eCheck Casino Payments Guide For Players In 2022

Aug 16, 2022 Online gambling
echeck payments guide

Technology has affected the gambling sector, and the biggest example of this is how users have shifted to online transaction methods to deposit and withdraw funds. However, there are still gambling enthusiasts who are not comfortable with online payment methods such as credit or debit cards, electronic wallets (Neteller, PayPal, and so on), or even prepaid vouchers. For them, the electronic check or the eCheck serves as a blessing. It is easy, fast, and functions in a way similar to that of a paper check. Online casino users who want to make a deposit must have a checking account with a registered bank.

This article will serve as an all-encompassing yet simple guide for Canadian players who want to get on the bandwagon of using online casino eCheck payments in 2022.  Also, you can check out eCheck casinos list with reliable sites.

What is an eCheck Casino Payment? 

Casino online payments can be of several types – from debit or credit cards, electronic wallets, or prepaid coupons. However, there is one underrated yet extremely secure mode of casino payment method that the leading online casinos in Canada, eCheck. It is similar to a paper check payment that you make offline. To use this option, you need to have a checking account. 

eCheck deposits are almost instant, and the withdrawals take around 1-5 days to show. The method protects your personal and banking details as they are never made available online. To use electronic checks, you must link your checking account to your casino account in the ‘Cashier’ section. Thereafter, you have to provide your assent to the transaction. It might be in the form of a form or a phone call. If the ACH is satisfied and your transaction is verified, it will be deposited in your casino account. You are all set to begin your gaming! 

Note: It is always better to check the casino laws of Canada before you deposit money in any online casino using eChecks. In Canada, gambling is legal only when it is regulated by a provincial body. The BC Lottery Corporation manages all gambling sectors and keeps a record of all the banned casinos. Make sure you do not end up depositing money your money via eCheck at such an online casino. 

Advantages and Disadvantages of eCheck Casino Payments 

Electronic check transactions, like other electronic payment forms, have advantages and disadvantages. This section will provide you with a well-researched yet technical jargon-free idea about the merits and demerits of this payment method. 

Advantages 

The following are the advantages of the eCheck mode of online casino payment: 

  1. eCheck payments are simple because they resemble paper checks and have almost the same sections laid out for you to fill. The verification process is also similar to an online form or a phone call needed to satisfy the bank. 
  2. Payment via eChecks is very secure. They let you proceed with transactions without revealing your personal or banking details online. They also use authentication, digital signature analysis, and public key cryptography to be one of the safest payment methods. 
  3. It can be made online via the Android or iOS apps of your own bank downloaded on your device. 
  4. Payments made via electronic checks are processed almost instantly. Therefore, a good idea for those who want to start gambling immediately.  
  5. Electronic checks do not allow you to add in more money than you have already deposited to play with. This enables you to not go above your casino gaming budget. 
  6. Using electronic checks as a payment method also qualifies you for receiving a host of promotional offers. These include deposit cashbacks, set-sum bonuses, and free spins. 
  7. There is very little room for fraud because the transaction can easily be tracked to the source. 

Disadvantages

The following are the disadvantages of the electronic check mode of online casino payment: 

  1. Often, you might notice certain charges deducted from your bank account. These are usually those accrued when using your debit, credit card, or eChecks. In the case of electronic checks, it is notoriously difficult to retrieve such amounts once they have been deducted. 
  2. eChecks are simple and convenient, but some online casinos use third-party processors as their eCheck transaction channel. This might lead to a delay in authentication and processing. You might also not want to sign up and reveal your personal information to a third-party processor. 
  3. Even though eChecks are extremely secure means of online casino payment, if your computer gets infected with a virus or your casino account gets hacked, it is incredibly easy to issue an eCheck and get away with your money. 

How to use eCheck at Online Casinos? 

The following are the steps via which you can use eChecks at online casinos for both deposit and withdrawal. 

Deposit 

  1. Make an account with a reputed casino of your choice and add all your details such that it gets verified quickly. 
  2. Go to the ‘Cashier’ section and enable ‘eCheck’ as a payment method. Check the maximum and minimum deposit promised. Note that several online casinos allow only up to $100 as the first eCheck deposit. 
  3. Authorise the payments through online forms or phone calls. Keep your bank account details handy. The amount will get deposited straight from your checking bank account instantly. 

Withdraw

  1. Note that withdrawals via eChecks are not always allowed in all online casinos. Go to the ‘Cashier’ section and then ‘Withdrawal’. Select the amount of money you want to withdraw from your winnings. 
  2. Choose ‘eCheck’ as your desired withdrawal method and complete the identity verification procedure. 
  3. Different casinos have varied withdrawal periods. Usually, they take around 3 to 5 working days to send in the money to your bank account via eCheck. 

Conclusion 

With the average cost of electronic check transactions being between $0.30 and $1.50, they are an easy, secure, quick, and cost-effective deposit and withdrawal option. Know the merits and demerits of this payment method, and game on. 

By Adam

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