E-checks are a very simple method of online payment, which does not involve high fees. To use e-checks, you must have an active checking account with funds on deposit. The method is actually very similar to traditional paper checks, which have no intrinsic value but serve to indicate your bank, branch and account number and promise to pay the specified amount – all the information the merchant’s bank will require in order to process your payment and credit the funds to the correct account. E-checks perform the same function as paper checks, with the added advantage that they cannot be altered, forged, destroyed, stolen or lost in the mail.
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E-checks are accepted in a great number of countries on several continents, namely: the Aland Islands, Australia, Austria, Belgium, Bulgaria, Canada, Cyprus, the Czech Republic, Denmark, the Dominican Republic, Estonia, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Hong Kong, Hungary, Iceland, India, Ireland, Israel, Italy, Jamaica, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Martinique, Monaco, Morocco, the Netherlands, New Zealand, Norway, Poland, Portugal, Reunion, Romania, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Trinidad & Tobago, Tunisia and the United Kingdom.
How Does E-Check Work?
When registering as a member with a new casino, simply indicate “e-check” as your chosen method of payment. At the time you wish to make a deposit to your casino account, you will need to complete the relevant e-check information regarding your bank name and routing number, your account number, the amount of funds and any other information that your local banking regulations specify. It’s a good idea to print this out, so that you will have a hard copy record of all your casino e-check authorizations. Once you have submitted the information, many casinos will allow you to begin gambling with the sum straight away, although it generally will take 3 to 4 business days for the e-check to clear. You will have to wait until the check has cleared your bank branch before withdrawing this money from your casino account, however. Some casinos place a ceiling on how much you may deposit via e-check, which may be increased after a while. US players may have difficulty in using this method, depending on their local bank’s policy.
Advantages of Using E-Checks
E-checks offer many advantages to players. They are safe and convenient to use. There is no risk of loss or theft, and no necessity to give personal credit card details to the casino. In fact, there’s no necessity to have a credit card or undergo a credit check. You do not have to worry about converting your payment to the correct currency. Often no fees are charged to you, as the customer, though there may be small charge for international payments. Casino operators tend to like this secure means of payment, and will often pay out a “payment method bonus” to players who use e-checks.