eCheck

eChecks – essentially electronic checks – are also known in the world of online purchases as instant checks. Wherever checks are accepted as a form of payment, so too will be echecks be accepted, with the biggest difference being that the purchase or service is being paid for over the internet. An echeck will thus transfer money directly from the user’s bank checking account directly to his or her online casino account. An electronic authorization process will ensure that everything is in order, and the last word in online encryption security will keep the process safe and secure.

How to Use eChecks

Using an eCheck is the same as using a paper check. The eCheck customer will in effect (virtually) write a check electronically and then give it (virtually) to the website they want to purchase from in an electronic format. Before you do this, you will need to provide the betting site with certain personal and financial information such as your name, address, checking account number and routing number. You will also need to provide identification to protect you against fraud and protect the betting site from non-sufficient funds charges. The website then deposits this money, receives credit and the eCheck is cleared to the paying bank which thereafter validates the eCheck and charges you for the check.

As can be seen, issuing an echeck is the same as writing a paper check, except that the details need to be filled in online and submitted electronically.

Advantages of eChecks

A big advantage of using echecks as an online payment method is that the money is made available almost instantly into the player’s online casino account.

Convenience is also a huge factor as online gamblers are constantly on the lookout for methods that allow them to fund their accounts and withdraw their winnings. eChecks can be used to withdraw casino winnings, although in the beginning, players may be limited to the number of echecks they can use per day to transfer their money from the casino.

eCheck is a very safe and secure method of transferring money online. Because it can be employed in all instances where checks can be used, it makes for a very convenient method to transfer money through cyberspace. All checking accounts work with eCheck and due to eCheck’s commitment to safety and security, fraud loss is significantly reduced. Each eCheck is equipped with a digital fingerprint to prevent fraud and is tracked in much the same way as a paper check is. For anyone seeking out a secure, easy, and trusted online money transfer method, eCheck could be the answer.

eChecks are also popular for their familiarity. Anyone who has written a paper check will immediately feel comfortable with this method of transfers. The money will only be transferred from a checking account that has sufficient funds in it. This allows you to closely control your bankroll.