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One of the many modern online banking solutions, eCheck keeps fighting to become the most universally accepted at online casinos. The deposits made with eCheck were not so popular some time ago, but now they are rapidly becoming more and more widespread. The reasons why it happens are simple; this payment method is secure, fast and fairly convenient. Even US casinos online accept deposits made with it. These US eCheck casinos are not so numerous of course, but this is only because online gambling in the United States has many restrictions.
As its name applies, eCheck is a possible online alternative to the real-life checks. They work in almost similar ways. Only to issue an online check a player has to have an online banking account rather than the real bank account. Also, unlike with real checks there are fees applied each time a player uses eCheck. But the good news is that these fees are not at all high.
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Instant check casino deposits (this is how eCheck is sometimes called) are especially popular in the United States and the United Kingdom. The fact is that UK and US online casino players value its democratic approach and convenience. True, eCheck may be considered as one of the most convenient payment methods available online for several reasons.
As you see, there are good reasons to try out this payment method. Especially if you are from the United States where online gambling laws are very unfriendly towards the players.
eChecks are basically for use for each and every bank customer, so long as his or her bank offers online accounts. This payment solution is available for private persons and businesses of all types and provides them with many convenient tools. For example, electronic checks can be processes in batches just as well as singly, which means there will be no more additional expenses for transactions. Information on payments made with eCheck can come in many forms, starting from a free-form electronic document, to a free-form memo field and the usual EDI (Electronic Document Interchange)
Once the electronic check is properly signed (of course we are talking about electronic signatures) and endorsed, the secure payments get managed. Modern digital signatures use very strong security algorithms and so they are practically impossible to hack. Plus, electronic checks get verified at almost each step in the processing flow, which no paper checks can offer. eCheck even has the option to get encrypted, which means the parties will have not only complete security, but complete privacy as well.
There is no need to verify eChecks at online casinos. But of course, to issue an eCheck a player would need to undergo a procedure, that is very much alike setting up a bank account. The player’s address will be required, as well as his phone number, email an ID or a government document that verifies his or her identity. Truth is that the process rarely takes more than 5 minutes, and since the transactions are instant – the gamblers will be able to play their favorite online casino games very shortly.
Does eCheck work only with US casino players?
Not actually, but in the United States eChecks are especially popular.
Do online casinos set limits for eChecks deposits?
As a rule, there are no limits set for deposits made with this payment method. Still, online casinos usually set their own limits for all transactions, no matter what solution is used. So check the casino’s terms and conditions for exact figures.
Are eChecks perfectly secure?
Without a doubt, eCheck is a top secure and trustworthy solution for online payments. It is actually more secure than regular checks.