eCheck Online Casinos

While eCheck online casinos aren’t widely available, they do remain an option for players with the patience to locate them. Also known as electronic checks or back office conversions, these methods of payment function just like a paper check and withdraw funds straight from your bank account.

This article discusses the pros and cons of using this method, both for day-to-day purchases and funding your casino account. We’ll also examine the limited nature of the eCheck as it relates to online gambling, how to use this form of virtual checking, and alternate deposit options.

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Advantages of Using eChecks

The following are some of the main advantages of using an eCheck to perform online financial transactions:

  • While a paper check can take up to 10 days to clear, an eCheck clears in an average of four days (although it can be as few as one).
  • There are fewer people involved in the processing of an eCheck, so the billing costs are lower for the customer. In some cases, this amount can be reduced by up to 60%.
  • Since no paper checks are being transported, it reduces greenhouse gas emissions by 3.6 million tons and saves over 64 million gallons of fuel.
  • It’s more anonymous and secure than a paper check.
  • If you don’t have a credit or debit card, a merchant may still accept an eCheck as a form of payment. This usually isn’t the case with a paper check.
  • The person who received the money is required to pay lower transaction fees.
  • Those who use or accept electronic checks have reported fewer cases of fraud.
  • This payment alternative offers merchants an additional way to increase their business.
  • Since fewer people handle an eCheck, the potential for human error is reduced.

Disadvantages of Using eChecks

If you’re skeptical about using eChecks, the following drawbacks may scare you away for good:

  • Before the recipient can have access to services, they must wait for the electronic check to clear.
  • A check often takes several days to clear.
  • Electronic checks do not generate a cancelled copy for your records.
  • Up to 60 days after payment was made, the issuing party has the option to dispute the transaction. When such a case occurs, a charge-back is levied against the account of the accepting party.
  • If there are insufficient funds in the account, an eCheck can bounce just like its paper counterpart.

Why Some Casinos Refuse eChecks

With most forms of online financial transaction, the process is taken care of within a matter of seconds. This means that a player who’s keen on gambling can quickly fund their account and hit the slots (or their game of choice).

With eChecks, however, the casino must wait an average of four days for the check to clear. This is more than enough time for the player’s enthusiasm to diminish, and it’s possible that they might even move on to another casino during this waiting period. Sure, the recipient still has the deposit, but they might lose valuable long-term business.

Like a paper check, there’s also the chance that the eCheck bounces due to insufficient funds in the player’s bank account. This creates extra work for casino employees, so the method is often viewed as a potential headache that’s best avoided.

How to Use an eCheck

In this section, we’ll look at how to use an eCheck to fund your casino account. The process is a simple one, which makes it all the more tragic that more casinos don’t accept this option.

The first step is to log into the account of your eCheck provider. From there, you’ll select the size of the transaction and enter the email of the receiving party. If your bank account information is already on file, then you can complete the transaction with a click of the mouse. If not, then you’ll need to enter the data before the process can be concluded. PayPal is a fine example of the convenience involved with an eCheck, even though they have a firm policy about processing funds for the purposes of online gambling.

Alternatives to eChecks

If your favorite casino doesn’t accept eChecks as a method of payment, there are still a number of options at your disposal. In order to make things simple, we’ve included a list of some of the more popular and widely accepted methods. To see if an option is accepted at your casino, just click on the tab marked “banking” or “cashier.”

Neteller – Gamblers can load money into a casino directly from their bank account. At one point, 80% of the Internet gaming community used their services. The UIGEA ended Neteller’s involvement in the U.S.  market, but they remain a major force in other parts of the world.

Skrill – This service supports more than 40 forms of currency, and funds can be transferred from your bank account or a prepaid card. Once known as Moneybookers, this service is unavailable in America and parts of the European Union.

Wire Transfers – Still a viable option for U.S. players, services like Western Union allow customers to physically visit an office and arrange for the transfer of funds. It’s not as convenient as loading your casino account online, but beggars can’t be choosers.

Debit Cards – This form of payment can take money from your bank account, or you can load a card with a specific amount of cash. I suggest the latter, as it ensures that passionate or problem gamblers won’t clean out their life savings in the course of an evening.

Credit CardsVisa and MasterCard are readily available as payment methods, and American Express can still be found at a small number of casinos. Just enter your credit card number and you can deposit an amount all the way up to your credit limit (although I wouldn’t recommend such an extreme expenditure).

eCheck online casinos are less common than you might expect, although they still exist for the persistent player willing to seek them out. While this method of payment can be useful to those who lack a credit or debit card, it’s ultimately advisable to use a Visa, MasterCard, or e-wallet service as a superior alternative.