Also known as electronic checks or instant checks, an e-check is the electronic version of the regular paper check. This payment method allows money to be transferred directly from your checking account into your online casino account. Instead of filling out your details on a paper check, you fill them out on an online form, or e-check and submit them with the click of a button. This payment option is easy and fast and more and more online casinos and poker rooms are accepting it.
The e-check is really just like a paper check; it even looks like it. First of all a regular checking account is needed. You will need to provide the betting site with certain personal and financial information including your name, address, checking account number and routing number. You will also need to provide identification in order to protect the casino from non-sufficient funds (NSF) charges and to protect you from fraud. When you are ready to make a deposit using e-check, you click on e-check in the cashier section of the casino. Through an online form you fill out your banking account details and then you send it off electronically to the casino which will have it within seconds, allowing you to begin playing almost immediately. When a withdrawal is made it will be sent through the same system straight into the player's bank account. When you first start using e-checks at an online betting site you may find that you are limited in the number of e-checks you can use within a set period of time. This is commonly 2 checks within 48 hours. These limits will be lifted once your checks are being processed without any problems.
There are many advantages to the e-check. Although the money deposit seems to be instant the actual withdrawal from your checking account could take up to a few days. This is not something either the casino or the player will suffer from since the money does transfer to the casino regardless of when it is actually physically removed from your checking account. One could call this a form of credit but the deposit couldn't have been made in the first place if the checking account couldn't cover the amount.
e-Checks are secure to use as they are each equipped with a digital fingerprint to prevent fraud. In addition, e-checks are tracked in much the same way as paper checks are. The e-check system is swift and easy which is probably the main reason for its growing popularity. The system can also be considered safer than credit cards as all transfers go straight between the bank account and the casino.
The e-check is available worldwide for anyone who has an active checking account, but currently it is mainly used by American and Canadian players for online gambling. The method is quick and simple to use, allowing you fast access to your funds and it is safe and secure. This is an increasingly popular payment option.
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