eCheck Online Casino Banking
eCheck is a system of digital payments that is predicated on the original cheque service banks use. Combining the efficiency of online transactions with the proven and tested infrastructure of paper cheques, eCheck allows customers to benefit from a reliable banking option. This method of transacting money is so trustworthy that even respected institutions such as the U.S. Treasury uses it to conclude financial transactions across the Internet. Because of its popularity and proven credibility, eCheck is now widely adopted by online casinos. In fact, eCheck gambling is enjoying significant interest and many eCheck online casinos today offer secure financial transactions using this technology.
Credibility and Security of eCheck
eCheck's security is based on the fact that the payment method is used both in the public and private sector. You can be playing at a top eCheck online casino or a bank can be transacting money over the Internet, but in both cases, a number of state-of-the-art security measures will be met. These include:
- Multi-layer authentication
- SSL encryption
- Digital signatures
- Anti-virus software
From opening an eCheck transaction to its conclusion, a number of authorized financial regulators guarantee that the system remains intact. This makes eCheck one of the safest, if not the safest, methods for settling transactions online.
Setting Up an eCheck Payment
To pay with this method at a top eCheck casino, you will have to use a service provider. There are many companies out there that offer such transfers. It can be your bank or even PayPal. The steps to making an eCheck payment coincide almost without any deviation, so we will give you the basics here. Remember to double-check with your bank or chosen service provide first before you start transacting via eCheck though.
The four steps are:
- You first need to authorize an eCheck which will then be processed by the service provider
- Then, you will need to enter the requested information, such as Bank Routing Number, Bank Account Number, and a legal name of the owner of the account
- The bank will then run a quick internal audit on the transaction using a verification network before sending out the cheque
You will also need to check your online banking to see if the eCheck transaction you have been requested is concluded. The best eCheck casinos should display the amount within 48 hours. This is only a guiding number and the transactions is usually settled sooner. If you suspect that something is wrong, contact both the casino and bank. They will initiate a trace which will find the money or the reason for the delay. All of this guarantees that your money will always be transacted securely on the Internet, making eCheck a preferred first choice.
Which Casinos Support eCheck?
eCheck casino banking is popular and many of the leading online operators feature this payment solution. It's worth noting that you can only deposit with eCheck. With this, most Canada-facing casinos consider eCheck as a necessary condition for their success. Gamers feel confident and secure when they can deposit using one of the safest payment options on the Internet to handle money. Talking of specific casinos that support the function, Royal Vegas and Spin Palace remain two of the main brands that offer eCheck. There are multiple other operators, but then again – we recommend that you read carefully through the available banking options and conditions at each individual casino.
Features: Pro and Cons of eCheck
eCheck is admittedly the world's safest way to transact money over the Internet thanks to the many failsafe measures that are part of the process. From multiple verifications initiated by different service providers to the mandatory checkson the person who places the money, eCheck remains one of the most preferred options when you want to prioritize security over expediency. With the advancement of transaction technologies today and the partial automation of part of the vetting process, eCheck clears sooner than the given time window. In fact, most casino receive the funds within 24 hours or in the space of a single work day, which goes to show how efficient the system has become.
In terms of fees, you will be pleased to know that the rate is fixed, varying between $0.25 and $1.50. This is an amount PER cheque and not based on a percentage of the money you are transacting.
Of course, casinos can have depositing limits, but for this, you will have to examine each individual casino and see for yourself. The limits are usually very generous.
The only drawback with eCheck is that you cannot withdraw. You will need to opt for another method to move your winnings back to your banking account. The good news is that each top casino comes with a variety of alternative payment methods.
Securing Bonuses with eChecks
Just as any trusted depositing method, an eCheck bonus is an option for everyone who's interested in starting their online gaming with a little extra money. eCheck deposits are eligible for bonuses, including, but not limited to:
- Sign up welcome bonuses
- Reload bonuses
- Special promotions
- Loyalty schemes
- VIP bonuses
The advantages of an eCheck banking bonus from an online casino usually allow you to experience many and various casino products. Some of these bonuses even include free credits, which can be used to check out certain games that catch your attention. A good eCheck casino always comes with a respectable number of bonuses and promotions, and you can try any which one you like.