eCheck offers an alternative to many gamers who find it cumbersome or even not secure enough to use other casino payment methods such as credit cards and ewallets. With using credit or debit cards, one always has to face the threat of identity thieves tapping into your card information. E-Wallets, on the other hand, require you to keep tabs with the various account information you need to log in. As such, echecking system could be an easy solution to many gamers, who want a quick transfer of their money directly from their bank accounts into their gaming accounts.
What is eCheck?
An abbreviation for electronic checks, eCheck is a system that allows for the transfer of funds from one person’s checking account into another person’s account. The eCheck system is simply a combination of the traditional draft checks and internet technology. The written, electronic check is then transferred through internet communication without having to involve courier or postage service. This means that the drafted checks can be moved instantaneously over long distances.
In addition to saving time, the eChecking system brings with it some additional security features. An eCheck has some extra layers of security which make us of encryptions, digital signatures and public key cryptography. This top notch technology ensures that eChecks are way safer compared to the traditional papers check.
How to use the eCheck
Just like the traditional paper checks, eCheck can nowadays be issued by anyone who holds a checking account. If you are unsure whether you have access to such online banking services, it important you consult your bank for clarification on the limits of your bank account.
Many online payment services that offer electronic wallets have by extension eChecking systems. For example, with companies such Skrill and PayPal, you can issue eCheck directly from your online accounts.
The eCheck system is governed by the same legal structure as the traditional paper checks. The only fundamental difference is that the transactions are completed online, and therefore involving way fewer processed as compared to paper checks.
Online Casinos Accepting eChecks
The next question most gamers will have in mind is if many online casinos accept eChecks. A quick search will yield a considerably large number of online casinos accepting eChecks. eChecks also feature prominently among the payout options available with many online casinos. It is, however, important to note that when it comes gambling activities, various jurisdictions have limits on the activities one can have directly linked to their bank accounts.
For example, with American regulations, you cannot directly transfer money from your bank account or credit card into a gambling account. This puts a limitation on the usage of eChecks in online casinos in such regions.
Additionally, many online gaming enthusiasts will tell you they prefer a method that does not directly link their personal bank accounts with their gaming account. In one way or the other, it helps protect your personal bank account in case your transfers are tapped into by fraudsters. For this reason, it is advisable to draft eChecks into your gaming account from subsidiary account link to a separate account such as NETeller, Skrill or Paypal.
List of Online Casinos accepting eChecks
William Hill Casino
This list is just a summary of the most popular brands that accept eChecks. You will there are more than a thousand online casinos out there that will readily issue payments and also take deposits directly using eChecks.
U.S Online Casinos Accepting eChecks
For gamers in the USA however, the tale is a bit different. Remember the UIGEA law limits transfers of funds into gaming accounts. As such, there are no U.S casinos that accept eChecks as a payment method.
However, there is the option of using other online casinos based in foreign jurisdictions. As long as the casino allows U.S players, you can check in the cashier section and verify if indeed you can use eChecks for your payments. From our extensive review, we would recommend U.S player to try out some of these fabulous Realtime Gaming casinos; High Noon, Club USA Casino and Lucky Red Casino. There are also some impressive Microgaming casinos such as Red Flush Casino which will readily accept eChecks from U.S players.
Online Casinos Accepting eCheck for U.K and Canadian Gamers
In the U.K and Canada, there much more options when it comes to making casino payments through eChecks. In all, there are almost 350 online casinos that will accept eChecks from U.K and Canadian players. This extensive list includes big brands such as William Hill Casino and 888 Canada.
Advantages and Disadvantages of using eChecks in Online Casinos
However, how would the eChecks stack up against other popular online casino payment methods such as credit and debit cards? Echeck has proven to come in handy when your card operator such as VISA or MasterCard begins growing sceptical with your gambling activities. Most of these credit companies will argue that gambling activities expose you to hitting your credit limits much faster, defaulting on payments or even worse running bankrupt. As such if your card provides begins noticing payments regular high payment done to an online gambling company, you might be considered riskier. In such cases, using an eCheck could come in handy.
VISA or MasterCard transactions, however, may be beneficial when you detect some extra charges that you do not fully agree with. Card transactions are easier to dispute as compared to eCheck payments. With an eCheck, once the money has been deposited in the recipients’ account, it becomes much harder to claim a charge back.