written on trees that is later going to be discarded anyway.
An E Check works as a payment instrument that uses the ACH network to transmit funds online. When an online casino or the player uses the E Check as their preferred payment method, it employs an Automated Clearing House Network which transfers the funds securely from one account and deposits into another using a reliable electronic network. The ACH Network facilitates an easy, transparent and predictable way to ensure a quick flow of cash electronically
Besides providing safety features, eChecks also allow the players to accept international payments without worrying about currency issues. You can make transactions directly from your bank account and the receiving party will receive the payment in their local currency. Thus sign up at your choice of Echeck Casinos and get playing online games in no time!
With eChecks, you do not have to worry about making manual entries in to your computer each time you receive a payment check or every time a player deposits in your casino. The data is automatically transferred or fed in to the casino's software via digital transactions. This way, online casino operators can directly check their customer activity and manage their accounts well with limited scope for errors.
Much like the conventional paper checks, understanding how to deposit or withdraw using Electronic Cheques is simple and straightforward. Follow our step to step guide below for a hassle free deposit process using Echeck :
Casinos follow the standard withdrawal process even when players choose E checks as their preferred deposit method. If you wish to cash out using E checks, follow the steps given below :
Majority of online casinos do not charge a fee for depositing or withdrawing online funds using e checks as your preferred payment method. However, it varies from Casino to Casino who may or may not levy the expenses on the players their merchant charges them. However, if you are to send an e check then you would also be charged a minimal fee solely depending upon your bank or payment proccessor. More often than not, companies charge a higher fee for a single transaction and a comparatively low charge is levied on monthly basis.
Funding your account with E Checks is a simple, safe and secure process where you begin by logging in to your E- Check account. It is imperative for the casino to gain authorization in order to process a payment. The player is then required to fill an online form which would require your e check account number and the amount of your deposit. The information that you entered will automatically be copied to the casino's processing software. The transaction process only begins after the details have been verified.
If it is your first time using Electronic Check to transfer funds online then it might take at least 3 to 5 days before the funds reflect in your account. However, every subsequent deposit clears almost immediately and you can start playing with the funds instantly.
The first step involved in sending an eCheck is choosing the right processor. It is important for the player to have the right gateway in order to transfer funds online. Sometimes, online casinos allow direct bank Echecks but at other times, they require its players to sign up with a third party payment processing method to deposit or withdraw using e-Checks. Players can use some of the following processors that allow transferring of funds using PayPal, Skrill, Major banks or financial institutions, PaySimple etc.
No. Not all casinos accept E Checks as an alternative payment method. The method is yet to gain popularity as a prominent payment method as it is not well advertized. Furthermore, there are risks of sending echecks online in terms of making your sensitive private banking information available to unsecured networks which exposes the players and the casino to a number of online frauds.
The top cited reason for casinos not keeping eChecks as an alternative method of payment could be that the funds transferred via this payment method takes around 3-5 business days to be reflected in your account for the first transaction. Add to that, the working of echecks is similar to that of conventional paper checks, the funds can not be withdrawn without any credit. Until the player doesn't have a current account or overdraw facility, the checks would bounce and not get honored.
Furthermore, the casino credits your playing balance immediately even though the actual amount is deducted after a few days from the player's bank account. Thus, to avoid any payment delays and the risk of being deceived, Casinos don't offer electronic cheques as a payment method.
The deposit or withdrawal limits attached with E-Checks are solely dependent upon the casino you are playing at. Each Casino has their own predetermined limits when it comes to depositing or withdrawing funds. Again, influenced by a casino the limits may or may not vary with varied deposit methods and can be check at online casinos' individual banking pages.
There are multiple advantages for players who deposit or withdraw funds using the Electronic Check facility at their preferred casino. For one, all your transaction details are transferred using the most advanced safety systems and protocols across multiple distribution channels which ensures to safeguard your financial information. Then, transferring money via this method of payment does not involve any extra fees. However, individual casinos may or may not charge their customers for using E Checks as their chosen payment method. Finally, the payment appears in your account almost immediately, so it is an instantaneous process.
Yes anyone who has an active checking account with a financial institution can use Electronic Checks to transfer funds at an online casino. Furthermore, if you have sufficient funds you can easily use E checks as your method of payment. Although, not many casinos allow countries outside the Great Britain the facility to use echecks, it is nevertheless a prominent medium to transfer funds from the player's bank account to their casino account.
Absolutely! All the Casinos that accept e checks offer a large variety of bonus and promotional offers to their new and exiting players alike. The size and type of bonuses however might differ and can range anywhere between a no deposit bonus, free spins, sign up offer, cash back bonus, reload offer, match deposit bonuses along with other daily and weekly offers. Players can keep a tab on the casino's promotion lobby in order to never miss out a promotional offer.
The transaction time taken usually depends upon the providers wherein once the transfer is initiated it usually takes up to 48 hours for the verification process to be completed. After that, it takes up to 3 working days for the payment to be reflected in your account.
Most definitely you can. You can both deposit money to or withdraw money from your Paypal account using E Checks. Prior to making a payment, players must ensure they have enough funds in their bank account or it would result in the payment being declined. However, if the players have access to the instant transfer option, payments via electronic cheques would not be entertained.
Yes, you can buy Bitcoins with eChecks as it is a safe and cost effective method as compared to other alternatives. Furthermore, using eChecks or the ACH method, you can buy Bitcoin in bulk and larger quantities as opposed to other methods. There are various Cryptocurrency exchanges that allow you to buy or sell Cryptocurrencies including Bitcoin via your debit/ credit card and eChecks.
No, not all countries accept eCheck payments. However, At the moment the following countries accept Echeck payments and are given in alphabetical order - Australia, Austria, Belgium, Canada, Denmark, Dominican Republic, Finland, France, Germany, Greece, Hong Kong, India, Ireland, Israel, Italy, Jamaica, Morocco, Netherlands, Norway, Portugal, Singapore, South Africa, Spain, Sweden, Trinidad & Tobago, Tunisia and the United Kingdom.