When you visit any online casino, it goes without saying that you must make a deposit. This can easily be accomplished by using credit cards and Bitcoin. While there are other e solutions to make deposits, one old form that seems to be making a resurgence is the eCheck.
What In The World Is An eCheck?
Simply put, an eCheck is an electronic payment that occurs from a user's bank account. The fundamental difference between an eCheck and and instant transfer is that instant transfers process payments and transfers on an instant basis. eCheck's in contrast, will need some days to process. The time avenue for this is normally from 3 to 5 business days.
First thing is first, you must ensure that there are enough funds in your bank account to cover the eCheck transaction. eCheck's are digital versions of the old paper check, they work in the same manner and will need to be filled out just like a regular check. Your signature will be deemed legally binding, so keep that in mind.
When you send out a check, you will have the option of sending one to cover that transaction or making it a reoccurring one. The recipient of the check must have a bank account with a positive balance to receive the funds. Both parties will need to have accounts in good standing to avoid over draft fees.
To help the process of eChecks, there are many companies to handle the job. Some of these companies are Paypal, PaySimple, and MoneyBrokers. Most of the companies have a small transactions fee to process and handle these eChecks. The one sending the eCheck had the right to cancel it or some cases request a refund just like they would for a regular check.
So how secure is an eCheck? EChecks like many digital forms of payment, comes with their own Cyber security. Each eCheck in use, needs an authentication protocol, along with a public key cryptography, digital signatures, certificate authorities, encryption, along with special a detection to prevent duplicate eChecks.
EChecks is a payment form that doesn't get much attention, even though it is widely accepted through many digital, payment gateways, including online casinos. They also feature low fees when making payments, so you can get more bang for your buck when you deposit at the online casino of your choice.