There are now more ways to make payments with online casinos than ever before. However, if you are looking for one of the best ways to deposit money, then electronic checks at eCheck casinos are the way to go. Of course, if you don’t know too much about instant eCheck casinos, then you may be wondering how to use this digital transaction system to your advantage. Well, you can find all the information you need right here:
Best eCheck Casinos
- 1 Best eCheck Casinos
- 2 What Is an eCheck?
- 3 Are All Casinos accept eCheck?
- 4 What Sites Allow These Fund Transfers?
- 5 Is This Payment System Secure?
- 6 Electronic Checks vs. Credit and Debit Cards
- 7 How Much Do Transactions Cost?
- 8 How to Make Payments with an Electronic Check?
- 9 The Pros and Cons of Using Electronic Checks
What Is an eCheck?
The concept behind this payment method is relatively simple. In basic terms, an electronic check is the digital form of a paper check. By this definition, an eCheck online casino accepts this form of deposit.
So, how does this work? Well, the process is very similar to the old version. When you want to pay by eCheck, your information is sent to an agency known as the Automated Clearing House (ACH). At this point, the ACH passes along the information to a bank that verifies it.
Once this has happened, the ACH will credit the money to the person requesting it. This bank will then deduct the money from your account with the eCheck withdrawal. It is as simple as that.
Are All Casinos accept eCheck?
Since you would like to use this payment system to top up your gambling account, it is only natural to wonder if every online casino accepts pay with eCheck. While quite a few gambling sites do allow you to deposit money in this manner, not all of them have this option available.
For instance, it is much easier to find an online casino that accepts eCheck in Europe than in the US. This holds for gambling websites as well. Therefore, you will have better luck paying in this manner by a site that is run by a European company.
What Sites Allow These Fund Transfers?
Your next query, understandably, would be, what is the best online casino for an eCheck? As mentioned, many casinos are only still catching onto what a great opportunity this payment system can be. Thus, it may be tricky for certain players to find a website that supports eCheck.
So, does this mean that there isn’t the best casino online for eCheck deposits? Well, not quite. With a little bit of research, you shouldn’t have too much trouble locating a site that will allow you to pay with eCheck.
To start with, focus on websites that accept US players. Once you have done this, you can then narrow it down to an online casino that is USA eCheck friendly. If you have trouble with that, identify sites that will allow you to pay via PayPal. This service lets you deal with electronic checks.
Is This Payment System Secure?
Transferring money online can be rather distressing. Since you have little control over what’s happening, it isn’t easy to know who has access to information. This, in turn, can put you at risk for theft or fraud. Therefore, you can only wonder whether is eCheck safe?
Well, the good news is that security isn’t something that you have to worry about when making an online casino deposit with eCheck.
Understand, when you want to transfer money, you will have to provide a bank routing number and a checking account number.
Then, the instant eCheck casinos’ financial gateway system will send this as encrypted data to a service that accepts such digital tools. This service will then do extensive research to determine if you are who you say you are. Only if your request is found to be legitimate will the transaction be allowed to proceed.
Electronic Checks vs. Credit and Debit Cards
You may be interested in determining how eCheck online payment methods measure up to other online payment tools. Now, typically, the most common options are either credit cards or debit cards. This is true for gambling websites all around the globe.
So, when it comes to online casinos deposit which one is better – the cards or the digital check? In terms of security, you will find that it is the latter that comes out on top. After all, banks and the ACH have numerous barriers in place to ensure that your funds are going to the right place. On the other hand, with credit or debit cards, a number or a swipe is enough to drain your money.
Another reason that many online casinos accept eCheck is that there is minimal risk involved to them. Due to the verification process, the bank – and the gambling site – will tell whether or not you have the appropriate funds fairly quickly. So, what is the advantage to you?
Well, the verification process and the level of security combined ensure that gambling sites are more likely to allow you to transfer a larger amount of money. This isn’t something that you can do with a credit card or a debit card. Therefore, an online casino eCheck deposit will give you access to more funds.
How Much Do Transactions Cost?
As you are well aware, transferring funds can often be a costly expense. This means that in addition to the money you will be placed in your gambling account, you will be losing out on further charges. This is all the more reason to find an online casino accepting eCheck.
See, when placing money in the account of an electronic eCheck online casino, you are charged a minimal amount. In fact, you will often have to pay between $0.30 and $1.50 every time you transfer your funds.
How to Make Payments with an Electronic Check?
Of course, the final thing that you need to know is how to pay with eChecks at your favourite gambling website. Well, to start with, you will need a proper account. If you already have a checking account, you are probably all set. You need to make sure that your bank offers this facility to you.
To deposit at an online gambling casino with eCheck, you must activate the online transaction feature. Once again, you should be able to do this through your bank – in fact, you may have already done so.
After this, you will have to find an online service – such as PayPal – that lets you place eCheck deposits into your gambling account. For this stage, it is a good idea to compare all of the options available to you. It is possible to factor in charges, security, and other elements into your decision.
To play at an online casino with eCheck capabilities, you must go to the banking or cashier page. Here, you will be directed to an area that will allow you to make a deposit. You will be required to provide the routing and banking number to be verified by the involved parties.
Once this phase has been completed, you will have to wait for the bank to let all other agencies know that you have the relevant funds. After this has been verified, you will be allowed to resume whatever casino game you were previously playing.
This concludes what you need to know about electronic checks and online gambling sites. Now, that you are aware of the process, you can use this as your next easy payment system.
The Pros and Cons of Using Electronic Checks
As with any digital payment system, there are advantages as well as disadvantages. To allow you to get a more comprehensive idea of what to expect when you pay using eCheck, here are both sides of the story.
- Easy to use
- Excellent verification tactics
- Makes it easier to manage money at eCheck online casinos
- More affordable processing costs
- Faster than traditional checks
- Fewer number of eCheck casinos in the USA
- Can take a few days for verification process
- Can be used for fraudulent purposes